The construction of the Delhi-Mumbai Expressway would significantly boost the Indian real estate market by providing a solid foundation on which to build residential and commercial buildings in India.
Haryana's Sohna and Faridabad, which are at the entrance of the highway, have already seen a rise in property sales.
The much-anticipated Delhi–Mumbai Expressway is nearing completion, with over 70% of the construction done thus far. India's Road and Transport Ministry says that the Rs 98,000-crore mega project will start up in 2023.
This access-controlled project would cover an area of 1500 acres and stretch over 1,350 kilometers. When finished, the project will reroute half of Delhi's southbound traffic. It will take 80 million tonnes of cement and 10 million tonnes of steel to build the expressway, making it one of the largest road construction projects in the world.
It is being created by the National Highways and Transportation Authority of India (NHAI) with the aid of a Special Purpose Vehicle (SPV). The government of India is providing institutional backing in an effort to reduce damage to the environment, advance renewable energy, and counteract climate weariness. About a million trees will be planted on each side of the roadway as part of this initiative. The expressway's lights will be powered by solar energy. Separate intersections designed with animals in mind will also be established. At the same time, it will have a significant impact on lowering emissions.
Careful and Diverse Planning for Development
The government's stated goal of creating more accessible, sustainable, and infrastructure-backed growth relies heavily on the completion of the Delhi-Mumbai Expressway. Connecting the dots between building and maintaining infrastructure, farming, and industry will be facilitated by this.
Neighboring business parks and clusters, logistics parks, and townships will see a surge in investment as a result. The local textile, garment, chemical, and agricultural businesses will be given priority in the effort to expand their presence. Large-scale logistics projects are being made right now to help boost exports and business, which will add to this trend.
The Delhi-Mumbai Industrial Corridor and the Western Dedicated Freight Corridor would also help the Expressway.
Together, these three massive projects would strengthen India's supply system and provide the country's economy with unparalleled stability.
For those who are unfamiliar, WDFC is a massive freight train network that extends from Dadri in UP to JNPT port in Mumbai. The completion of the project will enable the transportation of cargo at speeds of up to 100 kilometres per hour. The DMIC is a major industrial corridor that would link India's capital with the country's economic hub.
Improved Conditions for Constructed Buildings
The construction of the Delhi-Mumbai Expressway would significantly boost the Indian real estate market by providing a solid foundation on which to build residential and commercial buildings in India. It will forge the proper connection between the project's most important players, such as developers, government agencies, and financial organisations.
An extensive highway traverses several developing metropolitan centres, including Jaipur, Kota, Ratlam, and Vadodara. It would also be close enough to get to other big cities like Ahmedabad, Bhopal, Indore, and so on.
The entrance site of the highway, which comprises Sohna and Faridabad in Haryana, has already seen a spike in property demand. As the project's completion date draws near, the flow of systematic investment into new urban corridors, townships, SCOs, etc., will expand dramatically. The growth of business and manufacturing clusters will also affect the demand for real estate in the area.