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    Mumbai Trans Harbour Link: A Game-Changer for Mumbai’s Infrastructure and Real Estate Market

    Opublikowano przez Marcin Strzembosz włączony 14 stycznia, 2024
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    The recently unveiled Mumbai Trans Harbour Link (MTHL) by Prime Minister Narendra Modi promises to revolutionize travel and transform the real estate market in Mumbai. Spanning 21.8 kilometers, this sea link will drastically reduce the commute time between Mumbai and Navi Mumbai to just 15-20 minutes, marking a monumental stride forward in the city’s infrastructure development.

    While experts are divided on the impact of the MTHL on property prices, there is consensus that it will have far-reaching effects on the real estate market in Navi Mumbai. Some analysts predict a surge of 10-15 percent in property prices over the next 2-3 years, attributing it to the new infrastructure projects in Navi Mumbai. However, others argue that the availability of additional land along the MTHL corridor might help stabilize real estate prices. They project a more steady price increase of 7 to 10 percent across the corridor.

    Certain areas like Panvel, Ulwe, and Dronagiri are expected to benefit greatly from the improved accessibility and enhanced connectivity provided by the MTHL. Direct connectivity to these locations will make them more appealing to homebuyers and investors alike.

    Another interesting repercussion of the MTHL is the potential increase in interest for luxury projects in Alibaug. The high toll charges for the sea link are likely to attract the upper-class population, who own second homes in Alibaug. The reduced travel time between South and Central Mumbai and Alibaug makes it an appealing location for luxury homebuyers.

    In conclusion, the Mumbai Trans Harbour Link is poised to bring about a significant transformation in travel efficiency and the real estate market in and around Navi Mumbai. With its immense potential for growth and increased connectivity, these developments mark a milestone in the city’s infrastructure and present appealing prospects for commuters and real estate enthusiasts alike.

    The source of the article is from the blog portaldoriograndense.com

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