Infrastructural growth in India is largely fuelling the expansion of its real estate market in the last couple of decades. With the demand for residential and commercial property in India on the rise, investors are booking new projects to capitalize on the property value appreciation. However, have you thought why the demand for property is increasing, particularly in the metro cities?
A number of new expressways in India are under construction, which promises better navigation between cities. With these thoroughfares coming up, residents can enjoy fast commutes to their places of interest. Particularly, cities like Noida, Mumbai, Gurgaon, Bangalore, and Chennai have a number of upcoming expressways. Even emerging cities like Goa, Kochi, Pune, and Ayodhya are likely to be connected through these routes, leading to rapid real estate growth in these regions.
As these highways connect cities to places of commercial interest, airports, and other prominent places, investors are looking to buy properties in those regions. In this post, we have curated the list of 10 upcoming expressways in India that has been driving property prices in major cities.
The expressways of India constitute an overall length of 5,930 km. As of July 2023, 11,127.69 km of highways is under construction. The construction of highways in India is managed by the National Highway Authority of India (NHAI). As an autonomous agency under the Indian government, it oversees the road network in the country. This includes expressways, highways, and other roads.
The development of new expressways opens up fresh real estate investment opportunities. In India, this sector is rapidly growing, and is projected to hit the $1 trillion threshold by 2030. Investors enjoy various tax benefits through real estate investments, along with a high ROI. These investments also offer a hedge against inflation and high rental returns.
Technological advancements in India, along with several initiatives by the government, have led to a rapid surge of the real estate industry. In order to curtail logistics costs, boost the economy, and enhance connectivity between different regions of the country, the government is coming up with new expressways in India. Now, the development of these thoroughfares has led to the expansion of the country’s property market. With proper roads, commercial spaces also gain better accessibility and visibility from the residential zones.
Naturally, areas where these new expressways are being developed are witnessing a property value appreciation. Naturally, the prices of both residential property and commercial property have been on the rise in these regions. For investors, new avenues have opened up in major cities and suburbs, which have been connected by these highways. For instance, the sale of property on Dwarka Expressway in Gurgaon has witnessed an impressive growth rate of 37% Y-O-Y in terms of capital appreciation.
Now, have a look at the list of major upcoming expressways in India that will enhance connectivity between cities. The development of these thoroughfares will boost infrastructure along with the growth of real estate industry in India.
The Dwarka Expressway is a 16-lane expressway that redefined urban connectivity in the Delhi-NCR region. It has also fuelled the growth of residential property and commercial real estate in the area. Spaning 27.6 Km., this vital corridor links Dwarka in Delhi to Kherki Daula Toll Plaza in Gurgaon. It has significantly decongested the Delhi-Gurgaon Expressway.
The unique structure of the Dwarka Expressway includes an 8-lane elevated highway and 8-lane service roads. This has been designed to ensure smooth traffic flow and enhance safety.
Real estate around the Dwarka Expressway is booming, with upscale residential projects, commercial hubs, and retail spaces in high demand. The expressway connects major hubs like Shiv Murti and Mahipalpur. Thus, it offers better convenience for commuters and businesses. Property prices along this corridor have surged significantly in recent years due to its location and excellent infrastructure.
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Project Details
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Specifications
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Project Cost
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Rs 7,500 Cr
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Project Lanes
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16 lanes (8 elevated + 8 service)
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Project Length
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27.6 KM
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Max Speed Limit
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60-80 km/h
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Major Junctions
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Shiv Murti, Mahipalpur, Delhi, Kherki Daula Toll Plaza
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Project Completion
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December 2023
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2. Bangalore - Chennai Expressway
The Bangalore-Chennai Expressway, or National Expressway 1, is set to revolutionize connectivity in Southern India. It spans 258 km and connects Hoskote in Bangalore to Sriperumbudur in Tamil Nadu. This 4-lane expressway is designed for high-speed travel, with a speed limit of 120 km/h. Its strategic development provides seamless connectivity between two major economic hubs, significantly reducing travel time.
