homereal estate NewsTrans Harbour Link will have minimal immediate impact on Mumbai real estate: Knight Frank India
Trans Harbour Link will have minimal immediate impact on Mumbai real estate: Knight Frank India
In an interview with CNBC-TV18, Gulam Zia, Senior Executive Director at Knight Frank India, said while the property market in and around the bridge and the connecting points may benefit, it will take time to materialise.
Real estate consultancy firm Knight Frank India believes the ambitious infrastructure endeavour of Mumbai Trans Harbour Link may not have a substantial impact on Mumbai's real estate landscape.
In an interview with CNBC-TV18, Gulam Zia, Senior Executive Director at Knight Frank India, said he is not convinced that real estate will be changing because of this one bridge happening because a lot of connectors etc., also have to fall in place.
"In due course of time, it will happen. But that said, most of the real estate has already developed and evolved," he said.
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While discussing Navi Mumbai real estate prices, Zia remained hopeful about the new bridge attracting the upper crust of society. He anticipates that this development may spark interest in super-luxury projects, particularly along Palm Beach Road or its extension. However, any significant changes may take time to materialise.
Also Read | Mumbai Trans Harbour Link to be inaugurated on January 12, Panvel may see rise in housing demand
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