How Will The Delhi Mumbai Expressway Impact Delhi NCR Real Estate Market?

The Delhi-Mumbai Expressway - A dynamic shift in connectivity

There is a lot of aniticipation and a lot of expectation from the the Delhi-Mumbai Expressway which will be launched by Prime Minister Narendra Modi in the presence of Nitin Gadkari, the Union Minister for Road Transport and Highways, soon.

The Delhi-Mumbai Expressway is anticipated to revolutionise commuting between Delhi and Mumbai and offer a much-needed boost to the adjacent real estate sector.

The highway was developed with world-class features, such as RFID tags, automated toll collection, and CCTV surveillance. The estimated decrease of travel time between Delhi and Mumbai from the existing 18 to 20 hours to roughly 12 hours is a big selling point for the highway. This decrease in commute time will facilitate travel between the two cities, resulting to a rise in demand for residential and commercial real estate in the region.

Vivek Singhal, CEO of Smartworld Developers, said,

"The completion of the Delhi-Mumbai Expressway represents a watershed moment for the Delhi and NCR real estate markets, particularly Gurgaon, firmly establishing it as the country's future growth corridor. The longest roadway in the United States will pave the path for more accessible, sustainable, and infrastructure-supported development in the states it traverses. It will also assist in the expansion of systematic investment possibilities in business parks and clusters, large-scale logistic parks designed to encourage exports and commerce, and new townships in its vicinity. In addition, the commissioning of the Delhi-Mumbai Industrial Corridor, the Western Dedicated Freight Corridor, and the completion of the three highways—NH48, Kundli-Manesar-Palwal Expressway, and Dwarka Expressway—will transform the real estate landscape of Gurgaon in a manner that has never been seen before."

Signature Global (India) founder and chairman Pradeep Aggarwal said,

"The opening of the Delhi-Mumbai Expressway would have a ripple impact on the property values in Sohna and New Gurugram. Consequently, the demand in both residential and commercial sectors is likely to expand dramatically in these locations. With Signature Global homes created in close proximity to the Delhi-Mumbai Expressway, we are optimistic that these growing property values will be used to attract even more potential purchasers. We predict that social infrastructure investments surrounding the motorway would have a multiplicative impact in supporting the Indian economic growth story”.

The commissioning of the Sohna-Dausa segment of the Delhi-Mumbai Expressway is a monumental milestone, ushering in a new age of Infrastructure development and economic growth in NCR stated Amarjit Bakshi, CMD of Central Park.

It is a big development with the capacity to reshape Sohna and its nearby economic centres by promoting business and commercial operations and bringing about promised advantages for everybody. Sohna is a point of entry for the Mumbai-Delhi motorway, which would offer the much-needed impetus for its rise not only as a hub for all economic activity but also as a major real estate destination.

The government’s other game-changing infrastructure developments in the region like the Gurgaon-Sohna Expressway, KMP Expressway, freight corridor, Orbital Rail Corridor, connectivity to the proposed Jewar International Airport, and easy access to the operational IGI airport etc. will be Sohna’s moment of glory.

The Delhi-Mumbai Expressway is anticipated to stimulate the Gurugram real estate market. The planned highway will offer speedier connection between Delhi, (from Gurugram Expressway and Sohna on the Dausa end), Jaipur, and Mumbai, decreasing travel time and making Gurugram a more desirable location for commercial and residential growth.

Improved infrastructure and rising demand for residential real estate are anticipated to attract investors in search of lucrative investment possibilities. Additionally, the construction of new infrastructure in the area is projected to push up property prices and demand for real estate, according to Alpha Corporation's chief financial officer and executive director, Santosh Agarwal.

The launch of the Delhi-Mumbai Industrial Corridor (DMIC) in Dausa, Rajasthan, is anticipated to stimulate the real estate industry in the area. The DMIC is a huge infrastructural project designed to build industrial zones along the Delhi-Mumbai railway. It is anticipated that the project would produce new employment opportunities and drive economic development, leading to an increase in demand for housing and commercial space. Vinay Wadhwa, general manager of sales at Vatika, said that the region's infrastructure and transportation amenities are anticipated to make it more attractive to investors and developers, hence bolstering the real estate market.

The Delhi-Mumbai Expressway is a significant project that the Indian government has undertaken to strengthen the country's infrastructure and general growth. The motorway is anticipated to dramatically cut travel time between the two cities, making transit considerably more comfortable, and provide a wealth of possibilities for real estate-related firms. This will increase the number of people travelling from Delhi/NCR to Mumbai, creating more business opportunities for real estate developers and making it easier for them to purchase land and construct residential and commercial projects, particularly office spaces, according to Vineet Taing, CEO of Vatika Business Centre.

Haryana is traversed by more than 160 kilometres of the new Delhi-Mumbai motorway, which would likely stimulate economic development and the need for homes and commercial space, particularly in Sohna. Moreover, when the anticipated link to the Jewar airport in Uttar Pradesh becomes operational, Sohna's real estate hub potential would increase.

The launch of the Delhi-Mumbai Industrial Corridor (DMIC) in Dausa, Rajasthan, is anticipated to stimulate the region's real estate market by luring new industries and enterprises. This will raise demand for commercial and residential buildings, leading to growth and development in the real estate market. Moreover, the expansion of infrastructure and transportation facilities in the area would enhance general living circumstances, making it a more desirable place for people to live and work, hence increasing the demand for real estate," said Rahul Singla, director of the Mapsko Group.

The highway is also anticipated to have a significant effect on the logistics business in the area, decreasing operating time and facilitating the transfer of products between Delhi and Mumbai. This would raise the need for warehouses and storage spaces in the region, which will benefit the overall real estate market.

Shashank Vashishtha, executive director of eXp India, said,

"Location is the key to success in the real estate industry, and the Delhi-Mumbai Expressway will revolutionise the way people live and work by connecting two of India's most populous cities. This enhanced connection will raise demand for residential and commercial real estate, as well as provide new investment possibilities, employment openings, and economic expansion. In addition, the increased demand for homes along the road will push up prices, giving investors with the opportunity for substantial financial gain. The Delhi-Mumbai Expressway is a really spectacular infrastructural project that will usher in a new age of real estate expansion and development."

  Conclusion

The opening of the Delhi-Mumbai Expressway is a key milestone for India and is anticipated to have a considerable influence on the local real estate market. It is anticipated that the motorway would offer a much-needed economic boost, provide job opportunities, and make it simpler for individuals and companies to travel between Delhi and Mumbai. The roadway demonstrates that the Indian government is working hard to develop infrastructure and enhance the quality of life for its citizens.