The Varanasi-Kolkata Expressway: A Catalyst for Real Estate Transformation
May 23, 2024Investments

The Varanasi-Kolkata Expressway: A Catalyst for Real Estate Transformation

by Godrej Properties Limited

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Introduction to the Varanasi Kolkata Expressway

The 610.417 km long Varanasi Kolkata Expressway is a significant infrastructure project aimed at improving connectivity between Varanasi in Uttar Pradesh and Kolkata in West Bengal. Proposed to be completed by 2026/27, The Varanasi Ranchi Kolkata Expressway will be an important route for transporting goods and people between these major cities, making travel and trade easier. 

Not only will the expressway boost connectivity and accessibility, but it will also greatly impact both Uttar Pradesh and West Bengal real estate as well. With easier access to amenities and employment opportunities in both Varanasi and Kolkata, residents along the expressway corridor may experience an improved quality of life. This could make properties in these areas more attractive to homebuyers and investors alike.

Benefits of the Varanasi Kolkata Expressway

Once the Varanasi Kolkata Expressway project is realised, it will offer multiple benefits:

  1. Faster Travel: The expressway will make travelling between Varanasi and Kolkata quicker.
  2. Boost to Trade: It will help businesses transport goods more efficiently.
  3. Economic Growth: The expressway could lead to economic development along its route.
  4. Job Opportunities: Construction and maintenance of the expressway will create employment.
  5. Property Appreciation: Both Varanasi and Kolkata real estate will flourish as demand for real estate will grow owing to improved connectivity and economic opportunities.


Varanasi Ranchi Kolkata Expressway Route Map

Although the exact route map for the Kolkata Varanasi expressway is not available yet, the corridor will cover:

  • Uttar Pradesh (Chandauli District, Barhuli village, Varanasi Ring Road),
  • Bihar (Uttar Pradesh Bihar border, Kaimur district, Aurangabad, Rohtas and Gaya),
  • Jharkhand (Districts of Chatra Hazaribagh, Ramgarh and Bokaro),
  • West Bengal (Uluberia,  districts of Purulia, Bankura, Paschim Medinipur, Hooghly and Howrah)

Varanasi Ranchi Kolkata Expressway: Real Estate Impact

The Varanasi Ranchi Kolkata Expressway will impact the residential real estate in several ways:

More Housing Projects: People might want to move closer to the expressway for easier travel. This could lead to more residential projects being built along the route.

Higher Land Prices: With the expressway making travel easier, the land near it might become more valuable. This means the prices of land and houses nearby could increase, resulting in good ROI.

New Opportunities: The expressway could bring new job opportunities to the area. When more people move in for work, it could lead to more development and growth in real estate.

Enhanced Lifestyle: Reduced commute time, easier access to amenities and services, and overall improved convenience for residents and commuters enhance lifestyle to a great extent. 

Overall, the Varanasi-Ranchi-Kolkata Expressway could change the real estate scene by bringing more development, better connectivity, and new opportunities for people living along its route.


 

Frequently Asked Questions

Q: Which states will the Varanasi Ranchi Kolkata expressway pass through?

A: The Varanasi Kolkata Expressway will pass through the states of Uttar Pradesh, Bihar, Jharkhand, and West Bengal.

Q: What is the expected completion date for Varanasi Ranchi Kolkata Expressway?

A: The Varanasi Kolkata Expressway is expected to be completed by 2026   2027.

Q: Which national highway joins Kolkata to Varanasi?

A: The Banaras Kolkata Expressway connects Varanasi in Uttar Pradesh with Kolkata in West Bengal. 

Q: How many districts will the Varanasi Kolkata Expressway cover?

A: The Varanasi Kolkata Expressway is expected to cover a total of 8 districts, including Varanasi, Jaunpur, Azamgarh, Mau, Ghazipur, Ballia, Buxar, and Patna.