Navi Mumbai Coastal Road To Be Ready By 2021
Travelling through road across Navi Mumbai will become seamless and smooth as Maharashtra’s City and Industrial Development Corporation recently approved the second coastal road in the region to connect Kharghar with Belapur, providing easy access to the proposed international airport in the city. The project, which would cost the development authority over Rs 270 crore, is expected to be open for public use by 2021.
The project is expected to take off after it gets an environment clearance from the department concerned.
It was last year that the CIDCO had floated tenders for building the first coastal road between Navi Mumbai airport and Mumbai Trans-Harbour Link, Sewri.
The MTHL-Panvel Coastal Road, the first stretch, will include construction of three flyovers at nodal road junctions, two bridges and one rail overbridge. This route will provide connectivity with the upcoming Navi Mumbai international airport over the Seawood-Uran railway line and the Amra Marg. The road will start at the Jalmarg junction near Spaghetti housing complex, across the Sion Panvel highway by a flyover onto Kopra village and will run along the creek side and connect the existing road at Sarovar Vihar.
The entire stretch will be regulated by an intelligent traffic control system and will have a provision of service duct to avoid flooding.
The second route will be a 9.5-km road connecting Kharghar, Amra Marg and the water terminal at Nerul. This route will be developed in two phases.
Impact on realty
With a rise in population and development of infrastructure in the city, demand for real estate in Navi Mumbai is on a rise. This is expected to accelerate the property prices in the city. Areas such as Kharghar, where per square foot of property is available for Rs 8,000, is expected to see a marginal improvement until the international airport becomes operational. Similarly, Ulwe, which will be one of the biggest beneficiary of the coastal road project, may witness increasing occupancy which could have a positive impact on property values.