Development of infrastructural corridors is the plan to decongest NCR regions
September 27, 2018
The Modi Government looks to be on its toes and banking heavily on the roads and highways. The government is making big investments in infrastructural projects. In the month of January 2018, Union minister Nitin Gadkari said that the major projects with a colossal investment of Rs 31,930 crore are in the pipeline to decongest the national capital, including the development of the Dwarka Expressway at a cost of Rs 6,000 crore.
Working in sync with Government’s objective to decongest NCR regions, the 82-KM Delhi- Meerut Expressway will also provide faster and safer connectivity between Delhi and Meerut and beyond this, with Uttar Pradesh and Uttarakhand. On May 27, 2018, Narendra Modi inaugurated the 1st phase i.e. 8.3-km stretch of the 82-km highway. This connects Delhi from Nizamuddin Bridge to the Delhi-Uttar Pradesh border. The other three phases connecting UP Border to Dasna, Dasna to Hapur and Hapur to Meerut are yet to be completed.
The expressway will not only reduce the Delhi-Meerut travel time from a two-and-half-hour to 45 minutes but will also remove the 31 traffic signals which are presently on the Delhi-Meerut road, making the entire journey more tiring for the commuters.
The region is witnessing an immense growth as the government is working to link Delhi- Meerut with a high-speed Regional Rapid Transit System (RRTS) corridor. The high-speed system that will connect the two cities will be aerodynamic and boast of state-of-the-art trains.
These developments are boosting the NCR real estate market, particularly regions which shall get the direct benefits of these corridors, like Raj Nagar Extension, Modi Nagar, and Meerut. The realty market in these areas have grown with leaps and bounds and developers are providing residential as well as commercial properties to the people which are aptly suited to the first-time homebuyers who are looking for all the basic amenities under the affordable housing segment.