By Accommodation Times Bureau
Experts say the Mumbai-Ahmedabad Bullet Train could transform the realty market of both the major cities ,as infrastructure is a the other side of the coin of real estate market .
The dream project of Indian PM – the Mumbai-Ahmedabad Bullet train -will not only connect two metro cities of , but will also be able to hike the realty market of the passage. Vivek Mohanani, joint managing director, Ekta World, says, “Infrastructural developments pave the way for a better realty market. And since this is a first-of-a-kind project in the country, it will only further boost the prospects of both, Mumbai and Ahmedabad.”
An official of the Indian Railway Board said, “The plan is to introduce 35 daily bullet train services in each direction. These include three services every hour in each direction during peak hours and two services during off-peak ones.” Anil Kumar Saxena, additional director general (public relations), Railway Board adds, “We would try to complete the project by 2023.”
A positive zeal is created by the infrastructural projects within the buyers and it also boost the interest of the home-buyers. Similarly, this mega project of the bullet train, will also create an upsurge in demand of realty market. Expert says , it will increase the micro-market rates and rentals in the relevant areas.
Vijay Pawar, founder and director, Mirador Dwellers Pvt Ltd, says, “This ambitious project will reduce the commute time from Thane to BKC, from a good one hour to ten minutes, thus connecting the different micro-markets of the city. This development will also bring about a commercial and residential boom in these areas, thus attracting reputed developers and property seekers. It is all set to convert Mumbai into an excellent reserve for real estate.”