One of the most effective projects by NHAI is the Samruddhi Mahamarg. Also known as the Mumbai Nagpur Expressway, the route is expected to be functional by December 2023.
The Maharashtra State Road Development Corporation (MSRDC) is keeping a check on the development of the Mumbai Nagpur Expressway.
Stretched across an area of 701 Km, the Samruddhi Mahamarg Route is one of the most prominent ones to look forward to. The coming of the expressway will also impact the real estate of the nearby sectors, leading to the establishment of numerous commercial and residential properties. Whether you're staying or investing, the real estate properties around the areas of Samruddhi Mahamarg would be of great help.
Top Things to Know About the Samruddhi Mahamarg
It is important to know about the Samruddhi Highway if you're planning to invest in this region. The Mumbai Nagpur Expressway will be 701 Km long and will be a six-lane expressway. The six lanes across the expressway will play an important role in easing traffic.
The Samruddhi Mahamarg will officially be known as Hindu Hrudayasamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg. Compared to other expressways, the Samruddhi Mahamarg expressway will be connecting the most number of villages. It will run past 390 villages. One of the most significant things to know about the Samruddhi Mahamarg is that it will cross 10 districts in Maharashtra.
The introduction of the Samruddhi Mahamarg will play an important role in lowering travel time between Nagpur and Mumbai. The discussion for the expressway began in 2015.
The main aim of the Mumbai Nagpur Expressway is to promote rural development. When villages will be easily connected, there will be economic development. This can eventually bring national and international investments. The expressway will be connecting two major points. Since 2018, MSRDC has been working on making the expressway successful.
Mumbai Nagpur Expressway Route
The Mumbai Nagpur Expressway route will connect a lot of major districts and villages. The route is very beautiful as there are three wildlife sanctuaries too. There are numerous underpasses and overpasses. The Mumbai Nagpur Expressway will also feature the longest tunnel. The tunnel will be at Kasara Ghat, Igatpuri. The Samruddhi Mahamarg will also have a lot of other things. These include:
- 33 bigger bridges
- 274 smaller bridges
- 6 tunnels
- 65 flyovers
The Samruddhi highway will pass through several major cities. These include
- Igatpuri (Nashik)
- Aurangabad Caves
- Malegaon Jahangir
- Sindkhed Raja
- Butibori Power Plant
- MIHAN SEZ (Nagpur)
Will Mumbai Nagpur Expressway be Beneficial?
The Mumbai Nagpur Expressway project can be very beneficial. Some of the prominent Mumbai Nagpur Expressway benefits that the project will have include the following:
Better EXIM Trade
The expressway will connect to Delhi-Mumbai Industrial Corridor. Apart from that, it will also connect to the Western Dedicated Freight Corridor. Furthermore, some districts throughout the Expressway will receive easy access to Jawaharlal Nehru Port Trust. Easy connectivity and effectiveness will bring more EXIM trade.
Improve Economic Growth
With the expressway, the economic growth of the region will also improve. The government is setting up new towns and agro-based industries. This will play an important role in increasing the agricultural income of the natives. Moreover, the industries will also bring employment opportunities.
Tourism can easily uplift the economy of any state. The introduction of the expressway can therefore help to improve tourism. The Expressway provides easy connectivity to major tourist places. Some tourist places it connects are Velur, Lonar, Ajanta and more. The ease of connection will help to boost tourism.
Lesser Travel Time
When Mumbai and Nagpur Expressway gets completed, the travel time will reduce significantly. Currently, the travel time between Nagpur and Mumbai is 16 hours. Once the expressway is ready, the travel time will reduce to 8 hours. Moreover, the roads are being constructed of international quality. Such quality will offer a safe and smooth drive.
New Towns to be Developed
The New Town Development Authority will take charge of developing new towns. The official body, Krushi Samruddhi Nagar, will be developed across the expressway. This will help to develop the towns. As a result, these new towns will improve the lifestyle of farmers. The new towns will also improve commercial and industrial production. Furthermore, it will also help in easing trade.
Green Corridor Project
Government bodies are paying special attention to environmental sustainability. The Mumbai Nagpur Expressway is a Green Corridor Project. As per the plan, 12.86 lakh trees will be planted across the expressway. These trees will be a combination of shrubs and small plants.
The key industrial markets along the expressway include agro and industrial nodes. With world-class infrastructure, there will be more business establishments. It will bring good transport and high-quality accommodation. All such facilities will improve the attention of investors.
Mumbai Nagpur Expressway Real Estate Impact
Real estate is one major industry that will be significantly impacted by the expressway construction. Whether it's residential or commercial properties, there are several properties coming.
With connectivity, infrastructure development will eventually improve. This will also help in improving the economic conditions of the state. Since the expressway will cover lesser-developed areas, the project will bring significant benefits. It will help promote the local economy. Agriculture and dairy farming across less developed areas will improve.
If you're planning for a second home investment, you should definitely consider investing in properties situated on the Mumbai Nagpur Expressway route. Maharashtra is the warehouse hub of India. With the help of the expressway, the entire process will be streamlined. This will further help in increasing the supply chain process.
Several business hubs will develop in this region. This will provide employment opportunities to the people. With employment opportunities increasing, many people will come and settle in this region. As a result, the demand for real estate sectors will increase too. This will lead to the development of residential real estate properties.
The government currently plans to bring skill-based industries into the region. To promote the local economy, they will also set up IT hubs and educational institutes. Therefore, the demand for real estate will significantly increase. The expressway will also help in boosting imports and export.
Unique Features of Mumbai Nagpur Expressway
The Mumbai Nagpur Expressway has a unique feature of no U-turns. For convenience, there will be interchanges across the gaps of 30 Km to 40 Km. The entry and exit points across these sections will be made.
Currently, the first exit of the expressway will appear in Wardha. However, the smaller gaps will allow the vehicles to be removed. These gaps will only be functional in case of emergency. The quick reaction team and highway patrols will ensure faster movement and safety.
The Samruddhi Mahamarg Expressway will play an important role in the development of the state. Many underdeveloped towns will experience economic development. Moreover, real estate development will also increase in these areas.
If you're planning to invest in real estate here, you can check with professional developers. You may keep an eye on the upcoming projects in this area. In the initial phase, the price of property across the Samruddhi Mahamarg will be lesser. Therefore, this may be the perfect time for making the investment.
So, just carefully consider everything and then make the choice accordingly. You can also consult with Adani Realty, which offers best-in-class real estate properties. You can check out the Adani Realty website for ongoing projects in Mumbai offering 2 & 3 BHK apartments in Mumbai, and much more.
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