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Immediate Infrastructure Impacts in Mumbai Transforming Real Estate

Immediate Infrastructure Impacts in Mumbai Transforming Real Estate

Immediate Infrastructure Impacts in Mumbai Transforming Real Estate

Several ongoing and upcoming infrastructure projects in Mumbai are poised to significantly impact the city's real estate landscape in the immediate future. Here are some key highlights:

1. Metro Network Expansion:

  • Mumbai's ambitious metro network expansion, with over 14 lines planned, is expected to significantly improve connectivity across the city. This will lead to increased demand for properties near metro stations, particularly in currently undervalued areas like Bhandup, Dombivli, and Kalyan-Shil Road.
  • Improved connectivity will also reduce travel times and congestion, making these areas more desirable for residential and commercial development, leading to property value appreciation.

2. Coastal Road Construction:

  • The construction of the Mumbai Coastal Road is expected to ease traffic congestion and improve access to the southern parts of the city. This project will likely boost property values in areas like Worli, Nariman Point, and Cuffe Parade, which will benefit from improved connectivity and reduced travel time.
  • Additionally, the coastal road will open up new beachfront development opportunities, potentially leading to the creation of high-end residential and commercial complexes.

3. Trans-Harbour Link:

  • The Trans-Harbour Link (THL) will connect Sewri in Mumbai to Nhava Sheva in Navi Mumbai, significantly improving connectivity between the two cities. This project is expected to boost real estate development in Navi Mumbai, particularly in areas like Ulwe, Panvel, and Kharghar.
  • The THL will also make it easier for residents of Navi Mumbai to commute to jobs in Mumbai, leading to increased demand for housing in these areas.

4. Airport Development:

  • The development of a new airport in Navi Mumbai is expected to further enhance connectivity and attract significant investment to the region. This will likely lead to increased demand for residential and commercial properties in areas around the airport, such as Kharghar, Kalamboli, and Taloja.
  • The airport will also act as a catalyst for the development of various industries, such as hospitality, logistics, and aviation, further boosting the overall real estate market.

5. Other Infrastructure Projects:

  • Other infrastructure projects like waterway development, bridge construction, and road repairs are also underway in various parts of Mumbai. These projects will improve connectivity within the city and to neighboring areas, leading to increased demand for properties in these locations.
  • Additionally, the ongoing focus on smart city initiatives and green infrastructure development is attracting investors and developers, contributing to the overall transformation of the city's real estate landscape.

Overall, these ongoing and upcoming infrastructure projects are expected to have a profound impact on Mumbai's real estate market. They will improve connectivity, unlock new development opportunities, and lead to increased demand for properties in various parts of the city.

It's important to note that the specific impacts will vary depending on the location and type of property. Additionally, any unforeseen challenges or delays in project completion could impact the projected outcomes.

 
Next Article : Impact of Coastal Road on Real Estate Prices in Mumbai
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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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