Bullet train

Mumbai, the nation’s financial hub, is one of upcoming Infrastructural Projects primary contributors to India’s GDP and is currently experiencing an infrastructure boom. All of these forthcoming infrastructure projects, including the construction of a metro, first-rate highways, an incoming airport in Navi Mumbai, and many more, would accelerate the economic expansion of Mumbai and Maharashtra.

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These infrastructural projects will significantly affect Mumbai’s real estate market in addition to cutting travel times and improving the quality of life for Mumbaikars. These initiatives will strengthen Mumbai’s position as an important Indian residential and business hub. There will be development in Mumbai’s undervalued neighbourhoods including Bhandup, Dombivli, & Kalyan-Shil Road, which would increase demand for houses.

Mumbai Metro

The Mumbai metro is intended to ease city traffic and supplement the congested rail system. Mumbai’s metro system will include 14 metro lines totaling 350 kilometres when it is finished. It will significantly improve infrastructure and connectivity. The entire Mumbai Metro project is expected to cost more than 1.4 lakh crores.

The city’s smallest nooks and crannies are connected by the extensive metro train project. Since 2014, line 1 between Ghatkopar and Versova has been active. Here is a list of all the other metro lines and the regions they serve.

The Mumbai metro would significantly alter the appearance of Mumbai, Thane, and Navi Mumbai once it is operating. Metro rail will herald a shift in people’s commutes and lifestyles thanks to its extensive reach, comfortable AC coaches, first-rate stations, easy booking process, and many other features. The Mumbai and Navi-Mumbai metro systems working jointly will guarantee last-mile connection to the city’s commercial and residential areas.

All of these metro lines will likely be finished in Mumbai within the upcoming ten years. This huge metro project will have a significant positive impact on commercial real estate. Offices with good access to main metro lines are more likely to be prefer by employees. Employers & employees alike will favour commercial premises like Marathon Millennium & Marathon Futurex that are adjacent to metro stations.

Metro rail is probably going to increase demand for both inexpensive and upscale housing projects in the residential real estate sector. More interest will be shown in developments like Marathon Neohomes & Marathon Nexzone, which provide well designed homes with contemporary facilities and close proximity to metro stations.

International Airport of Mumbai

One of Navi Mumbai’s most significant projects is the ambitious Navi Mumbai International Airport. It is a brand-new, international airport that was built close to Panvel. 16,700 crores is the project total cost of the project.

The construction of the nearby metropolis will be made possible by this airport. Airport city, often known as an aerotropolis, is the idea. Dubai is home to the biggest aeropolis on earth. Aeropolis are also common in the Middle East, Asia, and Europe.

The Navi Mumbai aerotropolis will develop a full ecosystem of businesses, retail establishments, educational institutions, and healthcare facilities. The demand for homes will be driven by the potential that the Navi Mumbai airport offers. The top-notch infrastructure and seamless connectivity would tempt MNCs to locate their offices in and around Panvel and the surrounding districts. There will be some activity in the residential market as a result of the airport city.

Link to the Mumbai Trans Harbour Sea

The 21.8 km Mumbai Trans-Harbor Sea Link (MTHL) spans the harbour between Mumbai and Navi Mumbai. The six-lane road bridge is advertise as being India’s longest sea bridge. The bridge will start in Sewri, span Thane Creek to the north of Elephanta Island, and end at Chirle hamlet close to Nhava Sheva. It will have direct access to the Mumbai – Pune Expressway, the Mumbai – Goa Highway, and the Nhava Sea Port.

The anticipated cost of this planned infrastructure project in Navi Mumbai is more than 17,000 crores. The completion of the entire project is schedule for September 2023. This bridge will significantly reduce the length of time it takes for all travellers to get from Navi Mumbai to South Mumbai. It will be construct in 4 stages.

The sea link will provide Panvel’s real estate market a major boost.

• Bridge across Thane Creek and the Sewri Interchange in Phase 1 is 10.38 kilometres long.
• 8km of the second phase’s bridge span Thane Creek and the Shivaji Nagar junction.
• includes 6.3 kilometres of viaducts & interchanges that link MTHL to State Highways 52 and 54 as well as National Highway 4B at Chirle.
• Installation of equipment and Intelligent Transport Systems (including Toll and Transport Management Systems) for the project

76% of the work was finished as of April 2022.

