How will Mumbai Metro impact the Real Estate Market in the City?
How will Mumbai Metro impact the Real Estate Market in the City? With Mumbai struggling with transportation infrastructure for long, we look at how the multiple metro rail lines planned for the city, will help the commuters and the impact it will have on the real estate sector Transportation infrastructure in cities across the globe, has a proven positive impact on real estate and also along the peripheral micro-markets of the cities. There is optimism, hence, that the development of the metro rail in Mumbai, will bring about a transformation and boost the realty sector. “Hopefully, the Mumbai Metro’s upcoming corridors, will be operational in 5-10 years. Any planned infrastructure results in massive real estate growth, in and around the corridors and a similar impact could be seen when the VAG ( Versova -Andheri-Ghatkopar) Metro line became operational, transporting a large number of commuters daily between the western and eastern parts of the city. Similarly, residential and commerc...