March 17, 2015 Comments (0) Views: 4584 Assorted, Navi Mumbai

Navi Mumbai rising: 8 infrastructural development to watch out for

This city of dreams has seen its 2 most ambitious sister localities unfold and gain mammoth popularity through the last decade- Navi Mumbai, presumed as world’s largest satellite township and Thane, the commercial cum residential magnet. Several business parks and hubs, SEZs and MIDC industrial and business area have motivated huge number of families to move in to these organized living zones.

Real estate is one front which has kept it’s scores high. Be it Nerul, Palm Beach road, Vashi, Panvel, Kharghar, Ghansoli or the relatively new areas scorching with ‘lifestyle living’ standards of New Panvel, Ulwe and Palava City, this financial year gives promising vibes of a steep increase of 20- 30% in the Navi Mumbai real estate sector.

Watch out the top 6 link ways and corridors that add on to the city’s infrastructural excellence:

1. Ghansoli- Koparkhairane- Ghatkopar connecting bridge:

This will be the third bridge connecting Navi Mumbai to Mumbai after the Vashi and Airoli bridges. The bridge begins at the Ghansoli- Mahape area, 10 mins from Shil- Phata road, bee-lining its way through the satellite city to the commercially engaging part of eastern Mumbai, Ghatkopar.

2. Navi Mumbai International Airport:

The most talked about edifice of the satellite city, this 2300 hectares of agricultural land has been proposed as the international airport site to decongest the air traffic from the Chhatrapati Shivaji International Airport. The airport is scheduled to have 2 parallel runways and a whopping 9500 crore INR is the estimated budget to build this stalwart stretch of airfield. The construction would begin by Nov, 2015 and completion date is scheduled at mid 2019.

3. L&T Grand Central:

This sprawling 40-acres project is perhaps one of the most anticipated infrastructural development for the Navi Mumbaikars, after of corse the international airport. The same boasts of a diligent concoction of entertainment, business, retail and F&B. The realtor giant, L&T have started developing this hub along with Seawoods railway station in full swing and is scheduled to roll out by mid 2017.

4. Sewri- Nhava Sheva Trans Harbour Link:

This spectacular 6 lane free way is a proposed 22km stretch linking SoBo to Navi Mumbai, estimated at a budget of mighty 11,000 crore INR. This will not only solve the commuter’s despair of the lengthy travel from Panvel to south Mumbai but also splendidly interconnect the island city with its satellite counterpart. The construction of the project is yet to begin and completion due date is scheduled to 2020. The completion of this sea link would bejewel the city’s unabashedly gorgeous skyline.

5. Palava City:

Lying at the job triangle of Navi Mumbai, Thane and Kalyan, this is India’s first smart city being built, managed and embellished by Lodha group. This sister city of Mumbai (4000 acres land parcel) has lifestyle residential apartments, schools, a 9- hole golf course, soccer and cricket grounds, lawns and parks enveloped by jogging tracks, several medical clinics, club houses already operational. The upbeat lifestyle would soon begin as PVR 5 Screen Multiplex, Big Bazaar, McDonalds, Hyper City and other apparel and F&B retail outlets spring open at the high street malls encompassing Palava city, adding a feather to Navi Mumbai’s transcending lifestyle culture.

6. SEZ:

Government owned SEZ and the underpinning of Rs. 4000 crore by PM Narendra modi at the Jawaharlal Nehru Port Trust. This makes way for an expected price rise of 20-30% sufficing the real estate sector boom.

7. Navi Mumbai Coastal Road: