Delhi-Mumbai Expressway is a 1386 Km long expressway that will connect Delhi to Mumbai via routes from Delhi, Haryana, Madhya Pradesh, Rajasthan, Gujarat, and then Maharashtra, converging to Jawaharlal Nehru Port (JNPT), Mumbai, Maharashtra. The entire corridor along this highway will open to new investment and opportunities for economic and industrial growth. As of now, travelling from Delhi to Mumbai takes around 24 hours by road, and on completion, this expressway will reduce this travelling time to half, i.e.’ 12 hours only.
Since the announcement and foundation in March 2019, there has been a significant rise in real estate prospects in the nearby areas. Expecting this to finish this year’s end, one can expect a tremendous change in the scenario for the real estate industry with multiple residential and commercial prospects.
This enhanced connectivity from Delhi to Mumbai is seen as a major economic boost for the region. With new industrial clusters, logistics improvements, housing developments, commercial hubs, Special Economic zones, warehouses, and future townships, this expressway will bring growth and prosperity to the nation as a whole.
Let us study the impact of this Delhi-Mumbai Expressway on economic growth, investment prospects, and infrastructure development for the country.
Table of Contents:
- Impact of Economic Growth in India: Delhi-Mumbai Expressway
- Impact on Real Estate Investment in Delhi-NCR and Mumbai
- Impact of Infrastructure Development: Delhi-Mumbai Expressway
- Long-term Impact on Real Estate: Delhi-Mumbai Expressway
- Conclusion
- FAQs
Impact of Economic Growth in India: Delhi-Mumbai Expressway
Although the main advantages include improved connectivity and transportation between Delhi-NCR and Mumbai, all aspects of business infrastructure, industrial, residential, and commercial growth have been gathering pace. Once running, the Delhi-Mumbai expressway can be a major boost for the economic growth in the surrounding areas.
Boost Economies:
This Delhi-Mumbai Expressway will give rise to newer opportunities and scope for industries such as the agricultural sector, garment, chemical, and textile to boost economic growth in India. Moreover, this will substantially improve the logistics movement from South to North and South to North. This will drive the local industries with logistics improvement and gain national recognition.
Increase in property demand:
Investors’ attraction will lead to industry growth and, subsequently, to real estate market growth. Many projects from top builders are gathering pace already, with rising interest in residential and commercial properties. Housing developments, commercial spaces, shopping malls, towns, warehouses, etc, will come across the corridor.
Similarly, property prices and rent yields will soar multi-fold after the completion of this Delhi-Mumbai expressway. So, as an investor, you must plan ahead and book your space early.
Also Read: Types of Real Estate Investments
Impact on Real Estate Investment in Delhi-NCR and Mumbai
The government has also become quite active in the real estate market, with regulating authorities. For now, investors must follow the government authorities when buying properties.
- Delhi-NCR Real Estate Market: This expressway will benefit the whole belt across Delhi-NCR, including Gurugram, Faridabad, Noida, etc. Nearby real estate projects have already started showing interest in the areas.
- Mumbai Real Estate Market: Key areas that will benefit from this expressway will be suburban Mumbai, and nearby areas with Thane, Navi Mumbai, Palghar, etc, will be the future metro town.
Also Read: What is IFMS in Real Estate?
Impact of Infrastructure Development: Delhi-Mumbai Expressway
Improved Connectivity
One of the prime benefits of building this expressway is to reduce the traveling time from Mumbai to Delhi by half, from currently 24 hours to 12 hours, respectively. This connectivity will lead to smoother & increased movement of logistics, goods, and services across. Adding more economic value and enhanced integrity from North to South will increase investment opportunities.
There has been a plan to build part of the expressway as an e-highway for the future with four(4) lanes out of the total Eight(8) lanes. This can further significantly reduce diesel usage for large vehicles such as buses and trucks.
Growth of Satellite Towns
Especially, 2nd and 3rd tier cities lying across the expressway will reap the benefits. Newer cities and towns will attract more investment and real estate opportunities. Delhi NCR areas (Gurgaon, Sohna, Noida, Faridabad) and Mumbai areas (Thane, Navi Mumbai, Palghar) are expected to boom in the near future.
The Government is planning for newer industrial clusters to combine with MSMEs to enhance the local business produce to reach the corners of the country. This connectivity will lead to newer economic opportunities and attract global investment.
Based on statistical changes, this Delhi-Mumbai expressway will lower fuel usage by around 320 million liters every year and decrease carbon emissions by 857 million Kilograms each year.
Also Read: How to Invest in Real Estate in India without Buying Property?
Long-term Impact on Real Estate: Delhi-Mumbai Expressway
Sustainable Development:
With the real estate market continuously rising for the last three decades, this Delhi-Mumbai Expressway will add more sustainable development for the next generation. Modern Eco-friendly ways are more suitable for connecting with nature. The younger generation is more aware and conscious of our planet Earth.
Newer concepts for green building practices and smart cities have been adopted across multiple projects with huge responses from people.
The Government is also planning to plant 20 lakh trees along the highway from Delhi to Mumbai, with rainwater harvesting at every 500 meters, solar panels at various points, and drip irrigation for trees along the highway.
Wildlife corridors have been planned for the movement of animals across the expressway, crossing sanctuaries, national parks, and tiger reserves. Noise barriers and walls have been built at strategic points to protect the environment.
Changing Investor Preferences:
The real estate market trend has shifted more towards integrated townships and mixed-use developments. Gated communities packed with residential blocks and commercial buildings, such as gyms, sports areas, spas, swimming pools, etc., have become part of the trending real estate projects.
With the economic boost in the last two decades, we are seeing a transformational change from investors toward luxury and premium properties. Modern amenities, well-built infrastructure, and complimentary services like gyms, clubs, sports, etc, will be critical factors in attracting more investors to real estate projects.
Modern real estate projects are being planned with hospitals, schools, shopping malls, and universities for sophisticated towns for future generations. You can connect with our real estate professionals to learn more about real estate projects in top cities across India.
Also Read: Top Cities for NRI Real Estate Investment in India
Conclusion
This Delhi-Mumbai Expressway is expected to be a game-changer in the Indian economy in the next decade. It connects two of the major cities of India, Delhi – the Capital of India, and Mumbai – the Financial Capital of India. Passing from North to South, this expressway will cover multiple states, and popular towns, and will bring more economic opportunities across the expressway.
Delhi-Mumbai Expressway real estate investment shows huge prospects across the corridor from North to South. Multiple cities have already started planning for residential and commercial areas.
Omaxe is one of the Top real estate developers in India, with multiple residential and commercial properties across the country. If you are planning to invest in these real estate prospects, connect with our professionals to build for the future. Call us now to be ready for your next generation!
FAQs
1. How much is the length of this Delhi-Mumbai expressway?
Ans- 1386KM
2. What is the status of the Delhi-Mumbai Expressway?
Ans- This expressway is built with multiple parts and sections from states. A lot of highways are up and running. It is expected to start in the year ending 2024 or the beginning of 2025.
3. How long will it take to reach Mumbai to Delhi using the Delhi-Mumbai Expressway?
Ans- Once this expressway is completed, you can expect to reach Delhi to Mumbai or Mumbai to Delhi within 12 hours.
4. What is the entire cost for this Delhi-Mumbai Expressway?
Ans- The total cost for this project with land acquisition is around 1,00,000 Crore.
