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the period of next 10 years. These will replace the old coaches that cause disruptions
frequently.
Further under MUTP-III, 20 suburban stations will be developed at a total cost of Rs 1,950
crore which will have an integrated transportation system wherein there will be a separate area
for auto rickshaws and taxi parking. Also, these stations will have a better ticketing facility along
with escalators, elevators and Foot Over Bridges (FOB).
The 20 stations are Virar, Bhayander, Mira Road, Borivali, Goregaon, Andheri, Bandra, Dadar,
Lower Parel, Mumbai Central on the western line; Shahad, Kalyan, Dombivli, Thane, Mulund,
Ghatkopar, Kurla, Dadar on the Central Main line and Chembur and Wadala on Harbour line.
An integrated rail-road six-lane corridor could come up along the CST-Panvel section. The state
plans to invest Rs10,000 crore to strengthen the rail network across Maharashtra.
Fadnavis said, Our plan is to integrate entire transport system and an end-to-end solution for
Mumbai passengers. If public transport is to be made popular, the passengers would have to be
provided ease of travelling. Why not a single ticket and connectivity where individual could hop
from BEST to local train to metros or taxis with smooth connectivity?
Harbour Line to get a fillip
As part of the initiatives announced for MUTP-III the Harbour line in Mumbai will receive a
major boost. According to railway officials, it will surpass the Western Railway (WR) in terms of
infrastructure and services in the next five years. The main attractions of the Harbour line will
be as follows:
The star attraction of the line would be the air-conditioned (AC) locals on the Harbour that are
a part of the MUTP-III.
Suburban railway in Mumbai is set to expand with the much-anticipated Seawoods to Uran
line. The entire line is about 27-km-long and will have 10 stations including Uran. The stations
on this line will include Seawoods, Sagar Sangam, Targhar, Bamandongari, Kharkopar, Gavhan,
Ranjanpada, Nava-Sheva, Dronagiri and Uran.
Along with AC coaches and the new line, Harbour will also get a new signalling system called
Communication Based Train Control (CBTC) on all its lines, from Panvel to CST and Panvel to
Thane. The system is unique as it will calculate and analyse the location of each train and will
have the exact safety figures to run trains during peak-hours.
Real estate impact
The projects sanctioned under the MUTP-III have seen a substantial rise in passenger density
over the last couple of years. According to estimates, more than 75 lakh people travel by
suburban railways in Mumbai. While the passenger numbers are rising but the existing lines
cannot be expanded due to space constraints. In such a scenario, expanding and integrating the
transport system of the city is imperative.
Apart from solving the commuting woes of Mumbais working population, these transport
initiatives are also expected to improve the real estate prospects of certain areas. One of the
prime beneficiaries will be the areas falling on the Harbour line. The upcoming areas in Navi
Mumbai will benefit directly from the 8 km link connecting Airoli to Kalwa. The improved
transport system will also give a much needed boost to areas around the 20 stations to be
developed under the MUTP-III.
Interestingly, few builders were seen selling their projects on the carpet area basis.
As expected, projects having 2 and 3 BHK units comprised more than 80 per cent of the overall
new supply. Projects with 1 BHK units increased from 7 per cent to 11 per cent this quarter as
against the previous.
Projects comprising of units in the Affordable segment also increased from 39 per cent in the
last quarter to 45 per cent in Q2. This could be due to the Housing for All campaign by the
present Central government.
About 95 per cent of the units launched in Q2 2015 are apartments while remaining are Villas
and Row Houses in Bangalore.
Thanisandra Main Road witnessed maximum new launches while HSR Layout had maximum
rental availability.
Interestingly, four out of five top Rental Yield localities catch mentare area s of ITITe/S
destinations. Areas like Kundalahalli, KR Puram and Sarjapur Road saw spillover of Whitefield
and Outer Ring Road markets while Hosur Road and HSR Layout witnessed the spillover of
Electronic City.
Source: CommonFloor.com
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