The following 7 upcoming infrastructural projects will change Mumbai
Bullet train
Mumbai,thenation'sfinancialhub,isoneofupcomingInfrastructuralProjectsprimary contributorstoIndia'sGDPandiscurrentlyexperiencinganinfrastructureboom.Allof theseforthcominginfrastructureprojects,includingtheconstructionofmetro,first rate highways,anincomingairportinNaviMumbai,andmanymore,wouldacceleratethe economicexpansionofMumbaiandMaharashtra.
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TheseinfrastructuralprojectswillsignificantlyaffectMumbai'srealestatemarketin additiontocuttingtraveltimesandimprovingthequalityoflifeforMumbaikars.These initiativeswillstrengthenMumbai'spositionasanimportantIndianresidentialand businesshub.TherewillbedevelopmentinMumbai'sundervaluedneighbourhoods includingBhandup,Dombivli,&Kalyan ShilRoad,whichwouldincreasedemandfor houses.
Mumbai Metro
TheMumbaimetroisintendedtoeasecitytrafficandsupplementthecongestedrail system.Mumbai'smetrosystemwillinclude14metrolinestotaling350kilometreswhenit isfinished.Itwillsignificantlyimproveinfrastructureandconnectivity.TheentireMumbai Metroprojectisexpectedtocostmorethan1.4lakhcrores.
Thecity'ssmallestnooksandcranniesareconnectedbytheextensivemetrotrainproject. Since2014,line1betweenGhatkoparandVersovahasbeenactive.Hereisalistofallthe othermetrolinesandtheregionstheyserve.
TheMumbaimetrowouldsignificantlyaltertheappearanceofMumbai,Thane,andNavi Mumbaionceitisoperating.Metrorailwillheraldashiftinpeople'scommutesand lifestylesthankstoitsextensivereach,comfortableACcoaches,first ratestations,easy bookingprocess,andmanyotherfeatures.TheMumbaiandNavi Mumbaimetrosystems workingjointlywillguaranteelast mileconnectiontothecity'scommercialandresidential areas.
AllofthesemetrolineswilllikelybefinishedinMumbaiwithintheupcomingtenyears. Thishugemetroprojectwillhaveasignificantpositiveimpactoncommercialrealestate. Officeswithgoodaccesstomainmetrolinesaremorelikelytobepreferbyemployees. Employers&employeesalikewillfavourcommercialpremiseslikeMarathonMillennium &MarathonFuturexthatareadjacenttometrostations.
Metrorailisprobablygoingtoincreasedemandforbothinexpensiveandupscalehousing projectsintheresidentialrealestatesector.Moreinterestwillbeshownindevelopments likeMarathonNeohomes&MarathonNexzone,whichprovidewelldesignedhomeswith contemporaryfacilitiesandcloseproximitytometrostations.
International Airport of Mumbai
OneofNaviMumbai'smostsignificantprojectsistheambitiousNaviMumbaiInternational Airport.Itisabrand new,internationalairportthatwasbuiltclosetoPanvel.16,700 croresistheprojecttotalcostoftheproject.
Theconstructionofthenearbymetropoliswillbemadepossiblebythisairport.Airport city,oftenknownasanaerotropolis,istheidea.Dubaiishometothebiggestaeropolison earth.AeropolisarealsocommonintheMiddleEast,Asia,andEurope.
TheNaviMumbaiaerotropoliswilldevelopafullecosystemofbusinesses,retail establishments,educationalinstitutions,andhealthcarefacilities.Thedemandforhomes willbedrivenbythepotentialthattheNaviMumbaiairportoffers.Thetop notch infrastructureandseamlessconnectivitywouldtemptMNCstolocatetheirofficesinand aroundPanvelandthesurroundingdistricts.Therewillbesomeactivityintheresidential marketasaresultoftheairportcity.
