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How will the coastal road in Mumbai impact real estate prices

How will the coastal road in Mumbai impact real estate prices

How will the coastal road in Mumbai impact real estate prices

The construction of the coastal road in Mumbai is expected to have a significant impact on real estate prices in the city, particularly in areas that are directly affected by the new infrastructure development.

One of the main benefits of the coastal road is that it will significantly reduce travel time between different parts of the city, which could make certain areas more desirable for both residential and commercial purposes. This could result in an increase in demand for properties in these areas, which may lead to an increase in real estate prices.

In addition, the coastal road is expected to improve the overall infrastructure and connectivity of the city, which could lead to an overall increase in property values across Mumbai. This is because improved infrastructure often leads to increased economic activity, job opportunities, and a better quality of life for residents, all of which can contribute to higher property values.

However, it's important to note that the impact of the coastal road on real estate prices will likely vary depending on the specific location and other factors such as existing infrastructure, availability of amenities, and overall market conditions. Some areas may see a more significant increase in property values than others.

Overall, it's expected that the coastal road in Mumbai will have a positive impact on real estate prices in the city, particularly in areas that are directly affected by the new infrastructure development. However, it's important to keep in mind that the real estate market can be unpredictable and impacted by many factors beyond just infrastructure development.

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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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