May 14, 2019 by balajisymphony
Luxury Apartments for sale in Panvel, Luxury Homes in Panvel, Builders in Navi Mumbai, Buy Property in Navi Mumbai, Panvel Property Rates, Buy Flat in Panvel, Ready Possession Flats in Panvel, Panvel Property, Property for sale in Panvel, Flats for Sale in Panvel, 2 BHK Flats For sale in Panvel, 3 BHK Flats in Navi Mumbai, 2 BHK Flat in Navi Mumbai, Apartments in Panvel, Projects in Panvel, Property in Panvel, Flats in Panvel, 3 BHK Flats in Panvel, 2 BHK Flat in Panvel
The developer community in Mumbai feels that the Supreme Court order that cleared the way for execution of Mumbai’s ambitious infrastructure projects – the Coastal Road and Bandra-Varsova Sea Link (BVSL) – will bring about a sea-change in the land-starved city.
The slew of various infrastructure projects will improve connectivity and decongest the prime locations of the city, said Abhinav Joshi, Head of Research at CBRE India.
Quoting a survey by bizbuzzindia.com, Joshi said it will also significantly impact the property prices in the vicinity besides giving a fillip to the demand for commercial and office spaces in the area.
The new corridor would be a shot in the arm for connectivity between the suburbs and the main commercial business district. It will reduce travelling time to 12 minutes from 60 minutes Due to improved connectivity from the farther suburb, the crowded areas of Andheri, Chembur, Ville Parle are expected to be decongested and the excessive pressure on the express highways would be relieved, he said.
To reduce travel time
Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, said the Coastal road, which is a 29.2 km-long-freeway along Mumbai’s western coast will reduce the travel time by 20 minutes and a vehicle taking the highway would save a third of the fuel daily, which will in turn reduce the carbon footprint by 1,826 tonne of carbon dioxide per year.
“Homebuyers will have more options while house hunting and with the upcoming metro lines, they will have access to every corner of the city,” he said.
Another project, the proposed Goregaon-Mulund link road, will cut down peak hour travel from Goregaon and Mulund from over 2 hours to 15 minutes. Similarly, there are various projects undertaken by the government to improve connectivity that will decongest the roads, save travel time and make travelling faster and easier, Sheth said.
With the population now standing at 22 million, there is a need for expansion and newer markets to be integrated into one large metropolis. Infrastructure projects will seamlessly connect the zones together and fuel growth, Om Ahuja, Chief Operating Officer, Residential Business at K Raheja Group, pointed out.
According to Shailesh Puranik, Chairman and Managing Director at Puranik Builders, the road projects such as the Mumbai metro lines and coastal road will make commuting much more easier and provide easy and comfortable access to the island city from the suburban towns.
Balaji Symphony is one of the best Luxury residential and Commercial Real Estate developer and Builders in Panvel, Navi Mumbai. Provides lavish and luxurious developed 1 BHK, 2 BHK and 3 BHK Flats & Projects in Panvel. The venture is well prepared with all contemporary facilities and 24X7 protection support to accomplish the needs of the citizens with modern amenities and security services. Buy Property in Navi Mumbai.
Source - https://www.thehindubusinessline.com/news/real-estate/mumbai-developers-upbeat-on-clearance-to-various-infra-projects/article27116057.ece