Delhi-Mumbai Expressway's Influence on Real Estate in Delhi and Mumbai
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Delhi-Mumbai Expressway's Influence on Real Estate in Delhi and Mumbai

by Godrej Properties Limited

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India's infrastructural development landscape has reached a new milestone with the Delhi-Mumbai Expressway. Beginning in March 2019, the Delhi-Mumbai Expressway is a monumental project connecting two major metropolises and promises to reshape the real estate dynamics of both Delhi and Mumbai. Spanning over 1,300 kilometres, this ambitious expressway is not just a network of roads; it's a catalyst for economic growth and a harbinger of change for the real estate sectors in these two bustling cities. 

Impact on Residential and Commercial Properties

The Delhi-Mumbai Expressway has an extreme effect on residential and commercial properties, making real estate investments profitable. The expressway enhances connectivity, boosting demand for real estate along its route. Increased accessibility attracts businesses and residents, influencing property values positively. The expressway's development has led to urban and commercial growth, making areas along its path attractive for property investment. The improved infrastructure and connectivity increase property values and market appeal, making residential and commercial property investments advantageous. 

Impact on the Economic Growth of India

The Delhi-Mumbai Expressway significantly impacts India's economic growth by facilitating faster transportation of goods and people, reducing logistics costs and fostering trade. The improved connectivity attracts investments, boosts industrial growth, and creates job opportunities along its corridor. This infrastructure project acts as a critical driver for economic development, contributing to the overall progress and prosperity of the nation.

The Rise of Tier-2 and Tier-3 Smart Cities

The Delhi-Mumbai expressway route will cover six states: Haryana, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, playing a pivotal role in the emergence of smart cities in tiers 2 and 3. This Delhi-Mumbai expressway route map enhances connectivity that, in turn, boosts economic activities, attracting investments and fostering urban development. The expressway acts as a catalyst for comprehensive development, influencing the trajectory of smart city initiatives in these regions.

The completion date for the Delhi-Mumbai Expressway is speculated to be June 2024. However, as per the current phase-by-phase construction status of the Delhi-Mumbai Expressway, the completion date may fluctuate. In conclusion, the ongoing developments and progress marked by the Delhi-Mumbai Expressway update showcase a transformative era in the real estate landscapes of Delhi and Mumbai. 

 

Frequently Asked Questions

1. How does the Delhi-Mumbai Expressway boost Delhi NCR's real estate demand?

Ans: The Delhi-Mumbai Expressway boosts Delhi NCR's real estate demand by improving connectivity, attracting businesses, spurring urban development, and fostering economic growth. Improved accessibility makes the region more appealing for people opting for real estate investment.

2. What economic advantages does the Delhi-Mumbai Expressway offer?

Ans: The Delhi-Mumbai Expressway generates economic benefits by reducing travel time, lowering logistics costs, fostering development along its route, and increasing trade, investments, and job opportunities.

3. What are the amenities on the Delhi-Mumbai Expressway?

Ans: On 2nd March, NHAI declared it would develop wayside amenities at more than 600 national highways and expressways by 2024-25. Thus, the Delhi-Mumbai Expressway will feature all the essential and modern amenities such as Village Haat/Bazaar, food courts, famous eateries, such as Burger King, McDonald’s, retail outlets, petrol pumps, etc.

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