Mumbai Metro Line 2B Phase 1 Nears Launch, Set to Boost Eastern Suburbs Real Estate

Mumbai’s eastern suburbs are set for a real estate surge as Phase 1 of Metro Line 2B moves closer to commercial operations. The Mumbai Metropolitan Region Development Authority (MMRDA) confirmed that all mandatory rectifications are complete, and the Commissioner of Metro Railway Safety (CMRS) has carried out inspections.

Phase 1 spans 5.39 km between Mandale and Diamond Garden, with five stations. It forms part of the larger DN Nagar–Mandale Metro corridor, a critical east-west link designed to ease road congestion and improve suburban connectivity. Passenger services are expected to begin by December 2025 once CMRS certification is granted, with the full corridor scheduled for completion in 2027.

Industry experts say the new metro line will be a catalyst for real estate growth in Chembur, Mankhurd, Wadala, and other eastern suburb nodes.

“Transit infrastructure is one of the most powerful triggers for real estate appreciation. With Metro Line 2B Phase 1 going live, we foresee increased demand for homes and commercial spaces near stations, better rental yields, and renewed interest from developers for transit-oriented projects,” said a senior industry analyst.

Adding to this, a spokesperson for Chandak Group said, “Chembur and its surrounding micro-markets continue to witness healthy demand for quality housing. The upcoming operationalization of Metro Line 2B is expected to significantly improve connectivity to key employment hubs, which in turn will enhance buyer sentiment, trigger fresh launches, and support faster inventory absorption across segments. Since the launch of Chandak Highscape City in Chembur (E), we have observed strong traction from both end-users and investors, and anticipate this demand to further strengthen as infrastructure upgrades take shape.”

Properties around the five Phase 1 stations are expected to command higher prices due to enhanced accessibility and reduced commute times. Adjoining localities could see heightened interest as improved connectivity widens the catchment for homebuyers and tenants. Developers are likely to explore mixed-use projects and capitalize on potential Floor Area Ratio (FAR) relaxations near metro corridors. Improved connectivity typically drives rental appreciation, benefitting both investors and end-users. Ancillary upgrades such as feeder bus services, road improvements, and last-mile connectivity solutions are expected to enhance the overall livability of neighborhoods along the line.

While real estate experts anticipate a positive price trajectory, they caution that the full benefits will be realized over the next few years as operations stabilize and supporting infrastructure matures.