The Panvel-Virar Corridor Will Add New Hotspots To Mumbai
The Virar Panvel Corridor, which will link west and east Mumbai, will increase opportunities in a variety of ways. To understand more about this initiative, continue reading. The MRVC intended to build a new suburban rail line as part of Mumbai Urban Transport Project 3A. The approximate cost of this Virar Panvel Corridor between Virar and Panvel is Rs 6,500 crore (MUTP 3A). But the project had to be put on hold due to a lack of funds. It is unclear whether this programme will be run alone or in conjunction with another project.
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Mumbai’s version of the Silk Route, the Virar Panvel Corridor will link the far west and east. For individuals wishing to relocate outside of the overpopulated regions of the city, it will also introduce a new suburb.
The Virar-Panvel Corridor route
Between Panvel and Virar, the railroads planned the Virar Panvel Corridor to link Mumbai’s west (Virar) & Far East (Panvel) (Navi Mumbai). In response to an order from the Center to railroad officials, it was decided. Finding ways to lessen traffic and make more room for housing construction was the goal. Every time a new rail line connection was made, Mumbai expanded.
The Mumbai Metropolitan Region Development Authority (MMRDA) has also been asked by the railroads to look at the possibilities of a transit-oriented development (TOD). A TOD is a high-density mixed-use development that offers social services, employment opportunities, and housing close to transportation hubs.
The Virar Panvel Corridor will link two incredibly dissimilar suburbs. The folks who continue to relocate to the city every year will have extra living space thanks to this.
Principal Benefits of the Virar-Panvel Corridor
- The location of Panvel in Navi Mumbai is advantageous because Cidco built one of the best constructions in this well-planned neighbourhood.
- The envisioned international airport at Navi Mumbai is only a 20-minute drive from Panvel.
- Gujarat’s border is not far from Virar. One of the stops of the envisioned bullet train to Ahmedabad will be there.
Project benefits: Virar Panvel Corridor
- An area’s real estate market is impacted by its access to airports, buses, & train networks.
- Mumbai neighbourhoods like Dombivli, Kharghar, & Virar have profited from the Virar Panvel Corridor’s suburban train network.
- These areas have recently emerged as popular neighbourhoods.
- Due to the increase in inexpensive townships and residential structures, Dombivali, which was formerly a sleepy area, is now comparable to CST in terms of foot traffic. The monorail project is also likely to be popular in the area. Once the project is finished, the demand for residential spaces in this area will surge.
- There are many godowns and warehouses in the Vasai-Virar region. However, the development of housing developments in the area has been constrained by the absence of a densely populated metropolitan corridor.
- The Virar-Vasai-Panvel line was authorised by NITI Aayog in 2016. A significant initiative called the Virar Panvel Corridor aims to increase connection and value of nearby real estate.
- This enormous project will take up over 85% of the whole funding allotted for Mumbai Urban Transport. Kalamboli, Kharbao, Diva, Bhiwandi, & Vasai would all be on the route. These suburbs would be linked to the metropolis via that.
- Experts claim that the project has the potential to develop a new urban cluster between Virar & Panvel.
- Thus, hotspot development is imminent in Kharbao, Kalamboli, Bhiwandi, Diva, & Panvel. When the railway line is finished, that would bring in money.
Virar Panvel Corridor’s Potential Benefits for the Region
More convenient access: When completed, the planned Virar Panvel Corridor will make it simple to reach the proposed Navi Mumbai International Airport. Additionally, it will expeditiously connect Uran, Mumbai, & Thane. The inhabitants of communities including Vasai, Kharbao, Kalamboli, Diva, Bhiwandi, and Shilphata will now have entry to some of Mumbai and Thane’s most well-liked districts as a result.
Commercial space needs will rise: The Vasai-Virar district has a range of planned malls, retail spaces, & office spaces at affordable pricing. Commercial space demands will increase. But due to poor connectivity, they are unable to draw in any customers. The new road will uplift the community by luring businesses and generating jobs. It could serve as a manufacturing hub for many companies with better connections.
Increase in demand for housing: In spite of the fact that there were many affordable homes available in Bhiwandi, Kalamboli, Panvel, Diva, & Kharbao, buyers were reluctant to purchase properties in the area. This was brought on by a lack of connectivity. The neighbourhood will experience tremendous expansion as a result of the rail connection. It will help to increase consumer confidence and increase demand for business space.
The Virar Panvel Corridor is concluded
The number of manufacturing and IT businesses will rise as a result of the Virar Panvel Corridor suburban railway. The housing market in the Navi Mumbai neighbourhoods will also grow as a result. Generally speaking, connection plays a part in the expansion of a region’s real estate market. Initiatives for the metro, suburban rail and Mumbai real estate have already advanced the suburbs.
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