South Mumbai Property Prices May Come Down: JLL India

South Mumbai property prices - believed to be one of the most expensive in the country- may see some softening, once the Mumbai Trans Harbour Link comes up, said Ashutosh Limaye of real estate consultant JLL India told NDTV.

The Mumbai Trans Harbour Link (MTHL), also known as Sewri-Nhava Sheva Trans Harbour Link, is a proposed 22 km, freeway grade road bridge connecting Mumbai with Navi Mumbai.

The bridge will begin in Sewri, South Mumbai and cross Thane Creek north of Elephanta Island and will terminate at Chirle village, near Nhava Sheva. When completed, it would be the longest sea bridge in India.

"So when trans urban link happens or when some of the other projects actually see the light of the day, that is the time when the traditional posh areas or premium areas of South Mumbai, say Bandra to Juhu, areas will see some softening of prices," said Mr Limaye, who is is the head of research of real estate intelligence service at JLL India.

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