[ecis2016.org] With the Sanjay Gandhi National Park authority giving its approval, and the BMC allotting Rs 100 crores in its 2019-20 budget, for the construction of the Goregaon-Mulund Link Road, the property markets in both these locations could get a boost
The Goregaon-Mulund Link Road (GMLR) and the Mumbai Coastal Road. One of the most ambitious infrastructure projects of the BMC, the Rs 3,800-crore GMLR, has inched closer to reality after the approval from the Sanjay Gandhi National Park authority. Rajat Rastogi, executive director, Runwal Group, adds that “The allocation of Rs 100 crore by the BMC, in its Rs 30,692-crore budget for 2019-20, for the Goregaon-Mulund Link Road (GMLR), will be a game changer for the adjoining areas like Mulund, Nahur, Airoli, Kanjurmarg, etc. It will significantly cut down the east-west commute time and further boost the popularity of these areas. Mulund-Nahur belt is already a high appreciation realty market which has seen a major transformation in the last few years. GMLR will not only ease traffic congestion but will also improve connectivity and increase the demand for real estate in Mulund and nearby realty hubs.”
You are reading: BMC to focus on the completion of underground Goregaon-Mulund Link Road
Read also : Absence of information, high debt of cities impeding municipal bonds: Moody’s
As the road is proposed to be underground, it will have no negative impact on the biodiversity of the park. The GMLR is proposed to be a twin tunnel road, designed for three+three lanes. The length of the road, including approach road will be 5.5 kms. The tunnel will be 4.7 kms. The total length of the GMLR will be 14 kms. The six-lane GMLR will start near Film City, go five meters under the Sanjay Gandhi National Park (SGNP) and end at Mulund east, in Nahur village, near Amar Nagar.
[ecis2016.org] Mumbai Coastal Road promenade to overshadow Marine Drive walkway
Read also : All about the Central Government Employees Welfare Housing Organisation (CGEWHO)
Mulund, in central Mumbai, has witnessed a sea change in terms of infrastructure development and has emerged as one of the fastest growing suburbs, for premium residential development. There is an increase in demand for residential flats in the above areas, thereby, leading to a lot of infrastructure development. By easing traffic congestion and improving connectivity, the GMLR will boost the demand for real estate in Mulund and other nearby realty hubs. Unlike other suburbs, the Mulund-Kanjurmarg belt has massive greenery and open spaces that add a significant value to the habitability quotient.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle
