Major Existing & Upcoming Infrastructure Projects Impacting Urbanization in India

As per the Colliers report, India’s urbanization is being driven by an increase in rural-to-urban migration. By 2030, about 40% of India’s population, or 60 crore people, is expected to live in cities. To support this growth, India plans to invest over INR 143 lakh crores in infrastructure by 2030. A large portion of this investment will go into urban infrastructure projects including second airports, inter-city metro networks, aero-cities, highways, high-speed rail corridors, IT zones, and data centers.

Several infrastructure projects are impacting urban development across India. The Mumbai Trans-Harbour Link (MTHL), connecting Mumbai and Navi Mumbai, has reduced travel time and led to an increase in land prices in areas like Uran and Kharghar. The expansion of Kempegowda International Airport in Bangalore, including Terminal 2, has driven growth in North Bangalore, with land prices rising in areas such as Devanahalli and Yelahanka. Additionally, the development of projects like the Navi Mumbai International Airport and Jewar Airport is expected to further boost land values by 2030.

As infrastructure projects advance, areas like Khopoli, near the Navi Mumbai International Airport, are expected to see land price increases. Khopoli’s proximity to transport routes makes it an investment destination, with prices predicted to rise 3.9X in the next five years. Other regions like Sanand in Gujarat and Sonipat in Haryana are also set for growth, with land prices expected to increase by 3.0-3.3X. These areas offer investment opportunities due to improved connectivity and access to infrastructure.

Beyond the infrastructure projects discussed above, the report also explores how multiple infrastructure projects in the same area can drive growth. It highlights regions with access to essential services like schools, hospitals, and universities, which support new developments. Additionally, the report analyses the significance of locations with affordable land near major cities, which are expected to experience increased real estate growth due to better transport links, offering opportunities for both investors and developers.

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