By 2030, India plans to invest more than Rs 143 lakh crore in infrastructure, concentrating on urban clusters that will propel the expansion of satellite townships. Important projects that are promoting urban growth and real estate development include the Mumbai Trans-Harbor Link, Navi Mumbai International Airport, and Jewar Airport.
With its multimodal connectivity, Navi Mumbai Airport would handle 9 crore passengers a year, bolstering nearby communities like Khopoli and Pen, where land prices may increase by about 3.9 times by 2030. Similar to this, Jewar Airport’s advantageous location along the Yamuna Motorway has spurred the development of Uttar Pradesh townships, as seen by the 1.4X increase in land prices over the last five years.
In places like Sriperumbudur, other initiatives like the Chennai Peripheral Ring Road are improving connectivity and boosting the real estate market. With 40% of the population predicted to reside in cities by 2030, these initiatives highlight India’s urbanisation and present investment opportunities in quickly growing urban centres.
Source: Bizz Buzz
