As we observe a continual increase in GDP per capita, higher disposable incomes, expanding urbanisation, and, most importantly, a greater attention on us as the next major economy, the real estate sector will continue on its path of long-term expansion.
Here are the Top 10 Forthcoming Projects in India in the Next Few Years.
Mumbai Coastal Road
This ambitious project is expected to connect Mumbai’s south and north with an eight-lane coastal road, reducing travel time and increasing property values in the surrounding areas.
The Coastal Road is planned to connect several major areas such as Nariman Point, Worli, Bandra, and Juhu, beginning at the Princess Street flyover in Marine Lines and ending in Kandivali in the north of Mumbai. The proposed six-lane motorway would also include two dedicated bus and emergency vehicle lanes.
Environmentalists, fishermen, and local residents have expressed concern about the project’s potential impact on marine life and fishermen’s livelihoods, as well as the displacement of coastal communities. The Bombay High Court has imposed restrictions on the project’s reclamation work, which has been a major source of contention.
The Delhi-Mumbai Industrial Corridor
The Delhi-Mumbai Industrial Corridor (DMIC) is a mega-infrastructure project in India aimed at developing a dedicated freight corridor and a series of industrial zones along the western Dedicated Freight Corridor (DFC) of India. The DMIC covers a distance of 1,483 km between Delhi and Mumbai, passing through six states: Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra.
The DMIC project involves the development of industrial cities, industrial clusters, and infrastructure facilities such as power plants, airports, and seaports, along the corridor. The project also includes the development of a high-speed rail corridor between Delhi and Mumbai, which will reduce travel time between the two cities to just 12 hours.
The upcoming Jewar Airport, located in the National Capital Region (NCR), is expected to become India’s largest airport, boosting real estate demand and development in the surrounding areas.
The airport will be located approximately 80 km from the existing Indira Gandhi International Airport in Delhi and is expected to reduce the burden on Delhi’s existing airport and improve air connectivity in the region.
The Jewar Airport project is being developed by the Government of Uttar Pradesh in collaboration with the Government of India. The airport is expected to be built in four phases, with the first phase expected to be completed by 2023. The airport will have two runways and a terminal building with a capacity to handle 60 million passengers annually when fully completed.
The Jewar Airport is expected to have a significant impact on the economy of the region, as it will create job opportunities, attract investment, and improve connectivity. The airport is expected to serve as a hub for airlines and cargo operations and is expected to boost the tourism industry in the region.
The Mumbai Trans Harbour Link
The Mumbai Trans Harbour Link (MTHL) is a proposed 21.8-kilometer-long motorway connecting Mumbai and Navi Mumbai. The Mumbai Metro Rail Link (MTHL) is a critical infrastructure project aimed at reducing traffic congestion and improving connectivity in the Mumbai Metropolitan Region.
The MTHL project entails building a six-lane bridge over Thane Creek that will connect Sewri in Mumbai to Nhava Sheva in Navi Mumbai. The bridge will have a 50-meter clearance to allow large ships to pass underneath. The MTHL will also connect to the Mumbai-Pune Expressway, providing seamless connectivity between Mumbai and Pune.
The project is expected to be completed in 2023 at a cost of around Rs. 17,750 crore (approximately USD 2.4 billion). The Mumbai Metropolitan Region’s MTHL is a critical infrastructure project that is expected to improve the region’s overall transportation infrastructure.
Hyderabad Pharma City
The proposed Hyderabad pharma hub aims to attract pharmaceutical companies and related industries, creating jobs and increasing real estate demand in the surrounding areas.
Hyderabad Pharma City is a proposed integrated pharmaceutical and life sciences cluster that will be developed near Hyderabad, Telangana, India. The Pharma City is aimed at promoting the growth of the pharmaceutical and life sciences industry in the region and attracting domestic and foreign investment.
Also, it will be developed over an area of 19,333 acres and will include a range of facilities such as manufacturing units, research and development centers, testing and quality control facilities, warehousing, and logistics facilities. The project is expected to provide a one-stop-shop for the pharmaceutical and life sciences industry, with a focus on innovation and sustainability.
