Yamuna Expressway & Delhi Meerut Super Expressway- Two Highways different growth stories
October 1, 2018
India is a developing country where every other day a new project’s construction starts and other launches. As it is still growing, it tends to improve and adopt innovative technologies and ideas with every other scheme. For instance, recently in April 2018 Delhi Meerut Super Expressway was launched, the growth corridor of the National Capital Region (NCR). It has countless first-hand features. Whereas, the Yamuna Expressway, which was launched back in 2012, has no such major infrastructure or any upcoming industrial development.
Further is the brief comparison of both the expressways and their features:
The second longest expressway of India (158 km), Yamuna Expressway was inaugurated by then Uttar Pradesh Chief Minister Akhilesh Yadav, almost two years behind its targeted date. Having said that, there were several shortcomings as well. Despite having strong growth fundamentals, huge land lots and a world-class highway, this region has not faced much success in comparison to other parts of the NCR. Mainly due to problems like litigation & land disputes, lack of corporate hubs, zero social infrastructure, and nearly non-existent price appreciation. Also, the fact that the expressway starts from Greater Noida and not Delhi, which makes it time taking too.
Delhi Meerut Super Expressway:
Delhi-Meerut Super Expressway, inaugurated by Prime Minister Narendra Modi in April 2018, is expected to cut the travel time between Delhi and Meerut to 45 minutes from two and a half hour. The very first expressway in the country that has vertical gardens, drip irrigation, and solar power system. Also, it consists of a beautiful lighting system on the major structures. Its scheduled time period for construction was 30 months, whereas, the project was completed in 17 months. Talking about the real estate, this expressway has certainly scaled up demand for projects in the entire region. Prices are expected to go up once established or branded real estate developers come up with more projects along the stretch.
It is said that highways are the lifelines to the country’s economic growth. It is through them that prosperity travels to the regions it connects. No doubt, Yamuna Expressway eased out the traffic load from NH2 and exposed markets like Noida, Greater Noida and Jevar to the world. However, it could not bring much impact on the regions adjacent to it. Whereas, Delhi Meerut Super Expressway already had some of the known markets adjacent to it like Raj Nagar Extension and Modi Nagar. These micro-markets are well-equipped and have a self-sufficient eco-system within them. The only thing that they lacked to some extent was proper connectivity to Delhi. This hurdle was ruled out when the Delhi-Meerut Super Expressway came into the picture. Clearly, from an investment point of view, Delhi-Meerut Super Expressway offers better prospects.