Delhi Dehradun Expressway becomes OperationalOn Tuesday, Prime Minister Narendra Modi inaugurated the Delhi-Dehradun Expressway. Earlier, he visited Uttar Pradesh’s Saharanpur to assess the 12-km-long wildlife corridor as an elevated component of the overall project. The visit was followed by a puja at Dehradun’s Dak Kali temple, a landmark on the infrastructure development worth Rs. 12,000 Crore.
How Real Estate Sector witness a boom as the Delhi-Dehradun Expressway becomes operational?
The Expressway, constructed in a phased manner, is also an important business route. With 100 underpasses and 5 railway overbridges, it constitutes major connectivity for logistics and trade.
Along with diminishing travel from 6 to 2.5 hrs, the Expressway is a major route for freight movement between the top cities. The Delhi-Dehradun Expressway connects with the Delhi-Mumbai Expressway. Therefore, industrial zones and warehouses emerge as a necessity on the real estate map.
Also, the Expressway connects to Haridwar and Roorkee via the Eastern Peripheral Expressway.
The curtailing of travel time to Dehradun means high tourist footfall, thus driving the economy through a profitable phase. With investment in villas, townhouses, and more, investors are likely to reap high rental values.
Delhi-Dehradun Expressway and Real Estate Market Expansion
Residential, plot, or commercial, which real estate investment is best near the Delhi-Dehradun Expressway?
Ever since its announcement, the Delhi and Dehradun real estate has been witnessing a high demand for immovable assets. From end-users to investors, everyone aims to own distinguished properties in proximity to the six-lane expressway. Also, the demand for immovable assets in proximity to exits on the expressway is soaring.
Which is the best property investment option near the Delhi-Dehradun Expressway? With accessibility to Dehradun curtailed by hours, investors prefer villas, farmhouses, and plots in the city. The demand for premium homes in Uttarakhand’s capital city also interests developers to introduce opulent properties.
Therefore, reputed developers in North India plan to unveil the best residential properties for sale on the Delhi-Dehradun Expressway. The majority aims to launch urban immovable assets integrated with top-notch amenities.
A spurge is visible amongst developers to render homes as part of townships and gated communities.
Delhi-Dehradun Expressway to boost Commercial Real Estate
An over 200 km long Expressway is a bridge for logistics between many cities. Also, the swift connectivity between several places makes Dehradun an important destination for employment. Several businesses aim to explore the city to set up offices, malls, and district centers. Therefore, commercial real estate on the recently inaugurated expressway is likely to witness massive growth.
The emergence of trade routes enhances demand for warehousing and logistical support on the go. Thus, industrial zones are also on the map, leading to a boom in the real estate sector.
A Phase-Wise Construction of Delhi-Dehradun Expressway focus on Sustainability-based Growth
Developed in four phases, the total 210-213 km long stretch with 6-lanes running between Delhi and Dehradun is a green landscape. With a thoughtful layout to protect wildlife, the Expressway also becomes Asia’s largest Wildlife Corridor.
While the first phase, which includes certain areas of Delhi (Akshardham, Geeta Colony, and Shastri Park) via Ghaziabad to Baghpat, became operational from December last year.
The inauguration of the Delhi-Dehradun Expressway lay a solid foundation of striving economy and growth in the value of immovable assets.
RBI Monetary Policy - Repo Rat...