How Will Navi Mumbai Metro Route Impact The Real Estate Market?

Navi Mumbai Metro Route : It is hope 0that the much awaited Navi Mumbai Metro project would improve city traffic and provide last-mile connectivity. The first phase of the 23 km-long Navi Mumbai Metro Line 1 would connect Belapur to Pendhar. The metro route is described in depth by navimumbaihouses.com, along with the communities along the corridor that stand to gain the most.

The City and Industrial Development Corporation (CIDCO) have chosen four new metro lines for the Navi Mumbai Metro Corridor 1 project. The project’s foundation stone was set in 2011 by the former chief minister of Mumbai, Prithviraj Chavan, and construction quickly got underway. However, it ran into several delays as a result of plan modifications, problems with the contractors and opposition to CIDCO’s land purchase by the locals.

The Belapur to Pendhar portion of the Navi Mumbai Metro Line 1 is currently under construction and is expected to be operational by the end of 2022. Through Taloja and Khandeshwar, the railway will connect Belapur with Navi Mumbai Airport. Phase 1 of the three phases has had half of its building work finished, while the other two will take some time. Three additional metro lines are also proposed for Navi Mumbai. There will be 20 stations over a 23 km span of the Navi Mumbai Metro Line 1. The project is expected to cost Rs 4,068 crore.

 

 


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Mumbai Navi First Metro Phase

The Kharghar, Taloja, and Pendhar localities would be include in the first phase of the metro project, which will start at Belapur. When finished, this line will be 11 kilometres long and have 11 stops. The project is expect to cost Rs 1,985 crore to build.

The benefit of metro connectivity in Kharghar, a centre for education in Navi Mumbai, would free up the students who attend schools and institutes located in Kharghar and its surrounding communities from the everyday hardships of long commutes. Belapur, on the other hand, is Navi Mumbai’s commercial and private enterprises, making it the region’s business centre. This area has evolved into a sought-after location for luxury property as a result of the existence of good social facilities and connecting characteristics. The demand for houses in this area will increase even more as a result of the future metro route.

 

Station name Localities to be impact
CBD Belapur Terminal Sectors 1, 2, CBD Sector 3
CBD Belapur Sector 7 Sector 4, 5,6, Swami Vivekanand Nagar
CIDCO Science Park, Kharghar Sector 11, 13, 20 and 28
Utsav Chowk, Kharghar Sectors 4, 5 and 7
Sector 11, Kharghar Sec 7, 6, 16 and 20
Sec 14, Kharghar Sector 13, 16, 17, 19 and 20
Central Park, Kharghar Kharghar Golf Course
Pethpada, Kharghar Sectors 26, 27, 31 and 32
Sector 34, Kharghar Sectors 33, 32, 34B, 34C and 36
Panchanand Taloja Sectors 17, 20, 23 and 24
Pendhar Terminal Taloja Sectors 19, 20 and 23

 

 

Phase 2

A 10 km segment of the Line 1 of the Navi Mumbai Metro would be connected from MIDC Taloja to Khandeshwar by this phase, which is expected to cost Rs 1,500 crore and have eight stops. In areas like Taloja and Kharghar, accessibility to local transportation is a significant problem, The everyday commuters will greatly benefit from this service. Additionally, the railway station is located 12–13 km away from these areas, which is advantageous for those who rely on trains as their primary mode of transportation. According to experts, the metro line from Khandeshwar to the airport’s Panvel side would be extended once again. Khandeshwar, Sector 10, Kamothe, Sector 2E, 13 and 7E in Kalamboli, Kasadi, MIDC Station 1 and MIDC Station 2 are among the stations that will be serve by phase 2.

 

Mumbai Navi 3rd Metro Phase

Two corridors will be built as part of this phase between Pendhar and MIDC. Creating a circle that connects Belapur and Khadeshwar. The two kilometre length would cost an estimated Rs 574 crore.

The Navi Mumbai Metro Lines 2 and 3 are anticipated to get funding from the local municipal council in the upcoming years, with around half of the building work already finish. Residents will feel a great deal of comfort from the government’s current efforts to improve the train line between Mumbai. Navi Mumbai, and Thane since it will relieve pressure on the already-existing suburban railway network and lessen traffic congestion. Navi Mumbai Metro Route

 

 

 


 

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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. Navimumbaihouses.com does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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