How upcoming infra kept residential real estate markets going during Covid

01 Sep 2021 CW Team

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…

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..