Mumbai monorail to be launched soon

An infrastructure project always impacts property prices in the project linked localities. The monorail project too has already driven up real estate prices. The commute time between Chembur and Wadala will be reduced by 21 minutes after the first line of the monorail project is complete

The project after getting launched would impact the property prices too in the area. As of now, property prices have really gone up and also travel time between Wadala and Chembur will reduce by 21 minutes after the Wadala-Chembur Monorail line is complete.
With price appreciation, 2 and 3 BHK apartments in Chembur are sold at Rs 12,000-16,000 per sq ft while rental value for 2-3BHK apartments varies between Rs 18,000-25,000.
Also, experts claim that areas falling on the Chembur-Wadala stretch such as Tilak Nagar, Kurla, Chunabhatti, JTD Nagar and Wadala Junction will witness a price appreciation of least 20% after the monorail dots in.