Mumbai has started battling traffic congestion on a day to day basis now. From buses to trains, overcrowding is becoming a nightmare for the authorities to handle. To make things easier for Mumbaikars, the Maharashtra Government is in plans to start an inland water transport services to ease traffic on roads and also to cut down the travel time between key areas of Mumbai.
The project is set to be in two phases.
The Plan for Phase-I is as follows:
The ferry service for Phase-I will ply between Kalyan, Thane, and Vasai. The route will be through the Vasai Creek with 11 planned stops such as Vasai, Mira Bhayander, Ghodbunder Village, Nagla Bunder, Kolshet, Kalher, Parsik, Anjur, Diva, Dombivli and Kalyan.
For initial operation, only 10 jetties will be in service with each jetty carrying 60 passengers and will cover a distance of 47 Nautical miles.
The total time for travel will be cut down to 70 minutes from the current time of 98 minutes.
For phase-II the proposed plan is as follows:
In phase-II, there are going to be two routes. They will connect Thane to Navi Mumbai and Mumbai.
The proposed two routes are:
- Thane- Kalwa-Airoli-Vashi-Trombay-Elephanta-Ferry Warf-Gateway of India
The Thane to Mumbai route will have 10 stops such as Thane, Kalwa, Vitawa, Mithbunder, Airoli, Vashi, Trombay, Elephanta, Ferry Warf, the Gateway of India.
The travel time is expected to be 55 minutes during peak hours with a projected ridership of 10,000. The total number of jetties for this route will 8.
The Thane to Navi Mumbai route will cover areas such as Vashi, Nerul, Belapur, and Taloja. The travel time is expected to be 60 minutes with a projected ridership of 20,000.
A total number of 10 jetties will be operational here on this route.
Impact of Ferry Service on Mumbai’s Real Estate
The announcement of such a service has led to an increase in the demand for property in Navi Mumbai. It is a piece of good news for real estate developers in Mumbai as the linkages between Thane, Navi Mumbai and Mumbai will mean high connectivity of these places to the other parts of the city.
Properties in Thane are already a favorite for homebuyers as they fit the budget and provides luxury at the same cost. Once the ferry services start, people living in Thane can get easy access to South Mumbai and Navi Mumbai. In fact, property in South Mumbai will get a new feature when it comes to transport and connectivity. The ferry services are being considered as an affordable option for commuting in Mumbai. The inland water transport is expected to bring down 20% of vehicular traffic in Mumbai. It is also expected to have 33% savings per trip as compared to roadways. Now, this is a piece of good news for the corporates as more and more people will prefer using the waterways to reach at work on time. This can also turn out to be a good thing for dealers owning commercial property in Mumbai.
Homebuyers searching for flats in Mumbai can look at these clusters of areas such as Thane and Navi Mumbai for good residential projects in Mumbai as the ferry services are set to revolutionize the transport sector in Mumbai.