Spending of over Rs 5 lakh crore is being witnessed by India’s financial capital, Mumbai over upgrades. Large infrastructure projects worth Rs 5 lakh crore are being planned for its completion over next 3-7 years boosting connectivity within India’s financial capital, Mumbai. These include metro rails and road connectivity projects
Four landmark infrastructure projects, worth Rs 82,000 crore are expected to be completed over the next 18 months in Mumbai, providing a long overdue upgrade to India’s largest property market. The Mumbai Trans Harbor Link, Coastal Road, Mumbai Metro Line-3, and Navi Mumbai Airport are in their last phase of execution and are likely to be opened for public usage in the next 12 months. But, suburban property prices may rise as the projects are coming towards its completion, according to Jefferies
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Source: Business Upturn