Mumbai Metro’s Line 4 Set To Boost Real Estate In Thane
Mumbai Metro’s Line 4: The proposed metro line between Mumbai and the neighbouring city of Thane is intended to improve communication and spur the growth of neighbourhood areas in the latter location, which will benefit the residential property market.
Thane, which is located on the northwest side of Mumbai, has prospered because of its proximity to Mumbai and relative affordability when compared to that city. The Maharashtra government has developed a number of transportation infrastructure projects in an effort to improve the connection between the two cities. The metro project is one of the most significant of these.
Are you looking flat for sale in Thane?
The State government announced the construction of Line 4 of the Mumbai metro to connect the city with neighbouring Thane as part of the MMR’s metro route expansion. The 32 km metro line between Wadala, Ghatkopar, Teen Hatha Naka, and Kasarvadavali is expected to cost $14,600 crore. 32 stations will be located along the route, which is scheduled to be finished by 2022, according to press sources.
Real estate veterans are certain that this project would improve Thane’s infrastructure and connections. The route will also be extended by the Mumbai Metropolitan Region Development Authority (MMRDA) from Kasarvadavali to Gaimukh Gaon. The residential and rental markets in Thane are anticipated to benefit from this service.
The most advantageous locations are residential developments and areas that are located within a 1 km radius of the proposed stations.
List of proposed metro stations on the route:
Bhakti Park (Wadala TT) – Wadala Truck Terminal – Anik Nagar Bus Depot – Suman Nagar – Siddharth Colony – Amar Mahal Junction – Garodia Nagar – Pant Nagar – Laxmi Nagar (Ghatkopar) – Shreyas Cinema – Godrej Company – Vikhroli – Surya Nagar – Gandhi Nagar (Kanjurmarg) – Naval Housing – Bhandup Mahapalika – Bhandup – Shangrila – Sonapur – Mulund Fire Station – Mulund Naka – Teen Hath Naka (Thane) – RTO Thane – Mahapalika Marg – Cadbury Junction – Majiwada – Kapurbawadi – Manpada – Tikuji-Ni-Wadi – Dongripada – Vijay Garden – Kasarvadavali
Mumbai Metro’s Line 4- Expected advantages
The 32 km segment of Mumbai Metro Line 4 is intended to span a distance of 27 km underground and 5 km elevate. Once this project is complete, 12 lakh people should benefit by 2022, enjoying a comfortable, quick, and air-conditioned travel. Residents of Andheri and Bandra Kurla Complex (BKC) who commute to Thane would also benefit from it. Currently, travelling to Thane by road or rail takes a lot of time and is inconvenient.
Following the implementation of this metro route, it will take 64 minutes to go from Wadala to Kasarvadavali. The metro corridor’s completion would ease city traffic congestion and lighten the load on the roads carried by private automobiles. Two car-depots at Owale in Kasarvadavali and Ghatkopar, measuring approximately 30 and 16 hectares. Respectively, have also been propose along with the metro.
Due to the projected metro route, areas like Kasavadavali, Teen Hath Naka, Mulund, Siddharth Nagar, Wadala. And Bhakti Park have begun to see increasing residential activity with a modest increase in capital values. “Property values will begin to rise as soon as work on the metro route gets underway. According to Kalpesh Patel of Ideal Properties, if someone buys in the residential market now. He can generally expect to make a handsome profit by 2022 (if the metro is complete on schedule).
You’re looking for Buy Home In Navi Mumbai we have the Best Buy Properties In Navi Mumbai Like Ready to Move & Nearby possession: https://navimumbaihouses.com/property/search/buy/navi-mumbai-all/