This is one of the upcoming expressways in India that will be driving real estate growth. It is likely to transform the surrounding areas into major residential and commercial zones. Major junctions like Hoskote and Sriperumbudur are already attracting significant investments. Developers are launching premium projects to cater to the rising demand for property. With its modern infrastructure and unmatched convenience, the Bangalore-Chennai Expressway carries an immense growth potential for the real estate industry in South India.
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Project Details
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Specifications
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Project Cost
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Rs 17,930 Cr
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Project Lanes
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4 lanes
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Project Length
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258 KM
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Max Speed Limit
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120 km/h
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Major Junctions
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Hoskote, Bengaluru, Karnataka; Sriperumbudur, Kanchipuram, TN
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Project Completion
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Before the end of 2025
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The Yamuna Expressway, stretches 165.5 km from Pari Chowk in Greater Noida to Kuberpur in Agra. Currently, it is the 6thlongest expressway in the country. It is a this 6-lane wide highway that ensures smooth and fast commutes, and has a speed limit of 100 km/h.
The proximity of the Yamuna Express Highway to the upcoming Noida International Airport in Jewar has further enhanced its significance, attracting significant attention from real estate developers.
The area around Jewar has emerged as a real estate hotspot. Developers are coming up with both residential and commercial projects, fueling real estate investment opportunities. The airport is likely to be operational by 2024, and these properties will deliver a high ROI to investors.
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Project Details
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Specifications
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Project Cost
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Rs 12,839 Cr
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Project Lanes
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6 lane wide
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Project Length
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165.5 KM
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Max Speed Limit
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100 km/h
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Major Junctions
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Pari Chowk, Greater Noida; Kuberpur, Agra
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Project Completion
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August 2012
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Also Read | All you need to know about Yamuna Expressway
One of the new expressways in India, the Delhi-Mumbai Expressway is the longest in the country. It spans 1,350 km, connecting the DND Flyway in Delhi to JNPT in Mumbai. This is an 8-lane expressway that can be expanded to 12 lanes. With sophisticated features like electric highway stretches and crossings for wildlife, it is all set to redefine connectivity. The expressway provides several world-class amenities to commuters.
It has reduced travel time between Mumbai and Delhi from 24 hours to 12 hours by road. This expressway is likely to boost economic activity and open vast opportunities for real estate development. Places along this route are already witnessing a surge in interest, with investors buying land for residential, commercial, and industrial projects. This complete infrastructure will be fully operational by 2024.
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Project Details
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Specifications
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Project Cost
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Rs 1,00,000 Cr
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Project Lanes
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8 lane wide (expandable to 12)
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Project Length
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1,350 KM
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Max Speed Limit
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130 km/h
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Major Junctions
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DND Flyway, Delhi; JNPT, Mumbai, Maharashtra
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Project Completion
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2024
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One of the upcoming expressways in India, the Ganga Expressway is an ambitious 594 km project connecting Bijauli in Meerut to Judapur in Prayagraj. It is all set to transform the infrastructure of Uttar Pradesh. This 6-lane expressway, expandable to 8 lanes, is designed to cut travel time from 12 hours to just 6. This makes it a critical corridor for trade and travel.
The Ganga Expressway has a scheduled timeframe to be completed by December 2024. It is already fuelling real estate growth along its path. Some of the main locations like Meerut and Prayagraj are attracting developers for residential and commercial projects. Investors are positive about the value appreciation in the area that will fuel real estate growth in the coming years.
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Project Details
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Specifications
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Project Cost
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Rs 40,000 Cr
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Project Lanes
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6 lane wide (expandable to 8)
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Project Length
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594 KM
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Max Speed Limit
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100 km/h
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Major Junctions
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Bijauli, Meerut, UP; Judapur, Prayagraj, UP
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Project Completion
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December 2024
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The Bundelkhand Expressway is one of the new highways in India.It is a four-lane highway that connects Kudrail in Etawah to Gonda in Chitrakoot over a distance of 296 km. This vital roadway not only enhances connectivity within Uttar Pradesh but also links major expressways such as the Yamuna Expressway and Agra-Lucknow Expressway. This ensures a seamless navigation across the state.
