The fundamental framework of a city’s design is to improve the lives of the people that inhabit it to create fulfilling, enriching & sustainable ways for residents to work, live & play. As we walk into the future, cities are reforming integrated developments that drive them to be efficient, modern & the next gen’s new age nodes. Infrastructure is a vital catalyst that propels a city’s potent growth and acts as an impetus to the real estate world. The infrastructure sector includes power, bridges, roads, and urban infrastructure development.
Good infrastructures result in smooth functioning of communities that offer luxury, leisure & conveniences, making them one of the core market drivers for boosting real estate demand, appreciation & sales while creating world-class infrastructure, the new settling trend in the real estate market.
Even as infrastructure is an indispensable tool for developing an economy, it has had its significant & positive impacts on the real estate industry. The consistent development of buildings and townships has vastly magnified the real estate sector and property appreciation. While good infrastructure eases people’s way of living, it is seen that homebuyers look for good connectivity and future appreciation prospects before investing in real estate.
The demand for housing projects is seen to be higher in areas with proper infrastructural services. Property values also seem to be relatively higher in places with sound social infrastructures like educational institutions, hospitals, and commercial and business centres surrounding the properties. Often residences in locations with seamless connectivity to employment places, those with educational institutions or around infrastructures of retail, malls, entertainment, or food & beverage in proximity are thoughtfully picked & chosen by homebuyers.
The ideology has further compounded the mindset to strike a work-life balance and to choose an ecosystem of conveniences close by, to dwell in a good location which naturally appreciates terms of valuation, price & address in due course of time. The real estate sector in Mumbai – one of the most expensive cities in the world—has recorded significant growth in housing. Being the financial capital of India & a hub for several commercial businesses, Mumbai’s real estate momentum is swaying high in full swing.
Mumbai has achieved a peculiar appetite for real estate that remains unquenchable; the city has witnessed high realty sentiments post-pandemic and has bounced back to full strength owing to an increase in affordable residential & commercial projects that offer the perks of ultra-spacious luxury and modern amenities.
Borivali is one of the best examples in recent times to showcase the impact of infrastructure growth on the real estate potential of the region. A promising and eminent landmark in making ‘Magathane’ in Borivali is well-connected with elevated connectivity and seamless proximity to nearby commercial hubs, such as Infinity IT Park, Nesco IT Park, and Wadwa Techno Park, among others. The area has charmed realtors in launching both luxurious & affordable residential & commercial projects around retail & entertainment ones paving it to be one of the most coveted neighbourhoods in the years to come. While being strategically connected to the Western Express Highway, the prime locale of Borivali-Magathane is all set to have its own Magathane Metro station to offer ease in commuting to different parts of Mumbai city.