Mumbai’s extensive infrastructure expansion is increasingly influencing the city’s residential landscape, with improved transport links changing buyer preferences and strengthening demand across several established and emerging neighbourhoods.
Major projects including the Mumbai Trans Harbour Link (MTHL), Navi Mumbai International Airport, Coastal Road, Metro network, Goregaon-Mulund Link Road (GMLR) and other regional road upgrades are reducing travel times and expanding the residential reach of major employment centres.
The trend is visible across Chembur, Mulund, Bhandup, Thane, Kandivli, Malad and Borivali, where property values have risen by around 10-12% over the past two years, according to industry estimates.
“Infrastructure-led accessibility is influencing residential demand, pricing and redevelopment activity across micro-markets, translating into sustained changes in Mumbai’s housing geography. This has also contributed to a broader redistribution of housing demand across Mumbai and the region,” said Shishir Baijal, international partner & CMD, Knight Frank India.
He noted that neighbourhoods previously dependent on a single transport or employment corridor are increasingly being assessed within a broader metropolitan network.
Chembur has emerged as one example. “Chembur has emerged as one of the clearest examples of this shift. The suburb has benefited from its access to both the eastern and western parts of the Mumbai region, with projects such as the Bandra-Kurla Complex Connector, the Santacruz-Chembur Link Road, the Navi Mumbai airport and wider connectivity improvements strengthening its position as a central residential market,” said property consultant Pankaj Dembla.
Premium properties in Chembur are now reported at around Rs 47,000 – Rs 52,000 per sq ft.
Along LBS Marg, prices have crossed Rs 28,000 per sq ft, with the Rs 14,000-crore GMLR expected to strengthen east-west connectivity. The 12.2-km project includes flyovers, a 6.3-km twin tunnel beneath Sanjay Gandhi National Park and links with Metro 2A.
Meanwhile, Kandivli, Malad, Goregaon and Borivali have seen prices reach around Rs 28,000 – Rs 30,000 per sq ft, supported by Metro and road connectivity.
Metro Line 7 and the proposed Borivali-Thane tunnel could further expand commuting options, potentially supporting residential demand in locations once affected by weaker connectivity.
Source: Economic Times
