The Infra Effect On Mumbai : The Growth Stimulator

INTRODUCTION

For a property buyer, a home does not only signify a living space but a sense of comfort, love and affection. When you finish from work, you want to go back to your home and relax in the pool, or enjoy a steam and sauna session, or you might just want to listen to your favourite music while jogging.

Be it the gym, swimming pool or the clubhouse, all of them give you a sense of leisure and convenience. These amenities are not only important for your physical well-being but they also define your lifestyle.

For the residents of Mumbai, this lifestyle is often considered aspirational. As a common perception, you all are aware of the extremely busy and fast-paced lifestyle of Mumbai and the distance Mumbaikars have to cover daily. But, this is about to change in the near future as Mumbai has undertaken a few projects to upgrade its infrastructure.

The Infra Effect:

This infrastructure growth plays a very significant role in a city’s development in every aspect. Be it transport, employment or education, the speed of the infrastructure growth also decides the real estate value of the city.

Transportation:

Public transport has a significant role to play when it comes to infrastructure. When you talk about Mumbai, all the four major transport modes – rail, road, air and water – have played their respective roles in this regard.

The Road Commute:

The Bandra-Worli Sea Link and the Eastern Expressway has made road travel between North & South Mumbai much more convenient. And now, the government has given a go-ahead for the Bandra-Versova Sea Link. The sea link will be thrice the length of the existing Bandra-Worli Sea Link.

This 8 lane project, scheduled to be completed by mid-2023, will reduce the 90 minute commute between Bandra and Versova to 10 minutes. To ensure seamless travel for motorists from across western suburbs, the project plan has been tweaked by including an extra ramp, and providing for links to major roads. It is will have three ramps midway: at Juhu Koliwada to link with the Western Express Highway, at Carter Road and at Bandra to link with Reclamation via Bandstand. The southern end of the bridge would connect to the Bandra-Worli sea link, while in the north, it would end near Nana Nani Park in Versova, and will have road link upto S.V. Road in Andheri.

The proposed Coastal Road (From Marine Lines to Kandivali) and an elevated road from Bandra Kurla Complex to Sion are expected to be game changers in the overall infrastructure development of the city. The proposed tunnel road between Thane and Borivali has received a nod from the State Wildlife Board. Once completed, your Thane-Borivali commute will be cut down to 10 minutes. Isn’t that exciting?

In addition, the Mumbai Trans-Harbour Link also known as the Sewri Nhava Sheva Trans Harbour Link, is expected to drive demand in areas like Vashi, Panvel, Nerul, Thane, Airoli and Belapur.

As mentioned in our previous blog “Why Mumbaikars celebrated this festive season with cheer?” , another interesting development is the proposed tunnel under the Sanjay Gandhi National Park which will connect Goregaon and Mulund and provided a short and fast east-west route. As per recent developments, BMC has finalized TPF as the consultant for the GMLR (Goregaon Mulund Link Road). It is a 14 km road that will have a 5 km stretch running through the Sanjay Gandhi National Park in the form of twin tunnels.

The Positive Influence:

Here is a brief snapshot of how the infrastructural development in this particular segment has its influence on your overall living.

  1. Comfortable Living
  2. Individual Savings
  3. Time Management
  4. Quality Life

If you are looking to buy a new house, you might want to take note of these factors while evaluating your options.

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