MUMBAI

METROPOLITAN
REGION (MMR)
The crown jewel of India
 MMR’S TRANSFORMATION:
THE BIG INFRA PUSH
• Since 2014, Rs. 1.87 lakh crore is being invested across transport infrastructure projects in MMR
• 246 km of metro lines and 68 km of road projects are in various stage of construction
REAL ESTATE IMPACT OF SUCH
MAMMOTH IMPETUS TO
INFRASTRUCTURE
Help sustain MMR’s growth; most regions of MMR will come in a
ring of metro networks

Markets which were languishing or losing out on occupier interest

due to lack of MRTS networks will witness demand

Will open up new markets

Future development will be guided by infrastructure corridors

Improve connectivity; drastic reduction in travel time

 ANALYSING
THE REAL ESTATE
IMPACT
OBJECTIVE OF THE STUDY-
To identify the key impact markets which are likely to witness greater real estate traction.

Methodology for identifying key impact

markets along the project corridor-
1. Evaluate the catchments along the upcoming MRTS corridor
2. Identify catchments which are currently lacking connectivity
3. Assess the connectivity scenario of those catchments after the MRTS project is operational
4. Evaluate the scope for real estate traction in that catchment based on
i. Availability of land for greenfield development or
ii. Scope for greater real estate traction via redevelopment

Note: The objective of the study is to identify key impact markets from the perspective of potential for heightened real estate traction (i.e. demand and supply). The objective
and methodology are not intended to gauge the scope for price appreciation in our earmarked key impacts markets as it is based on a different set of parameters which is
not covered as part of this report.
 MMR
Thane

2
INFRASTRUCTURE
TODAY
Mumbai Suburbs 6
8 1- Metro Line 1 Versova - Andheri - Ghatkopar
1

2- Western Express Highway

3 5
3- Western railway (Mumbai Suburban Railway)
7

4- Central Railway (Mumbai Suburban Railway)

Navi Mumbai
4
5- Bandra Worli Sea Link

6- Eastern express Highway

Mumbai 7- Harbour line (Mumbai Suburban Railway)

8- Thane-Panvel (Mumbai Suburban Railway)

 PROJECTS LIKELY
TO BE COMPLETED BY 2022
Note: The official deadline indicated by authorities may vary from our estimates,
but the categorization timelines that we are indicating is based on ground progress
 METRO LINE – 2A | DAHISAR  DN NAGAR | 18.589 KM (ELEVATED)

Goregaon Metro

Mahavir Nagar
Bangur Nagar
Adarsh Nagar
Shastri Nagar

Kamraj Nagar

Rushi Sankul

Anand Nagar
Malad Metro
Kasturi Park
D.N. Nagar

I.C. Colony
Don Bosco
Charkop

Shimpoli

Dahisar
Eksar
Completion by – second half of 2020 (official deadline)

Population impact : Daily ridership of 407,000 by 2021 and 609,000 by 2031

KEY IMPACT MARKETS

1. Malad metro station - Kasturi Park metro station belt

2. Charkop and Ekta Nagar

Key catalysts-
 50-75% reduction in travel time
 Malad-Kasturi Park metro station belt: Availability of land parcels for development
o Around 11 mn sq ft of office supply can be expected
 Charkop and Ekta Nagar: Availability of slum and industrial land parcels for redevelopment

x Metro Interchange
 METRO LINE – 7 | DAHISAR  ANDHERI EAST | 16.475 KM (ELEVATED)

Andheri (East)
JVLR Junction
Dahisar East

National Park

Pushpa Park

Shankarwadi
Pathan Wadi
Mahindra &
Magathane

Bandongri

Mahanand
Mahindra
Devipada
Ovripada

Aarey
Completion by – second half of 2020 (official deadline)

Population impact : Daily ridership of 528,000 by 2021 and 668,000 by 2031

KEY IMPACT MARKETS

1. Vacant land parcels near Mahanand Metro Station

2. Slum clusters in Malad East to Kandivali East belt

3. FCI warehouses in Borivali

Key catalysts-
 50-75% reduction in travel time
 Vacant land parcels near Mahanand Metro Station
o Office supply upwards of 10 mn sq ft can be expected
 FCI warehouses in Borivali:
o Real estate supply upwards of 18 mn sq ft can be expected provided required policy level changes are made
x Metro Interchange
 METRO LINE – 3 | COLABA  BANDRA  SEEPZ | 33.5 KM (UNDERGROUND)

International Airport
Science Museum

Domestic Airport
Hutatma Chowk

Mumbai Central
Vidhan Bhavan

Acharya Atrey
Cuffe Parade

Siddhivinayak

Aarey Depot
CSMT Metro

Marol Naka
Sahar Road
Grant Road
Churchgate

Mahalaxmi

Shitaladevi

Vidyanagri
Kalbadevi

Santacruz
Girgaon

Dharavi

SEEPZ
Chowk

Dadar

MIDC
Worli

BKC
Completion by – Phase 1 (i.e. SEEPZ to Bandra route) to start operations by 2021 (official deadline)

