+
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…

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code