On the list of upcoming infrastructure projects in Maharashtra, there are a few projects which will leave a big impact on maximizing connectivity, reducing traveling hassles for people & increasing real estate demand. So, we have listed the top 5 upcoming mega projects in Maharashtra with detailed information. Read this article to know its current status, completion date & real estate impact in the coming future.
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Delhi Mumbai Expressway
The Delhi-Mumbai expressway is a total length of 1350 km passing through various states such as Delhi, Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, & Haryana.
The features provided for the safety of travelers in the Delhi-Mumbai expressway are food courts, hotels, ATMs, retail shops, fuel stations, helipads, trauma centers for accident victims, etc. These wayside amenities will be installed at 93 places along the expressway.
The Delhi-Mumbai expressway route is been divided into four sections as
- DND – Faridabad – KMP Route
- Sohna – KMP – Vadodara Route
- Vadodara – Virar Route
- Virar – JNPT Route
The usual travel time between Delhi & Mumbai was 24 hours. However, over the completion of this expressway, the travel time between these locations will be reduced to 12 hours.
This being one of the most significant upcoming infrastructure projects in Maharashtra is estimated to cost around Rs. 100000 crores.
Current Status Of Delhi-Mumbai Expressway
NHAI officials clarified that Delhi to Vadodara section was planned to be completed by Dec 2022. However, now the mentioned routeway will be completed in the upcoming months.
Completion Date Of Delhi-Mumbai expressway
The Delhi-Mumbai expressway’s latest completion deadline is kept to June 2024.
Impact On Real Estate
The Delhi-Mumbai expressway is estimated to bring a big impact on the growth of commercial & residential sectors. Mainly, the property in Mumbai, Gujarat, Rajasthan, and Delhi will get major support through this expressway plan.
This is because of enhanced connectivity, the development of new townships, large-scale logistic parks, business parks, etc are notable reasons.
Samruddhi Mahamarg
The Samruddhi Mahamarg is the upcoming infrastructure project in Maharashtra. It is the expressway route planned to reduce the travel time between Mumbai & Nagpur locations.
The total length of the expressway is 701 km. And it has 25 interchanges, 6 tunnels, 65 flyovers, 8 railway over bridges, and 392 villages across the roadway.
The MSRDC intended through the Samruddhi Mahamarg project to accelerate growth in the aspects such as agriculture, township, tourism, & industrial hub.
Over the route of Samruddhi Mahamarg, the roadway passes through 24 districts named Mumbai, Thane, Nashik, Aurangabad, Ahmednagar, Jalna, Washim, Buldhana, Amravati, Nagpur, etc
The total estimated cost of the Samruddhi Mahamarg project is Rs. 55000 crores.
Current Status Of Samruddhi Mahamarg
Prime Minister Narendra Modi recently inaugurated the succeeded first phase of the project which has the route between Nagpur to Shirdi.
However, this being an upcoming infrastructure projects in Maharashtra is lacking in the competition of construction work of the second phase.
Completion Date Of Samruddhi Mahamarg
The overall completion of the Samruddhi Mahamarg project is estimated to be on July 2024.
Impact Of Real Estate
Connectivity helps in gaining infrastructural & economical development of the locality. Similarly, Samruddhi Mahamarg will impact by maximizing the connectivity options for Mumbai to Nagpur.
Real estate property in Thane, Shirdi, Ahmednagar, Aurangabad, etc will seek growth in gaining the interests of developers across the nation.
Mumbai Coastal Road
The Mumbai Coastal Road project is of a total length of 29.20 km. The usual travel time from south Mumbai to western Mumbai was 2 hours. However, this roadway will bring that to 40 minutes.
This route will have mixed components such as bridges, tunnels, culverts, interchanges, landfilled roads, etc. And it will have 8 lanes across the roadway. The land acquired for this project is 186 hectares.
This upcoming infrastructure project in Maharashtra will benefit by saving 70% of travel time, well-organized road connectivity, saving 34% of fuel each day, reduction in city traffic, real estate development, etc.
Mahalaxmi, Marine Drive, Worli, etc are the closest localities available for the Mumbai Coastal road.
