Navi Mumbai real estate will boom, with water taxi services
With the launch of its first water taxi service connecting Mumbai to Navi Mumbai, inland waterways have become a reality for the island city of Mumbai.
It was opened in the presence of Union Shipping Minister Sarbananda Sonowal, State Chief Minister Shri Uddhav Thackeray, and members from relevant organizations like the Mumbai Port Trust, Maharashtra Maritime Board, and CIDCO from the Belapur terminal. The water taxi would run between the Domestic Cruise Terminal at Ferry Wharf Mazgaon in south Mumbai to the terminal at Belapur in Navi Mumbai in 45 minutes. Finally, the path will be extended to Nerul, Vashi, Airoli, Mandwa, Karanja, Rewas, Dharamtar, Thane, and Kanhoji Angre Island, among other places.
These new connections between the financial center and the peripheral countryside in Navi Mumbai would give the real estate sector a boost.
Previously utilized solely for goods, Mumbai will now join the ranks of the world’s most important cities that use water transit for passenger transport. This new tour operator will improve accessibility across the harbor, ensure a clean delivery mechanism, and reduce traffic congestion on various tour modes. Infrastructure development is critical to economic growth and the introduction of more desirable processes, with a multiplier effect on real estate segments. As a result, towards the tail end of a decentralization trend, the NaviMumbai marketplace will see the rise of business corridors, financial hotspots, and home remodeling.
It is the right time for potential homeowners to take advantage of an early mover’s advantage by browsing for their dream homes and benefiting from price appreciation in the long run. The rise of Navi Mumbai’s suburbia storey will be scripted by the current infrastructure boom. This futuristic region, which is an important part of domestic shopping, might be the brand-new livewire center. The numerous infrastructure improvements in Navi-Mumbai will give the real estate sector in the city a new face. Because of the expansion of transportation links, a more livable environment, and well-planned social and civic infrastructure, one might expect to see a charge increase in the long run. The transformation of Navi Mumbai will expand the boundaries of the real estate landscape to a whole new level. As a result, now is the right time for fence-sitters to become actual homebuyers at Hiranandani Fortune City, Panvel, thanks to favorable market dynamics.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
