MMR Real Estate Landscape Transform By MTHL, Panvel As The Centre
MMR Real Estate Landscape: One major thing which would make affordable housing a reality in Mumbai’s peripheral region would be the Mumbai Trans Harbour Link (MTHL). MTHL would provide mass rapid transport linkage with business and jobs in South Mumbai to what would be the largest conglomeration of affordable housing located in and around the location where MTHL would ‘land’ in Maharashtra’s Raigad District, Maharashtra Chief Minister spoke about Affordable Housing.
From Panvel as the centre-point, the entire conglomeration which will come up as a result of MTHL will be arguably, the biggest chunk of affordable housing in Mumbai’s periphery. While the link will obviously provide a fillip to economic development and business growth which will stretch from Panvel as the central point to Pune and also locations like Alibaug on the Goa Highway, it will also provide the largest chunk of affordable homes for Mumbai’s home seekers.
With land acquisition and clearances in place, the state government is keen to speed up this much awaited ambitious project and with good reason for MMR Real Estate Landscape. MTHL will not just ease congestion along existing transport corridors, it will also provide an alternate route with quick connectivity from Mumbai to the JNPT Port as also the upcoming Navi Mumbai International Airport.
It will not just reduce travel time, but also offer Mumbaikars a new experience in global travelling options, in form of the Trans-Harbour linkage. The maximum impact will be centered around Panvel, which will become the emerging new Central Business District (CBD) of the Mumbai Metropolitan Region (MMR), as a result of MTHL.
The obvious gainer in these connectivity-plus infrastructure projects will be the home seeker, one who is looking for affordable housing. MMR Real Estate Landscape infrastructure projects will open up new real estate micro-markets, and locations apt for affordable housing projects to flourish.
It is not just housing which will gain, enhanced connectivity will provide new work spaces in locations like Panvel, which would not just be the new CBD, but also offer business spaces at affordable price-points. As a result, job creation opportunities will move, grow and flourish, thanks to the enhanced connectivity options, like MTHL.
Infrastructure projects including MTHL will ensure not just economic growth and opening up of new job creation hubs in locations near Panvel in the Raigad District, but also drive the future success story of affordable housing, effectively ensuring that home seekers in Mumbai and the MMR will finally be able to see their dream homes become a reality.
Source Link- http://businesswireindia.com/news/fulldetails/mthl-will-transform-real-estate-landscape-mmr-making-panvel-epicenter/56151