Experts View on Mumbai Trans Harbour Link, a game changer for real estate by Vimal Nadar, Senior Director, Research Colliers India
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Experts View on Mumbai Trans Harbour Link, a game changer for real estate by Vimal Nadar, Senior Director, Research
“Probably for the first time in decades, Mumbai Metropolitan Region (MMR) is undergoing a transformative infrastructure upgrade on a scale previously unseen. The upgrade has the potential to reimagine the real estate landscape of the city, somewhat liberating it from the growth limitations that comes from the virtue of being a linear city. The upcoming Mumbai Trans Harbour Link (MTHL) offers an efficient alternative route connecting Sewri and Chirle slashing the travel time between the two nodes from 2.5 hours to merely 30 mins, easing traffic congestion and improving intra-city connectivity significantly.
Key micro markets like Central Mumbai and Navi Mumbai are poised to witness heightened commercial and residential activity led by improved connectivity. Areas under the influence zone of the project corridor including Sewri, Chirle, Ulwe, Kalamboli and Panvel will see plethora of real estate opportunities across asset classes. All such relatively dormant localities are set to embark upon a high real estate growth trajectory sooner rather than later, providing lucrative investment options within MMR. Interestingly, the enhanced connectivity will revitalise real estate activity in the old CBD area of South Mumbai, leading to opportunities for retrofitting for investors and developers. Once operational, MTHL will also be pivotal in connecting the data centre hotspots within Navi Mumbai to rest of the MMR. All in all, the real estate landscape in and around the project stands to benefit immensely and holds remarkable property appreciation potential.”
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