We use cookies and other tracking technologies to provide services in line with the preferences you reveal while browsing the Website to show personalize content and targeted ads, analyze site traffic, and understand where our audience is coming from in order to improve your browsing experience on our Website. By continuing to browse this Website, you consent to the use of these cookies. If you wish to object such processing, please read the instructions described in our Cookie Policy / Privacy Policy.
Interested in blogging for timesofindia.com? We will be happy to have you on board as a blogger, if you have the knack for writing. Just drop in a mail at toiblogs@timesinternet.in with a brief bio and we will get in touch with you.
Sunil Sisodiya is Founder, Geetanjali Homestate.
The Delhi-Mumbai Expressway is a 1350 km-long spectacular engineering marvel that seamlessly connects Delhi to Mumbai, extending across 1500 hectares. It is the longest expressway in India and one of the most advanced roadway projects.
The Delhi-Mumbai Expressway stretches across regions such as Gurugram, Sohna, Alwar, Kota, Ratlam, Vadodara, and Surat, among others.
Apart from reducing travel time between the financial capital and the national capital, the expressway is also expected to strengthen the economy of its regions. Industry experts have anticipated that the real estate sector will capitalise on this opportunity, and the market may see the realty sector as a rising star.
A Strong Push to the Real Estate Business
The Delhi-Mumbai Expressway will offer concrete growth to the real estate market by providing a designated landscape for developing warehousing, logistic space, residential, and commercial projects.
The Delhi-Mumbai Expressway region has become a lucrative opportunity for the real estate sector due to the growing demand for properties with strong social infrastructure. This is unfolding an exciting chapter of realty businesses.
The expressway project will pave a groundbreaking path backed by strong, accessible, and sustainable infrastructure in the regions it comprises. Most of these regions are mostly tier-2 and tier-3 cities such as Sohna, Alwar, Ratlam, and others.
The Delhi-Mumbai Expressway region will see a pool of investment opportunities in developing business clusters, residential properties, retail, malls, hospitals and educational institutes.
The Rise of the Hospitality Sector Hand-in-Hand with the Real Estate Sector
The Delhi-Mumbai Expressway has covered a lot of tourist spots including Ranthambhor, Keoladeo, and Sariska national parks as well as historic cities such as Ajmer and Jaipur. This is an opportunity for the hospitality and tourism industry to grow. The rise of the hospitality industry will be backed by the real estate sector.
Building unparalleled and sustainable structures to meet the need and demands of visitors, the interlinking of the two different sectors will bring economic growth to the region.
The Emergence of Smart Cities in tier-2 & 3 Cities
The development of the Delhi-Mumbai Expressway has provided leverage to the tier-2 and tier-3 cities. The Expressway region will see the rise of smart cities as these cities offer palpable ground to attract investors, businesses, and residents. The major reason is the smooth connectivity and accessibility to metro cities like Delhi-NCR, and Mumbai due to the expressway project.
Additionally, the region offers ample open space, greenery, and a sustainable environment, providing a healthy lifestyle for its residents. The development of infrastructure and smooth transportation will improve the overall landscape of business and living conditions, driving growth for the real estate industry.
Sohna, Gurugram; The Next-Big Realty Hub
The Gurugram region has recently become a focal point for the development of new expressways. Sohna, located in Gurgaon, serves as the entry point of the Delhi-Mumbai Expressway. This strategic location lends Sohna more pivotal ground and marks it as a prominent city in the region.
There has been an increase in demand for mid-segment, luxury, and ultra-luxury residential projects in Sohna. The region is expected to soon become comparable to the Cyber hub and Golf Course of Gurugram, in terms of development and infrastructure.
To Sum Up
The Delhi-Mumbai Expressway has become a hot spot for the real estate sector, and there are various key points where real estate can capitalize on the opportunity. The Delhi-NCR and Gurugram region are expected to become the next big realty hub with new business and residential properties. In the tier-2 and tier-3 cities, demand for warehouses for retail and e-commerce is projected to grow.
The Delhi-Mumbai Expressway is expected to provide a boost to the real estate sector and foster economic development in the region
{{{short}}} {{#more}} Read More {{/more}}
Views expressed above are the author’s own.
What’s ‘Misleading’?
Hanged curd
A Vaxing Question
Facts of the matter
Understanding ADHD
The just in justice
Hanuman: Ideal Synthesis of Bhakti and Shakti
FCA amendment Bill should ring alarm bells for natural heritage
Can we tame the mustang to be a workhorse?
Between two rocks and a very hard place
Interested in blogging for timesofindia.com? We will be happy to have you on board as a blogger, if you have the knack for writing. Just drop in a mail at toiblogs@timesinternet.in with a brief bio and we will get in touch with you.
The Underage Optimist,TOI Edit Page
Right & Wrong,TOI Edit Page
Copyright © 2023 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service