Mumbai Metro expansion fuels rent hikes near BKC-Worli

The newly operational Phase 2 of Mumbai Metro Line 3, connecting Bandra Kurla Complex (BKC) to Worli, has triggered notable increases in rental prices across nearby localities. Data from Magicbricks, a real estate company, reveals that rents along this corridor have surged by up to 2.37% within a month of the metro's inauguration.

Among the affected localities, Mahim and Sion (near the Dharavi Metro Station) recorded the steepest increases, with rents rising by 2.37% and 1.78%, respectively. Dadar saw a 1.47% hike, while Worli and Prabhadevi rents grew by 1.32% and 1.06%.

The trend mirrors similar patterns observed along the previously operational BKC-SEEPZ stretch of Metro Line 3. Between March and May 2025, rents in Santacruz rose by 2.15% (from ₹138.4 per square foot to ₹141.4 per square foot), followed by BKC with a 1.78% increase (₹128.9 psf to ₹131.2 psf). Marol rents climbed by 1.67%, moving from ₹70 psf to ₹71.2 psf.

This data highlights the impact of improved metro connectivity on Mumbai’s rental market. The metro not only reduces commuting time but also enhances the desirability of localities near metro stations. Analysts believe these well-connected areas will continue to see upward pressure on rents as infrastructure projects expand across the city.

As Mumbai gears up for further metro line expansions, renters and property investors alike are likely to keep a close watch on emerging connectivity hubs, underscoring the interplay between infrastructure growth and urban real estate trends.