Mumbai coastal road first phase inaugurated today: All you need to know
Mumbai Coastal Road. A 10.5-kilometer-long stretch will be opened for traffic in the first phase, an official earlier said, adding that motorists can enter the coastal road from Worli Seaface, Haji Ali interchange and Amarson's interchange points, and exit at Marine Lines.
Samantak Das, Chief Economist and Head- Research & REIS India, JLL said that the coastal project is a catalyst for Mumbai's real estate market. He believes that the project will rejuvenate business hubs in the city, while also bridging the residential gap between areas.
“The coastal road project in Mumbai is not only a game-changer for transportation but also a catalyst for the city's real estate market. By reducing travel time between Nariman Point and Kandivali from over 2 hours to less than 40 minutes, this ambitious infrastructure endeavor is set to rejuvenate the city's business hubs, drive residential demand in key submarkets, and potentially bridge the residential price gap between different areas," Das said.
Umesh Jandial, Chief Business Officer of Omkar Realtors & Developers, commented that the project will redefine living in western suburbs of Mumbai. "The Coastal Road is more than just an infrastructural development; it's a vision that will redefine living in the western suburbs.
The projects here offer ease of commute to business districts like BKC and Andheri and therefore this location is witnessing premium quotient and strong demand," said Jandial. "For instance, we foresee a surge in demand and price appreciation for residential properties in the Malad-Goregaon region, especially luxury segments, given the improved accessibility and scenic locales." President of NAREDCO Maharashtra Prashant Sharma said that the inauguration of the
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