The light at the end of the tunnel

June 2025

The Thane-Borivali Tunnel project is expected to significantly impact the real estate market in both Borivali and Thane. Here are some potential effects:

• Increased Demand:With the reduced travel time between Thane and Borivali, from over an hour to approximately 15 minutes, the demand for properties in both areas is likely to increase. This tunnel will provide a faster and more direct route for commuters, making these areas more attractive for homebuyers and businesses.
• Boost to Economic Growth:The project is expected to promote economic growth by enhancing connectivity and reducing traffic congestion on key routes like Ghodbunder Road and the Western Express Highway. This could lead to increased economic activity, job opportunities, and infrastructure development in the region.
• Property Value Appreciation: The improved connectivity and reduced travel time may lead to an appreciation in property values in both Borivali and Thane. As these areas become more accessible, they may attract more buyers, renters, and businesses, driving up property prices.
• Shift in Investment Patterns:The tunnel project might influence investment patterns in the real estate market. Investors may focus on areas around the tunnel entrances and exits, anticipating increased demand and potential for growth.
• Environmental Benefits:By reducing travel time and distance, the project is expected to cut down carbon emissions by around 1,50,000 metric tonnes every year, making the area more attractive to environmentally conscious homebuyers and businesses.

Key Considerations

• Toll Charges:The Maharashtra government has approved toll charges for the Thane-Borivali twin tunnel project, set at Rs 200 for light motor vehicles. This might impact the attractiveness of the area for some buyers or commuters.
• Environmental Concerns: Residents have raised concerns about the project's environmental impact, including tree felling and destruction of green belts. The MMRDA has assured that 5,300 meters of green belt will be developed in two phases above the tunnel. Overall, the Thane-Borivali Tunnel project is expected to have a positive impact on the real estate market in both Borivali and Thane, with potential benefits including increased demand, economic growth, and property value appreciation.
• Convenience Those who are staying in western suburbs and having their workplace either in Thane or Navi Mumbai will be benefited. Those who stay in Central suburbs will benefit from catching outstation trains from Borivali, especially those having their work place in Vasai - Vapi industrial belt. I feel many invisible benefits will appear moving forward as any such infrastructure projects brings multiple opportunities for growth!!! Waiting for one more real estate growth opportunity for everyone.

~ Vinod Thakkar
Founder and CEO, Squarefeet India

Source: Thane Realty News

To Know About Thane Real Estate Development Contact Us at 09833458323