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6/11/2018

How Infrastructural Developments Impact Realty Market of Delhi - NCR

In Union Budget 2018, ₹ 5.97 lakh crore is allocated to creating and upgrading infrastructure which is 20% more than last year budget allocation. For the Ministry of Road Transport and Highways, the budgetary allocation has been increased to Rs 71,000 crore for 2018-19 from Rs 64,900 crore in the ongoing fiscal.

It is an established fact that prosperity in real estate industry is directly proportional to its infrastructural development. Infrastructure development has always been an important area to focus for the Narendra Modi led NDA government. In Union Budget 2018, ₹ 5.97 lakh crore is allocated to creating and upgrading infrastructure which is 20% more than last year budget allocation. For the Ministry of Road Transport and Highways, the budgetary allocation has been increased to Rs 71,000 crore for 2018-19 from Rs 64,900 crore in the ongoing fiscal.

Any type of development in infrastructure tend to increase the value of properties available in the adjoining areas. This is mainly because the infrastructure project is considered as a part of USP for the realty developers or landowners as it is an influencing factor for real estate investment and development decisions in cities. Therefore, the better infrastructure can improve the growth of real estate industry to another level. 

Hindon Elevated Road to Boost Real Estate Market in Ghaziabad

As a region, Ghaziabad has always been considered as one of the fastest growing real estate markets in the NCR region and has become a hot property destination. There are many micro pockets in Ghaziabad where Raj Nagar Extension (RNE), located on the outskirts of Ghaziabad, is regarded as one of the fastest growing realty hubs in the NCR region.
If one can highlight the key infrastructural developments in Raj Nagar Extension, one cannot ignore the 10.3 km-long, six-lane Hindon elevated road from Raj Nagar Extension to UP Gate which has added more feathers to the cap of real estate in Raj Nagar Extension.


Impact on the property market
The development of the country's longest elevated road can be considered as a favorable move for Delhi-Ghaziabad commuters who have been facing a lot of problems due to endless traffic snarls towards Meerut and other areas of western UP.
the commuting time from Ghaziabad to east Delhi border will be reduced to just 15 minutes at a permitted speed of 80 kmph. Commuters traveling to Meerut, Hapur and beyond get to benefit from a clear passage courtesy of the six-lane Hindon elevated road.
Hindon elevated road is now operational and traffic easing from Ghaziabad, the city is sure to witness a boost in the demand for properties which will increase the prices of properties.
With such infrastructural developments, it is sure to become one of the key highlights of NCR real estate market and going to witness an exemplary surge in demand for properties. 

Eastern Peripheral Expressway To Boost Real Estate Market In Delhi-NCR Region

Decongestion of the national capital has been on the cards, more so after adjoining cities like Noida, Ghaziabad and Faridabad were established. 135-km long Eastern Peripheral Expressway is one such project that bypasses the estimated 2 lakh vehicular traffic from the Delhi and envisages signal-free connectivity between Faridabad, Ghaziabad, Noida, and Palwal.
Eastern Peripheral Expressway is the country’s first Green Highway, with landscaping, plantation with approximately 2.5 lakh trees and completely lit by solar energy. The Expressway farmers, traders and the people of the NCR region and neighboring states of UP, Uttarakhand as a whole will greatly benefit from the expressway by providing better road connectivity in the Delhi NCR region. The region will also get a major boost to the transport infrastructure, making it more efficient, speedier and less polluting, which in turn, will give a major boost to the economy of the region as a whole.


Impact on the property market

Prominent realty developers have been using this opportunity well and launched their residential projects in joint venture with smaller builders. They have now managed to cater to the growth potential in the property markets. Kundli, Manesar, Sonipat, Palwal, Greater Noida has now grown into well-developed real estate hotspots where plenty of residential projects are attracting investors from Delhi. 

Dwarka Expressway To Boost Real Estate Market In Delhi-Gurugram

With the fast construction of Dwarka Expressway, it is one of the emerging realty hotspots in the neighborhood of NCR that has a good supply of residential properties. This 150m Expressway stretches its arms in the areas like Bijwasan, Kherki Daula, New Palam Vihar and finally, meets the NH-8. It would pass through the different sectors of Dwarka Expressway from 102 to 106, 109 to 113 and land allotted for SEZ adjacent to Sector 99 and 100 in Gurugram. well-planned urbanization, improved social infrastructure and better connectivity along Dwarka Expressway, many residential projects are on in full swing which makes the locality most preferred destination for investors as well as homebuyers.
Dwarka Expressway also known as Northern Peripheral Road is high-speed link road. The road will connect Delhi and Gurugram and therefore it will be a boon to commuters traveling from Delhi to Gurugram and Manesar offering them a congestion-free travel. It will provide faster access to the airport and the areas will also have an access to the proposed diplomatic enclave as well as the present Metro corridor. 


Impact on the property market

The spate of current infrastructure developments in the area, the premium developers of the country have started their projects or are to deliver their projects in this area. The price of properties around the area is expected to see a high rate of appreciation. Not only will the Dwarka Expressway cheer realty developers and home buyers, but the National Capital Region is also seen getting a major boost with the project.

Conclusion

While looking out for the real estate investment option, we often check for the availability of basic needs availability, but how can we forget about connectivity? These expressways put a massive impact on the property investment and its outcomes.


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