The estimated cost of the Mumbai coastal road project is Rs. 12000 crores. And this is one of the looking after upcoming infrastructure projects in Maharashtra.
Current Status Of Mumbai Coastal Road
This project is divided into the northern and southern parts, And currently, the southern part of it i.e from Princess street fly over to Bandra Worli Sea-link is almost 70% completed.
This is confirmed by the senior official of the Mumbai metro corporation.
Completion Date Of Mumbai Coastal Road
The expected completion date of the Mumbai Coastal Road project is kept as June 2024.
Impact On Real Estate
It is expected that this project will take up the growth of housing demand in the closest suburbs with rising property prices.
As per the latest sources, the Mumbai Coastal road has already shown a result of property price appreciation of almost 5 to 15 percent.
Property in Borivali, Dahisar, Bandra, Goregaon, Bhayandar, Mira road, Andheri & real estate in Kandivali is expected to get benefited from this project in the future.
You can check out Upcoming Infrastructure Projects in India 2024 to know the latest infrastructure projects in India, its current status, completion date & impact on real estate.
Versova Bandra Sea Link
The most significant upcoming infrastructure project in Maharashtra is get listed with multiple kinds of projects.
One of them is the Versova Bandra Sea link (VBSL), this is the new construction of the sea link bridge from Nani Nani park in Versova to Bandra in the Bandra-Worli sea link.
To maximize the connectivity to other locations, it has in-between connections at Juhu-Koliwada & Otter’s club.
Emergency rescue systems, traffic monitoring systems, street lights, bus bays with bus shelters, noise barriers, etc are some of the facilities provided for the safety of travelers through the Versova Bandra Sea link.
Current Status Of Versova Bandra Sea Link
Currently, the Versova Bandra Sea link project is under construction.
Completion Date Of Versova Bandra Sea Link
The revised construction completion date of the Versova Bandra Sea link is December 2026. And the revised date for the defect liability period is December 2028
Impact On Real Estate
This upcoming infrastructure projects in Maharashtra is expected to be pave a way for growth in real estate development near Versova such as Borivali, Kandivali, Mira road, etc.
This project has already helped in an upsurge of prices of property in Andheri, real estate in Goregaon, Kandivali, Borivali, etc.
Pune Ring Road
The Pune Ring road will bypass 29 villages of Pune. And it links to major highways such as Pune-Satara, Mumbai-Pune-Solapur, Pune-Nashik & Pune-Ahmednagar maximizing the connectivity options to other locations.
The ring road is 128 km long. And 29 villages will connect to the Pune Ring road through major highways such as Mumbai-Pune-Solapur, Pune-Nashik, Pune-Satara & Pune-Ahmedabad.
The total estimated cost of this project is Rs. 17412 crores. And this made it one of the costliest upcoming infrastructure projects in Maharashtra.
Current Status Of Pune Ring Road
Government officials clarified that construction work of the Pune Ring Road will start in February 2023.
Completion Date Of Pune Ring Road
The estimated completion date of the Pune Ring Road project is 2026.
Impact On Real Estate
The PMRDA has planned to town building scheme in areas like Mhalunge & Mann. And this township will be constructed on 700 acres of land.
And PMRDA is in the process of developing two townships in Holkarwadi, & residential projects in Autande Handewadi & Vadachiwadi.
The Pune ring road will maximize connectivity across Pune, enhancing the real estate property in Pune in the coming future.
FAQs
| Which are the top 5 upcoming infrastructure projects in Maharashtra?
Delhi Mumbai Expressway, Samruddhi Mahamarg, Mumbai Coastal Road, Versova Bandra Sea Link, & Pune Ring Road are the top 5 upcoming infrastructure projects in Maharashtra. |
| What is the completion date of the Delhi Mumbai Expressway?
The latest completion deadline for the Delhi-Mumbai expressway is December 2023. |
| When will the Samruddhi Mahamarg project be completed?
The overall completion of the Samruddhi Mahamarg project is estimated to be on June 2023. |
| What will be the impact of the Mumbai Coastal road on real estate?
The Mumbai Coastal road has already left an impact on real estate with property price appreciation of almost 5 to 15 percent on surrounding localities. |
