By Barsha Mishra: For any kind of real estate market to grow and flourish, one of the most important things required is infrastructure. There is no denying the fact that the growth and development of infrastructure is directly and indirectly related with the growth of real estate industry. It is true that Mumbai, which is a city that never sleeps, have faced multiple delays in the construction of its major infrastructural projects. However, last year, the city has witnessed large numbers of infrastructural projects getting completed, and this has definitely contributed to the growth and development of the city, as a whole. It has also been seen that several new projects are on its way and the completion of these would make an excellent infrastructure in Mumbai.
Successful Completion Of Many Projects:
Right from the first monorail service in the country to the first double decker flyover, the city has been projects getting successfully completed. As these projects were on its way of completion, several builders have already started investing in plots of lands for residential and commercial complexes. Along with the growth of infrastructure, other business sectors like banks and healthcare received a boost. The combination of these things has led to the growth of real estate industry to a great extent. Increasing numbers of people are looking forward to investing in different residential properties currently.
Introduction Of Monorail Service and flyover:
As mentioned, it was in Mumbai that the monorail service was first established. It runs on a track of 8.9km in the section of Wadala- Chembur in the central eastern section of Mumbai. This has definitely contributed a lot in the improvement of transportation system. There are also plans that the monorail service will be extended to a corridor of 20km. Lots of properties have been build surrounding this area. The eastern freeway is India’s second largest flyover and is divided in three parts. It covers many areas in Mumbai and these areas have experienced growth in real estate. The double decker flyover is also India’s first flyover that provides quick connectivity from east to west.
Interest Of Lots Of Developers:
There are several new infrastructural projects in Mumbai that are on its way of construction. This has contributed a lot in grabbing the eye ball of real estate developers that have come up with many new projects for various areas. Consequently, home buyers can find opportunities in investing in different complexes that have come across various locations. Reliable and reputed developers have led to the development of infrastructure and real estate industry of Mumbai.
Solutions For Civic Issues:
There are of course lots of civic issues that need to be handled correctly. While investing on any project, it is a great idea to hire experts that can guide you in the legal affairs and procedures. They will also get the property inspected and make sure that the papers are perfect. As a result, you will be free from any kinds of legal hassles in the future. Therefore, it is time to make your move accordingly.