Delhi-Meerut Expressway to Boost Real Estate Market of NCR

As a part of the second phase of Delhi-Meerut Expressway is set to open in the month of March or May, it is likely to boost the real estate market of NCR.

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Delhi-Meerut Expressway
Delhi-Meerut Expressway

Delhi being the national capital is one of the most crowded cities in the country and why not, after all, it is a melting pot for people from almost all the 29 states of India. The epitome of misery can be seen from the fact that Delhi is wasting approximately 40,000 litres of fuel per day owing to traffic jams. On the other side, Delhi and Meerut are two places of National Capital Region (NCR) that witness a huge footfall every day, which ultimately results in traffic jams.

About Delhi-Meerut Expressway

To rescue commuters from this daily suffering, the central government had come up with a 96 km dedicated Delhi-Meerut Expressway. The construction cost of this expressway is estimated to be around ₹7,566 Crore. Delhi-Meerut Expressway commences from Nizamuddin Bridge in Delhi and will be constructed in three different stages which are Nizamuddin Bridge to UP Border, UP Border to Dasna and Dasna to Hapur. The Ministry of Environment gave its clearance for the construction of a six-lane connector between Dasna and Meerut in 2016.

However, the construction work of Delhi-Meerut Expressway had to begin in 2000 but it remains on papers only. It was at the end of the year 2015 that Prime Minister Narendra Modi laid down the foundation stone of Delhi-Meerut Expressway. After this, the National Highways Authority of India (NHAI) expedites the construction work of Delhi-Meerut Expressway. The first phase of the expressway from Nizamuddin to UP Gate (8.8 km) got open for public in 2018 when PM Modi inaugurated it on 27th May.

If all goes well, an 8-km long stretch up to Vijaynagar, which is a part of the second phase from UP Gate to Dasna is expected to be open in March or April 2019.

Once the entire construction work of Delhi-Meerut Expressway gets completed, it will take away the traffic agony of commuters to a great extent. It will not just ease vehicular movement but will also bring down the travelling time to different parts of Uttar Pradesh. After using Delhi-Meerut Expressway, one can easily reach Meerut in less than an hour time duration. 

How Delhi-Meerut Expressway Will Boost Real Estate?

Connectivity is one of those features that hugely defines the success or failure of a project. Though there are numerous projects in the periphery of Delhi but all of them were struggling to get homebuyers even when they were affordable. All thanks to lack of proper connectivity.

So, with the construction of Delhi-Meerut Expressway, even if the projects far from Delhi, they can be reachable in less than an hour duration. Also, it will help the builders in getting the enumeration of the property that they deserve.

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