The opening up of Mumbai Trans Harbour Link(MTHL) in Mumbai is undoubtedly one of the much-awaited infrastructure development project targeting decongestion. Besides offering a seamless connectivity from South Mumbai to Navi Mumbai and onwards, the island city may witness development in other spheres as well. This will lead to a phase two of de-localisation and de-concentration, the first phase was the movement from South Mumbai to Bandra Kurla Complex (BKC), with majority of the offices shifting base.
The expected consequential boom in real estate -both commercial as well as residential is thus logical. Mumbai’s infrastructure development especially in terms of connectivity is catching up rapidly across the city. Be it coastal roads, new airport, metro lines, MTHL, or underground connectivity a lot of activity is still left. Some of the big projects underway include India’s first high-speed rail, costing more than Rs 1 trillion.
What may emerge ahead, will be more utility-focused projects offering better inter-city roads, water supply, gas pipeline connections and superior drainage systems, all needed to cater to the real estate development. Cement and steel sector companies are already giving huge impetus to the Mumbai market. So the fallout in the form of overall socio-economic benefits shall be much more amplified.
