+
How upcoming infra kept residential real estate markets going during Covid
Real Estate

How upcoming infra kept residential real estate markets going during Covid

As the centre promised Rs 102 lakh crore infusion in infrastructure over the next five years and states push project completion to get the economy back on rails, new localities across cities see a fresh interest from end user buyers. Good planning and research can help maximise these gains, says E Jayashree Kurup.

“Infrastructure and real estate are married.” A dramatic statement by Dr Niranjan Hiranandani, Managing Director, Hiranandani Group, is borne out by the fact that the city has a slew of new projects capable of changing the way a city lives and moves. With the opening of the Ghatkopar-Mankhurd flyover in early August 2021, travel time to Navi Mumbai has been reduced to two minutes from the earlier 30 minutes. In Mumbai infrastructure projects include, 300 km of metro, the Mumbai Trans-Harbour (MTHL) bridge, the coastal road from Princess Street Flyover in South Mumbai to Kandivali in the northern suburbs, the picturesque Mandwa and Alibaug, the Navi Mumbai Airport, the Jawaharlal Nehru Port Trust (JNPT) SEZ, IT SEZs and the extension of the Western Railway lines towards Navi Mumbai. They will have a multiplier effect on the market as they open new segments of the city for development. 

A fact that southern cities like Bengaluru and Hyderabad are familiar with. The two cities had one thing in common – a conscious policy by the state and city governments to periodically create new ring roads which would open up new tracts of land for development. 


As the centre promised Rs 102 lakh crore infusion in infrastructure over the next five years and states push project completion to get the economy back on rails, new localities across cities see a fresh interest from end user buyers. Good planning and research can help maximise these gains, says E Jayashree Kurup.“Infrastructure and real estate are married.” A dramatic statement by Dr Niranjan Hiranandani, Managing Director, Hiranandani Group, is borne out by the fact that the city has a slew of new projects capable of changing the way a city lives and moves. With the opening of the Ghatkopar-Mankhurd flyover in early August 2021, travel time to Navi Mumbai has been reduced to two minutes from the earlier 30 minutes. In Mumbai infrastructure projects include, 300 km of metro, the Mumbai Trans-Harbour (MTHL) bridge, the coastal road from Princess Street Flyover in South Mumbai to Kandivali in the northern suburbs, the picturesque Mandwa and Alibaug, the Navi Mumbai Airport, the Jawaharlal Nehru Port Trust (JNPT) SEZ, IT SEZs and the extension of the Western Railway lines towards Navi Mumbai. They will have a multiplier effect on the market as they open new segments of the city for development. A fact that southern cities like Bengaluru and Hyderabad are familiar with. The two cities had one thing in common – a conscious policy by the state and city governments to periodically create new ring roads which would open up new tracts of land for development. Click here to know more…

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?