Bengaluru, January 13, 2016: ACCORDING TO MR. MANOJ GAUR, PRESIDENT CREDAI NCR & MD, GAURSONS INDIA LTD.: “Measuring the potential of the area, huge number of group housing projects, multi storey apartments, villas, residential plots as well as commercial properties have come up on the both the sides of highway. Prime Minister Modi today laid the foundation stone for the expansion of ambitious Delhi Meerut Expressway. Fund amounting to Rs 7566 crores has been allocated for construction of 28 Km long 14 lane Delhi-Dasna stretch in addition to construction of 46 Km long 6 lane Dasna-Meerut stretch of Delhi-Meerut Expressway. 22 Km long Dasna-Hapur Section of NH-24 will also be upgraded to 6 lanes. The widening of NH-24 will significantly improve the ease of commuting for people living in Delhi, Noida Ghaziabad and other parts of NCR. Real estate market of the areas lying in and around NH-24 is expected to grow leaps and bounds with this development plan. Major pockets of NCR lying close to NH-24 are Greater Noida (West), Crossings Republik, Raj Nagar Extension, Indirapuram, Vaishali, Kaushambi, Sidharth Vihar in addition to various other parts of Western UP and Delhi. Realty sector seems to shine high once work on this project is complete and approximately 5 to 7 lakh peoples are expected to migrate to these major pockets of NCR in near future.
ACCORDING TO MR. GAURAV GUPTA, GENERAL SECRETARY, CREDAI RAJ NAGAR EXTENSION: “The widening of NH-24 will change the face of Ghaziabad in a much better way. 74 km stretch of Delhi-Dasna-Meerut section of Delhi-Meerut Expressway will be widened to 14 lanes whereas 22 Km Dasna-Hapur stretch of NH-24 will be enlarged to 6 lanes. Nh-24 has excellent connectivity to Raj Nagar Extension, Delhi as well as Noida. With Prime Minister laying the foundation stone for the development of this stretch, the real estate potential of this place will further improve. All the properties situated along the stretch of this highway will also witness a significant price appreciation once the widening work is complete. In Raj Nagar Extension itself, there are more than 35000 planned flats, out of which 15000 units are ready to move in.Possession has been offered to around 10000 units. 7000 units are already occupied with approximately 25000 people residing in RNE. With infrastructure upgrades and improving transport links, the area is moving towards development.”
ACCORDING TO MR. PRASHANT TIWARI, CHAIRMAN PRATEEK GROUP: “Widening of NH-24 will take the real estate market of NCR to new heights. The construction work which is expected to commence soon for widening of NH-24 will increase the connectivity manifolds to the nearby areas like Delhi, Noida, Greater Noida, NH-58, NH-91, State Highway 57. Expansion work of NH-24 will be a major milestone to decongest traffic problems of commuters on this route. The stretch along NH-24 has attracted lot of attention by developers as well as home buyers with National Capital and Noida office sectors lying in close vicinity. Areas of Ghaziabad like Siddhartha Vihar, Greater Noida (West), Crossings Republik will certainly become prospective destinations to invest in, which will witness good capital appreciation in coming future.”
Corporate Comm India(CCI Newswire)
