India’s urban growth narrative is underpinned by a powerful duo: infrastructure and real estate. The dynamic interplay between these two sectors is shaping cities, driving economic progress, and transforming underdeveloped areas into bustling urban hubs. Infrastructure not only facilitates connectivity and accessibility but also catalyzes real estate demand, laying the foundation for sustained growth across residential, commercial, and industrial segments.
Mumbai’s Leap: The Transformative Trans Harbour Link
The Mumbai Trans Harbour Link (MTHL) is a beacon of transformative infrastructure. Spanning 22 kilometers, it connects Sewri to Navi Mumbai in just 20 minutes. This rapid connectivity, coupled with the proximity to the upcoming Navi Mumbai International Airport, has revolutionized the real estate market in areas like Panvel, Ulwe, and Kharghar.
According to Anarock Research, property prices in Navi Mumbai have surged by over 25% since 2015, with further growth of 10–15% expected in the next two to three years on this, Mohit Malhotra, Founder & CEO of NeoLiv, said, “Mumbai’s real estate market is witnessing a major infrastructure transformation, driven by large projects and urban renewal initiatives. The Mumbai Trans Harbour Link is a great example of new growth corridors being developed on either side of the city. This would drive demand for mid-income and quality housing in the upcoming areas. New-age developers with sound financial backing ensuring timely completion of projects shall benefit the most from such new growth corridors as end-user demand is likely to sustain for the next few years as customers would be able to choose high-quality developments at affordable pricing.
Hyderabad: The Promise of the Regional Ring Road
Hyderabad’s real estate market is flourishing with the advent of the 340-km Regional Ring Road (RRR). This transformative infrastructure project is enhancing connectivity between key areas like Sangareddy and Shankarpally. The city recorded a 20% jump in sales value, reaching ₹11,718 crore in Q3 2024, while western suburbs dominated transactions and sales value at 45% and 56%, respectively.
The MD & CEO of Stonecraft Group, Kirthi Chilukuri, explained, “Real estate growth is directly proportional to infrastructure development. Connectivity plays a crucial role in attracting investments and making projects viable. For example, the Outer Ring Road in Hyderabad has transformed the western corridor, attracting both residential and commercial developments.”
He further stated, “Developers are increasingly incorporating sustainability and smart technologies into their projects to cater to eco-conscious buyers. From energy-efficient buildings to green-certified townships, the focus has shifted towards creating properties that not only meet market demands but also contribute to environmental sustainability.”
Delhi-NCR’s Growth Driver: The Dwarka Expressway
The Dwarka Expressway in Gurugram exemplifies the direct impact of infrastructure on real estate. Its robust connectivity has made it a focal point for developers and homebuyers. Capital values of under-construction properties have risen by 43% in 2024, while premium areas like New Gurugram recorded an unprecedented 53% surge in property prices.
Commenting on this, Mr. Vineet Dawar, President of Sales & Strategy, Elan Group mentioned that, “Dwarka Expressway is fast emerging as a prime location for real estate investment due to a confluence of factors. Its strategic positioning within NCR offers excellent connectivity, potentially linking residents to key business districts, airport, and major transportation hubs. The expressway itself is designed for efficient travel, further enhancing accessibility.
Additionally, the area boasts a flourishing corporate landscape, creating job opportunities and attracting a growing workforce, which in turn fuels demand for housing. Furthermore, ongoing infrastructure enhancements beyond just the expressway and the limited supply of luxury homes are expected to make the entire location even more desirable. Once the expressway is fully operational, its potential for improved connectivity will be fully realized, likely leading to a significant rise in property values.”
Sharing his views, Madhur Gupta, CEO of Hero Realty Pvt Ltd, said, “The region’s robust infrastructure development, featuring world-class amenities and transportation networks, has established it as a highly sought-after real estate destination. The Dwarka Expressway has seen a 79% price surge over the last five years, highlighting its exceptional investment potential. The growing demand for high-end residential and commercial spaces in the NCR has driven up property values, rendering the Dwarka Expressway a lucrative investment opportunity for both investors and end users.”
Vivek Singhal, CEO, of Smartworld Developers stated “The robust demand for residential and commercial properties along this corridor underscores its increasing importance as a preferred destination. For prospective buyers, choosing a property here isn’t merely about acquiring a home; it’s about securing a stake in a dynamic and flourishing ecosystem that promises sustained growth and prosperity for the future.”
The Bigger Picture: Infrastructure Fuels Real Estate Evolution
From Navi Mumbai to Gurugram and Hyderabad, infrastructure is the invisible hand reshaping India’s urban landscapes. It fosters mobility, spurs investment, and enhances quality of life. Projects like the MTHL, RRR, and Dwarka Expressway underscore the vital role infrastructure plays in driving real estate growth. As urbanization accelerates, this symbiotic relationship will continue to define India’s cities, setting the stage for sustainable and inclusive progress.