Following the expansion pf underground Metro Line 3 Phase 2 (BKC to Worli) from existing Aarey to BKC, localities along the corridor have witnessed notable rental growth, according to Magicbricks data.
Between April to May 2025 Mahim and Sion (near Dharavi metro station) saw the highest increase at 2.37% and 1.78%,respectively, followed by Dadar (1.47%), Worli (1.32%), and Prabhadevi (1.06%).
Meanwhile, rents have also been rising steadily along the earlier operational BKC–SEEPZ stretch of Metro Line 3. Between March and May 2025. Santacruz recorded an increase in rents from Rs 138.4 psf to Rs 141.4 psf(2.15%), followed by BKC where rents increased from Rs 128.9 psf toRs 131.2 psf (1.78%) and Marol where rents increased from Rs 70 psf to Rs 71.2 psf (1.67%).
The trends highlights how improved metro connectivity is influencing rental patterns across Mumbai. And as infrastructure continues to expand, well-connected localities will see the growth experts believe.
Anand Gupta, Chairperson of housing and RERA committee of Builders Association of India agrees that expansion of metro is impacting the real estate market. He said, “ With metros coming up several cooperative housing societies are undergoing for redevelopment. They are taking benefit of the connectivity and definitely developers are also showing up interest in those projects. This has led to residents of redevelopment projects are opting of rental houses. Besides, the younger generation who do not wish to own a house is also emerging.“