It is expected to be a game-changer for the pharmaceutical and life sciences industry in India. The project is expected to provide a world-class infrastructure and a supportive ecosystem for the industry, which will help attract investment and promote innovation. The Hyderabad Pharma City project is expected to position Hyderabad as a global hub for the pharmaceutical and life sciences industry and contribute significantly to the country’s economy.
Chennai-Bengaluru Industrial Corridor
Chennai-Bengaluru Industrial Corridor aims to create a high-tech manufacturing hub connecting Chennai and Bengaluru, attracting investment and increasing real estate demand in the surrounding areas.
Warehousing and Logistics: With the growth of e-commerce and the increasing demand for efficient supply chain management, the warehousing and logistics sector in India is expected to expand rapidly, creating opportunities for developers and investors.
Co-living and Co-working Spaces: As the gig economy grows and there is a greater demand for flexible work and living arrangements, co-living and co-working spaces are becoming more popular in India, creating opportunities for developers and investors in these segments.
The Chennai-Bengaluru Industrial Corridor is a planned industrial corridor that would link the two cities by building a high-tech manufacturing hub, luring investors and increasing the demand for real estate nearby.
The Trump Towers
In the Indian National Capital Region city of Gurugram, there is a posh housing development called The Trump Towers. The project was created by M3M India in a partnership with Donald Trump’s US-based real estate firm, the Trump Organization.
Two towers make up Gurugram’s Trump Towers, which have a total of 254 luxurious apartments that range in size from 3500 square feet to 6000 square feet. The apartments have high-end finishes and amenities, such as a clubhouse, fitness centre, spa, and concierge services, and they provide panoramic views of the surrounding scenery.
The project was completed in 2020 and is located in Sector 65, Gurugram, which is a prime location in the city and is well-connected to the surrounding areas. The Trump Towers in Gurugram are known for their luxurious features and high-end finishes, making them a popular choice for wealthy homebuyers looking for a lavish lifestyle in a prime location.
Ozone WF48 is a residential development project located in Whitefield, Bangalore, India. The project is being developed by Ozone Group, a leading real estate developer in India.
The project offers spacious 2, 2.5, 3 and 4 BHK apartments ranging from 1438 sq.ft to 2667 sq.ft in size. The apartments are designed to offer a comfortable and luxurious lifestyle, with modern amenities such as a clubhouse, swimming pool, gymnasium, children’s play area, and more.
The location of Ozone WF48 is another highlight of the project, as it is situated in the bustling area of Whitefield, which is a major IT hub in Bangalore. This makes it an ideal choice for those working in the IT sector or related industries, as well as those looking for a well-connected and convenient location.
Wave City Centre
Wave City Centre is a mixed-use development project located in Noida, Uttar Pradesh, India. The project is being developed by Wave Infratech, a real estate developer with a presence across India.
The Wave City Centre project covers an area of approximately 152 acres and includes a mix of residential, commercial, and retail spaces. The project is being developed in phases, with each phase featuring a mix of different types of properties.
The residential properties in Wave City Centre include high-rise apartments and villas, ranging from 1 BHK to 4 BHK, with sizes ranging from 550 sq. ft. to 4,500 sq. ft. The commercial properties include office spaces, while the retail spaces include a shopping mall, entertainment zones, and restaurants.
Signature Global Park 4 & 5
Signature Global Park 4 & 5 are two luxury residential projects being developed by Signature Global Group in Sohna, Haryana, India. The two projects are located adjacent to each other and are spread across a total of 17.31 acres of land.
The projects offer spacious 2 and 3 BHK apartments with sizes ranging from 1386 sq. ft. to 2371 sq. ft. The apartments are designed to provide a comfortable and luxurious lifestyle, with features such as modular kitchens, air conditioning, and high-end finishes.
The projects offer a range of amenities for residents, including a clubhouse, swimming pool, gymnasium, sports facilities, and landscaped gardens. The projects are also designed to be environmentally friendly, with rainwater harvesting systems and green spaces.