City of Mumbai works towards spreading its residential footprints
Maharashtra’s Mumbai finally decides to put efforts and increase its residential footprints. Out of the details given by Crisil Research, Ghatkopar micromarket consists of important areas including Ghatkopar, Chembur, Kurla and Vidyavihar. The micromarket is to be responsible for around 3% of the entire supply of homes in the city of Mumbai. Out of this, around 50% is found in the area of Ghatkopar.
The locations of this micro market have been having well established connections with other places in Mumbai through roads as well rails. Speaking of roads, there is Eastern Express Highway and of rail there are the Central and Harbour Lines.
Improvement of connectivity through a large number of projects which could be infrastructural includes the Versova-Andheri-Ghatkopar-Metro Line that is about to come up soon, the Eastern Freeway which stands as a point of connection between South Mumbai and the eastern suburbs of the same city, the new Santacruz Chembur Link Road which has become operational quite recently and the monorail of section of Chembur Wadala has already led to the rapid increase in price among the real estates.
Source – Crisil Research, June 12th 2014
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