This highway is already operational since July 2022. It is a lifeline for trade and transportation in the region. The Bundelkhand Expressway has the potential to be expanded to six lanes and significantly contributes to regional development. It fosters growth and reduces travel time for commuters.
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Project Details
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Specifications
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Project Cost
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Rs 14,716 Cr
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Project Lanes
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4 lane wide (expandable to 6)
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Project Length
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296 KM
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Max Speed Limit
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80 km/h
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Major Junctions
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Kudrail, Etawah, UP; Gonda, Chitrakoot, UP
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Project Completion
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July 2022
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Connecting Western and Southern India, the Surat-Chennai Expressway is one of the upcoming expressways in the country. It stretches 1,271 km, connecting Surat in Gujarat to Chennai in Tamil Nadu. As the second longest expressway after the Delhi-Mumbai Expressway, it is designed to revolutionize connectivity for trade, tourism, and commerce.
This expressway consists of four to six lanes. The highway development authorities have come up with an environment-conscious design for this project, incorporating extensive plantations of trees along its route. It is scheduled to be completed by December 2026 and is expected to generate employment opportunities and enhance logistics efficiently to boost regional economies.
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Project Details
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Specifications
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Project Cost
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Rs 45,000 Cr
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Project Lanes
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4/6 lane wide
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Project Length
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1,271 KM
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Max Speed Limit
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120 km/h
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Major Junctions
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Surat, Gujarat; Chennai, Tamil Nadu
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Project Completion
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December 2026
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The Delhi-Dehradun Expressway is a groundbreaking infrastructure project that will cut travel time between Delhi and Dehradun from 5 hours to just 2.5 hours. Spanning 210 km, this expressway significantly enhances interconnectivity with major expressways in the region. These include the Eastern Peripheral Expressway, Delhi-Meerut Expressway, and Ambala-Shamli Expressway.
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Project Details
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Specifications
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Project Cost
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Rs 13,000 Cr
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Project Lanes
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12/6 lane wide
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Project Length
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210 KM
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Max Speed Limit
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100 km/h
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Major Junctions
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Delhi; Dehradun
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Project Completion
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January 2024
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The Delhi-Amritsar-Katra Expressway is a 4-lane wide project and one of the major upcoming expressways in India. Scheduled to be completed by December 2024, it will connect the Bahadurgarh border near Delhi to Katra in Jammu and Kashmir via Haryana and Punjab. It spans 670 Km. and once operational, it will drastically reduce travel time from Delhi to Katra, cutting the current 14-hour journey to just 6 hours.
This upcoming expressway in India comes with essential amenities like trauma centers, ambulances, traffic police, and bus bays.
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Project Details
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Specifications
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Project Cost
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Rs 40,000 Cr
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Project Lanes
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4 lane wide (expandable to 8)
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Project Length
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670 KM
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Max Speed Limit
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100 km/h
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Major Junctions
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Bahadurgarh Border, near Delhi; Katra, J & K
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Project Completion
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December 2024
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10. Mumbai-Nagpur Expressway
The Mumbai-Nagpur Expressway, also known as the Samruddhi Mahamarg, is a 6-lane wide greenfield project connecting Mumbai to Nagpur. Stretching over a distance of 701 km this expressway is designed to foster national and international trade. It will significantly improve connectivity across Maharashtra once operational. The planned speed limit of the highway is 120 km/h and it comes with 8 lanes.
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Project Details
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Specifications
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Project Cost
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Rs 55,000 Cr
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Project Lanes
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6 lane wide (expandable to 8)
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Project Length
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701 KM
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Max Speed Limit
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120 km/h
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Major Junctions
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Mumbai; Nagpur
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Project Completion
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July 2024
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The upcoming expressways in India will not only boost connectivity, but also drive the prices of real estate in the country. For investors, it’s imperative to choose the location of their new projects strategically, considering the distance from these expressways.
As the country continues to witness growth in infrastructure, it’s logical to invest in places close to these development corridors. With most of these expressways likely to be operational in the coming years, the real estate industry in India will experience further growth.
