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Goregaon- Mulund Link Road inches closer to reality

Saturday, February 16, 2019

One of the most ambitious infrastructure projects of the Brihan-Mumbai Municipal Corporation, the Rs 3,800-crore Goregaon Mulund Link Road (GMLR), has inched closer to reality after the approval from the Sanjay Gandhi National Park authority. Recently, BMC in their budget for 2019-20 has alloted Rs. 100 crore fund for the completion of GMLR. The project will have negligible effect on the ecosystem, as the project is underground and no trees will be chopped. The six-lane road will start near Film City, go five meters under Sanjay Gandhi National Park, and end at Mulund having no negative impact on the biodiversity of the park. The proposed project is a twin tunnel road designed for 3+3 lanes. The length of the road including approach road is 5.5 km (4.7 km length of the tunnel). The total length of GMLR will be 14 km.

Speaking on the development, Mr. Rajat Rastogi, Executive Director, Runwal Group said, “The allocation of Rs. 100 crore by BMC for the Goregaon-Mulund Link Road (GMLR) will be a game changer for the adjoining areas like Mulund, Nahur, Airoli, Kanjurmarg etc. It will significantly cut down the east-west commute time and further boost the popularity of these areas. Mulund-Nahur belt is already a high appreciation realty market which has seen a major transformation in the last few years. GMLR will not only ease traffic congestion but will also improve connectivity and increase the demand for real estate in Mulund and nearby realty hubs.”

Mulund in central Mumbai has witnessed a sea of change in terms of infrastructure development and has emerged as one of the fastest growing suburbs for premium residential development. Multi-storied towers and complexes have become a norm in Mumbai’s suburbs and Mulund is at the heart of this development. At present, it is a part of a real estate phenomenon that features enhanced living and caters to those who want to lead their life in a grand manner. Never seen before towers and townships are being constructed that are changing the way real estate is perceived in this part of the world.

Unlike other suburbs, Mulund - Kanjurmarg belt enjoys the presence of massive surrounding greens and open spaces that add a significant value to the habitability quotient. New highstreet developments have added to the overall growth of the area. Today, the stretch between Nahur station and LBS Road has emerged as a vibrant and buzzing high street with restaurants, spas, car showrooms, hypermarkets and much more. Further, the properties in this area are available at a more attractive price than Powai or Western Mumbai, making the buying lucrative. Metro connectivity and the construction of Goregaon-Mulund Link Road when materialized will enhance connectivity and lead to more appreciation in property rates. Another key factor which has impacted price appreciation, other than infrastructural development,is the rising presence of ‘trusted’ and ‘credible’ developers in the area. This breed of branded developers who are literally rebuilding the entire area post 2010, is helping boost people’s trust in the area and the properties they are buying. Sheer presence of these top players will not only drive the real estate market in this area but will also help to grow the market in the upward direction.

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