Residentail Projects in Noida Extension Will Get A Boom, NH-24 Getting 14Lane Connectivity Via Delhi-merut Expressway
Infrastructure growth is something that has given impetus to the real estate market across India. Recently, Uttar Pradesh government and Ghaziabad Development Authority (GDA) announced new development plans and proposals for infrastructure growth around National Highway-24 (NH-24), which has put the real estate industry on a fast track. NH-24 is a “land of opportunities” for developers and here we discuss the development and future of real estate on this stretch.
Be it residential or commercial, Ghaziabad is well known for its affordability. Buying a house in Gurgaon and Noida has become a distant dream for many. Ghaziabad still offers some affordable options to home buyers. Real estate is a part of development and it demands strategic infrastructure growth as a boosting factor. NH-24 is considered a “life line” of Ghaziabad and keeping it on priority along with UP Government and GDA, the central government has proposed the development of the stretch to revive the entire infrastructure around it.
After the decision of widening NH-24, the Highway ministry has now planned a 14-lane Delhi-Meerut Expressway via NH-24. According to the proposed plan, NH-24 will be 14-lanes till UP Gate at Ghaziabad, including an 8-lane Highway and a 6-lane Expressway.
Hence, in the coming days, the most congested highway of NCR will be known as a world class highway and expressway that will offer quick drive till Dasna and Meerut. Apart from this, the proposed underpasses from Ghaziabad at National Highway and a link road between Greater Noida and Ghaziabad will solve the daily traffic snarls at NH-24.
In addition to the improved connectivity, this will also significantly impact the real estate market of the area. It has given wings to realty projects at NH-24. The area, in future, is expected to become the realty hot spot for developers and investors alike. It has already grabbed the attention of realty giants and is now on the cards of various developers.
The improved connectivity has also led to a spate of launches. Many developers have launched residential projects offering group housing, multi-storey apartments, townships, residential plots and villas.
Measuring the potential of the area, even the commercial segment is evolving at a fast pace. Developers are focusing on office space, retail space, high street market, corporate suites and hotels in and around NH-24. If the government works towards developing social infrastructure, the real estate market of the area will definitely get a face lift.
As Delhi has become unaffordable for many, property seekers and investors are moving towards Ghaziabad for better deals. With infrastructure upgrades and improving transport links, the area is slated towards development. Thus, investment today is expected to fetch healthy returns in the coming years.