Delhi-Mumbai Expressway Will Be A Game-changer For Realty Market In Sohna, Gurugram

0

The Sohna-Dausa stretch of the Delhi-Mumbai expressway will be inaugurated on 12 February.

Road Transport Minister Nitin Gadkari has said the travel time between Delhi and Mumbai will reduce to barely 12 hours after the entire expressway is completed.

The Sohna-Dausa stretch inauguration marks the beginning of a new chapter of economic growth in the region.

This project has the potential to revitalise Gurugram and the surrounding areas by driving economic activity and providing numerous benefits for all.

Real estate experts are optimistic about the impact of this new development, with many expressing their excitement.

Here’s what the industry stalwarts have to say about the inauguration of the Sohna-Dausa stretch.

Amarjit Bakshi, Chairman and Managing Director, Central Park:

“The inauguration of the Sohna-Dausa stretch of the Delhi-Mumbai Expressway is a momentous occasion, heralding a new era of infrastructure transformation and economic growth in NCR.

“It is a significant development with the power to transform Sohna and its neighbouring economic hubs by stimulating business and commercial activities and bringing about promising benefits for all.

“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.

“The government’s other game-changing infrastructure developments in the region like the Gurgaon-Sohna Expressway, KMP Expressway, freight corridor, Orbital Rail Corridor, connectivity to the proposed Jewar International Airport, and easy access to the operational IGI airport, etc, will be Sohna’s moment of glory.”

Pradeep Aggarwal, Founder and Chairman, Signature Global (India):

“The commencement of the eight-lane Delhi-Mumbai Expressway augurs more growth and prosperity for Sohna and New Gurugram. As the biggest projects of 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.

“This project will provide a world of opportunities for the millions of people of Gurgaon and Sohna, who will gain new logistical connectivity to the entire Delhi-NCR region.

“The launch of the Delhi-Mumbai Expressway will have a cascading effect on the property prices in Sohna and New Gurugram. Consequently, the demand in both residential and commercial segments is expected to increase significantly in these regions.”

Santosh Agarwal, Chief Financial Officer and Executive Director, Alpha Corp:

“The Delhi-Mumbai Expressway is expected to boost the real estate sector in Gurugram. The new expressway will provide faster connectivity between Delhi (from Gurugram Expressway and Sohna on Dausa end), Jaipur, and Mumbai, reducing travel time and making Gurugram a more attractive location for businesses and residential development.

“The improved infrastructure and increased demand for residential properties are likely to attract investors looking for profitable investment opportunities. Additionally, the development of new infrastructure in the region is likely to increase property prices and drive demand for real estate.”

Vinay Wadhwa, General Manager — Sales, Vatika Limited:

“The opening of the Delhi-Mumbai Industrial Corridor (DMIC) in Dausa, Rajasthan, is expected to boost the region’s real estate market.

“The DMIC is a large infrastructure project that aims to develop industrial zones along the Delhi-Mumbai rail line. The project is expected to generate new job opportunities and stimulate economic growth, resulting in increased demand for housing and commercial space.

“The region’s infrastructure and transportation facilities are also likely to make it more appealing to investors and developers, boosting the real estate sector even more.”

Vineet Taing, Chief Executive Officer, Vatika Business Centre:

“The Delhi-Mumbai Expressway is a major project that has been taken up by the Government of India in order to improve the infrastructure and overall development of the country.”

More Details

The total travel time from Dhaula Kuan to Jaipur via the Gurgaon expressway, Delhi-Mumbai expressway, and Agra-Jaipur national highway will be around four hours.

Commuters will get the maximum benefit of the expressway by the end of 2024 when two more links — a 60-km road from Delhi-Noida Direct (DND) flyway to Sohna and direct-access-controlled connectivity to Jaipur from the Delhi-Mumbai expressway — will be completed.

By March, construction on the expressway will be completed up to Sawai Madhopur, serving as an exit to Ranthambore and Tonk.

Road Transport Minister Nitin Gadkari has said the travel time between Delhi and Mumbai will reduce to barely 12 hours after the entire expressway is completed.

The project will have several firsts, including wayside amenities for commuters, food courts, play areas for children, first-aid centres, mini-trauma care facilities, and helipads for quick evacuation in case of emergencies.