Piramal Realty would like to help you understand how the metro line 4 is proving to be the game-changer for Mulund’s real estate landscape, and how the Mulund Metro is going to benefit the residents of Mulund as well as those travelling or commuting via Mulund.
Credit: Wikipedia.org Metro Line 4: Key Connectivity Between Mumbai and Thane
Metro Line 4, which is also known as the Green Line, is a completely elevated corridor between Wadala in Mumbai and Kasarvadavali in thane. This line is approximately 32.32 kilometers long, and has about 32 metro stations on its route. Its foundation stone was laid in the year 2016, and it is estimated to be completed by December 2025. An extension to it, known as metro line 4A (Kasarvadavali to Gaimukh - approximately 2.7 km), is also underway, and it is designed to connect the metro line 4 to metro line 10 (stretching from Gaimukh to Shivaji Chowk in Mira Road).
This line passes through many strategically important areas of Mumbai and Thane such as Chembur, Ghatkopar, Bhandup, KanjurMarg, Mulund, Teen Haat Naka, Cadbury Junction, Majivada, Manpada, etc. It shall provide interconnectivity between Eastern Express Highway, Central Railway, Mono Rail, Metro Line 2B (D N Nagar to Mandale), and the proposed Metro Line 5 (Thane to Kalyan), Metro Line 6 (Swami Samarth Nagar to Vikhroli) and Metro Line 11 (Wadala to CSMT). A commuter can interchange to Metro Line 4A and Metro Line 10 at Kasarvadavali Station, Metro Line 5 at Kapurbawdi Station, Metro Line 6 at KanjurMarg (Gandhi Nagar) Station and Metro Line 2B at Amar Mahal Junction Station.
Benefits of Mumbai Metro Line 4 - Mumbai Transport Credit:
Credit: Wikipedia.org 1. Reduced Travel Time:
Metro Line 4 is expected to reduce the travel time between Wadala and Kasarvadavali by about 50%-75%. The current time required by commuters to cover this distance is between 60-75 minutes. Upon completion, metro line 4 shall bring this time down to 30-40 minutes, bringing about a significant relief to daily commuters.
2. Decongestion:
Roads in the Mumbai metropolis and the Mumbai suburban areas are always overcrowded and terribly congested. When the metro line 4 will become functional, a huge portion of the street traffic will be reduced, saving travellers a lot of time otherwise wasted due to traffic jams.
3. Improved Connectivity:
As we discussed how the Mumbai metro 4 is connected to other routes in Mumbai and the other metro lines, we understand how seamless the travel will be, after work on this line is complete and it is open to all.
4. Boost for economy:
Commercial establishments along important routes such as LBS Marg and others, which shall be connected with the Mumbai metro line 4 will definitely profit. In fact, new businesses and commercial establishments will come up following completion of work on this line.
5. Contribution to sustainable urban development:
Mumbai metro 4 will not only improve connectivity but will also reduce carbon footprint in the city by providing commuters with a cleaner alternative to buses, taxis, rickshaws, and private vehicles which are all a major source of pollution.
We shall now see how Mulund Metro will impact the real estate property market in Mulund.
Metro Line 4 Impact on Real Estate
1. Increase in demand for housing properties:
When a geographical region gets better connectivity to neighbouring areas and commercial hubs, market values of residential properties in the region tend to increase dramatically. This is a result of the improved infrastructure and the development opportunities that it brings along. Housing properties in Mulund are no exception to this trend. Homebuyers and developers are keen on making the most of this opportunity.
2. Demand for commercial properties will sky-rocket
It is apparent that commercial establishments and amenities will follow housing property developments, as the people who would plan to move in these areas will look for availability of services and proximity to amenities such as departmental stores, malls, shopping complexes, educational institutes, medical facilities, recreation parks, etc.
3. Value appreciation of properties
With infrastructure development comes a rise in demand for residential properties, leading to price appreciation over a period. Investors who buy properties with the view of selling them later at higher prices for profits do not miss the opportunity to invest in rapidly developing areas like Mulund.
