With Prime Minister Narendra Modi inaugurating Mumbai's first underground Metro Line 3, also known as aqua line, between Colaba, Bandra and SEEPZ on October 5, the South Mumbai's real estate market is expected to see more holistic development on the back of the operational metro corridor, real estate developers and experts told HT.com The 12.69-km stretch between Aarey JVLR and Bandra Kurla Complex (BKC), features 10 operational stations.
The entire Metro-3 corridor measures around 33 km and is expected to improve connectivity between several localities such as BKC, Prabhadevi, Dadar, Worli, Mahalaxmi, Mumbai Central, Marine Lines, Churchgate, Nariman Point, Cuffe Parade and areas in and around the Mumbai Airport. Also Read: Mumbai Coastal Road project: Will its completion impact the South Mumbai real estate market? South Mumbai real estate market expected to get a boost According to real estate experts, the new Metro connector is expected to improve connectivity between South Mumbai and suburban areas of Mumbai and also give a fillip to the real estate market. "There are people who reside in South Mumbai but travel for work to Worli, Lower Parel, BKC, Andheri.
This connectivity will definitely help the middle class and professionals who reside in South Mumbai and go to Central Mumbai or suburbs for work,” said Pramod Vyas, president of SMART (South MetroCity Association of Realtors), the apex body of real estate consultants in South Mumbai. For corporates, senior executive.
