How Atal Setu is a game changer in real estate sector
The Mumbai Trans Harbour Link, India's longest sea bridge, spanning 22km with a 16.5km extension into the sea, the MTHL's influence on the Mumbai Metropolitan Region will be profound.
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The sea bridge is poised to significantly shorten travel time between Mumbai and Navi Mumbai to just 20 minutes which otherwise takes 2 hours.
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The MTHL is expected to solidify Mumbai's status as a vibrant real estate hub, appreciating prices and spurring significant real estate growth.
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“The Mumbai Trans Harbour Link is a game-changer! I see this engineering marvel transforming connectivity and our real estate landscape," said Manju Yagnik, Senior VP of NAREDCO, Maharashtra.
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Property prices in these regions are already witnessing an upward trend, and we expect this to solidify post-inauguration, added Manju.
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The ongoing construction of a 337 km metro network, the operational 46 km segment, and plans for an additional 50 km will make Mumbai a vibrant real estate hub, said Ayushi Ashar, Director Ashar Group
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The MTHL comes as a welcome change as it will certainly democratise the real estate market connecting places like, Panvel, Sewri, Navi Mumbai, and Chembur.
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Property value in the neighborhoods that the MTHL passes through will grow into major centres of Mumbai and the properties would see an upward trend, said Sundeep Jagasia, MD, Shree Krishna Group.
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Chembur has been the direct beneficiary of some of Mumbai's key transformative infrastructural projects.The MTHL project with its speedy hassle-free travel passage, Jagasia added.
Source: MMRDA
"This project would help cover the distance between Mumbai and Navi Mumbai in just 20 minutes which otherwise takes 2 hours," according to Maharashtra CM Eknath Shinde.
Source: PTI
MTHL is the longest sea bridge in the country that will connect Mumbai with the Mumbai-Goa Highway, Vasai and Virar, Navi Mumbai, and Raigad districts. It is constructed for ₹18,000 crore.