The announcement by the Finance Minister, Nirmala Sitharaman in this year’s budget about completing the key Delhi-Mumbai Expressway by 2023, is set to provide a big connectivity boost to real estate along the expressway including Gurugram realty.
The expressway is a major step to boost mobility as it will help cut the travel time between Delhi and Mumbai by almost half. Currently, it takes nearly 20 hours to reach Mumbai from Delhi.The 1250 km long highway will start from Sohna, cutting the travel distance between Delhi and Mumbai by 280 km , passing through five states of Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra. With land acquisition process for the eway already completed and more than half of the contracts for the project awarded, the construction work will gain momentum.
Says Pradeep Aggarwal, Chairman, Assocham National Council on Real Estate, Housing and Urban Development and Founder & Chairman, Signature Global, ” Delhi- Mumbai Expressway holds great importance for the growth of real estate in high potential corridors of Sohna in South of Gurugram and Southern Peripheral Road. It will help attract good investment in the area”.