High-Speed Bullet Train Will Increase Demand for Real Estate
Thestate'sdeputychiefministerrecentlysaidthattheMumbai Ahmedabadbullettrain projecthasreceivedallnecessaryapprovalsfromtheMaharashtragovernment.The NationalHigh SpeedRailCorporationLimited(NHSRCL)thenreleasedarequestfor proposalsforthedesignandconstructionofatunnelsystemandundergroundstationat BKCfortheproject'sbullettrain. Are you looking flat for rent in borivali? AshwiniVaishnaw,therailwayminister,alsotweeted,"Bidsinvitedfordesignand constructionofMumbaiundergroundstationandtunnelsfor#BulletTrain."Accordingto NHSRCLauthorities,thefirstphaseofthehigh speedrailroutebetweenMumbaiand Ahmedabadwillbefinishedin2026. Thebullettrainwillincludea21kmtunnelbeneaththeseaandstopat12stations, includingBKC,Thane,Virar,Bilimora,Boisar,Surat,Bharuch,Vapi,Vadodara,Anand,and Sabarmati.WhileBKCalreadyservesasthecity'sbusinesscentre,expertspredictthatafter thisdeclaration,Thane,Virar,andBoisar'sresidentialskylineswouldseesignificant changes.Thebullettrain,accordingtoassetadvisorsintheseregions,willfundamentally altertheseregionsandgreatlypromoteeconomicgrowth.
Bullet Train's Impact on the Real Estate Sector
Atotalof1396hectaresoflandareneeded,howeverasofMarch2022,onlyroughly1248 hectareshavebeenobtained.InGujarat,about99.4%oflandacquisitionhasbeenfinished, comparedtobarely60%inMaharashtra.ThecompletiondatehasbeendelayedtoOctober 2028asaresultofthedelayinMaharashtra'slandacquisitionprocess.
Thedemandforresidential,retail,&commercialrealestatewillchangeinavarietyofways asaresultofthishigh speedtrainnetworkconnectingtwovibrantmetropolises. RealestatedevelopmentisacceleratingquicklyinplaceslikeDombivli,Thane,&Kalyanas theprojectincreasinglytakesshape.Sincethisprojectwouldsignificantlyimprove connectivity,nearbylocationswilldevelopmorequickly,whichwillcauseariseinreal estateprices. Let'stakeacloserlookattheneighbourhoodsofMumbaithatwillparticularlyprofitfrom thislarge scaleendeavour.
Present Situation
WhilethetrainwillimproveconnectivitybetweenMumbai&Ahmedabad,itwillalsoinstill greatconfidenceintheresidentsofThanebyprovidingaseamlessconnectiontoBKC.
As opposed to the present six-hour trip time, the bullet train will get passengers there in three hours. Oncethetrainisfullyoperational,thereislittledoubtthatitwouldbeabigboostforthe entirebelt,includingThane.Therewon'tbemuchofadifferencebetweentravellingfrom GujarattoMaharashtra&fromVirartoChurchgate.Boisarwillalsoprofit,albeitgradually, asthereisnowanabundanceofhousingstockonboththeresidential&commercialfronts, whiledemandhasyettopickup.
PeopletypicallydrivedownfromThaneorchangetrainsbecauseBKCishometomany businessoffices.Theywillhaveaquickwaytogettoworkoncethebullettrainisrunning. Thisveryrealityisprojectedtopropelthewesternsuburbs,whichhavealwaysbeenquite affordable(regionslikeVirarandBoisar),intothespotlight."Realestatepriceshave increasedbyfivetotenpercentsincetheannouncement.Demand supplydynamicswill determinewhetherpriceswillriseorfalloverthelongterm.Italldependsonhowbuyers wouldrespondandassesstheirinvestmentpossibilities.
Improves connectivity between Mumbai & Ahmedabad
Currently,thetripfromDombivlitoBKCtakesabout1.5hours.However,commutersmay gofromDombivlitoBKCquicklybecausetotheconstantfrequencyofbullettrains.Asa result,aDombivlikarwilltravelin30 40%lesstime,andguesswhat?Theeaseand comfortwillbemuch-neededlyimproved,andcommuterswillbeproudtouseoneof India'sinfrastructureprojectseveryday! Boost for Infrastructure
Comfortable Connectivity
ThenamedThanestoponthebullettrainlineisreallyatDombivliE,whichisonlyafew hundredmetrestoafewkilometresfromDombivlistation.Oncethestationisoperational, aneighbourhoodwillgrowuparoundittofulfilthedemandsofcommuters.Additionally, roadconstructioninaccordancewiththecitydevelopmentplanwillbeincreasedtogive betteraccesstothestationfromnearbylocations.
WhiletheBKCareaofMumbaiisestablishedandacentreforbusiness,thebullettrainline willhaveasignificantpositiveimpactonup and comingrealestatehotspotslikeDombivli &Kalyan.Evenflawlessconnectivitytotheselocationswouldbeprovided.
AccordingtotheDevelopmentPlan,asizablenetworkofroadshasalreadybeenenvisaged, andthebullettrainlinewillprovetobeacatalystforthegrowthoftheseroads,giving nearbyhouseholdsasignificantboostintermsofconnectivity&propertyvalue.
ThedemandforaffordablehomesinDombivliwillbefueledbythehigh speedrailtrack. Peopletodaydemandmorefromtheirhomes,includingexperiencesthatenhancetheir qualityoflife.Therefore,thereisasignificantdemandforresidentialbuildingsthatprovide awiderangeoffacilities,lushgreenopenspaces,contemporarydesigns,andseamless connection.DeveloperscanprovidetheseexperiencesbecausetoDombivliE'sextensive landbanks.
How will Dombivli E be changed by the bullet train?
DombivliEisanintriguingplace.ItisoneoftheremainingareasinMumbaiwithexcellent railandroadconnectivityandalargeamountofundevelopedlandbank.Withprojectslike theAiroli Kataitunnelroad,theNaviMumbaimetro,andthebullettrain,theregionhas experiencedtremendousexpansionalongtheKalyan Shilcorridorinthepasttenyears, andthetrendisexpectedtocontinue.
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