The projects include the Mumbai Metro, especially the lines which are set to be operational by 2024; the Mumbai Trans Harbour Link (MTHL); and Phase 1 of both the Coastal Road Project (CRP) and Navi Mumbai International Airport (NMIA).
In tandem with improved connectivity, commercial office micro markets of Bandra Kurla Complex (BKC) and western suburbs will see an uptick in annual leasing. The traditional micro markets of old CBD and central Mumbai are set to receive a major facelift while the satellite market of Navi Mumbai will offer a plethora of real estate opportunities, said a report by property consultant Colliers.
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