All You Need To Know About Mumbai Metro Line-I
Mumbai witnessed the launch of its first Metro project in 2014 when the Line-I of the Mumbai Metro System became operational, eight years after its conceptualisation. Development of this rapid transit system came in as a breather for the city, which is home to over 20 million people by decongesting the existing suburban railway network. For decades, an average Mumbaikar’s daily life had been one of struggle for space and hectic local train journeys.
The commissioning of the project had resulted in growth across several micro markets with residential and commercial properties selling at premium prices. It augmented the intra-city connectivity by reducing the travel time between the eastern and western suburbs from 90 minutes to only 25 minutes.
Here are some facts about the Mumbai Metro Line-I:
The elevated corridor spans a total length of 11.4 kilometres and connects Versova in the west to Ghatkopar in the east. It comprises 12 stations namely Versova, D N Nagar, Azad Nagar, Andheri, Western Express Highway (WEH), Chakala, Airport Road, Marol Naka, SakiNaka, Asalpha, Jagruti Nagar and Ghatkopar.
The entire Mumbai Metro project has an estimated cost of $10 million while the construction cost for the Line-I came out to be around Rs 4,300 crore against the projected cost of Rs 2,356 crore.
The fares were initially set between Rs 10 to Rs 40 while the estimated daily ridership is around 10 lakh. In 2017, the fares were revised for return journey tickets (RJTs) and store value pass (SVPs).
The project has wastewater treatment and high-capacity recycling systems, developed by US-based company. Moreover, the trains run on alternative electric current which is cost-efficient
The state-of-the-art Metro train will initially have four air-conditioned coaches with a passenger capacity of 1,100 persons. It would be expanded to six coaches later with a capacity to carry 1,650 passengers. The train could take over 200 trips in a day, at four minutes’ interval during peak hours, with the average speed ranging between 40 km/h to 80 km/h.
The project is built on the lines of the London Metro System while the railcars have been manufactured in China. The signalling and communications systems of the metro have been developed by technology giant, Siemens and French company, Thales Group, respectively. Other features include 3D route maps, LCD screens and disabled-friendly facilities.
Real Estate impact
Compared to the upscale residential destination, Versova, it was the micro markets around Andheri East and Ghatkopar which garnered maximum benefits from this infrastructure development. Once the construction began, it fuelled real estate developments along the entire Versova - Andheri - Ghatkopar corridor with a significant price hike in Andheri East from at Rs 14,000 per sq ft in 2013 to Rs 17,700 per sqft in 2017. The Line-I stretch passes through several bustling employment hubs of Andheri East and the capital values of some under-construction properties witnessed a price appreciation of around 20 per cent in recent years. Andheri East offers a mix of properties from the affordable bracket of Rs 50-70 lakh to plush homes of over Rs 3 crore. While the locality already enjoys proximity to the international airport, the Metro project magnified the impact as a new growth driver.
The government of Maharashtra gave its nod for the project in 2004. Owing to land issues, the project could not start until February 2008 when the foundation stone was finally laid by former prime minister Manmohan Singh. Trial runs on the corridor were conducted in June 2013, and the project finally became operational on June 8, 2014.
The project has been built a public-private partnership model. A special purpose vehicle - Mumbai Metro One Private Limited - a joint venture between Reliance Infrastructure, French-based Veolia Transport and the Mumbai Metropolitan Region Development Authority (MMRDA) was developed to handle the operations.