Log In

 

Company Name : Hiranandani Communities

Monday, December 11, 2017 1:39PM IST (8:09AM GMT)

MTHL will Transform Real Estate Landscape in MMR, Making Panvel an Epicenter


Mumbai, Maharashtra, India

At the event in Mumbai where Dr Niranjan Hiranandani took charge as President (Nation) NAREDCO, the Maharashtra Chief Minister Shri Devendra Fadnavis spoke about Affordable Housing. Evaluating the various challenges, he remarked that the one major thing which would make affordable housing a reality in Mumbai's peripheral region would be the Mumbai Trans Harbour Link (MTHL). He explained that MTHL would provide mass rapid transport linkage with business and jobs in South Mumbai – to what would be the largest conglomeration of affordable housing located in and around the location where MTHL would 'land' in Maharashtra's Raigad District.

"The Hon'ble Chief Minister's observation was absolutely on target," explains Dr Niranjan Hiranandani. "From Panvel as the centre-point, the entire conglomeration which will come up as a result of MTHL will be arguably, the biggest chunk of affordable housing in Mumbai's periphery. While the link will obviously provide a fillip to economic development and business growth which will stretch from Panvel as the central point to Pune and also locations like Alibaug on the Goa Highway, it will also provide the largest chunk of affordable homes for Mumbai's home seekers," he points out.

With land acquisition and clearances in place, the state government is keen to speed up this much awaited ambitious project – and with good reason. MTHL will not just ease congestion along existing transport corridors, it will also provide an alternate route with quick connectivity from Mumbai to the JNPT Port as also the upcoming Navi Mumbai International Airport. It will not just reduce travel time, but also offer Mumbaikars a new experience in global travelling options, in form of the Trans-Harbour linkage. "The maximum impact will be centered around Panvel, which will become the emerging new Central Business District (CBD) of the Mumbai Metropolitan Region (MMR), as a result of MTHL," says Dr Niranjan Hiranandani. "As work spaces will relocate to the new CBD, demand for residential real estate to house the human resources will soar. MTHL will make a paradigm change in the real estate scenario of Mumbai and the MMR," he adds.

It is positive that infrastructure developments have been looped into the state's development plan. Like MTHL, these are focused on easing congestion and opening up new avenues of transport and communication across the MMR. The obvious gainer in these connectivity-plus infrastructure projects will be the home seeker, one who is looking for affordable housing. These infrastructure projects will open up new real estate micro-markets, and locations apt for affordable housing projects to flourish. It is not just housing which will gain, enhanced connectivity will provide new work spaces in locations like Panvel, which would not just be the new CBD, but also offer business spaces at affordable price-points. As a result, job creation opportunities will move, grow and flourish, thanks to the enhanced connectivity options, like MTHL.

Infrastructure projects including MTHL will ensure not just economic growth and opening up of new job creation hubs in locations near Panvel in the Raigad District, but also drive the future success story of affordable housing, effectively ensuring that home seekers in Mumbai and the MMR will finally be able to see their dream homes become a reality.

Dr Niranjan Hiranandani is Founder & CMD, Hiranandani Communities. He is the President, National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India.


Click here for Media Contact Details

Ritika Shah, Hiranandani Communities, +91-9833461094, rshah@hrealty.com


More News from Hiranandani Communities

06/06/2018 2:00PM

Home Buyers Look out for Holistic Living Experience

The well-heeled, well-educated and affluent home buyers of today are constantly on the lookout for luxury real estate projects that offer them high value, a unique status symbol, and state-of-the-art amenities.

17/05/2018 12:50PM

Emerging Economic Hub Across Mumbai Harbour: Alibaug

On the shores of the Arabian Sea, situated a short distance away from the Mumbai shoreline, Alibaug is a tourist destination which for years has been a sleepy hamlet. This is set to change; Alibaug has the potential to ...

09/05/2018 4:50PM

Hiranandani Signature - GIFT IFSC Awarded Best Commercial Project of the Year 2017-18

Gujarat International Finance-Tec City (GIFT City) is India’s first operational Smart City and IFSC. Within the IFSC, Hiranandani Signature is the first fully functional commercial space.

Similar News

22/06/2018 9:22PM

एईटोसवायर ने शुरू की अपनी खोजपरक प्रेस वीडियो सेवा

एईटोसवायर, न्यूज सर्विसेज ग्रुप की समाचार वितरण शाखा और एमईएनए क्षेत्र में बर्कशायर हैथवे कंपनी बिजनेस वायर की विशिष्‍ट प्रतिनिधि ने एक खोजपरक प्रेस वीडियो सेवा शुरू की है, जो लिखित प्रेस विज्ञप्ति ...

No Image

22/06/2018 8:24PM

Philip Morris International Makes Call to Creative, Media and Communications Communities

Philip Morris International Inc. (“PMI”) (NYSE: PM), today announced a bold call to action for the creative, media and communications communities to embrace its ongoing commitment to creating a ...

News Summary

At the event in Mumbai where Dr Niranjan Hiranandani took charge as President (Nation) NAREDCO, the Maharashtra Chief Minister Shri Devendra Fadnavis spoke about Affordable Housing. Evaluating the various challenges, he remarked that the one major thing which would make affordable housing a reality in Mumbai’s peripheral region would be the Mumbai Trans Harbour Link (MTHL).