Impact of Infrastructure Development on Real Estate in Mumbai rahejauniversal.com

With the rise in demand for better transportation facilities the new metro lines, roads, highways, bridges, trans harbor links etc reduce the commute times bringing different parts of the city closer to each other. Remote areas in the outskirts are now turning into residential hot spots due to the easy accessibility. The rise of these spots drives residential property prices as they develop better facilities and social infrastructure. For example, the development of the eastern freeway led to the rise in property prices in Chembur and Wadala.