10-01-2024 02:48 PM | Source: PR Agency
Experts View on Mumbai Trans Harbour Link, a game changer for real estate by Mr. Sunil Dewali, Co-CEO of Andromeda Sales & Distribution Pvt Ltd
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Experts View on Mumbai Trans Harbour Link, a game changer for real estate by Mr. Sunil Dewali, Co-CEO of Andromeda Sales & Distribution Pvt Ltd
Panvel and adjoining areas of Navi Mumbai are on the verge of seeing a huge Economically & Realty boost with the Mumbai Trans Harbour Link (MTHL) project all set to get completed.
Once MTHL is operational and with the airport on the fast track, property prices will skyrocket, transforming Panvel and the Navi Mumbai region into the next big realty destination after Mumbai.
Commuting on the MTHL Bridge from Mumbai to Navi Mumbai will be reduced to 20 minutes, against the current commute time of more then 2 hours. The time to reach Panvel will be around 40 mins, and at the same time, one can cross Bandra in the western belt or Sion in the eastern belt. And prices in these belts are like 3 to 4 times as compared to lands on the other side of MTHL.
It will also be linked with the Mumbai-Pune Expressway through an elevated corridor.
This would be beneficial for frequent travellers from Mumbai to Pune.
It will also pass by the under-construction Navi Mumbai International Airport.
Property prices are already on the rise and are expected to increase in the next coming months. Developers from across the country are vying with each other to establish their presence here. Looking at the future growth potential, home buyers and investors to are rushing to invest in properties in Panvel and Navi Mumbai region.
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