The impact of the Coastal Road on real estate prices in Mumbai is a complex issue, and it depends on a variety of factors, including the specific location of the property in question, the type of property, and the demand for real estate in the area.
The Coastal Road project is expected to improve connectivity and reduce travel time between different parts of Mumbai, which could make certain areas more attractive to potential buyers or renters. This increased demand for property could lead to higher real estate prices in some areas.
On the other hand, the construction of the Coastal Road may also disrupt the local real estate market in some areas, as residents and businesses may need to be relocated to make way for the project. In some cases, this could lead to a temporary oversupply of properties in certain areas, which could put downward pressure on real estate prices.
Overall, the impact of the Coastal Road on real estate prices in Mumbai is likely to be complex and multifaceted, and it will depend on a variety of factors. It is important to analyze each specific location and property to understand its unique situation and the potential impact of the Coastal Road.