Delhi-Mumbai corridor opening array of opportunities for Gurgaon real estate

The government’s ambitious project to connect Delhi with Mumbai through a signal-free 1200-km long expressway is on the fast track which is expected to cut the travel time by at least 8 hours because currently, driving from Mumbai to Delhi or vice-a-versa takes approximately 20-24 hours travelling through 1400-km long NH48.

However, as per estimates, the new expressway which is 1200-km long will cut travel time to just 12 hours, saving 8-10 hours in travel time. As per a report, not just travel time, the project itself is running in a fast lane and is expected to be completed in 2022, which was earlier announced and scheduled to be completed by 2024. This high-speed corridor will be the longest axis control expressway and will help agricultural and industrial growth of the cities like – Haryana, Rajasthan, Gujarat and Maharashtra.

The expressway route will start from Sohna and Delhi-Noida direct flyway as it has two starting points making Sohna as a hotspot of realty where people can buy their dream homes in budget. This is going be an advantage as development in Sohna is taking place at a very fast pace, thus making Signature Global Park 2 &3, Signature Global Park 4 & 5, in sector 36, Sohna, South of Gurugram an ideal residential hub.  

Mr. Pradeep Aggarwal, Founder & Chairman – Signature Global Group & Chairman – ASSOCHAM National Council on Real Estate, Housing and Urban Development says, “The signs of the potential of the location may be gauged from the fact that it is covered by the Delhi – Mumbai Freight Corridor, which would ensure that secondary and tertiary industries are established (or already existent). The area’s popularity is also growing as it becomes one of the NCR’s economically responsive real estate destinations as the property prices are as low as half of the Gurugram nucleus’ prevailing prices. Sohna’s real estate market is led by affordable and mid-segment housing. With massive demand from end-users in the low and mid-income groups and increasing emphasis on affordable housing is also providing further development of this region where more than 40 per cent is under Rs 50 lakh.

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