The long-awaited Delhi-Mumbai Expressway will be officially opened on February 12 by Prime Minister Narendra Modi, accompanied by Union Minister for Road Transport and Highways Nitin Gadkari. The Expressway’s construction is expected to transform travel between Delhi and Mumbai and provide a much-needed boost to the local real estate market. The Expressway is expected to have a significant impact on regional economic growth by creating a large number of new jobs and attracting new companies and investors to the area.
The highway has cutting-edge features such as automatic toll collection, RFID toll tags, and CCTV surveillance. More people and businesses will relocate to the area as a result of the Expressway improvements, which will make it safer and more convenient for drivers. The motorway reduces travel time between Delhi and Mumbai from 18 to 20 hours to just 12 hours. Because of the shorter travel time between the two cities, more people will want to relocate there. This will increase demand for both residential and commercial real estate.
The recent opening of the Delhi-Mumbai Expressway, which establishes the city as the entry point to the country’s planned development corridor, is a watershed moment for the real estate markets in Delhi and the National Capital Region (NCR), particularly in Gurgaon. The construction of the nation’s longest highway has made accessible, sustainable, and infrastructure-backed growth possible in the states along its route. It will also facilitate the expansion of systematic investment opportunities into nearby business parks and clusters, large-scale logistic parks to encourage exports and trade, and new townships. The completion of NH48, the Kundli-Manesar-Palwal Expressway, and the Dwarka Expressway, as well as the commissioning of the Delhi-Mumbai Industrial Corridor, according to Vivek Singhal, CEO of Smartworld Developers, would have an unprecedented impact on the real estate market in Gurgaon.
“More than 160 kilometres of the New Delhi Mumbai motorway pass through Haryana, which is likely to stimulate overall economic growth as well as demand for housing and commercial space, particularly in Sohna,” he added. Sohna, as a real estate hub, will benefit from the planned connection to the Jewar airport in Uttar Pradesh.
With less time spent travelling and more time spent doing business, commercial and industrial real estate between Delhi and Mumbai will be in high demand. The construction of the highway is also expected to boost the local hospitality and tourism sectors. It will make travel between the two cities easier, giving visitors more options for lodging and dining while they are in the area.
When the Delhi-Mumbai Industrial Corridor (DMIC) officially opens in Dausa, Rajasthan, it will attract new industries and businesses, boosting the local real estate market. As a result, demand for both commercial and residential real estate will increase. According to Rahul Singla, Director of Mapsko Group, “Demand for real estate will increase as the region’s infrastructure and transportation facilities improve, making it a more appealing location for people to live and work.”
The expressway’s ability to reduce operational time and facilitate the transportation of goods between Delhi and Mumbai is expected to have a positive impact on the logistics sector. This is good news for the local real estate market because it will increase demand for warehouses and other types of storage space.
Furthermore, Shashank Vashishtha, Executive Director of eXp India, stated, “Location is the key to success in the real estate sector, and the Delhi-Mumbai Expressway is set to revolutionize the way people live and work by providing seamless connectivity between two of India’s largest cities.” These improved connections will result in increased demand for residential and commercial real estate, as well as new investment opportunities, job openings, and economic growth. Because of the increased demand for real estate in the corridor, prices will rise, providing investors with the opportunity for substantial returns. The Delhi-Mumbai Expressway is an outstanding infrastructure project that will usher in a new era of growth and development in the real estate market.
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