Upcoming infrastructure projects in Mumbai are spread across the city which is aimed at multiple aspects to benefit the citizens. Such aspects are minimizing the supply & demand hassles, reducing traveling time to the nearest social infrastructures, etc. To know the list of the top 5 upcoming infrastructure projects in Mumbai, refer to this article for detailed information.
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Airoli Katai Naka Freeway
The Airoli Katai Naka freeway is the 12.30 km elevated 6-lane road project supervision under MMRDA.
This highway will be connecting the Airoli bridge to Parsik to Shilpata to Katai Naka in Maharashtra.
The estimated cost of the project is Rs. 944 crores.
The separation of the Airoli Katai Naka freeway project construction into 3 phases is been defined as
- Phase 1 holds 5.2 km. This road will be between Thane Belapur road & NH-48 near the Mumbra bypass. Out of 5.2 km, a 3.5 km section is under NH-48 & remaining 1.7km tunnel will be passing through Parsik hill.
- Phase 2 holds 2.2 km is an elevated road passing towards the east end of the Airoli bridge.
- Phase 3 holds a 6.3 km road constructed between NH-48 & Katai Naka. And it is parallel to the Diva-Pavel railway line.
Current Status Of Airoli Katai Naka Freeway
Being listed among one of the looked-after upcoming infrastructure projects in Mumbai, the Airoli Katai Naka freeway has elevated roads & tunnel is under construction since 2019.
Completion Date Of Airoli Katai Naka Freeway
Phase 2 of the Airoli Katai Naka Freeway project is been planned to be ready for operations in 2023.
Once the entire project is completed, the travelers between Mumbai, Kalyan & Badlapur Industrial estate will be mostly benefitted from this freeway.
So, the Airoli Katai Naka Freeway project’s estimated deadline is set for 2024.
To know the complete details about the project check out Airoli Katai Naka Freeway Project 2024 – Details, Status, and Latest Updates
Impact On Real Estate
Over the completion of the Airoli Katai Naka Freeway project, the development of educational institutes, malls, commercial buildings, etc will be seen in the main locations across the roadway.
And properties in Navi Mumbai & real estate in Dombivli will be experiencing major real estate benefits as growth in property rates.
A new airport called the Navi Mumbai International Airport will be constructed on a vast land of 1160 hectares located in the eastern Raigad district of Mumbai.
The airport will be linked to the Chhatrapati Shivaji Maharaj International Airport through a metro line.
And it will also be in proximity to Mumbai through the Mumbai Trans Harbour Link project that is currently under construction.
The airport will be capable of handling 10 million passengers annually upon the completion of its first phase, and its capacity will increase to 25 million and 60 million passengers after the second and final phases, respectively.
The estimated cost of the project is Rs. 16700 crores.
Current Status Of Navi Mumbai International Airport
Navi Mumbai International Airport is currently one of the upcoming infrastructure projects in Mumbai and it is still under construction.
Completion Date Of Navi Mumbai International Airport
Initially, it was scheduled that the 1st phase of this project would conclude in July 2024.
However, the latest update indicates that the first and second phases are being merged, and the construction of both phases is now expected to finish in December 2024.
The opening ceremony of the Navi Mumbai International Airport is set to take place in 2025.
To know the complete details about the project check out Navi Mumbai International Airport
Impact On Real Estate
Upon the completion of the Navi Mumbai International Airport, real estate prices in the area are expected to appreciate by approximately 10 to 15%.
This appreciation will be particularly beneficial for properties in Panvel, Kamothe, Ulwe, Taloja, Kharghar, and other nearby locations.
Mumbai Metro
The Mumbai Metro project is a total of 337 km master plan divided into 10 lines. And these 10 lines are separated into 17 sections.
Out of those 17 sections, Maha Mumbai Metro Operation corporation (MMMOCL) plans to initially operate two of its Metro Lines. Those are Line 2A and Line 7.
Line 2A will cover a distance of 18.6 km and consist of 17 stations, running from Dahisar to D. N. Nagar.
Line 7, on the other hand, will run from Dahisar (E) to Andheri (E) covering a distance of 16.5 km and comprising 13 stations.
To provide passengers with ease and punctuality, a total of 44 train sets with 6 coaches each, manufactured using the “Make in India” concept, will be deployed.
MMMOCL will introduce driverless metro trains equipped with GoA 4 technology, which can accommodate a maximum number of passengers and come with fully air-conditioned coaches.
In addition, all stations will feature solar panels and CBTC signaling systems to ensure passenger safety and reduce travel time.
