Two Metro Corridors Dahisar-D.N Nagar Dahisar-Andheri East boost to realty business
Two Metro Corridors Dahisar-D.N Nagar Dahisar-Andheri East boost to realty business
The Two Mumbai Metro 2A & 7 lines Dahisar-D.N.Nagar and Dahisar-Andheri(East) flagged off by Prime Minister Narendra Modi on 19 January, is a big boost to real estate business.
According to Real estate developers, the corridors will not only decongest suburban roads but will also boost the property market along the routes.
In terms of commercial properties, the average price in Dahisar to Andheri market ranges between Rs 20,000 and Rs 1 lakh per sq ft. However, the pricing depends from location to location.”
Developers such as Lodha, Oberoi, and Rustomjee have projects along the Dahisar to Andheri belt.
The per month rental rate for the Dahisar to Andheri micro-market is Rs 25,000 to Rs 60,000 for a 2-BHK apartment having average size of between 600 to 800 sqft of carpet area, according to local brokers.
As per local traders, the monthly rental for 500 sqft of office space in a commercial building will be between Rs 100 per sqft and Rs 300 per sqft in the Dahisar to Andheri micro markets.
The two Metro lines will also pass via several Secondary Business Districts (SBDs) in Malad, Goregaon, Andheri, and Borivali which is picking up pace as a commercial market. It will take not more than 30 minutes for a person residing in Dahisar or Andheri to reach these SBDs using the two new Metro corridors.
News Input K.V.Raman
