The construction of the coastal road in Mumbai is expected to have a significant impact on real estate prices in the city, particularly in areas that are directly affected by the new infrastructure development.
One of the main benefits of the coastal road is that it will significantly reduce travel time between different parts of the city, which could make certain areas more desirable for both residential and commercial purposes. This could result in an increase in demand for properties in these areas, which may lead to an increase in real estate prices.
In addition, the coastal road is expected to improve the overall infrastructure and connectivity of the city, which could lead to an overall increase in property values across Mumbai. This is because improved infrastructure often leads to increased economic activity, job opportunities, and a better quality of life for residents, all of which can contribute to higher property values.
However, it's important to note that the impact of the coastal road on real estate prices will likely vary depending on the specific location and other factors such as existing infrastructure, availability of amenities, and overall market conditions. Some areas may see a more significant increase in property values than others.
Overall, it's expected that the coastal road in Mumbai will have a positive impact on real estate prices in the city, particularly in areas that are directly affected by the new infrastructure development. However, it's important to keep in mind that the real estate market can be unpredictable and impacted by many factors beyond just infrastructure development.