4. Rise in demand for rental properties
Since improved connectivity brings a neighborhood closer to other parts of the city, a rise in demand for rented apartments is evident. Investors who eye properties for earning a rental income prefer locations that are seeing speedy development, thus yielding high rents.
5. Trend of shared living or co-living will grow
With the ever-rising demand and growing prices for housing properties in developing areas like Mulund, the trend of shared living or co-living which facilitates comfortable yet affordable living with shared amenities such as living spaces, gyms, study rooms, etc. will definitely see a growth.
6. All types of housing arrangements gaining popularity
Since the developments coming up along the metro line 4 and in the nearby areas are attracting masses belonging to different statuses and lifestyles, all types of housing or living arrangements are gaining demand. With increase in expendable income, the middle class, too, is eyeing luxurious apartments with smart home technologies and modern amenities. Along with demand for opulent spaces such as 3 bhk and 4 bhk houses, demand for compact and cosy properties such as studio apartments, 1 bhk+study or 2 bhk flats are also witnessing a constant growth in demand. One such development in Mulund is Piramal Revanta which has all the varieties of housing arrangements to choose from, based on your needs and preferences.
Frequently Asked Questions
How will Mumbai Metro Line 4 benefit Mulund residents?➕
The Mumbai Metro Line 4, also known as the Green Line, will provide faster and seamless connectivity between Mulund and major commercial and residential hubs like Wadala and Thane. It is expected to reduce travel time by 50%-75% and decongest roads. This enhanced connectivity will significantly improve the daily commute and add value to real estate in Mulund.
What is the status of Mumbai Metro Line 4?➕
The construction of Mumbai Metro Line 4, a 32.32 km elevated corridor, is currently underway and is expected to be completed by December 2025. An extension, Metro Line 4A, is also under development, connecting Kasarvadavali to Gaimukh.
How will Metro Line 4 impact real estate in Mulund?➕
The Mulund Metro is a game-changer for the area's real estate landscape. Improved connectivity is driving increased demand for both residential and commercial properties. Property values are expected to appreciate significantly, and the demand for rental properties is also set to rise, making Mulund a lucrative investment destination.
What are the key areas connected by Mumbai Metro Line 4?➕
Mumbai Metro 4 connects Wadala to Kasarvadavali and passes through important areas like Chembur, Ghatkopar, Bhandup, Kanjurmarg, Mulund, Teen Haat Naka, and Manpada. It integrates with other metro lines and key transportation hubs, ensuring efficient travel across Mumbai and Thane.
Will property prices in Mulund rise due to Metro Line 4?➕
Yes, the development of Metro Line 4 is expected to boost property prices in Mulund. With better connectivity and increased demand for housing and commercial spaces, property values are likely to appreciate, making it an attractive market for both homebuyers and investors.
How will commercial properties benefit from Mumbai Metro Line 4?➕
With the launch of Mumbai Metro Line 4, commercial properties along key routes such as LBS Marg are expected to thrive. Improved access will encourage the establishment of new businesses and amenities, meeting the needs of the growing population in Mulund and surrounding areas.
What are the environmental benefits of Mumbai Metro Line 4?➕
The Mumbai Metro 4 contributes to sustainable urban development by providing a cleaner alternative to traditional transport modes like buses and private vehicles. This will help reduce the carbon footprint and pollution levels in the city.
How does Mulund cater to diverse housing needs after Metro Line 4 development?➕
The upcoming development along Metro Line 4 in Mulund is drawing a diverse population. As a result, there is growing demand for all types of housing, including 1 BHK, 2 BHK, luxurious 3 BHK, and 4 BHK homes. Projects like Piramal Revanta offer a variety of configurations to meet these evolving demands.
How is the co-living trend related to Mulund Metro development?➕
With rising property prices and growing demand in developing areas like Mulund, co-living spaces have gained popularity. These shared housing arrangements offer affordable and comfortable living with shared amenities such as gyms, study rooms, and recreational areas, appealing to young professionals and students.
Disclaimer- The views expressed above are for informational purposes only based on industry reports and related news stories. Piramal Realty does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
