Mumbai–Pune Expressway 'Missing Link' Project Inaugurated
Chief Minister Devendra Fadnavis has inaugurated the 13.3-km Mumbai–Pune Expressway 'Missing Link' project, which is expected to cut travel time between Mumbai and Pune by 20–30 minutes.
Key Highlights:
- Connects Khopoli to Kusgaon near Lonavala
- Bypasses congested Khandala Ghat stretch
- Makes the expressway fully access-controlled
Boost to Real Estate Potential
The improved connectivity is likely to boost real estate potential across emerging Mumbai 3.0 corridors such as Karjat, Neral, and Lonavala.
Expert Opinions:
- Gautam Thacker, NAREDCO Raigad: Infrastructure projects like the Missing Link are critical in unlocking the potential of regions like Neral and Karjat.
- Gulam Zia, Knight Frank India: The project's scale is underscored by the inclusion of India's longest and tallest road cable-stayed bridge across Tiger Valley.
- Rahul Ajmera, Vasupujya Corporation: The proposed Mumbai–Pune bullet train could be a far more significant game-changer.
Current Status:
The project, implemented by the Maharashtra State Road Development Corporation (MSRDC), is now open to the public. The Mumbai-Pune Expressway is India's first Expressway.
Operational Details:
- Currently operational only for light motor vehicles and buses
- Goods and heavy vehicles will be allowed subject to a review after six months
Impact on Warehousing and Logistics:
The warehousing and logistics sector is poised to benefit significantly from the improved connectivity.
Real Estate Prices Comparison:
- Pune: Average apartment price ₹10,000 – ₹15,000 per sq ft
- Mumbai: Average apartment price ₹40,000 – ₹50,000 per sq ft