You would totally agree that the city’s western suburbs are known for their solid traffic jams, especially during rush hours in the morning and evening. On any given day, the commute from Dahisar to Kandivali via the NH48 highway takes almost two hours.
But now, the new metro lines 2A & 7 are ready to cut down on commute time and grant you more “Me Time.”
Prime Minister Narendra Modi, on January 19, inaugurated metro lines 2A & 7. With its 18.6 km length, Mumbai Metro Rail line 2A is linked to suburban Dahisar (East) to 16.5 km long DN Nagar (yellow line), while Mumbai Metro Rail line 7 is connected to Andheri (East) and Dahisar (East).
Since the inauguration, more than 10 lakh commuters have availed of the services of Mumbai Metro’s lines 2A and 7.
These two lines running parallel to road & rail transportation, are set to ease traffic congestion, enhance the overstretched, and saturate existing transportation network.
Let us now see how these 2 metro lines are new lifelines for Mumbai’s real estate.
Commute less, live more
These infrastructural developments in the western suburbs will boost connectivity, reduce travel time and improve commuting.
Also, to provide connectivity between the Western Express Highway and Metro Lines 1 & 2, the elevated corridor will facilitate connectivity to several interconnected public transportation systems at Dahisar, Andheri, and JVLR, including the suburban rail network and the MRT system.
The elevated corridor links Dahisar (East) Metro station to Oshiwara Metro station on the Pink Line and Blue Line. The station is the common stop for the 2A and 7 lines of the metro.
Boost to Oshiwara Business District (OBD)
By improving connectivity between Dahisar, Borivali, and Kandivali, the extended western suburbs will become more accessible. The rental market and vacancies in the commercial sector are also expected to show a positive trend. By improving the mass transit system, the Oshiwara Business District (OBD) will gain a much-needed boost, making it a more attractive bet to real estate investing in the vicinity.
Connectivity to T2 International Airport Terminal
Office markets along the Western Express Highway (WEH) will directly benefit from this line. Now that the line is fully operational, rentals for offices in these locations will likely increase further. The metro connectivity to the T2 International Airport Terminal is also expected to benefit residential clusters such as Mira-Bhayandar and Borivali.
Property rates to soar up
Western suburbs have higher property rates than central suburbs. Due to its excellent infrastructure, this suburban stretch is home to top educational, healthcare, and entertainment institutions. With the operational metro lines, we can expect the prices to increase by 2-5 percent in residential housing and commercial property markets.
Investing in this region is a safe bet
Western suburbs are known for innumerable opportunities, boasting everything from connectivity to social infrastructure to an urban lifestyle that attracts both end-users and developers. A lot of infrastructure development is coming up in these areas, making it a safe investment for real estate investors across all price points. As a result of the planned infrastructure and initiatives, such as the enhanced metro connectivity and the growing demand for office property, one can expect considerable growth in the real estate market in these regions in the near future.
Homesfy offers a list of handpicked projects for investments in this region.
It is no secret that the western suburbs are among Mumbai’s most sought-after housing destinations, with several premium housing projects spread between Bandra to Dahisar. This suburb attracts the affluent segment of home buyers such as Bollywood stars, industrialists, NRIs, business tycoons, and all vying for a piece of land here.
Let’s find out what Homesfy has in store for you!
Configuration – 2, 3 & 4 BHK Homes
Location – New Link Road, Andheri West, Mumbai
Project Highlights:
- Located in the prime location of western Mumbai
- 1 lakh sq.ft.podium & rooftop amenities
- Enjoy the exotic views of the city and sea
- Designed by famous architect Hafeez contractor
- Shares seamless connectivity to schools, colleges, hospitals, and commercial & recreational hubs
Configuration – Super-sized 3 & 4 BHK Apartments
Location – Andheri East, Mumbai
Project Highlights:
- A 5-minute drive from the airport
- High-end luxurious project
- 3 BHK as big as 4 BHK
- 4 BHK bigger than 2200 sq. ft.
- Low-density project
3. JP Infra Codename Highway Touch
Configuration – 1 & 2 BHK Apartments
Location – Next to Western Express Highway, Andheri East
Project Highlights:
- The first project on the highway with all amenities and an attractive price
- Homes By The Highway
- Superior Connectivity
- Proposed Metro Station Nearby
- 5 Level Clubhouse
4. JP North Mira Road (Codename Dream Home)
Configuration – 1, 2 & 3 BHK Apartments
Location – Mira Road
Project Highlights:
- 23-storey high-rise development with grand architecture
- Superb Connectivity via Ghodbunder Road and Western Express Highway
- World-class luxury with 35+ lifestyle amenities
- Fast-developing locality with numerous developments in progress
When it comes to the impact of Metro lines 2A & 7, they will be the new lifelines for the real estate market in Mumbai, especially the western region. With the upcoming infrastructure developments, property prices in the area are expected to skyrocket in the coming years. So, this is the right time for real estate investing in Mumbai’s western suburbs.
To know more about trending projects, localities, and what’s new in the real estate market, visit our website Homesfy.