Mumbai commuters are set to travel more easily in and around the city, following the launch of the new Mumbai Metro Lines 2A and 7 today by Prime Minister Narendra Modi. The Metro rails, which reportedly cost around Rs 12,600 crore to build, will start their operations post inaugurations at 7 pm today.

The Prime Minister will also lay the keystone for projects worth around Rs 38,800 crore. Following the opening ceremonies, both lines will be open for passengers from January 20, 2023.

Reports also say the Prime Minister will also take a metro ride after the inauguration.

The metro line 2A goes from Dahisar East to DN Nagar in Andheri West, while line 7 goes from Dahisar East to Gundavali in Andheri East. Line 2A is about 18.6 km long with 17 stops, while Line 7 is 16.5 km long with 13 stops.

The Mumbai metro line 2A will connect with Metro Line 1 (Ghatkopar to Versova), the already running Metro Lines 2B (D N Nagar to Mandale) and Line 7 (Andheri East to Dahisar East), as well as Metro Line 6. (Swami Samarth Nagar to Vikhroli). This project will likely help reduce traffic on one of the busiest roads in Mumbai, the New Link Road, which runs from Dahisar East to DN Nagar.

Meanwhile, Metro Line 7 will connect the existing Western Express Highway, Metro Line 1 (Ghatkopar to Versova), the ongoing Metro Line 2A (Dahisar to D N Nagar), and Metro Line 6. (Swami Samarth Nagar to Vikhroli). It will let people move between Central Mumbai and the northern suburbs of Mumbai.

How will this affect Real Estate in Mumbai?

Because of better connectivity and facilities, as well as reduced travel time on the roads, the Mumbai Metro has, up to this point, had a favorable influence on property prices in Mumbai. Experts in real estate believe that the metro will continue to impact real estate price trends in a variety of neighborhoods throughout Mumbai, as well as on the city's overall property pricing. By enhancing connection throughout the city, the two additional lines will have a constructive influence on the growth of the city's real estate market.