Dahisar Will Get Benefit Of Metro Line
Mumbai Metro Line II, also called Metro II may be extended beyond Charkop upto Dahisar. The Maharashtra Chief Minister has given an approval for the extension of the Charkop-Bandra-Mankhurd metro line to be extended up to Dahisar.
Mumbai Metro II
The second line of Mumbai Metro at this point is planned between Mankhurd and Charkop via localities of Shivaji Chowk, SG Barve Marg, Kurla, Complex Road, Bharat Nagar, Income Tax Office, Bandra, Khar, Arya Samaj Chowk, Nanavati Hospital, Vile Parle, Juhu, JVPD, ESIC Nagar, DN Nagar, Shastri Nagar, Samarth Nagar, Oshiwara, Bangur Nagar, Kasturi Park and Malad. It will be 39 km long and will have 27 stations along the route. The Mumbai Metropolitan Region Development Authority (MMRDA) had selected Reliance Infrastructure to carry out this project.
The state is planning to construct the line completely underground. The estimated cost of the project is approximately Rs. 11,000 crore. The Central government will be funding 20% of the total cost of the project while the rest will be divided between the state government and Reliance Infra.
Challenges for Metro II
Construction of this line was supposed to begin in August 2010 and was expected to be completed by mid-2013. However, construction work had not commenced even in December 2012 due to multiple challenges such as high construction costs and unavailability of land. Hence, the state government planned to cancel the second line. However, the challenge of land unavailability has been overcome. Hence, while keeping the plans of the second line still alive, the state government has approved to also extend the line to Dahisar.
Effects on real estate
The second metro line will connect the eastern and western suburbs of Mumbai. Currently, eastern suburbs such as Mankhurd have lower property prices compared to their western counterparts as the infrastructure is not as good as the western suburbs. With the metro line, connectivity between the two ends of Mumbai will greatly improve. As a consequence, property prices in the eastern suburbs can be expected to go up. While prices have already seen a hike in these suburbs due to anticipation of the metro, there will be a further spike in the prices when the actual construction begins.
