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Madh-Versova Bridge Will Boost Residential Growth Significantly

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Madh-Versova Bridge Will Boost Residential Growth Significantly

The construction of Madh-Versova bridge promises better connectivity and the region would emerge as a major real estate hub with luxury residential projects

Improved connectivity would soon become a reality for areas between Versova and Madh due to the many upcoming projects.  Residential units would grow dramatically after the construction of an elevated bridge between Madh island and Versova. This 2-km long bridge will reduce travel time between Versova and Madh by one and a half hours. At present, taking a ferry ride from Versova or a 22-km detour from the Kandivli Link Road towards Marve is the only way to access Madh.

There is no doubt that this connectivity would result in the region witnessing massive real estate projects. The coastal road and the Bandra Versova Sea Link (BVSL) is expected to be ready by 2023. In an attempt to boost the construction of the BVSL, the government has announced an incentive of Rs 350 crore to the Reliance Consortium if the project gets completed 6 months before the deadline.

The sea bridge will enhance the region’s connectivity with western suburbs and South Mumbai. The road which was first proposed in 1991 by the Brihanmumbai Municipal Corporation (BMC) could be initiated only in 2009 due to land acquisition issues. However, the locals opposed the project as the planned alignment of the bridge would have landed at Madh Koli village affecting houses present in the region. The municipal body has now changed the alignment of the bridge by increasing its length by 300 metres. While the upcoming Nariman Point-Kandivali coastal freeway would facilitate connectivity from other parts of Mumbai, the Mumbai Development Control and Promotions regulation 2034 (DCPR) has proposed affordable homes in the Madh region.

With the extension of the Bandra-Worli Sea Link up to Versova, the travel time from Worli to Versova would be reduced to a mere 15 minutes. The BVSL would prove vital in connecting south Mumbai and the western suburbs. Moreover, cycling-track, butterfly garden and jogging track are expected along the BVSL. The Maharashtra State Road Development Corporation (MSRDC) has proposed three connectors to the sea link. The first connector will run between Bandstand road and Versova Bandra Sea Link (VBSL). The other two connectors would connect the Western Express Highway (WEH) to the sea link.

The Versova-Madh sea bridge and the coastal freeway also provide easier access to office hubs like Bandra-Kurla Complex (BKC), Lower Parel, Worli and Nariman Point. The demand for housing would shoot up in the Madh-Marve region as the upcoming infrastructural developments offer connectivity to premium office markets. This would eventually help the region to become a coveted destination for luxury residential projects.

 

Source: HT Estates

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