Date: April 28, 2021 Author: Team Piramal Realty
With the announcement by the Government of Maharashtra to transform the Mumbai Port area into a Sea Transport & Tourism Hub as per the evolving urban fabric, the infrastructural development aims to serve as a benchmark for port areas in metropolitan cities. The infrastructural expansion will see the 966.3 hectares of proposed eastern waterfront having a significant impact on the region’s overall development and lifestyle. The proposed development will offer better connectivity and have a positive influence on residential real estate.
The eastern waterfront consists of an extensive road and rail network. This transport infrastructure links the main regional corridors of the Eastern Freeway and Central Railway line. Additionally, a few locations on the waterfront will be deployed as passenger terminals for inter-city water-based traffic to the Gateway of India.
Here are some of the critical infrastructure developments that will have an impact on the overall development and lifestyle of the area:
The redevelopment of Mumbai’s Eastern Waterfront will also make way for 62 percent of open space for the public, which will make the area radically different from the rest of Mumbai. These developments will boost the demand for current and upcoming residential real estate projects in nearby areas, such as Piramal Aranya, a luxury residential project by Piramal Realty. The residents will have better connectivity, scenic views, open space, and an enhanced overall livability quotient.
MahaRERA # Piramal Aranya – Wing A : P51900003324 – MahaRERA # Piramal Aranya – Wing B : P51900018039 Wing C : P51900020330 Website: https://maharera.mahaonline.gov.in/ | This project is funded by HDFC Ltd.
Disclaimer- This article is based on the information publicly available for general use. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided herein.
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