Mumbaikars can save Rs 4,600 crores annually, by staying in the right location: Report

[] Mumbaikars can save up to Rs 4,600 crores annually, if they start living in locations that suit their working requirements, a survey has revealed

According to a study conducted by property portal NoBroker, Mumbaikars, as a group, can save up to Rs 4,600 crores and commuting time worth 1.35 lakh years, by staying at suitable locations. “The financial capital of the country can significantly improve its commuting woes, if its people start living in the right location that best suits their working requirements,” the report said.

You are reading: Mumbaikars can save Rs 4,600 crores annually, by staying in the right location: Report

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It said the city has a working population of over 78.2 lakh individuals, of which, over 62.5 lakh people commute to work at least five days a week. “While a meagre eight per cent are lucky enough to spend only up to 15 minutes to reach their workplace, nearly 12 per cent spend 15-30 minutes, while 80 per cent of the population spends more than 30 minutes while commuting to/from work,” the survey revealed.

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Apart from that, the megapolis also has one of the largest vehicle populations in the country, with over 30 lakh vehicles plying on roads every day. According to the report, nearly 1.41 million tonnes of CO2, which is equivalent to 63 million trees, can be reduced by significantly cutting down on travel time to workplaces. “Thus, it can be inferred from the survey that residing in the right location, can go a long way in alleviating commuting hassles. It will also help in reducing the level of pollution in Mumbai in the long run,” it added.

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Category: Lifestyle

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