Synopsis – Mumbai’s infrastructure projects are improving urban connectivity and enhancing the overall cityscape. These developments have fueled property price growth across submarkets, reshaping investment opportunities throughout the city.
The surge in infrastructure projects in Mumbai is affecting connectivity, lifestyle, and property prices, by increasing demand for housing in every micro-market along metro line links, coastal roads, and trans harbour connectors. This article’s aim is to examine price growth between H1 2024 and H1 2025 in regards to the landmark projects and assess how new opportunities for investment are emerging through infrastructure development in Mumbai.
Overview: Mumbai Infrastructure Push
Mumbai is having a large-scale infrastructure pipeline never seen before, driven by a government and or MMRDA component, around roads, metro expansion, tunneling & connectivity to ports. This level of investment is over ₹1 lakh crore funded through State, Central Government or third-party funding and is all infrastructure that is necessary for the vision of a $5 trillion economy for India. These initiatives have increased the competitiveness of Mumbai on a global standing by improving connectivity or livability of the urban fabric.
Key Projects Driving Change
1. Mumbai Coastal Road Project (South Mumbai to Worli)
- Project Overview: 10.58 km and Project Cost of ₹13,000 crore, The objective is to decongest the western suburbs and allow for a drive along the waterfront.
- Impact on real estate: The project greatly enhances the value of luxury apartments and commercial properties that are oriented toward the water on the entire western seaboard from Worli to Versova. The improved accessibility is creating a new demand in these premium micro-markets.
- Nearby Areas Affected: Marine Drive, Malabar Hill, Haji Ali, and Worli.
- Property Movement: H1 2024: ₹28,000 per sq. ft, H1 2025: ₹32,000 per sq. ft Percent change: 14% Increase
- Reasons for the Price Increase: Improved travel times, luxury redevelopment, and the build up of demand due to sea-facing developments.
2. Mumbai Trans Harbour Link (MTHL)
- Project Overview: This bridge stretches over 21.8 km and is India’s longest sea bridge, connecting Sewri and Nhava Sheva; inaugurated in January 2024.The cost approximately ₹17,843 crore.The MTHL connects Mumbai and Navi Mumbai, reducing travel time between Sewri and Nhava Sheva from two hours to under 30 minutes.
- Impact on real estate: The MTHL is a critical component in the real estate development of Navi Mumbai and beyond. It has made Ulwe and Panvel areas very enticing for investments and is also having an effect on the cost of living in Navi Mumbai.
- Nearby Areas impacted: Sewri, Wadala, Panvel, Ulwe, Navi Mumbai.
- Property price movement: H1, 2024: ₹7,500 per sq. ft. H1, 2025: ₹9,000 per sq. ft. Percent change: 20% increase.
- Reasons for price increase: Change in commuting patterns, connection to Navi Mumbai airport, and warehousing hub.
3. Metro line expansion (lines 2A, 7, 9, and 10)
- Project Overview: Over 100 km of new metro corridor, major lines include Andheri to Dahisar, Dahisar to Mira Road, BKC to the eastern suburbs, and Thane; Phase 1 complete, Phase 2 expected by 2025.
- Impact on real estate: The expansions of the Mumbai Metro have generated property value appreciation of approximately 15% to 25% due to improved connectivity and commuting times to properties near station locations.
- Nearby Areas impacted: Andheri, Dahisar, Mira Road, BKC, Thane.
- Price Comparison: H1, 2024: ₹15,000 per sq. ft. H1, 2025: ₹17,000 per sq. ft. Percent change: 13% increase.
- Reasons for increase: Restructuring of commuting patterns, synergy between public transport retail and commercial developments, and improved rental yields.
Also read: Major Industrial Corridors in South India Emerging as Global Investment Hotspots in 2025
4. Navi Mumbai International Airport
- Project Overview: Located in Ulwe, The cost Approximately ₹19,650 crore investment; Phase 2 construction expected before 2030.
- Impact on real estate: This growth will see sprawling residential, commercial, hospitality, and warehousing development in Panvel, Ulwe, and the surrounding NAINA (Navi Mumbai airport influence Notified Area).
- Nearby impacted Areas: Ulwe, Dronagiri, Kharghar, Panvel.
- Price Comparison: H1, 2024: ₹6,500 per sq. ft. H1, 2025: ₹8,000 per sq. ft. Percent change: 23% increase.
- Reasons for pricing increase: Economic activity generated by the airport, demand for warehousing, and influx of residential developments.
5. Goregaon–Mulund Link Road / Mumbai Tunnel Project
- Project overview: The ambitious GMLR project will be a 12.2-km high-speed corridor that will link Goregaon in Mumbai’s western suburbs with Mulund in the east. The tunnels will be a key aspect of this project since it will be 6.65-km long. The overall cost of the project has been pegged at Rs 14,000 crore, while the cost of digging the underground tunnels has been pegged at Rs 6,600 crore.
- Impact on real estate: The Goregaon–Mulund Link Road tunnel reduces traffic, spurring demand for mid-income housing and household pricing in locations surrounding Goregaon and Mulund increases by approximately 15%, providing improved accessibility and quality of living.
- Nearby Localities: Goregaon, Powai, Mulund, Film city and Ghatkopar.
- Price Growth: H1 2024: ₹12,000 per sq. ft, H1 2025: ₹13,500 per sq. ft Percentage Change: 12.5% increase
- Reasons for increase: Improved travel times, expansion of mid-income housing markets.
Comparative Table – Real Estate Price Growth
| Project | Key Areas | Avg. Price H1 2024 (₹/sq.ft) | Avg. Price H1 2025 (₹/sq.ft) | % Change | Key Growth Driver |
| Coastal Road | Worli, Tardeo | 28,000 | 32,000 | 14% | Sea-facing demand, redevelopment |
| MTHL | Panvel, Ulwe | 7,500 | 9,000 | 20% | Airport, logistics, connectivity |
| Metro Expansions | Andheri, BKC | 15,000 | 17,000 | 13% | Public transport, retail synergy |
| Navi Mumbai Airport | Ulwe, Kharghar | 6,500 | 8,000 | 23% | Airport, warehousing, residential |
| Goregaon–Mulund Link Road | Goregaon, Mulund | 12,000 | 13,500 | 12.5% | Traffic reduction, housing growth |
Market Insights and Expert Opinions
- “The Coastal Road is reversing the trend of office migration away from South Mumbai and making it a more desirable location for premium development,” says Manju Yagnik from the Nahar Group.
- “MTHL is unlocking Navi Mumbai’s potential as property prices in the areas of Ulwe and Kharghar are increasing 15-20% as demand rises,” adds Anuj Puri from ANAROCK.
- Investor sentiment remains strong with premium segments experiencing higher appreciation while affordable micro-markets are repositioning as market connectivity to the primary business districts improves.
Conclusion
Mumbai’s infrastructure boom is unlocking new channels of investing, responding to shorter-term compatible challenges while also positioning Mumbai as a global metropolis for commercial activity and living.
Written By Rachna Rajput