How Mumbai Trans Harbour Link (MTHL) road will be a game changer for real estate sector— Explained
real estate growth. “The Mumbai Trans Harbour Link is a game-changer! As a proud Mumbai developer, I see this engineering marvel transforming connectivity and our real estate landscape.
With travel times slashed to 20 minutes between Mumbai and Navi Mumbai, areas like Panvel and Ulwe will witness explosive growth. We anticipate a surge in demand for homes driven by professionals seeking affordable luxury close to prime business hubs," said Manju Yagnik, Vice Chairperson of Nahar Group and Senior Vice President of NAREDCO- Maharashtra.
Property prices in these regions are already witnessing an upward trend, and we expect this to solidify post-inauguration, added Manju. Furthermore, the ongoing construction of a 337 km metro network, the operational 46 km segment, and plans for an additional 50 km in 2023-2024 solidify Mumbai's status as a vibrant real estate hub.
This cohesive development is poised to positively appreciate prices, spur significant real estate growth, and reshape the landscape of Mumbai's real estate industry, said Ayushi Ashar Director at Ashar Group and member of the Managing Committee of MCHI-CREDAI The MTHL comes as a welcome change as it will certainly democratise the real estate market connecting places like, Panvel, Sewri, Navi Mumbai, and Chembur that were so far considered less desirable in the real estate market. "Property value in the neighborhoods that the MTHL passes through are geared to grow into major nerve centres of Mumbai and consequently, the demand for real estate here, both residential as well as commercial, would see an upward trajectory," said Sundeep Jagasia, Managing Director, Shree Krishna Group.
Read more on livemint.com
