7 upcoming infrastructure projects that will transform Mumbai
Last Updated on, May 20, 2022
Mumbai, the financial capital of India, is one of the major contributors to India’s GDP. Currently, Mumbai is undergoing an infrastructure boom. With the development of metro, world-class roads, the upcoming airport in Navi Mumbai and much more, all these upcoming infrastructure projects will further escalate the economic growth of Mumbai and Maharashtra.
Apart from reducing travel time and making Mumbaikar’s life easy & convenient, these infrastructure projects will also have a considerable impact on Mumbai’s real estate market. These projects will further enhance the value proposition of Mumbai as a go-to residential and commercial hub in India.
Even undervalued areas in Mumbai like Bhandup, Dombivli, and Kalyan-Shil road will witness development, leading to a surge in housing demand.
1. Mumbai Metro
The Mumbai metro is designed to reduce the traffic in the city and supplement the overcrowded railway network. When completed, the Mumbai-metro will have 14 metro lines spanning across 350 kilometers. It will be a massive boost in connectivity and infrastructure. The estimated cost of the complete Mumbai Metro project is more than 1.4 lakh crores.
The metro rail project is comprehensive and connects to every nook and corner of the city. The line 1 running from Ghatkopar to Versova is operational since 2014. Here’s an overview of other metro lines and the areas they cover.
Once operational, the Mumbai metro will truly change the face of Mumbai, Thane and Navi Mumbai. With its wide reach, comfortable AC coaches, superior quality stations, hassle-free booking experience, and much more, metro rail will be the harbinger of change in people’s lifestyle and commute experience. The Mumbai & Navi-Mumbai metro together will ensure last-mile connectivity to commercial and residential hubs in the city.
Over the next decade, Mumbai is most likely to see completion of all these metro lines. Commercial real estate will benefit a lot because of this extensive metro project. Employees are more likely to prefer offices that are well-connected to major metro lines. Commercial spaces like Marathon Millennium and Marathon Futurex that are close to metro stations will be the preferred choice of employers and employees alike.
2. Navi Mumbai International Airport
The ambitious Navi Mumbai International airport is one of the landmark projects for Navi Mumbai. It is a greenfield International airport constructed near to Panvel. The overall cost of the project is estimated to be 16,700 crores.
This airport will pave the way for the development of the city surrounding it. The concept is called airport city or aerotropolis. Dubai has the world’s largest aerotropolis. Aerotropolis are also prevalent in Europe, Asia, and the Middle East.
Navi Mumbai aerotropolis will create an entire ecosystem of offices, shops, educational centres, and medical facilities. When you look at the potential that Navi Mumbai airport offers, it will drive the demand for housing. The world-class infrastructure coupled with smooth connectivity will encourage MNCs to set up their offices around Panvel and neighbouring areas. The airport city will also trigger some activity in the residential segment as well.
3. Mumbai Trans Harbour Sea Link
The Mumbai Trans-Harbor Sea Link ( MTHL in short) is a 21.8 Km long bridge connecting Mumbai with Navi Mumbai. The six-lane road bridge is touted to be the longest sea bridge in India. The bridge will begin in Sewri, cross Thane Creek north of Elephanta Island and will terminate at Chirle village, near Nhava Sheva. It will provide direct connectivity to the Nhava sea port, the Mumbai – Pune Expressway & the Mumbai – Goa Highway.
This upcoming infrastructure project in Navi Mumbai is estimated to cost more than 17,000 crores. The whole project will come to fruition by September 2023. For all the people travelling from Navi mumbai to South Mumbai, this bridge will save them a significant amount of travel time. It is to be built in 4 phases.
The sea link will provide a huge impetus for property development in Panvel
Phase 1 – Bridge spanning across Thane creek and Sewri interchange – 10.38km
Phase 2 – Bridge portion across Thane creek and Shivaji Nagar interchange – 7.8km
Phase 3 – Viaducts and interchanges that connect MTHL with State Highways 52 and 54 and National Highway 4B at Chirle – 6.3km
Phase 4 – Intelligent Transport Systems (includes Toll and Transport Management System) and equipment installation for the project.
As of April 2022, 76% of the work has been completed.
Marathon Nexzone, the finest township of Panvel is just 10 minutes away from MTHL.
