Why is Most Real Estate Construction Happening in Mumbai's Western Suburbs?
- 20th May 2024
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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.
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