Infrastructure growth boosts real estate demand in Mumbai
Created on: 30th July 2021
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Infrastructure and real estate growth have always been interlinked. They are also one of the key contributors to the overall economic growth of the country. Property values are directly proportional to the infrastructure growth in and around their location. Easy connectivity to highways, rail, road and air infrastructure are known to boost the real estate value of the properties and similar is the impact if the location is in proximity to central business district areas, social infrastructure and civic amenities.
Home buyers prefer to buy residences at locations that offer great connectivity to their places of work, their children’s school, has an infrastructure of retail, entertainment, and F&B in proximity. This need has gotten further compounded in recent years with work life balance taking centre stage amongst all discussions related to home buying decision. Other than evaluating a location in terms of work life balance and an ecosystem of conveniences close by, with a good location the customer naturally assumes that in due course of time the property value will appreciate in terms of price and an address of choice.
Mulund is one of the best example in recent times to showcase the impact of infrastructure growth on the real estate potential of the region. The under-construction Goregaon-Mulund Link Road (GMLR) will reduce travelling time from Mulund to western suburbs to just 15 minutes. The recently constructed Eastern freeway, Eastern express highway and the old LBS road connect Mulund to South Mumbai, Central Mumbai, Thane, Navi Mumbai etc. with fast and hassle-free travel.
With the newly built BKC Chunnabatti flyover and SCLR, one can reach to BKC and Airport in 45 minutes from Mulund. Likewise other CBD areas like Airoli, SEEPZ and Powai are less than 25 minutes away. Mulund’s strategic location and seamless connectivity to other suburbs along with a robust social and civic infrastructure has made it a sought-after location for grade A real estate development. Thereby, several reputed developers have launched premium residential projects in the region.
At Oberoi Realty, we believe in delivering excellence in all our projects therefore the location for any project is selected after a very meticulous research and selection process. Mulund, with its huge positives is one such location and thereby we launched 2 of our premium developments at Mulund, namely Eternia and Enigma.
Our twin high rise developments in Mulund West, Eternia and Enigma by Oberoi Realty offer spacious 3 & 4 BHK apartments with 30 plus state-of-the-art amenities. Located on LBS road, it is extremely convenient to reach any major road/highway from the project site. Both projects are registered with RERA and are nearing completion. With its location, project amenities, apartment layouts, Oberoi Realty’s superior execution capabilities, Eternia and Enigma offer its residents an unique opportunity to elevate their lifestyle and chose a holistic living experience.
For more details, please click on: http://oberoiv4.staging.amura.in/eternia-enigma
RERA numbers
- Enigma Towers A and B - P51800002656
- Eternia Towers A to D - P51800006141
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The information contained herein is for general information purposes only. While Oberoi Realty endeavours to keep the information contained herein up to date and correct, Oberoi Realty makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to information, products, services, content, materials, visuals or related graphics contained herein for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will Oberoi Realty be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with the use of the information contained herein. Any links to third party websites contained herein are provided as a convenience to access the information contained therein. We have not reviewed all of the information on third party websites and disclaim any responsibility for the content or the products or services that may be offered on or through them. Inclusion of a link to a third party website does not indicate any endorsement or approval of the site or its content.
The information contained herein is for general information purposes only. While Oberoi Realty endeavours to keep the information contained herein up to date and correct, Oberoi Realty makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to information, products, services, content, materials, visuals or related graphics contained herein for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will Oberoi Realty be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with the use of the information contained herein. Any links to third party websites contained herein are provided as a convenience to access the information contained therein. We have not reviewed all of the information on third party websites and disclaim any responsibility for the content or the products or services that may be offered on or through them. Inclusion of a link to a third party website does not indicate any endorsement or approval of the site or its content.