4. Mumbai-Ahmedabad Bullet Train Corridor
The 650-km long bullet train project is a part of a high-speed rail corridor that is supposed to run from Ahmedabad to Pune, via Mumbai. The estimated cost of the project is INR 1.1 lakh crore. Starting from BKC in Mumbai, the bullet train corridor will have 12 stations including BKC, Virar, Thane, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati.
This Mumbai-Ahmedabad bullet train corridor will create demand for housing, retail and commercial real estate in various ways. While BKC is a prominent business district in Mumbai, the biggest beneficiary of the bullet train corridor will be the micro-markets. Areas surrounding the bullet train station like Kalyan-Shil road, Thane, and Dombivli will develop at an accelerated pace, driving the surge in real estate prices.
The bullet train will also offer seamless connectivity to these areas and cut down travelling time. As the high-speed rail corridor will drive the demand for affordable housing, townships projects like Marathon Nextown & Nexeworld will be at the forefront of this demand. These townships promise affordable family homes with a host of high-quality amenities that add value to your life.
Almost 99.4% of land acquisition has been completed in Gujarat, while only 60% of land has been acquired in Maharashtra. Because of the delay in land acquisition in Maharashtra, the completion date has been pushed to October 2028.
5. Airoli-Katai Tunnel Road
It is a 1.7km long road connecting Airoli to the Kalyan-Shil corridor via a tunnel cutting through Parsik Hill. The 1.7km Tunnel Road is a part of the 33.8km long road, starting from Airoli to Katai Naka on the Kalyan-Shilphata road. It traverses through mangroves, valleys, flyovers, and railway lines. The six-lane road will significantly cut down the travelling time between Airoli to Shilphata.
The Airoli-Katai tunnel road will change the lives of people living in Dombivli East, Kalyan-Shil road and Navi Mumbai. It reduces the travel time by approximately 30-40%. The tunnel road provides easy access to the industrial hubs of Badlapur and Bhiwandi. It also offers fast access to Mulund and other suburbs of Mumbai.
Once this tunnel road is operational, it will pave way for the emergence of shopping malls, colleges, commercial spaces and more. This infrastructure project will enhance the economic and real estate growth of Kalyan-Shil road, Navi Mumbai, and Dombivli.
6. Goregaon Mulund Link Road
Goregaon-Mulund Link Road (GMLR) is a 12-km long road infrastructure project that connects Mulund to Goregaon. It will play a vital role in reducing traffic congestion and cutting down the travelling time. As of now, it takes 80 minutes to travel from Mulund to Goregaon. Once the new road of GMLR is operational, this travel time will be reduced to as quick as 20 minutes.
This road will be a massive relief for people who commute daily to western suburbs for work purposes. The estimated cost of this project is 6,225 crores. The construction of flyovers started in March 2022. The same is expected to be completed by March 2023.
The work for the tunnel road will start next year in February 2023. The completed construction work will come to fruition in December 2025. The complete operations will begin in 2026. Marathon Millennium
7. Coastal Road
The coastal road is a 22-km long freeway connecting Marine Lines in the South to Kandivli in the north. The cost estimation of this upcoming infrastructure project in Mumbai is 12,000 crores. Currently, it takes around 2 hours to travel from western suburbs to South Mumbai. The operation of this road project will reduce this travelling time to 40 minutes.
This project will be built in 2 phases. The first phase is a 10-km section from Princess Street Flyover at Marine lines to BKC. The work in the second phase includes the construction of the Versova-Bandra sea link. The project is scheduled to be completed by November 2023.
This costal road will also host other recreational amenities like cycle tracks, sea promenade, open theatres, playgrounds, and much more. Landscapes will be developed and Indigenous trees will be planted along the open spaces.
These long-awaited infrastructure projects will forever change the way Mumbaikars commute. This ever-increasing smooth connectivity will also create enough traction in the real estate market.
The demand for flexible commercial offices and affordable homes in Mumbai will skyrocket in the coming years, as these infrastructure projects offer convenience. Whether you’re an end user or an investor, investing in Mumbai will be a great decision in the coming decade.
Marathon Group is a 52 year old real estate builder that has completed over 80 projects in the city. The Group has a wide portfolio of projects across affordable housing, luxury housing, townships, commercial spaces and retail spaces and has a presence in Mulund, Bhandup, Panvel, Dombivli, Kalyan-Shil, Byculla and Lower Parel.
To learn more about Marathon’s projects visit marathon.in