Several ambitious infrastructure projects are rapidly transforming the landscape of Mumbai. These advancements are poised to redefine the city's connectivity, boost its transit infrastructure, and elevate the general standard of living for its residents. In 2024, several key infrastructure projects in Mumbai are slated for completion, signifying a major achievement in its transformation into a global metropolis. Let us get into the details of infrastructure projects now in progress.

Mumbai Coastal Road Project

The coastal road project in Mumbai is a highly awaited infrastructural endeavour for the city. This eight-lane freeway, which stretches over a distance of 29.2 km, will establish a direct link between South Mumbai and Western Mumbai. As a result, it will greatly reduce the amount of time required to commute between these vibrant regions. The coastal road is intended to alleviate traffic congestion and facilitate more efficient commutes.

It is anticipated that the road will reduce travel time from almost two hours to a mere 40 minutes. The project is expected to enhance connectivity and also the value of real estate in places such as Marine Drive, Mahalaxmi, and Worli. The projected increase in prices is estimated to range from 5 to 15 percent.

Navi Mumbai International Airport

The Navi Mumbai International Airport, scheduled to begin operations in 2024, will have a significant impact on the Mumbai Metropolitan Region. This modern airport is specifically intended to accommodate a capacity of 60 million people per year and handle 2.5 million tonnes of cargo by the year 2032. The airport covers an area of 1,160 hectares and includes two runways and three terminals.

This project, situated in Ulwe, Navi Mumbai, will help to reduce the burden on Mumbai's Chhatrapati Shivaji Maharaj International Airport by increasing the region's aviation traffic capacity and stimulating economic development.

Mumbai Metro Line 3

The Mumbai Metro Line 3, commonly referred to as the Aqua Line, is an essential element of the city's metro expansion strategy. The underground route, spanning a distance of 33.5 km, will establish a connection between Colaba-Bandra-SEEPZ, passing through important districts such as Cuffe Parade and Bandra Kurla Complex (BKC).

The project, with an estimated cost of over Rs 33,000 crore, is anticipated to be completed in stages over the course of 2024. Once finished, the project will cater to almost 1.6 million commuters per day, resulting in a substantial decrease in trip duration and alleviating traffic congestion. Line 3 of Mumbai's public transport system is at the forefront of technological advancement with the implementation of autonomous metro trains with GoA 4 technology.

Versova Bandra Sea Link (VBSL)

The Versova Bandra Sea Link (VBSL) is a significant project aimed at enhancing connectivity in Mumbai. The proposed expansion of the current Bandra-Worli Sea Link will establish a connection between Versova and Bandra, covering a distance of 17.17 km. The VBSL (Virtual Bus System Line) is being constructed with the intention of offering a fast and secure mode of transport.

The project is scheduled to be finished by August 2027, and there will be a designated period until December 2028 to address any potential defects. The VBSL, with its traffic monitoring systems, emergency rescue measures, and noise barriers, will improve the city's coastline connectivity and support the real estate growth in the western suburbs.

Mumbai Trans Harbour Sea Link

The Mumbai Trans Harbour Sea Link (MTHL), which was just inaugurated, is the longest sea bridge in India, spanning a distance of 21.8 kilometres from Sewri in South Mumbai to Chirle in Nhava Sheva in Navi Mumbai. This six-lane bridge decreases the duration of commuting to around 20 to 25 minutes and is projected to have a lifespan exceeding 100 years.

The Mumbai Trans Harbour Link (MTHL) will enhance connectivity and stimulate economic development by enhancing transport between Mumbai and Navi Mumbai, hence bolstering the real estate sector in both areas.

Airoli Katai Naka Freeway

The Airoli Katai Naka Freeway is an ambitious project that connects the Airoli Bridge to Parsik, Shilphata, and Katai Naka. This elevated freeway, which stretches over a distance of 12.3 km, would consist of six lanes and enhance the connectivity between Thane, Kalyan, and Badlapur.

The project is being implemented in a tripartite manner, with the initial phase aimed at establishing a connection between Thane Belapur Road and NH-48 in close proximity to the Mumbra bypass. This highway is anticipated to bolster the real estate sector in these regions by offering improved accessibility and reducing travel time.

The Final Word

Mumbai's infrastructure development in 2024 is poised to deliver significant and far-reaching changes to the metropolis. Infrastructure developments such as the coastal road, Navi Mumbai International Airport, Mumbai Metro Line 3, and Versova Bandra Sea Link are not only improving connectivity but also fuelling substantial expansion in the real estate sector. These advancements underscore Mumbai's dedication to providing top-notch infrastructure and enhancing the standard of living for its residents, establishing the city as a prominent worldwide metropolis.

Frequently Asked Questions

1. How will the Mumbai Coastal Road Project impact real estate in Marine Drive, Mahalaxmi, and Worli?

Ans: The Mumbai Coastal Road is expected to reduce travel times and enhance connectivity, potentially increasing real estate prices by 5 to 15 percent in these prime Mumbai locations.

2. What is the significance of the Navi Mumbai International Airport for Mumbai's development?

Ans: The Navi Mumbai International Airport, operational from 2024, will ease congestion at existing airports, boost economic growth, and enhance aviation capacity, benefiting the entire Mumbai Metropolitan Region.

Infrastructure Projects in Mumbai 2024

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