Why is Most Real Estate Construction Happening in Mumbai's Western Suburbs?

user Admin
  • 20th May 2024
  • 1301
  • 0
Why is Most Real Estate Construction Happening in Mumbai's Western Suburbs?
Never miss any update
Join our WhatsApp Channel

Mumbai's western suburbs are experiencing a real estate boom, with construction projects surging at an unprecedented rate.

But why are these areas seeing such rapid development?

Let’s delve into the reasons and implications of this trend.

Key Highlights of Construction Boom

1. R-Central and K-East Wards Lead the Way

R-Central Ward: Covering Borivali, Gorai, and Magathane, R-Central has received the highest number of real estate project clearances.

From January 1, 2021, to November 1, 2023, developers received 515 further commencement certificates (FCCs) and 277 commencement certificates (CCs).

K-East Ward: Encompassing Vile Parle, Andheri, and Jogeshwari, K-East followed closely with 436 FCCs and 198 CCs.

Other High-Activity Wards

H-West Ward: This area includes parts of Bandra, Khar, and Santacruz.

P-North Ward: Covering Malad, another hotspot for new construction.

K-West Ward: Western region of Vile Parle, Andheri, and Jogeshwari.

These wards have become prime areas for development due to available space and ongoing redevelopment efforts.

Types of Construction Projects

Greenfield Projects

New developments in previously undeveloped areas.

Significant activity in Kandivli, Malad, Mulund, Bhandup, and Kanjurmarg.

These projects are transforming former industrial sites into residential and commercial hubs.

Brownfield Projects

Redevelopment of aging buildings, typically 40-50 years old.

Focus on updating infrastructure in densely populated areas.

This redevelopment has significantly boosted construction activities across Mumbai.

Environmental Impact

Air Quality Concerns

High construction activity has led to poor air quality in these regions.

Experts note that construction dust and emissions are major contributors to the declining air quality.

Scale of Ongoing Projects

Mumbai is currently a sprawling construction site with ongoing projects covering over 3.2 crore square feet, which is equivalent to five times the built-up area of Nariman Point.

Future Implications

Improved Infrastructure

These projects aim to modernize infrastructure and provide better living conditions.

Enhanced commercial and residential facilities will attract more residents and businesses to these areas.

Real Estate Market Dynamics

Increased construction activity is likely to affect real estate prices.

Northern suburbs like Borivali and Dahisar are becoming more attractive due to improved connectivity and lower costs compared to southern areas like Santacruz.

Conclusion

The surge in real estate construction in Mumbai’s western suburbs is reshaping the city’s landscape. As developers continue to capitalize on available space and redevelopment opportunities, these areas are poised for significant growth. However, the environmental impact and real estate market dynamics will need to be carefully managed to ensure sustainable development.


Related Topics / Tags

Admin

Author

Admin

...


Comments

Add Comment

No comments yet.

Add Your Comment

Relevant Blogs

General
Excelerate 3.0 by NAREDCO Maharashtra NextGen - Exploring Innovation in Indian Construction and Real Estate

The Ultimate Innovation Platform for Construction and Real Estate in India Get ready for the most anticipated real estate event of the year! NAREDCO

General
5 Reasons Why JARDIN by Oberoi Realty at Oberoi Garden City Thane Is a Resounding Success

Oberoi Realty’s latest launch JARDIN at Oberoi Garden City Thane, has taken the real estate market by storm, recording Rs 1,348 crore in booking

General
Reimagining Khotachi Wadi - Safeguarding Mumbai's Hidden Heritage Amidst Urban Transformation

In an insightful panel discussion, longtime residents, archaeologists, and cultural curators delved into the historical essence, architectural beauty,