The much-awaited first patch of the Delhi-Mumbai Expressway (NH-248A), (Delhi-Dausa-Lalsot), will be inaugurated by Prime Minister Narendra Modi on February 12. Once operational the project marks the beginning of a new chapter of economic growth in the region, real estate experts have said. This project has the potential to revitalise south Gurugram and the surrounding areas by driving economic activity and providing numerous benefits for all.
Real estate players are optimistic about the impact of this new development, with many expressing their excitement.
"The commencement of the eight-lane Delhi-Mumbai Expressway augurs more growth and prosperity for South Gurugram. As the biggest project of the National Highway Authority of India (NHAI), this modern state-of-art expressway will not only provide direct connectivity between Delhi and Mumbai but also further ease the traffic congestion flowing across the Millennium City and soon cut the travel time between Mumbai-Delhi from 24 hours to 12 hours. The project will gain new logistical connectivity to the entire Delhi NCR region," Pradeep Aggarwal, Founder & Chairman, of Signature Global (India), Ltd. said. According to real estate experts, the launch of the Delhi-Mumbai Expressway will have a cascading effect on property prices in South Gurugram.
Consequently, the demand in both residential and commercial segments is expected to increase significantly in these regions.
They anticipate that social infrastructure developments around the expressway will have a multiplicative effect in bolstering the Indian economic growth story.
"The inauguration of the Sohna-Dausa stretch of the NH-248A is a momentous occasion, heralding a new era of Infrastructure transformation and economic growth in NCR.
Sohna is an entry point of the Mumbai-Delhi expressway, which will provide the much-needed fillip in its emergence not just as a pivot town for all economic activities but also as a prominent real estate destination.