Mumbai awaits big realty boom

Mumbai Realty Boom
The recently announced Rail & Road Infra Projects by the state government and its nodal agency-Mumbai Metropolitan Region Development Authority (MMRDA), are all set to inject a major booster to the state's real estate sector. As a matter of fact, if connectivity is improved, then it will be easy for people to travel to their work even if they are staying in far-flung areas, joint Project Director (PR), MMRDA, Dilip Kawathkar, said claiming that the agency has plans to connect Mumbai to its far-flung suburbs including Navi Mumbai. These projects will boost development in Navi Mumbai and parts of Raigad district. The Mumbai Trans Harbour Link (MTHL) is one such project that could make a big impact as it will involve a 22km-long bridge, connecting Mumbai and Navi Mumbai and will cross the Thane Creek, north of Elephanta Island. The sea link will contain a six-lane highway, which will be 27 metres wide. The link will have interchanges at Sewri in Mumbai and at Chirle on NH-4B in Navi Mumbai. In addition, there are various other projects covering rail & metro segment that are also bound to push real estate activities in far flung and suburban areas of the state.

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