Delhi-Mumbai Expressway will trigger real estate boom across Delhi NCR
It will open up job opportunities and tourism avenues besides attracting countless investors
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The expressway is also expected to have a positive impact on the logistics industry in the region, reducing operational time and making it easier for goods to be transported between Delhi and Mumbai. This will increase the need for warehouses and storage spaces in the area, which will help the real estate market as a whole
The highly anticipated Delhi-Mumbai Expressway, which is expected to revolutionise travel between Delhi and Mumbai, will provide a much-needed boost to the real estate market in the surrounding areas. The expressway is expected to impact the region’s economic growth while opening up employment opportunities besides attracting businesses and investors.
The expressway has been designed with world-class features, including RFID tags, automatic toll collection and CCTV monitoring which will make travel easier and safer with the bonus being saving on time by almost six to eight hours. Quite naturally, more and more would prefer to shift to those areas, which will, in turn, boost demand for residential and commercial properties.
Talking to Bizz Buzz, Vivek Singhal, CEO, Smartworld Developers, said, "Completion of the expressway is a watershed moment for the Delhi and NCR real estate markets, especially Gurgaon. This will mark the gateway to the future development corridor of the country. The country’s longest 1,390-km highway will pave the way for more accessible, sustainable and infrastructure-backed growth in the states it passes through. It will open up investment opportunities in business parks and clusters, large scale logistic parks to promote exports and trade, and new townships in its proximity. Commissioning of the Delhi-Mumbai Industrial Corridor, the Western Dedicated Freight Corridor and completion of NH48, Kundli-Manesar-Palwal Expressway and Dwarka Expressway, will drastically change the real estate landscape of Gurgaon.”
Singhal added that "More than 160-km-long stretch of the new Delhi Mumbai expressway passes via Haryana, which will likely spur overall economic growth as well as the demand for housing and commercial space, especially in Sohna. Furthermore, when the proposed connectivity to Jewar airport in Uttar Pradesh becomes operational, Sohna's potential as a real estate hub will be enhanced. The expressway is also expected to give tourism and hospitality industries in the area a much-needed boost. It will make it easier for tourists to travel between the two cities and give them more choices for where to stay and eat.”
“Opening of the Delhi-Mumbai Industrial Corridor (DMIC) in Dausa, Rajasthan, is expected to boost the region's real estate sector with new industries and businesses coming in. This will increase demand for commercial and residential properties, resulting in real estate growth and development. Furthermore, the development of infrastructure and transportation facilities in the region will improve living conditions, making it a more appealing location for people to live and work, thereby driving higher demand for real estate,” said Rahul Singla, Director, Mapsko Group
The expressway is also expected to have a positive impact on the logistics industry in the region, reducing operational time and making it easier for goods to be transported between Delhi and Mumbai. This will increase the need for warehouses and storage spaces in the area, which will help the real estate market as a whole.
Shashank Vashishtha, Executive Director, eXp India, said, "Location is the key to success in the real estate sector, The Delhi-Mumbai Expressway is set to revolutionise the way people live. This connectivity will lead to increased demand for residential and commercial property and create new investment opportunities, job openings and economic growth. The remarkable infrastructure project will usher in a new era of growth and development in the real estate sector." On the whole, the Delhi-Mumbai Expressway will mark a major milestone for India and have a major impact on the real estate sector in the surrounding areas.