Link to the Mumbai Trans Harbour Sea
The21.8kmMumbaiTrans-HarborSeaLink(MTHL)spanstheharbourbetweenMumbai andNaviMumbai.Thesix laneroadbridgeisadvertisedasbeingIndia'slongestseabridge. ThebridgewillstartinSewri,spanThaneCreektothenorthofElephantaIsland,andend atChirlehamletclosetoNhavaSheva.ItwillhavedirectaccesstotheMumbai Pune Expressway,theMumbai GoaHighway,andtheNhavaSeaPort.
TheanticipatedcostofthisplannedinfrastructureprojectinNaviMumbaiismorethan 17,000crores.ThecompletionoftheentireprojectisscheduleforSeptember2023.This bridgewillsignificantlyreducethelengthoftimeittakesforalltravellerstogetfromNavi MumbaitoSouthMumbai.Itwillbeconstructingin4stages.
ThesealinkwillprovidePanvel'srealestatemarketamajorboost.
BridgeacrossThaneCreekandtheSewriInterchangeinPhase1is10.38kilometres long.
8kmofthesecondphase'sbridgespanThaneCreekandtheShivajiNagarjunction.
Includes6.3kilometresofviaducts&interchangesthatlinkMTHLtoState Highways52and54aswellasNationalHighway4BatChirle.
InstallationofequipmentandIntelligentTransportSystems(includingTolland TransportManagementSystems)fortheproject
76%oftheworkwasfinishedasofApril2022.
Mumbai Ahmedabad High Speed Rail
The650kmlongbullettrainprojectisasectionoftheplanhigh speedraillinethatwill connectAhmedabadwithPunethroughMumbai.TheprojectisexpectedtocostINR1.1 lakhcrore.The12 stationbullettrainline,whichwoulddepartfromBKCinMumbai,will includeBKC,Virar,Thane,Vapi,Bilimora,Boisar,Surat,Bharuch,Vadodara,Anand, Ahmedabad,andSabarmati.
TheconstructionoftheMumbai Ahmedabadbullettrainwillinmanywaysincrease demandforresidential,commercial,andretailspace.WhileBKCisawell knownbusiness sectorinMumbai,themicro marketswillbenefitthemostfromthebullettrainline.The Kalyan Shilroad,Thane,&Dombivlisurroundingareaswilldevelopatanacceleratedrate, fuellingtheriseinrealestatevalues.
Additionally,thebullettrainwillspeeduptraveltimesandprovideseamlessconnectivity totheseplaces.TownshipdevelopmentssuchMarathonNextown&Nexeworldwillbeat thevanguardofthisdemandasthehigh-speedrailcorridorwilldriveit.Thesetownships guaranteereasonablypricedfamilyhomeswithavarietyoftop notchamenitiesthat enhanceyourqualityoflife.
InGujarat,nearly99.4%oflandacquisitionhasbeenfinished,comparedtoonly60%in Maharashtra.ThecompletiondatehasbeendelayedtoOctober2028asaresultofthe delayinMaharashtra'slandacquisitionprocess.
Road to Airoli-Katai Tunnel
Itisa1.7kilometrelongroutethatrunsacrossParsikHillandconnectsAirolitothe Kalyan Shilcorridor.The33.8kmKalyan Shilphataroute,whichrunsfromAirolitoKatai Naka,includesthe1.7kmTunnelRoad.Mangroves,valleys,flyovers,&railroadtracksare allcrossedbyit.Thesix lanehighwaywillconsiderablyshortenthedistancebetween AiroliandShilphata.
TheresidentsofDombivliEast,Kalyan Shilroad,andNaviMumbaiwillexperienceashift intheirwayoflifeasaresultoftheAiroli-Kataitunnelroute.Thejourneytimeiscutby30 40%onaverage.AccesstotheindustrialhubsofBadlapur&Bhiwandiismadesimpleby thetunnelroad.Additionally,itprovidesquickaccesstoMulundaswellasotherMumbai suburbs.
Oncethistunnelroadisoperational,itwillopenthewayfortheconstructionofmalls, educationalinstitutions,andothercommercialbuildings.TheKalyan Shilroad,Navi Mumbai,&Dombivlirealestatemarketswouldalsobenefitfromtheinfrastructureproject.