Dear Shrikant, The ongoing infrastructural projects will have a tremendous impact on the real estate sector. The prices of the properties lying on the Ghatkopar, Chembur, Andheri, Mankhurd and Versova stretch is going to double. The rate what is costing now will only multiply in coming times.
Mr Arup, Yes you are 100% right. With the completion of these projects, there is going to be huge demand for the residential as well as commercial properties along the stretch where infrastructural developments tend to take place. There is no doubt that the property prices will shoot up and the cost of the flats will become exorbitant.
Hi All, I also heard that the 3rd phase of the Eastern Freeway connecting Panjarpol-Mankhurd- Chembur is being taken up which is an elevated road having a total length of 3.65 kms and constructed at a cost of Rs. 294 crores.
Hi Abhishek, Yeah a very huge sum of money being invested in these projects. But once the projects gets completed, what impact will it have on the real estate market ?
Hey Deepankar, Looks like the Sahar Elevated Road is the initial one which is going to take off followed by the inaugural running of the Mumbai mono rail and first phase of Mumbai metro.
Dear Praveen, Good to see that such developments are taking place before its too late because the traffic is pathetic and choking during peak hours. On completion of these projects, the Mumbaikars can have a huge sigh of relief as this will make their travel ever better and with more comfort.
Hey Deepankar, Looks like the Sahar Elevated Road is the initial one which is going to take off followed by the inaugural running of the Mumbai mono rail and first phase of Mumbai metro.
Hi Vineet, Hey also that the Versova-Andheri-Ghatkopar metro rail is expected to roll in March . Amar Mahal Junction flyover is being constructed along with the Santacruz-Chembur Link Road.
Hey Deepankar, Looks like the Sahar Elevated Road is the initial one which is going to take off followed by the inaugural running of the Mumbai mono rail and first phase of Mumbai metro.
Yeah Mr Sunil, You heard it absolutely right!!!. The city is going to have a mega infrastructural projects lined up for 2014. By launching these projects simultaneously , Mumbaikars will be most benefited.