Current Status Of Mumbai Metro
Currently, metro line 1, 2A & 7 are fully operating from 2oth February, 23. And lines 2B, 3, 4, 5, & 6 are under construction. Lines 8, 11, 12, 13, & 14 are the proposed lines.
Completion Date Of Mumbai Metro
The Mumbai metro project is being constructed in 3 phases. And overall completion of the Mumbai metro construction is estimated to be in October 2026.
And currently, this is one of the most awaited upcoming infrastructure projects in Mumbai.
Impact On Real Estate
Thus far, the Mumbai Metro has had a positive impact on the prices of property in Mumbai due to its enhanced connectivity and amenities, as well as reduced travel time on the roads.
Experts in the real estate industry predict that the metro will continue to shape property price trends in various localities and influence real estate prices in Mumbai.
Versova Bandra Sea Link
Multiple upcoming infrastructure projects in Mumbai are currently in progress, among which the Versova Bandra Sea Link (VBSL) stands at top of the list.
This project involves the construction of a new sea link bridge that will connect Nani Nani park at the Versova location to Bandra in the present Bandra-Worli sea link, with additional connections at Juhu-Koliwada and Otter’s club to maximize connectivity to various locations.
To ensure the safety of travelers, the VBSL will be equipped with various facilities such as traffic monitoring systems, emergency rescue systems, bus bays with shelters, street lights, and noise barriers.
Current Status Of Versova Bandra Sea Link
At present, the Versova Bandra sea link project is still under construction.
Versova Bandra Sea Link Completion Date
The expected date of completion for the construction of the Versova Bandra Sea Link has been rescheduled to December 2026.
Additionally, the estimated date for the planned defect liability period has been set to December 2028.
To know the complete details about the project check out Versova Bandra Sea Link 2024: Project Completion Date, Current Status, and Map
Impact On Real Estate
The upcoming Versova Bandra Sea Link is anticipated to create opportunities for real estate growth in the vicinity of Versova, including areas such as Kandivali, Borivali, Mira Road, and others.
Already, the project has a positive impact on the prices of properties in Andheri, as well as in nearby regions like Goregaon, Kandivali, and Borivali real estate.
Mumbai Coastal Road
The Mumbai Coastal Road project spans a total length of 29.20 kilometers, providing a much-needed solution to the typical two-hour travel time between South Mumbai and Western Mumbai by reducing it to just 40 minutes.
The route will comprise several components such as bridges, tunnels, culverts, interchanges, landfilled roads, and eight lanes across the roadway. The project has acquired 186 hectares of land.
Being waited as one of the upcoming infrastructure projects in Mumbai is expected to bring a host of benefits. Such as a reduction of travel time by 70%, efficient road connectivity, a 34% reduction in daily fuel consumption, a decrease in city traffic, and real estate development, among others. The project’s closest localities are Marine Drive, Mahalaxmi, & Worli.
The estimated cost of this upcoming Mumbai Coastal Road project is Rs. 12000 crores.
Mumbai Coastal Road Current Status
The Mumbai Coastal Road project is separated into northern and southern segments. Currently, the southern portion of the project, stretching from Princess Street flyover to already established Bandra Worli Sea Link is almost 70% completed.
This information was verified by a senior official from the Mumbai Metro Corporation.
Mumbai Coastal Road Completion Date
The Mumbai coastal road project is expected to be completed by June 2024. And for more detailed information check out Mumbai Coastal Road 2024 – Map, Current Status, and Latest Update
Impact On Real Estate
The upcoming Mumbai Coastal Road project is anticipated to have a significant impact on the growth of housing demand in nearby suburbs, leading to a rise in property prices.
Recent reports suggest that the project has already caused property prices to appreciate by 5 to 15 percent.
In the future, the project is expected to benefit property markets in several areas, including Borivali, Dahisar, Bandra, Goregaon, Bhayandar, Mira Road, Andheri, and property in Kandivali.
FAQs
| Which are the upcoming infrastructure projects in Mumbai?
Airoli Katai Naka freeway, Navi Mumbai International Airport, Mumbai Metro, Versova Bandra Sea Link & Mumbai Coastal Road projects are the looked-after upcoming infrastructure projects in Mumbai. |
| Is the Navi Mumbai International airport project completed?
No. Navi Mumbai International airport project is expected to be completed by December 2024. |
| How Mumbai Coastal road is impacting real estate?
As the Mumbai coastal road project is in progress, it has already impacted the real estate sector by 5 to 15% property price appreciation at the surrounding localities. |
| What is the Current Status Of Airoli Katai Naka Freeway?
The current status of the Airoli Katai Naka freeway project is still under construction. |
