Prime Minister Narendra Modi will inaugurate the Mumbai Trans Harbour Link (MTHL), the country’s longest sea bridge, on January 12, 2024. The 21.8 km long MTHL would cater to 70,000 vehicles daily connecting Sewri at Mumbai to Chirle at Navi Mumbai.
The inauguration of the Mumbai Trans Harbour Link (MTHL) is set to revolutionize the daily commute, slashing the travel time from the current 2 hours to a mere 20 minutes. This remarkable improvement in connectivity is anticipated to fuel a surge in housing demand and a corresponding increase in property values in Panvel region. The MTHL will make reaching Panvel more convenient from Central and South Mumbai than accessing Andheri in the western suburbs or Ghatkopar in the central suburbs, where real estate prices are currently 3 to 4 times higher. With improved connectivity and reduced travel time, home buyers will find it beneficial to buy larger homes here in Panvel and at a much reasonable cost, rather than buying more expensive and smaller homes in the Mumbai suburbs which are already densely populated with inadequate infrastructure and lifestyle.
