VERSOVA BEACH MUMBAI:
Versova is an upmarket neighbourhood in the north-western Mumbai. It is known for its beach and the Versova Fort. It was part of Portuguese India, which was part of the Portuguese Empire, until 1739, when the Portuguese lost this part of their empire to the Maratha Empire. The beach of Versova recently undertook a massive clean-up effort, labelled as the largest ever beach clean-up.
The broadway is planned by the Mumbai Maritime Board under the Versova Beach Restoration Project. Under the project, shacks for restaurants, arena for water and beach sports would also be created.
The project was approved by Maharashtra Coastal Zone Management
Authority last year and has been funded by the state government at Rs 28
crore.
According to officials, no mangroves will be destroyed while building the broadway. The project will be operational by the end of the year, and is expected to replenish the Versova beach. The MMB will be replicating this model to restore other beaches lying along the state coastline.
Boosting green cover along coastline
As the greenery is on depletion due to rapid urbanisation, the Mumbai civic authority is planning to plant one lakh saplings at the mangrove park at the Gorai-Manori Beach area. Authorities have already approved Rs 1 crore for the project and another Rs 3 crore will be pumped in by the Brihanmumbai Municipal Authority.
Impact on real estate
Juhu and Versova are prime real estate markets in Mumbai where property prices exceed Rs 30,000 per sqft. While Juhu is dotted with high-end luxury hotels and celebrity homes, Versova also shares similar kind of infrastructure except the bungalows which have been taken down to give way to high-rises and multi-storey buildings. With the broadway coming in, there would be a direct impact on the rental demand in these areas, ensuring a good time for real estate investors to charge a premium from their tenants.
Versova beach
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Versova is an upmarket neighbourhood in the north-western Mumbai. It is known for its beach and the Versova Fort. It was part of Portuguese India, which was part of the Portuguese Empire, until 1739, when the Portuguese lost this part of their empire to the Maratha Empire. The beach of Versova recently undertook a massive clean-up effort, labelled as the largest ever beach clean-up.
Now, Walk Through Mangroves On Juhu-Versova Broadway
The broadway is planned by the Mumbai Maritime Board under the Versova Beach Restoration Project. Under the project, shacks for restaurants, arena for water and beach sports would also be created.
According to officials, no mangroves will be destroyed while building the broadway. The project will be operational by the end of the year, and is expected to replenish the Versova beach. The MMB will be replicating this model to restore other beaches lying along the state coastline.
Boosting green cover along coastline
As the greenery is on depletion due to rapid urbanisation, the Mumbai civic authority is planning to plant one lakh saplings at the mangrove park at the Gorai-Manori Beach area. Authorities have already approved Rs 1 crore for the project and another Rs 3 crore will be pumped in by the Brihanmumbai Municipal Authority.
Impact on real estate
Juhu and Versova are prime real estate markets in Mumbai where property prices exceed Rs 30,000 per sqft. While Juhu is dotted with high-end luxury hotels and celebrity homes, Versova also shares similar kind of infrastructure except the bungalows which have been taken down to give way to high-rises and multi-storey buildings. With the broadway coming in, there would be a direct impact on the rental demand in these areas, ensuring a good time for real estate investors to charge a premium from their tenants.
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