A few days back way after mid night i was coming from South Mumbai and since the roads were empty i stepped on the pedal and i was in Worli from Chowpatty - Marine Drive in like 10 min and then to Bandra West via Worli Sea Link in another 5 min so it took me around 15 - 20 min max to reach Bandra West. It got me thinking that once the Coastal Road opens up i be able to drive through sea link into Worli and then the connecting coastal road should take another 10 - 15 min to Chowpatty or Marine Drive and then to Nariman Point in another 5 min so from BKC to Nariman Point Max 30 Min - Bandra West to Cuffe Parade - Similar - 30 min +
This connection will have a huge real estate impact in real estate and with distances shrinking between Suburbs and South Mumbai we will see a deep calibration of real estate prices.
For Mumbai City a lot is happening as far as the infrastructure is concerned and by the Year 2025 we are looking at a Brand New City with lots of new infrastructure to start with Metros connecting the entire city till Thane, Eastern and Western Suburbs connecting Metros, East West Metro - Andheri West to Kanjur marg via Powai, Trans Harbour link from Sewri to Navi Mumbai side which will further ease commuting easier out of Mumbai.
CRZ rules have changed further to augment development of older buildings across the coast of Mumbai beginning from South Mumbai to Western Suburbs, which opens prime real estate. The next 5 years are extremely crucial for the real estate market in Mumbai. Developers are also working on cutting edge technology to fasten the speed of construction and Mumbai surely has seen a good speed of construction in the past 1 year and a launch of several projects across the city which have seen brisk sales. Oberoi Elysian A and B Wing at Goregaon East have seen some awesome sales and the impact is seen on the Oberoi Realty share price, Godrej, Lodha, Kalpataru and a lot of top developers have seen some good sales both in Under Construction and Ready Possession segments.