By ROHAN KHATAU
The year 2023 saw the rejuvenation of micro markets mainly across the western suburbs of Mumbai due to new Metro line connectivity. Areas lying across Andheri to Borivali have benefited immensely resulting in improved social infrastructure as well. With these infra upgrades suburban areas are now better connected to South Mumbai.
In 2023, there was a significant revitalization of micro markets, particularly within the western suburbs of Mumbai. This rejuvenation was primarily attributed to the introduction of new Metro line connectivity. The areas spanning from Andheri to Borivali experienced substantial benefits from this connectivity upgrade, leading to an overall enhancement of the social infrastructure in these regions. The infrastructural improvements have played a pivotal role in connecting suburban areas more efficiently to South Mumbai, thereby reducing travel time and increasing accessibility.
Outlook for 2024
Looking ahead to the year 2024, there is anticipation on the completion of several major ongoing infrastructure projects. Upcoming projects like the Coastal Road, promises to reduce travel time drastically, connecting South Mumbai with Kandivali in the western suburbs and then further north to Virar. This will provide a direct link to the Ahmedabad highway through Mira-Bhayandar road. The upcoming Mumbai–Ahmedabad bullet train project passing through Virar will positively impact the realty sector in the western suburbs of Mumbai as well.
The development of a robust metro network along with ongoing infra projects will positively impact and drive housing demand in the western suburbs like Borivali, making it one of the most preferred home buying and investment destinations in Mumbai. Consequently, this is expected to fulfil the aspirations of numerous home buyers, who are eagerly seeking to realize their dream of owning a home, in a well-connected and thriving environment. (The author is Director, CCI Projects)
