subject: Upcoming Real Estate Corridor - Mumbai Pune Expressway [print this page] Emerging as an upcoming real estate growth corridor Mumbai Pune Expressway. India's first six lane concrete, high-speed expressway covering over 93 kms of area connecting Mumbai with Pune. Mumbai Pune expressway starts at Kalamboli near Panvel and ends at Dehu Road near Pune reducing the travelling time between the two cities to approximately two hours.
Mumbai Pune Expressway have the presence of scenic beauty, lakeside views, pollution-free environment and natural surroundings is catching the attention of developers and investors. In near future the Mumbai Pune Expressway will witness new residential property where you will see the growth in the property.
Both Mumbai and Pune are among the busiest cities and are facing space constraint owing to more demand of residential property as the cities are expanding and wants to accommodate more housing projects resulting in the emergence of Mumbai Pune Expressway as a new growth corridor stricking the price of the residential property hike touching the expressway.
Another city based relator informed, availability of green environment and a natural touch experience is prompting both developers and buyers to invest in the residential property. The area has already noted a 10-20 percent appreciation in past 6 months and is exprected to grow in future with rising demand. Availability of space at less per sq. ft values compared to other central and secondary business district areas is the other attributes contributing in the augmentation. Rising demand, availability, affordable and improving infrastructure are four major factors fuelling expansion of the expressway into a realty destination.
Other developers such as La Tim Lifestyle & Relators Ltd. Launched two premium projects namely 'Vasudha Estates' and 'Serenity Villas' at MumbaiPune Expressway. These residential property in Mumbai are offering affordable plots for construction of villas, bungalows as well as independent villas. Sternon Group is also developing the NRI mega-project 'The Magic Hills' in partnership with Mumbai based Garnet Construction. According to Rohit Parel from La Tim Lifestyle & Relators Ltd, Mumbai-Pune Expressway real estate market is extremely upbeat and the residential property price will rise in future. Keeping your residential property in the slab of high-rise in near future.
However prices at existing under construction projects are unlikely to see appreciation as unsold under-construction stock will increase significantly. There's been a lot of scope for strategic pre-launch bulk investment deals by high net worth individuals who can predict the market's direction. Many high net worth individual investors would have perceived this trend and already parked their monies in advantageously located residential property by well-funded developers. Completed highend projects will become costlier by mid-year, largely because of reduced supply in this segment.