Population impact : Daily ridership of 1,600,000 by 2031

KEY IMPACT MARKETS

1. Marol-MIDC belt

2. Undeveloped mill land parcels in Lower Parel

3. BKC

4. Dharavi

Key catalysts-
 Connects 6 business districts, 2 airports and 30 educational institutions
 Marol MIDC belt: Old industrial galas and units will make way for commercial through redevelopment
 BKC: First MRTS project to bring in connectivity inside BKC
o Office supply upwards of 8 mn sq ft can be expected
 Dharavi:
x Metro Interchange o Availability of slum clusters for redevelopment will help Dharavi convert into a commercial hub outside BKC
 TRANS HARBOUR LINK | SEWRI  NHAVA SHEVA | 21.8 KM (ELEVATED)
SEWRI CHIRLE

Completion by – 2022 (official deadline)

Vehicles impacted : 39,300 vehicles are expected to use this bridge everyday by 2022, 100,000 vehicles by 2032 and 150,000 by 2042

KEY IMPACT MARKETS

1. Chirle

2. Ulwe

Key catalysts-
 Travel time reduced to 20 minutes
 Chirle: Availability of abundant land for greenfield development
o The upcoming Ranjanphada suburban railway station
under MUTP III will future improve the prospects of this
region
 Ulwe:
o Given the scope of greenfield and existing development,
the region would witness further traction once this link is
operational
 2A

MMR
7
INFRASTRUCTURE
IN 2022

METRO LINE – 2A METRO LINE – 3 | COLABA

2A DAHISAR  DN NAGAR 3  BANDRA  SEEPZ |
18.589 KM (ELEVATED) 33.5 KM (UNDERGROUND)

TR

3
METRO LINE – 7 | DAHISAR TRANS HARBOUR LINK
7  ANDHERI EAST | SEWRI  NHAVA SHEVA
16.475 KM (ELEVATED) TR
21.8 KM (ELEVATED)
 2A
MMR
7 INFRASTRUCTURE
IN 2022 WITH KEY
IMPACT MARKETS

METRO LINE – 2A METRO LINE – 3 | COLABA

2A DAHISAR  DN NAGAR 3  BANDRA  SEEPZ |
18.589 KM (ELEVATED) 33.5 KM (UNDERGROUND)

TR

3 METRO LINE – 7 | DAHISAR TRANS HARBOUR LINK

7  ANDHERI EAST | SEWRI  NHAVA SHEVA
16.475 KM (ELEVATED) TR
21.8 KM (ELEVATED)
 PROJECTS LIKELY TO BE
COMPLETED
BETWEEN 2023-2030
Note: The official deadline indicated by authorities may vary from our estimates,
but the categorization timelines that we are indicating is based on ground progress
 METRO LINE – 2B | D N NAGAR  MANDALE | 23.643 KM (ELEVATED)

Nanavati Hospital

Diamond Garden
National College
Saraswat Nagar

S G Barve Marg

Kurla Terminus

Shivaji Chowk
Bandra Metro
Khira Nagar
Indira Nagar

IL&FS, BKC

MTNL, BKC
Prem Nagar
ESIC Nagar

Kurla (East)
D.N. Nagar

Mankhurd
ITO, BKC

Chembur

Mandale
MMRDA

BSNL
EEH
Completion by – 2022 (official deadline)

Population impact : Daily ridership of 890,000 by 2021 and 1,049,000 by 2031

KEY IMPACT MARKET

1. BKC

Key catalysts-
 Once complete, Metro Line 2 will be the longest metro line of MMR having a total length of 42.23 km
o Will have interchange with 6 other metro lines, providing access to most regions of Mumbai
o 50-75% reduction in travel time
 BKC: 2nd MRTS projects after Metro Line 3 to bring in MRTS right inside BKC
o Office supply upwards of 8 mn sq ft can be expected
o Will connect dense and established residential catchments of Western suburbs to BKC
x Metro Interchange
 METRO LINE – 4 | THANE (KASARVADAVALI)  WADALA | 32.32 KM (ELEVATED)

Amar Mahal Junction

Bhandup Mahapalika
Dr Hedgewar Chowk

Anik Nagar Bus Dpt

Mulund Fire Station

Bhakti Park Metro

Teen Haath Naka
Cadbury Junction

Maharana Pratap
Mahapalika Marg

Siddharth Colony
Godrej Company

Shreyes Cinema
Bhandup Metro
Kasarvadavali

Lakshmi Nagar

Garodia Nagar
Naval Housing
Tikuji-Ni-Wadi

Gandhi Nagar

Suman Nagar
Vikhroli Metro
Dongari Pada
Vijay Garden

Surya Nagar
Kapurbawdi

RTO Thane

Pant Nagar

TT
Wadala TT
Majiwada

Shangrila
Manpada

Wadala
Completion by – 2022 (official deadline)

