More commonly known as the Delhi-Mumbai Expressway, the Western Dedicated Freight Corridor or Western DFC is a monumental infrastructural project that is set to revolutionise transportation in India. This 1,386 km-long expressway will connect the Indian national capital, Delhi, to its financial capital, Mumbai, passing through the states of Haryana, Madhya Pradesh, Rajasthan, and Gujarat. Its impact on economic growth is significant, especially in the regions where it is being built.
As the Delhi-Mumbai Expressway is being constructed, the demand for both residential as well as commercial properties is believed to increase significantly. The regions through which the expressway passes, such as Gurgaon and Sohna in Delhi-NCR, will be transformed into some of the best regions in India. The rapid economic growth that has already begun since the announcement of this project is only set to continue.
Delhi-Mumbai Expressway: Impact on Residential and Commercial Properties
The benefits of the Delhi-Mumbai Expressway go beyond improving transportation and connectivity. Along with other sectors, the trade and commerce sector of India is also expected to improve, which will have a positive impact on the overall economic growth of the country. The reduction in travel time between Delhi and Mumbai by road will make it more convenient for people.
This expressway’s impact on Mumbai and Delhi-NCR will be significant. It will enhance the connectivity between the two major cities, thereby facilitating the movement of goods and people, among other things. As a result, commercial and residential real estate properties in Mumbai are expected to experience growth in demand.
The Delhi-Mumbai Expressway will have a major macroeconomic effect on India, with real estate being one of the sectors that will benefit the most. The regions near the expressway are expected to experience a surge in demand for both residential as well as commercial properties. As economic growth continues to accelerate in these regions, they will be transformed into some of the most sought-after locations in India.
Its impact on Mumbai real estate as well as on the regions through which it passes, such as Gurgaon, Sohna, and other parts of Delhi-NCR, will be massive.
If you are looking forward to making a real estate investment in Mumbai or Delhi-NCR, Sohna, and Gurugram, then read on to learn more about the economic impact of the Delhi-Mumbai Expressway on the region.
Effects of Delhi-Mumbai Expressway on the Economic Growth of India
The construction of the Delhi-Mumbai Expressway is going to be one of the biggest boosts to the economic growth of India. Here are some insights into the important effects of the Delhi-Mumbai Expressway on the economic growth of India:
- The main benefit of the Delhi-Mumbai Expressway will be the increase in the movement of goods and services. It allows the economy of India to be more integrated and advanced.
- The period of travelling from Delhi to Mumbai via road transportation will reduce from 24 to 13 hours. This will ultimately increase trade and economic activities in both cities.
- The 2- and 3-tier cities lying in the regions of the expressway will also get benefitted from its construction. There will be a good amount of economic growth in these cities, including real estate development.
- The Delhi-Mumbai Expressway is going to give rise to the smart cities of India in the future. Cities and towns falling in the region of the Delhi-Mumbai expressway will attract various businessmen, investors, and residents as well. This will ultimately boost real estate investment in Delhi-NCR including Sohna, and Gurugram, along with real estate investment in Mumbai.
- The demand for residential as well as commercial properties will increase in Delhi and Mumbai as a result of the improvement in connectivity between these two cities. Mumbai and Delhi are two major cities in India and are prime drivers of the Indian economy. The expressway will make sure that the connectivity is improved between them, enhancing the micro and macroeconomic sectors of the country.
- The Delhi-Mumbai Expressway will boost job opportunities, which will ultimately lead to higher employment rates in India. The construction of the expressway will provide work to numerous people and will boost economic growth.
Effects of Delhi- Mumbai Expressway on the Real Estate Sector in India
The construction of the Delhi-Mumbai Expressway is believed to result in significant growth in the real estate sector. The demand for residential and commercial properties is hoped to increase considerably in the cities along the expressway route.
- Listed here are some of the positive effects of the Delhi-Mumbai Expressway on the real estate sector:
- Real estate investment in Mumbai is expected to boom due to the construction of the Delhi-Mumbai Expressway. The 2- and 3-tier cities from where the expressway is passing will experience high demand for residential properties, which will ultimately enhance the development of the Gurgaon, Delhi-NCR, and Sohna real estate sector.
- It will be easier for the residents of these regions to commute for work because of the Delhi-Mumbai Expressway. This is also one of the reasons why people will prefer moving to the cities from where the expressway is passing.
- Because of the increase in real estate investment in Delhi-NCR, Sohna, and Gurugram, the construction of hospitals, schools, utility shops, multiplex malls, etc., will also increase. The healthcare and education sectors are likely to boost because of the growth of the residential real estate sector in these cities.
- The construction of the Delhi-Mumbai Expressway is anticipated to create new opportunities for businesses. The improved connectivity between cities is hoped to have an impact on Mumbai-based entrepreneurs, who will be motivated to expand their business networks, thereby boosting the economic growth of the regions along the expressway.
- Due to better opportunities in the business sector, the demand for commercial properties in these cities will also increase. People will prefer starting their industries and factories in these cities for better opportunities. This will also provide jobs for a huge chunk of the population.
- The increased real estate investment in Delhi-NCR, Sohna, and Gurugram will increase the prices of the land as well as the rentals for the already constructed properties.
- The Delhi NCR region, Gurugram, and Sohna are already established as crucial real estate markets in India. The construction of the Delhi-Mumbai Expressway is expected to provide an extra push to the real estate development in these areas, boosting demand for both residential as well as commercial properties.
It is clear that the Delhi-Mumbai Expressway is a crucial project for the economic growth of India. Especially in Mumbai, Delhi NCR, Gurugram, and Sohna, a considerable increase in the demand for residential and commercial properties is expected. It will be an ideal decision for investors to consider investing in the real estate sector of areas along the expressway as it has a high potential for opportunities and growth.
For more detailed information about the real estate sector and the market, make sure you check out Adani Realty. It is one of the best platforms for gaining knowledge about the real estate sector of India. Adani Realty can help you select some of the ideal real estate investment options present across India
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