Real Estate Mumbai

Mumbai-Pune Old Highway Six-Lane Expansion: Realty Impact

By GeoSquare News Desk · Published 2026-11-10

The Maharashtra government has approved the expansion of the Mumbai-Pune old highway (NH-48) to six lanes, a move set to significantly improve commute times and spur real estate development along the corridor. The project, estimated to cost over ₹4,000 crore, will cover the stretch from Kalamboli to Khopoli, easing congestion on the current four-lane road.

Project Highlights

The expansion will include widening of the existing carriageway, construction of new service roads, and upgrades to major junctions. The highway is expected to be completed in phases, with the first phase targeting the most congested sections near Panvel and Khopoli. Alternative traffic routes have been planned during construction, including the use of the Mumbai-Pune expressway and local arterial roads.

Real Estate Impact

This infrastructure upgrade is likely to boost property demand in areas like Panvel, Khopoli, and Lonavala. Improved connectivity reduces travel time to Mumbai and Pune, making these locations attractive for both residential and commercial projects. Experts anticipate a 10-15% appreciation in property prices in the vicinity once the project is completed. Developers are already eyeing land parcels along the corridor for new township projects.

Investment Outlook

For investors, the six-lane highway offers a long-term growth story. Areas within a 5-km radius of the highway are expected to see increased activity. However, buyers should verify project approvals and infrastructure timelines before investing. The government's focus on improving road infrastructure aligns with the state's vision to boost economic growth and housing supply.