Wondering How Delhi-Mumbai Expressway will upgrade India’s Real Estate sector? Well, we’re here to answer all your questions. The Mumbai highway is currently under construction. It is going to be an 8-lane access-controlled expressway which is being developed to connect the Delhi National Capital Region with Mumbai. This greenfield project has been going on for a lot of years and it is finally going to get completed this year.
The foundation stone of this expressway was laid in March 2019 and it is going to reduce the travel time from 24 hours to 12 hours. The expressway starts in Alipur, Sohna, and Haryana and it ends at Jawaharlal Nehru Port (JNPT), Mumbai, Maharashtra. The expressway is going to come into existence with an aim to connect the western part of India with the northern part.
Apart from reducing travel time, this greenfield project is also going to reduce traffic congestion in Delhi’s Badarpur and Ashram locality, Gurugram, Ballabhgarh, and Faridabad while also offering an alternative route to the traffic from Haryana and UP to Delhi bypass.
Additionally, it is also anticipated that the Delhi to Mumbai Expressway will help increase the land and property prices in areas near the project, ensuring a boost in the Real Estate industry. So, what is the expressway all about and how will it impact the Real Estate sector? Let’s find out!
Everything About the Delhi to Mumbai Expressway
The Delhi to Mumbai Expressway is set to be completed with a total cost of Rs. 1 lakh crore. The Mumbai highway makes its way through an 80 km stretch of Haryana, a 380 km stretch of Rajasthan, a 370 km stretch of Madhya Pradesh, a 300 km stretch of Gujarat, and a 300 km stretch of Maharashtra. Currently, it takes around 24 hours to travel from Delhi to Mumbai by road. However, the Mumbai highway will reduce the time to 12 hours.
The highway will have a total of 8 lanes, 4 on each side. When combined with the Western Dedicated Freight Corridor, the Delhi to Mumbai Expressway will act as the backbone of the Economic Delhi-Mumbai Corridor.
The Multi-Purpose Development Approach of the Delhi-Mumbai Expressway
The government is relying on the Delhi to Mumbai Expressway to help achieve its goal of accessible, infrastructure-backed, and durable growth. The highway is set to build strong infrastructural ties between residential development, industrial production, agricultural development, and infrastructure.
The Mumbai highway is expected to boost investment into commercial parks, logistical parks, towns, and other nearby areas. Attention will also be given to the growth of the agricultural, local textile, chemical, and garment sectors. Substantial logistical steps will take place to ensure an increase in exports and commerce.
Apart from the Delhi-Mumbai expressway map, other infrastructural ventures of the government like the Western Dedicated Freight Corridor and the Delhi-Mumbai Industrial Corridor will also help with the development. As these projects join forces, they are expected to strengthen India’s supply chain and offer resilience to the Indian economy.
How will the Delhi-Mumbai Expressway Encourage Real Estate Development
There is no doubt in the fact that the completion of the Mumbai highway is going to lay a strong foundation for the development of commercial buildings, housing developments, warehousing, townships, etc. This in turn is going to result in considerable growth in India’s Real Estate market. A proper connection is going to be established between the primary aspects such as financial organisations, governmental institutions, and developers.
The Delhi to Mumbai Expressway is going to travel across Vadodara, Ratlam, Jaipur, and Kota, among other prominent areas. Moreover, the expressway will also be at driving distance from major Indian cities such as Indore, Ahmedabad, Bhopal, and more.
Without further ado, let’s look into the benefits offered by the Delhi to Mumbai Expressway:
Increased Revenue: There is going to be an arrangement for 75 wayside conveniences at a stretch of every 50 kilometres on the expressway. These conveniences will include various business spaces such as offices to guide traffic, inns made for explorers, and inns for drivers. The financial movement will be empowered as these offices will be built in prominent urban areas. As time goes by, the conveniences will be updated by coordination parks, retail plazas, restaurants, and more.
Reduction in Carbon Emission, Time, and Distance: To begin with, the Mumbai highway’s use is going to lead to decreasing fuel usage to around 320 million litres of fuel every year. Carbon emission is also going to drop by 857 million kilograms assuming it is 2.68 kilograms for an outflow of 1 litre of fuel. The government is also set to plant more than 1,000,000 on the Delhi to Mumbai Expressway.
The layout of the Delhi-Mumbai Expressway
Talking about the Delhi-Mumbai expressway map, the highway’s total length is 1,350 kilometres. The highway includes the Vadodara Mumbai Expressway which is currently under construction and will have a stretch of 92 km to get connected to the JNPT port. This greenfield project makes its way through numerous states such as Maharashtra, Haryana, Rajasthan, Gujarat, and Madhya and it also offers the functional NH-48 with an alternate route.
The Mumbai highway is going to start from Alipur in Sohna in Delhi NCR. The NHAI is developing a DND Flyway-Delhi Mumbai Expressway Link Road, which would act as a link between the Delhi to Mumbai Expressway and the DND Flyway. Moreover, another greenfield will be developed to link the highway to the upcoming NOIDA International Airport in Jewar UP.
Another link to the Mumbai highway is going to be from Ballabgarh, Faridabad, and Haryana. The major route of the Delhi to Mumbai Expressway is going to merge into Alipur’s Gurgaon-Sohna Highway. This is going to offer convenient connectivity with Dhaula Kuan through the Delhi-Gurgaon Expressway (NH-48) and the Sohna Elevated Road (Rajiv Chowk-Sohna corridor) of Gurgaon-Sohna Highway which is currently under construction.
