With infra push, Mumbai’s central suburbs becoming the most preferred choice of homebuyers

by Suman Gupta

This year’s Union Budget 2021-22 announced by the Finance Minister has tried to revitalize the infrastructure space in India which will have a multiplier effect on the Indian economy and help it stay on the path of growth. Just after the Centre, the State Government too in their budget laid a strong emphasis on infrastructure. The prominence given to urban infrastructural development through the expansion of the metro rail network and other infrastructure projects will help in seamless connectivity indirectly benefiting the real estate sector.

The changing landscape of the Mumbai Metropolitan Region has ensured the rise of prime residential hotspots and the central suburbs of Mumbai from Vikhroli to Mulund is one such stretch that has undergone metamorphosis in terms of infrastructure development over the years and emerged as a great investment avenue. The development of the Eastern Express Highway, along with JVLR and the Eastern Freeway, has significantly improved the connectivity to other parts of the city and aided the rapid transformation of the Central suburbs. The proposed Kanjurmarg site for the Metro depot too will become perhaps the city’s biggest Metro hub if materialized. Post the completion of the multiple metro rail lines in the region, connectivity and access will be enhanced to a totally new level.

Describing the growth story of the central suburbs Mr. Rajat Rastogi, Executive Director, Runwal Group said, “The infrastructure developments have enhanced connectivity from the central suburbs to other locations such as Navi Mumbai, Thane, South Mumbai along with the western suburbs. The presence of top-notch brands, hotels, malls and restaurants have provided the home buyers with access to a vibrant lifestyle. These factors have transformed the area into a great mix of convenience and leisure making it an ideal destination for those looking to be a part of the buzz, yet have the privilege of green tranquil surroundings.”

The central suburbs of Mumbai have excellent connectivity with the business districts of Thane, Powai, Andheri, Airoli and BKC as well as South Mumbai via LBS road, JVLR, Eastern Express highway, SCLR and the Eastern freeway. The stretch from Vikhroli to Mulund has an edge over other locations due to the presence of high-end residential complexes loaded with state-of-art modern amenities and facilities. It holds the three aces of accessibility, affordability and appreciation potential consolidated with good social infrastructure and workplace hub integration. The icing on the cake is the presence of green surroundings which is a major draw for home buyers looking to live in the city and yet be away from the congestion. Reputed real estate developers have already established their presence in this belt owing to its growth potential.

Today, it is a vibrant, pulsating suburb that boasts of well-developed infrastructure, remarkable connectivity and high quality residential projects that have made this market a hot favourite amongst buyers seeking a lifestyle home.