Goregaon is witnessing a decent flourish as a real estate destination thanks to the push from the Mumbai Development Plan announced for two decades.
The Mumbai Development Plan for 2005-2025 has made special provisions for the suburban towns along the Western Line and Goregaon is likely to see the most effective benefits out of them. Situated between Andheri and Santacruz, Goregoan’s road and infrastructure requires immediate shake. The traffic snarls around the flyover at Dindoshi and Film City makes the town a very cataclysmic place to survive.
The Mumbai Development Plan 2005-2025 has differentiated the town into two parts. One covers the old localities that have been around for over 40 years and the rest is the recent development sites. The major residential sites like Unnat Nagar, Jawahar Nagar, Motilal Nagar, Bangur Nagar, Jaiprakash Nagar and Shastri Nagar continue to thrive heavily despite saturation; the Eastern boundary of Goregaon has crossed beyond the Aarey Milk Colony and the forest areas.
The Mumbai Development Plan for Goregaon East includes improved road connectivity to the International Airport and the development of the New Dindoshi layout. The recently developed Nagari Nivara Parishad housing scheme already houses more than 30,000 low-income families. The affordable housing schemes will be directed to Goregaon East’s extreme stretches.
Top developers like Sunteck Realty Limited, Oberoi Realty and RNA Corp have already made their plans clear about putting more investment in Goregaon East and boost the results of Mumbai Development Plan. Sunteck’s business tie up with Disney Consumer Products (India) will see India’s first interior project based on the American animation concept. Similarly, Oberoi Realty that already has a mega mall in the region is also changing the skyline of the Eastern Township. Oberoi International School, Oberoi Commerz, Oberoi Garden City and Oberoi Woods will be developed as a full-fledged infrastructure localities as per the plans of the Mumbai Development Program set for 2025.
Western Expressway, Link Road and the Jogeshwari-Vikhroli Link Road are seen as the lifeline of the western suburb. The proposed Bandra-Charkop Metro Rail line and the building of the new Oshiwara suburban train station will ease out the pressure on the connectivity in the town. The Mumbai Metropolitan Region Development Authority (MMRDA) is zeroing on a scheme to enhance the traffic dispersal system in Goregaon East. It includes provision for elevated road corridors, pedestrian foot step over-bridge and underpasses, escalators, service roads adjoining the Expressway and Grade Separators.
The flyover at the Didoshi locality has already been finalized for the development program. The expansion of the existing 4-Lane flyover will be part of the Infrastructure Development Project. It is already running smooth and plans to add lanes to the existing fly-over are being considered to ease traffic to and from the International Airport.
Goregaon East could also benefit from the Mumbai Urban Transport Project that is planning to extend the regular service over the Harbour Line till Goregaon.
Is Delhi-NCR real estate moving sluggish
If the recent trends in real estate market in Delhi are to be believed, there is a significant dip in the units sold in the capital and NCR in the last 18 months. The sluggish trend has been whistled by lack of incentives from the administration which is focussing on clearing infrastructure road blocks rather than giving green signal to new projects. With paper works in the backlog, new projects in Delhi are at pause, at least for the rest of the year 2015.
Tips for new residents in Panvel to understand their locale better
Panvel has seen a major transformation from a sleepy suburb to a satellite town and finally to a full-fledged city. The growing population willing to reside in the Mumbai MMR region, the shortage of adequate real estate destinations in Mumbai region has made investors and buyers look at Panvel as their best option. Panvel was famous from its lush green surroundings and farm houses. With changing times and inflow of population there are abundant new projects available in Panvel for investors and buyers alike.
Looking for a green living space in Zirkapur Here are options
Zirakpur located near Chandigarh and part of the tri city comprising of Chandigarh, and Mohali is one of the most popular real estate destinations. While Mohali and Chandigarh investors have had the luxury of investing in properties located closer to nature with lush green belts and parks, Zirakpur residents often faced concrete jungles.