Mumbai-Ahmedabad High-Speed Rail

The 650 km long bullet train project is a section of the plan high-speed rail line that will connect Ahmedabad with Pune through Mumbai. The project is expect to cost INR 1.1 lakh crore. The 12-station bullet train line, which would depart from BKC in Mumbai, will include BKC, Virar, Thane, Vapi, Bilimora, Boisar, Surat, Bharuch, Vadodara, Anand, Ahmedabad, and Sabarmati.

The construction of the Mumbai-Ahmedabad bullet train will in many ways increase demand for residential, commercial, and retail space. While BKC is a well-known business sector in Mumbai, the micro-markets will benefit the most from the bullet train line. The Kalyan-Shil road, Thane, & Dombivli surrounding areas will develop at an accelerated rate, fuelling the rise in real estate values.

Additionally, the bullet train will speed up travel times and provide seamless connectivity to these places. Township developments such Marathon Nextown & Nexeworld will be at the vanguard of this demand as the high-speed rail corridor will drive it. These townships guarantee reasonably priced family homes with a variety of top-notch amenities that enhance your quality of life.

In Gujarat, nearly 99.4% of land acquisition has been finished, compared to only 60% in Maharashtra. The completion date has been delayed to October 2028 as a result of the delay in Maharashtra’s land acquisition process.

Road to Airoli-Katai Tunnel

It is a 1.7 kilometre long route that runs across Parsik Hill and connects Airoli to the Kalyan-Shil corridor. The 33.8km Kalyan-Shilphata route, which runs from Airoli to Katai Naka, includes the 1.7km Tunnel Road. Mangroves, valleys, flyovers, & railroad tracks are all crossed by it. The six-lane highway will considerably shorten the distance between Airoli and Shilphata.

The residents of Dombivli East, Kalyan-Shil road, and Navi Mumbai will experience a shift in their way of life as a result of the Airoli-Katai tunnel route. The journey time is cut by 30–40% on average. Access to the industrial hubs of Badlapur & Bhiwandi is made simple by the tunnel road. Additionally, it provides quick access to Mulund as well as other Mumbai suburbs.

Once this tunnel road is operational, it will open the way for the construction of malls, educational institutions, and other commercial buildings. The Kalyan-Shil road, Navi Mumbai, & Dombivli real estate markets would also benefit from the infrastructure project.

Goregaon-Mulund Connector

Mulund and Goregaon are connected by the 12-kilometer-long Goregaon-Mulund Link Road (GMLR). It will be crucial in reducing traffic congestion and shortening travel times. At the moment, the trip from Mulund to Goregaon takes 80 minutes. This travel time will be slashed to just 20 minutes once the GMLR’s new road is up and running.

People who go everyday to the western suburbs for work will feel a great deal of relaxation as a result of this road. This project is expect to cost 6,225 crores. In March 2022, work on flyover construction began. By March 2023, the same is anticipate to be done.

The construction of the tunnel road is schedule to begin in February 2023. In December 2025, the construction project will be finished. In 2026, full operations will start the Millennium Marathon

The Coast Road

The 22-km-long coastline road is a motorway that runs from Kandivali in the north to Marine Lines in the south. This next infrastructure project in Mumbai is expect to cost 12,000 crores. Right now, the trip from the western suburbs to South Mumbai takes about two hours. This journey time will be cut in half to 40 minutes thanks to the functioning of the road project.

In two phases, this project will be construct. A 10-km segment of the first phase runs from Princess Street Flyover at Marine lines to BKC. The Versova-Bandra sea link is one of the projects in the second phase. November 2023 is the projected completion date for the project.

Other recreational features like playgrounds, open theaters, seafront promenade, cycle paths, and much more will be located along this coastal road. Along the open spaces, native trees will be

Conclusion

These eagerly anticipated infrastructure developments would permanently alter how Mumbaikars commute. The real estate industry will gain adequate traction thanks to this consistently smooth connectivity.

In the upcoming years, Mumbai’s demand for adaptable office space and reasonably priced houses will soar due to the ease that these infrastructure developments provide. In the upcoming ten years, investing in Mumbai will be a wise choice whether you’re an investor or a consumer.

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