Additionally, NHAI has also planned to develop an interchange which will connect the Delhi-Mumbai Expressway with the Kundli-Manesar-Palwal (KMP) Expressway at a cross-section of Palwal, Sohna, Manesar and Haryana’s Nuh districts.
Project Status
Work on the entire route of the Mumbai highway has been started by the agencies since mid-2020. Around 490 km of the stretch is still under construction and the contracts have been given for the same. Work for an additional stretch of 163 km has also begun. As for the remaining stretch of 569 km, the bidding process of the agencies has started and the detailed project report is yet to be completed for the leftover 33 km stretch.
Moreover, NHAI started DND Flyway-Delhi Mumbai Expressway Link Road’s soil testing for speeding up the work on the Mumbai highway to DND Flyway’s extension. The NHAI is also preparing a detailed project report to add an extra stretch of 91 km to connect the Delhi to Mumbai Expressway with JNPT.
Delhi-Mumbai Expressway’s Impact on Haryana’s Real Estate
The Delhi to Mumbai Expressway is being made to bring about connectivity with various underdeveloped parts of India, while also offering an alternative route to the NH48, which also connects Delhi to Mumbai. This highway is also being developed to have various Real Estate implications along the stretch.
Talking about Haryana, the Delhi to Mumbai Expressway is going to boost the development of numerous villages which are situated along the route of this greenfield project and other roads that connect with it.
This table includes the names of the villages which have a high probability of achieving transformation or getting impacted by the Mumbai highway:
| Districts | Villages | |
|---|---|---|
| Palwa | Kalwaka, Khedli Jeet, Sahrala, and Paroli | |
| Nuh | Various villages | |
| Faridabad | Mohla, Sikri, Calgaon, Jogian, Jajru, Nangla, Bhanakpur, and Harfla | |
| Gurgaon | Loh and Hajipur |
Demand Drivers of areas Around the Expressway
The settlements will definitely benefit from sector-wise vertical development and amazing connectivity by being developed in a well-planned Delhi-Mumbai Corridor.
To begin with, the government has been stressing on planting 10 lakh trees on the expressway and nearby areas, which is simply unmatched. Moreover, the development and utilisation of solar power, water harvesting, and infrastructure are also going to be given importance.
Moreover, the Indian government is also planning to develop industrial clusters alongside MSMEs along the route of the expressway. The creation of opportunities in various chemicals, plastic, leather and other parts is also going to take place alongside the development of smart villages and cities.
Acquisition of Land for the Expressway
Soon after the project’s alignment was changed, NHAI paid Rs. 70-80 lakhs per hectare in the form of land acquisition cost with an aim to acquire the land for the expressway. The land acquisition has successfully been completed in Haryana and it is under process in Maharashtra, Gujarat, Rajasthan, and Madhya Pradesh.
DME Development Ltd, which is NHAI’s fully owned special purpose vehicle or SPV is completely handling the project and is responsible for the operation, construction, and financing of the Delhi to Mumbai Expressway.
Things You Must Keep in Mind Before Investing in areas Near the Expressway
If you are someone who is planning to purchase property or land in the areas near the Delhi to Mumbai Expressway, we suggest you invest in both the entry points of the expressway in Delhi-NCR. If you wish for an early appreciation of the property’s prices, you should consider investing in or areas near Alipur, Sohna.
Moreover, you can also choose to invest in the Neharpar part of Faridabad in areas that are near the bypass. Doing so will also ensure short-term ROI. If you aim to make a long-term investment, you can invest in areas that are getting developed on the cross-section of Palwal, Sohna, Manesar, and Haryana’s Nuh districts.
NHAI is responsible for the completion of the Mumbai highway and it is looking into the legal possibility of the development of various industrial clusters and townships near the expressway.
The following are a few points you must keep in mind before you go ahead and invest huge chunks of money to buy a property near the expressway:
You should invest in a plot/house or any sort of property through a government authority directly. You can go to the official website of NHAI or state authorities to keep yourself updated regarding the launch of projects in areas around the Delhi to Mumbai Expressway.
If you are aiming for huge returns, you should not plan to make short-term investments. Invest in a property, keeping in a span of 10 years. You must also only invest if you have enough money saved up.
You must note that the price appreciation of the properties may be affected by the delayed construction of the Mumbai highway.
The planned greenfield township won’t be habitable until a few years. You should keep that in mind and plan to move in accordingly so that other people also start moving into those townships and when well-developed hospitals, good connectivity, schools, and airports become accessible.
The Bottom Line
We hope this blog has helped you gain clarity on how Delhi-Mumbai Expressway will upgrade India’s Real Estate sector? The highway is currently under construction and it is going to reduce the time of travelling from 24 to 12 hours. The expressway will highly impact Delhi and Mumbai’s Real Estate sector. The suburban areas in Mumbai will be impacted the most.
There has already been an increase in demand for properties placed in areas near the corridor as buyers always look to invest where an infrastructure boom is expected. Are you planning to invest in a property in areas near the Delhi to Mumbai Expressway? You’re in the right place. Head to our website and get in touch with us to help you find the best properties with great deals. Give us a call right away!
