All About Mumbai-Goa Highway
The under-construction National Highway (NH) 66, also known as the Mumbai-Goa Highway, has finally reached its last long after a decade of construction. Following the recently announced completion date, the four-lane highway has prompted interest in residential real estate in Maharashtra and Goa.
The Mumbai-Goa Highway in western India is a 471-kilometer project that has been behind schedule for over a decade. According to the most recent update from the Central Government, the project began in 2011 and is expected to be completed by May 2023.
Several factors impeded the timely completion of the Mumbai-Goa Highway, ranging from late forestland purchases to reimbursement concerns over the obtained land. Nonetheless, according to a recent statement from the Public Works Department, the project is approaching completion. Approximately 67% of the phase has been completed, with production at the last component continuing at a rapid rate.
On the route to Raigad, Ratnagiri, and Sindhudurg, the project comprises expanding the current dual carriageway to make it a four-lane dual carriageway. Several contractors were changed throughout ten years to expedite the task and meet the deadline.
The dual carriageway project between Mumbai and Goa is expected to cut travel time between the two cities to 6 hours. The primary benefits of the project are improving commuter safety by reducing injuries and increasing tourism in India’s western coastal towns and regions. The road has been the subject of various arguments and debates throughout the years since it was built. The majority of the debates focused on the situation on the street. Some, on the other hand, opposed property acquisition in woodland areas, toll levies, and visitor congestion.
The Maharashtra High Court has been keeping a close eye on the situation. It has interfered in several events to resolve political party conflicts, public interest litigation (PIL), and events involving poor street conditions and production. The project’s finishing touches have sparked a demand for residential plots and farmhouses in and around the Mumbai-Goa Highway’s surrounding districts, as well as Raigarh. “The market for residential devices has remained consistent throughout the region,” says PV Enterprises broker, “since ability clients are more focused on residential sites such farmhouses and agricultural properties beside the dual carriageway.” In Raigarh and its vicinity, the common land tax is 12-15 lakh per acre.”
“The land along the Mumbai-Goa Highway has been a favorite investment location for real estate investors since the project’s start,” says the developer.
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