Mumbai realty set for a boost as infra near completion
Real Estate

Mumbai realty set for a boost as infra near completion

The Mumbai Metropolitan Region (MMR) is on the brink of witnessing heightened real estate activity, as four significant infrastructure projects near completion, as revealed in a report published on Monday. These projects encompass the Mumbai Metro, particularly the lines scheduled to be operational by 2024, the Mumbai Trans Harbour Link (MTHL), Phase 1 of both the Coastal Road Project (CRP), and the Navi Mumbai International Airport (NMIA).

As these vital projects reach fruition, the improved connectivity they offer is expected to stimulate annual leasing in the commercial office micro markets of Bandra Kurla Complex (BKC) and the western suburbs. Simultaneously, the traditional micro markets of the old Central Business District (CBD) and central Mumbai are poised for a significant revitalization. Moreover, the satellite market of Navi Mumbai is anticipated to present a multitude of real estate opportunities.

According to a report by property consultant Colliers, these infrastructure developments will not only enhance transportation but also play a pivotal role in transforming the real estate landscape in the Mumbai Metropolitan Region. The increased activity in both business and residential hubs is expected to be a major driver for economic growth and urban development in the region.

The Mumbai Metropolitan Region (MMR) is on the brink of witnessing heightened real estate activity, as four significant infrastructure projects near completion, as revealed in a report published on Monday. These projects encompass the Mumbai Metro, particularly the lines scheduled to be operational by 2024, the Mumbai Trans Harbour Link (MTHL), Phase 1 of both the Coastal Road Project (CRP), and the Navi Mumbai International Airport (NMIA). As these vital projects reach fruition, the improved connectivity they offer is expected to stimulate annual leasing in the commercial office micro markets of Bandra Kurla Complex (BKC) and the western suburbs. Simultaneously, the traditional micro markets of the old Central Business District (CBD) and central Mumbai are poised for a significant revitalization. Moreover, the satellite market of Navi Mumbai is anticipated to present a multitude of real estate opportunities. According to a report by property consultant Colliers, these infrastructure developments will not only enhance transportation but also play a pivotal role in transforming the real estate landscape in the Mumbai Metropolitan Region. The increased activity in both business and residential hubs is expected to be a major driver for economic growth and urban development in the region.

Next Story
Real Estate

Residents Sceptical of Sahastradhara Road Widening

Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.

The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..

Next Story
Real Estate

Warburg Pincus Acquires Shriram Housing Finance

Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.

Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..

Next Story
Real Estate

UP Cancels Noida Land Allotment to M3M

The Uttar Pradesh government has cancelled the allotment of two land parcels in Noida to the M3M Group, citing discrepancies in the allocation process. This decision marks a significant development in the real estate sector and reflects the government's commitment to transparency and accountability in land allotment procedures.

The cancellation of land allotment underscores the government's resolve to address irregularities and uphold fairness in the allocation of land parcels. It reflects a proactive approach towards ensuring adherence to regulatory norms and preventing misuse of publi..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram