MUMBAI INFRASTRUCTURE: WHAT IS AND WHAT WILL BE? Infrastructure development acts as a cornerstone for any city in order to determine the growth trajectory and to become an economic and real estate powerhouse. While Mumbai is the financial capital of India, its infrastructure has not been able to keep pace with the sharp rise in its demographic and economic profile. The city’s road and rail infrastructure is under tremendous pressure from serving a population of more than 25 million people. This report outlines major upcoming infrastructure projects and analyses their impact on the Mumbai real estate market. This report is interactive CBRE RESEARCH DECEMBER 2018 Bhiwandi Dahisar Towards Nasik What is Mumbai’s Virar Towards Sanjay Borivali Gandhi Thane Dombivli National current infrastructure Park framework like? Andheri Mumbai not only has a thriving commercial segment, but the residential real estate development has spread rapidly to the peripheral areas of Thane, Navi Mumbai, Vasai-Virar, Dombivli, Kalyan, Versova Ghatkopar etc. due to their affordability quotient. Commuting is an inevitable pain for most Mumbai citizens and on an average, a Mumbai resident Vashi spends at least 4 hours a day in commuting. As a result, a physical Chembur infrastructure upgrade has become the top priority for the citizens and the government. Bandra Mankhurd Panvel Bandra Worli Monorail Metro Western Suburban Central Rail Sea Link Phase 1 Line 1 Rail Network Network Wadala P D’Mello Road Harbour Rail Thane – Vashi – Mumbai Major Metro Major Railway WESTERN SUBURBS Network Panvel Line International Stations Stations Airport NAVI MUMBAI CENTRAL MUMBAI Uran EASTERN SUBURBS CST BKC Roll over icons to reveal BKC PERIPHERY further details Churchgate THANE CBD JVLR: Jogeshwari Vikhroli Link Road | SCLR: Santacruz Chembur Link Road | WEH: Western Express Highway EEH: Eastern Express Highway | EH: Eastern Freeway | SPH: Sion Panvel Highway Bhiwandi Dahisar Towards Nasik What are the Virar Towards Sanjay Gandhi National Park Borivali Dombivli infrastructure pain Thane points? Andheri The city will continue to attract workers from across the country as Versova it is one of the largest commercial markets in Asia. As a result, its Juhu infrastructure needs are expected to amplify over the next few Ghatkopar years. Anticipating such requirements, the government has already planned several infrastructure projects that are likely to ease traffic Vashi snarls in the city. Chembur Bandra Mankhurd Navi Mumbai Wadala Panvel Traffic- Bandra Worli Mumbai International Infrastructure heavy Roads Sea Link Airport Pain-points P D’Mello Road WESTERN SUBURBS NAVI MUMBAI CENTRAL MUMBAI EASTERN SUBURBS CST Roll over icons to reveal BKC further details BKC PERIPHERY Churchgate THANE CBD JVLR: Jogeshwari Vikhroli Link Road | SCLR: Santacruz Chembur Link Road | WEH: Western Express Highway EEH: Eastern Express Highway | EH: Eastern Freeway | SPH: Sion Panvel Highway Mira Road Kasarvadavali Bhiwandi Dahisar What are the plans Sanjay Thane Gandhi Dombivli National to ease these pain Park points? Lokhandwala Seepz DN Nagar Some of India’s most bustling corridors such as WEH, EEH, EF, etc. are Andheri E in Mumbai; where a commuter can take anywhere between one Vikhroli to four hours to cover a 10 km stretch depending on the road and traffic conditions. Recognizing the tremendous transportation CSIA need in the city, the government has several major projects in the pipeline. Mankhurd BKC Metro Line 2A & 2B - Metro Line 3 - Metro Line 4 - Metro Line 5 - Navi Mumbai Dahisar-DN Nagar- Colaba (Cuffe Parade) Wadala-Thane Thane-Bhiwandi- Mankhurd (Mandale) To Seepz (Kasarvadavli) Kalyan Wadala Chirle Metro Line 6 - Metro Line 7 - Major Metro Mumbai Trans Andheri (Lokhandwala) - Andheri East - Dahisar Stations Harbour Link Vikhroli (Planned extension from Sewri Dahisar to Mira Road - Metro Line 9 & from Andheri to WESTERN SUBURBS CSIA - Metro Line 7A) NAVI MUMBAI CENTRAL MUMBAI EASTERN SUBURBS BKC Roll over icons to reveal further details BKC PERIPHERY Cuff Parade THANE CBD CSIA: Chhatrapati Shivaji International Airport Thane Navi Mumbai: Dombivli Transformation from the satellite city to a Badlapur bustling town Pendhar With the upcoming Navi Mumbai International Airport and enhanced Mumbai Taloja connectivity to the Island city, Navi Mumbai is set to witness one of the biggest infrastructure boom in the city. Over the years, the satellite city of Navi Mumbai has witnessed reverse migration and evolved into a prime residential destination and technology Nerul hub. Khandeswar Proposed Mumbai Trans Navi Mumbai Navi Mumbai Waterway Harbour Link Metro Line 1 Metro Line 2 Matheran Ferry Wharf Navi Mumbai Navi Mumbai Navi Mumbai Major Metro Sewri Metro Line 3 Metro Line 4 International stations Chirle Airport (NMIA) NAVI MUMBAI NAVI MUMBAI AIRPORT INFLUENCE AREA (NAINA) Roll over icons to reveal NAVI MUMBAI SPECIAL further details ECONOMIC ZONE (NMSEZ) The new commercial district – BKC and its connectors Over the last ten years, the central business district has gradually shifted from South Mumbai to the planned commercial entity – Bandra Kurla Complex (BKC) spanning over nearly 370 hectares of land. Although connectivity within BKC is streamlined via wide roads and junctions, the exit points in BKC form bottlenecks and increase the total commute for office workers by at least 40-60 minutes. Proposed Railway Main Connectors Line Road Metro Line 3 - Major Railway Colaba (Cuffe Parade) Stations To Seepz Roll over icons to reveal further details SCLR: Santacruz Chembur Link Road | WEH: Western Express Highway EEH: EasternExpress Highway Sanjay Gandhi Strengthening National Park Mumbai’s Lifeline: Supplementing the “Local” with the “Metro” 1.Connecting CBD to BKC As property valuations are already peaking in CBD, BKC and BKC periphery locations, commercial and residential prices could increase only marginally on the basis of real estate market sentiments. The launch of Metro Line 3 is expected to have a positive impact on the commercial and residential segments, especially the catchment areas around BKC, as traffic congestion is likely to decline during peak office hours. BKC BKC PERIPHERY CBD Expected Impact on Real Estate Segments WESTERN SUBURBS Metro Line 3-Colaba (Cuffe Parade) to SEEPZ Roll over icons to reveal further details RESIDENTIAL COMMERCIAL RETAIL Mira Road Bhiwandi Dahisar Sanjay Gandhi National Park Thane Borivali 2. Easing linkages between Eastern and Western Suburbs Lokhandwala Suburban locations such as Vikhroli, Ghatkopar, Sion and Chembur will also benefit from these additional DN Nagar connections. Dahisar, which is currently an affordable Andheri E residential location in the peripheral areas, may witness increased development activity in the residential sector in Vikhroli the future due to improved connectivity. CSIA Juhu Chembur BKC Mandala Navi Mumbai Panvel Metro Line 2A & 2B Metro Line 6- Metro Line 7 Andheri East - Major Metro (Dahisar-DN Nagar- Andheri Dahisar (Planned extension Stations Mankhurd (Mandale)) (Lokhandwala) - from Dahisar to Mira Road - Vikhroli Metro Line 9 & from Andheri to CSIA - Metro Line 7A) Roll over icons to reveal further details NAVI MUMBAI EASTERN SUBURBS BKC BKC PERIPHERY RESIDENTIAL COMMERCIAL RETAIL CSIA: Chhatrapati Shivaji International Airport Kasarvadavali Bhiwandi Sanjay Thane Gandhi National 3. Taking pressure off the Suburban Borivali Park and Rail network Dombivli The upcoming metro network may help Wadala (currently a residential hub with limited commercial activity) emerge as a prominent office market due to improved connectivity and proximity to other prime office locations such Andheri as Lower Parel, Worli and Prabhadevi. Bhiwandi – one of the Vikhroli most prominent industrial and warehousing hub in the country – could also benefit from the upcoming metro network. BKC Navi Mumbai Metro Line 4- Metro Line 5- Major Metro Wadala-Kasarvadavli Thane – Bhiwandi - Kalyan Stations Wadala Panvel (Thane) Roll over icons to reveal further details EASTERN SUBURBS BKC PERIPHERY THANE RESIDENTIAL COMMERCIAL RETAIL Bhiwandi Bringing the Island Sanjay Thane Gandhi National Dombivli City and Navi Borivali Park Mumbai closer As accessibility to the Jawaharlal Nehru Port Trust Influence Area (JNPTIA) improves after the completion of MTHL, Navi Andheri Mumbai is likely to emerge as a prominent hub for port/logistic operations. Vashi BKC Navi Mumbai Seawoods Wadala Panvel Mumbai Trans Harbour Link (MTHL) Sewri Chirle Roll over icons to reveal further details NAVI MUMBAI RESIDENTIAL COMMERCIAL RETAIL Thane The “new” city gets Dombivli a new airport: Navi Mumbai International Badlapur Airport (NMIA) Mumbai Currently, Navi Mumbai is one of the most affordable residential markets in the Navi city. When the airport project was announced almost 15 years ago, property Mumbai prices had surged tremendously within a span of 1-2 years. A similar trend may be witnessed again once the airport becomes operational in the next 5-10 years. Navi Mumbai Navi Mumbai Navi Mumbai Navi Mumbai Metro Line 1 Metro Line 2 Metro Line 3 Metro Line 4 Matheran Navi Mumbai International Major Metro Airport (Nmia) Stations NAVI MUMBAI Roll over icons to reveal further details NMIA | Navi Mumbai International Airport RESIDENTIAL COMMERCIAL RETAIL What happens after Sanjay Gandhi National the infrastructure is Park developed? Enhanced connectivity due to the upcoming metro lines is expected to affect the residential catchments of major commercial districts. The primarily