In a major development towards real estate boom, Prime Minister Narendra Modi has laid the foundation stone for the construction works of the Delhi-Meerut Expressway. The making of this 14 lane Expressway is estimated to cost about Rs 7,500 crore. It is likely to reduce the travel time between Meerut and Delhi from two and a half hours to around 40 minutes.
The time period of the construction works is estimated at 30 months. The widening will be aligned from Nizamuddin bridge and continue on the existing NH-24 up to Dasna, which will be nearly 31 kilometers. Presently, NH-58 is the only route between Delhi and Meerut and this will underline how significant is this development in terms of commutation in NCR.
The construction of the expressway is likely to create severe splurge in demand in NCR property market. By the completion of the widening works, stretches on both sides of NH-24 will become a great option for real estate investments. Even by now, many projects are being placed in this emerging location, especially in the segment Ghaziabad. When the expansion is completed newer projects will surface in this emerging location.
The widening of NH-24 was a long pending demand of the residents in this segment and they are looking forward to a lot of positives on its culmination of the project. These advantages include shrinking of fuel prices, less time for commutation and reducing the number of accidents. Once the widening works are complete, it will also enable to free the traffic movement, thereby reducing the pollution levels to notable extends.
Besides the widening of Delhi-Meerut Expressway, the extension of Metro network will also act in favor of hiking the demand of properties in Ghaziabad. The markets like Indirapuram, Noida and Noida Extension are also likely to taste the benefits of widening Delhi-Meerut Expressway.
The 74 km Delhi-Meerut Expressway besides 9 km connector will have 6 lane expressway and 4+4 lane highway, service roads, cycle tracks, flyovers, elevated sections, major and minor bridges, railway over bridges, vehicular underpasses and pedestrian underpasses.