Population impact : Daily ridership of 870,000 by 2021 and 1,231,000 by 2031

KEY IMPACT MARKETS

1. Wadala truck terminus

2. Kasarvadavali to Gaimukh belt

Key catalysts-
 2nd longest metro line of MMR
o Will have interchange with 6 other metro lines, providing access to most parts of Mumbai
o First MRTS project for the upcoming residential catchments along Ghodbunder Road in Thane
 Wadala truck terminus: Brought under the SPA of MMRDA in order to be developed on the lines of BKC
o Real estate supply of around 50 mn sq ft can be expected if FSI is same as BKC
x Metro Interchange  Kasarvadavali to Gaimukh belt: Availability of land for greenfield development
 METRO LINE – 5 | THANE  BHIWANDI  KALYAN | 24.9 KM (ELEVATED)

Sahajanand Chowk
Dhamankar Naka

Govegaon MIDC
Rajnouli Village

Kalyan Ral Stn

Kalyan APMC
Gopal Nagar
Kapurbawdi

Durgadi Fort
Anjurphata

Bhiwandi

Kongaon
Temghar
Kasheli

Kalher

Purna
Completion by – 2022 (official deadline)

Population impact : Daily ridership of 223,900 by 2021 and 302,500 by 2031

KEY IMPACT MARKETS

1. Temghar to Kongaon belt

2. Kalher-Anjurphata-Bhiwandi belt

Key catalysts-
 First MRTS project for the Bhiwandi market: Can transform Bhiwandi into an affordable housing destination
 Temghar to Kongaon belt: Availability of land for greenfield development
 Kalher-Anjurphata-Bhiwandi belt: Availability of warehouses for redevelopment

x Metro Interchange
 METRO LINE – 6 | LOKHANDWALA  VIKHROLI (EEH) | 14.477 KM (ELEVATED)
Swami Samarth Nagar

Kanjurmarg (West)
Jogeshwari (West)

Mahakali Caves

Saki Vihar Road

SEEPZ Village

Vikhroli (EEH)
Adarsh Nagar

Shyam Nagar

Powai Lake
Rambaug

IIT Powai
JVLR
Completion by – 2022 (official deadline)

Population impact : Daily ridership of 400,000 by 2031

KEY IMPACT MARKETS

1. Vacant land parcels near Mahakali Caves Metro Station

2. Industrial units in SEEPZ-Powai belt

3. Vacant land parcels in Kanjurmarg

Key catalysts-
 First MRTS project passing through the established office and residential catchments along JVLR
 Vacant land parcels near Mahakali Caves Metro Station
o Real estate supply upwards of 7 mn sq ft can be expected
 Industrial units in SEEPZ-Powai belt
o Real estate supply upwards of 15 mn sq ft can be expected
 Vacant land parcels in Kanjurmarg
o Real estate supply upwards of 10 mn sq ft can be expected
x Metro Interchange
 METRO LINE – 10 | GAIMUKH (THANE)  SHIVAJI CHOWK (MIRA ROAD) | 9.209 KM (ELEVATED)

Shivaji Chowk
(Mira Road)
Reti Bunder

Char Phata

Kashimira
Gaimukh

Gaimukh

Varsova
Completion by – March 2022 (official deadline)

KEY IMPACT MARKETS

1. Kasarvadavali to Gaimukh belt

2. Kashimira

Key catalysts-
 First MRTS project for this region which is located in an isolated part of MMR
 Kasarvadavali to Gaimukh belt: Availability of land for greenfield development
 Kashimira: Availability of land for greenfield development

x Metro Interchange
 METRO LINE – 12 | KALYAN  TALOJA | 20.7 KM (ELEVATED)

Dombivali MIDC
Kalyan APMC

Ganesh Nagar

Pisarve Depot
Pisvali Gaon

Sonarpada

Hedutane

Kolegaon
Manpada

Vadavali
Sagaon
Golavali

Pisarve
Waklan

Turbhe

Taloja
Bale
Completion by – March 2024 (official deadline)

Population impact : Daily ridership of 192,420 by 2031

KEY IMPACT MARKETS

Sagaon to Pisarve belt which includes locations like:

1. Sonarpada 4. Kolegaon 7. Waklan

2. Manpada 5. Vadavli (khu) 8. Turbe

3. Hedutane 6. Bale 9. Pisarve

Key catalysts-
 First MRTS project of MMR which will precede development
 The corridor would be developed on the lines of Transit-Oriented-Development (TOD)
jointly by MMDRA and CIDCO

x Metro Interchange
 MMR
INFRASTRUCTURE
IN 2030
Mumbai Metro

W 1 6

C 2A 7

H 2B 9

C 3 10

TH 4 11

N1 5 12
 MMR
INFRASTRUCTURE
IN 2030 WITH KEY
IMPACT MARKETS
Mumbai Metro

W 1 6

C 2A 7

H 2B 9

C 3 10

TH 4 11

N1 5 12