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Delhi-Meerut expressway to boost NCR realty market

The Dasna-Meerut six-lane connector has received a nod from the central government and the demand for housing units along the stretch is likely to increase, say realtors.

After a long wait, the Environment Ministry has given green signal to the NHAI to begin work on the Delhi-Meerut expressway. Project-related activities started in May when the Prime Minister put the foundation stone.

The total length of the entire expressway will be 105.45 km. This ambitious project was approved by the Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister. The project would cost Rs 7,566 crore.

The project has to be executed in three stages. In the first phase, construction will commence from Delhi to Dasna which is a 27 km, 14-lane stretch while the second stage will be extended from Dasna to Hapur by a further 27 km , six-lane road on NH-24. The third phase will include construction of 37 km long road which will be called as Greenfield alignment of the expressway.

Infrastructure and connectivity to improve

Once the project is completed, it will certainly prove to be a boon for thousands of daily commuters who travel from Meerut to Delhi. The expressway will also cut travel time from many other cities of Uttar Pradesh. The construction of Dasna-Meerut six-lane is aimed at de-congesting traffic in the national capital. The expressway would also ease the lives of people residing in Indirapuram – Ghaziabad stretch. The four stretch of expressway including Nizamuddin bridge to UP border, UP border to Dasna and Dasna to Hapur is supposed to served well in public transport.

The stretch along the NH-24 and Ghaziabad are well-mapped with civic infrastructure. It is expected that the extended stretch up to Meerut will have medical, education, healthcare and entertainment facilities. More infrastructural developments like the extension of Metro route will be planned.

Locations that would be benefitted

Grater Noida West, Crossings Republik, Raj Nagar Extension, Indirapuram, Vaishali, Kaushambi and Siddhartha Vihar are some of the prominent location of NCR circuit that will benefit from the development of the Delhi-Meerut expressway. Realty market experts estimate that the property market will also geta fillip.

Gaurav Gupta, general secretary, CREDAI RNE, said, “The rates of properties on this stretch at present are also affordable which are expected to go high with this project. This plan would be a big contributory of realty growth eventually fostering the development of all the regions lying on this stretch. This expressway will positively impact the values of regions lying along NH-58 & NH-24. Different regions of Ghaziabad, Indirapuram, Noida and Greater Noida (West) would benefit a lot with construction of this expressway. These regions are expected to witness a different growth story once the project culminates.

The new development plan will accelerate the property market in locality which lies in and around Indirapuram, Ghaziabad and NH-24. This was the long awaited project for investors those who were looking to invest apart from the area that is already saturated and congested in every terms. This will broaden the opportunity for developers as well as investors. Developers will find it easier to acquire land and build projects; and home buyers will have more affordable options in the periphery,” said Sunil Pandey of Real Homez.

Smooth connectivity is always a key factor for development of any place. This project would certainly boost give relief to daily commuters and will take away the loads of traffic from the existing highway. We are also expecting extension of metro route over the highway,” he said.