Experts View on Mumbai Trans Harbour Link, a game changer for real estate | Colliers | Andromeda Realty

1) Mr. Sunil Dewali, Co-CEO of Andromeda Sales & Distribution Pvt Ltd, parent company of Andromeda Realty Advisors

Panvel and adjoining areas of Navi Mumbai are on the verge of seeing a huge Economically & Realty boost with the Mumbai Trans Harbour Link (MTHL) project all set to get completed.

Once MTHL is operational and with the airport on the fast track, property prices will skyrocket, transforming Panvel and the Navi Mumbai region into the next big realty destination after Mumbai.

Commuting on the MTHL Bridge from Mumbai to Navi Mumbai will be reduced to 20 minutes, against the current commute time of more then 2 hours. The time to reach Panvel will be around 40 mins, and at the same time, one can cross Bandra in the western belt or Sion in the eastern belt. And prices in these belts are like 3 to 4 times as compared to lands on the other side of MTHL. 

It will also be linked with the Mumbai-Pune Expressway through an elevated corridor.

This would be beneficial for frequent travellers from Mumbai to Pune. 

It will also pass by the under-construction Navi Mumbai International Airport.

Property prices are already on the rise and are expected to increase in the next coming months. Developers from across the country are vying with each other to establish their presence here. Looking at the future growth potential, home buyers and investors to are rushing to invest in properties in Panvel and Navi Mumbai region.

2) Vimal Nadar, Senior Director, Research | Colliers India

“Probably for the first time in decades, Mumbai Metropolitan Region (MMR) is undergoing a transformative infrastructure upgrade on a scale previously unseen. The upgrade has the potential to reimagine the real estate landscape of the city, somewhat liberating it from the growth limitations that comes from the virtue of being a linear city. The upcoming Mumbai Trans Harbour Link (MTHL) offers an efficient alternative route connecting Sewri and Chirle slashing the travel time between the two nodes from 2.5 hours to merely 30 mins, easing traffic congestion and improving intra-city connectivity significantly.

Key micro markets like Central Mumbai and Navi Mumbai are poised to witness heightened commercial and residential activity led by improved connectivity. Areas under the influence zone of the project corridor including Sewri, Chirle, Ulwe, Kalamboli and Panvel will see plethora of real estate opportunities across asset classes. All such relatively dormant localities are set to embark upon a high real estate growth trajectory sooner rather than later, providing lucrative investment options within MMR. Interestingly, the enhanced connectivity will revitalise real estate activity in the old CBD area of South Mumbai, leading to opportunities for retrofitting for investors and developers. Once operational, MTHL will also be pivotal in connecting the data centre hotspots within Navi Mumbai to rest of the MMR. All in all, the real estate landscape in and around the project stands to benefit immensely and holds remarkable property appreciation potential.”