Mumbai’s real estate market is poised to get a strong boost from two new metro railway lines that will soon be operational. These will be the Dahisar-Mira-Bhayander and Andheri East-International Airport metro railway networks. This will definitely boost property values in these two corridors while more realty projects and commercial development are equally expected here. The MMRDA (Mumbai Metropolitan Region Development Authority) will be the agency in charge for development of both these metro railway lines. The Dahisar-Mira-Bhayander metro line will cover 10.5 kilometres while the Andheri East-International Airport metro line will span 3.2 kilometres. Out of this tally, 2.11 kilometres will be underground including the station itself. The new lines will boost the overall connectivity between the metro lines overall. These two lines will decongest Mumbai and free up the railway network a little as well according to experts. The metro line will boost connectivity to the airport and this will be a major incentive for Mumbai residents. The costs for these two metro railway lines are estimated to touch Rs. 6, 607 crore as per estimates. MMRDA is reportedly in talks with the Japan International Corporation Agency for development of this venture. Some of the top real estate projects in Andheri include Mahindra Lifespaces Vivante, Spenta Palazzio, Sheth Vasant Oasis and Hubtown Palmrose to name a few.
Two new metro projects are coming up in Mumbai
