30 Second Summary
- A nation’s progress depends on several linchpin factors, including real estate sector.
- No nation can compromise on effective development of its infrastructures like roads and highways.
- Infrastructure projects, such as road and highway construction projects, play decisive role in transitioning the nation’s future progress.
- The ambitious highway project will empower realty growth of the areas located in the proximity of the busy highway.
- The highway projects also promote environmental safety of the nearby locations caused by heavy traffic congestion.
- With the development of NH-24, western Uttar Pradesh will witness impact of growth.
A nation’s progress depends on several linchpin factors. They collectively bring forth tangible growth in virtually every domain of the nation, including real estate sector. Therefore, when it comes to determining decisive and concrete progress for realty, no nation can compromise on effective development of its infrastructures like roads and highways. They are the means of necessity for streamlining connectivity. The play crucial role in pushing growth for real estate and other sectors across the nation.
India is one such country where real estate sector is broad and expansive by its nature of viability, growth and transition. Infrastructure projects, such as road and highway construction projects, play decisive role in transitioning the nation’s future progress. With real estate sector being the second largest employer in the country, India can’t afford pathetic delineation of its infrastructure systems which play a decisive part in contributing to its realty fortunes.
In fact, infrastructure growth in terms of empowering the nation’s road and highway connectivity poses as one of the intelligent and rational steps of the government towards fulfilling aspirations of people for more streamlined connectivity from one to another destination.
In this context, Prime Minister Narendra Modi’s recent visit in Noida to lay the foundation stone for Delhi-Meerut expressway is seen to be a distinctive measure of the government for empowering infrastructure. It will be a quantum leap for India’s effort for providing solid infrastructure base for the expansion and betterment of real estate sector and the people. Lying emphasize on the infrastructure growth, the Prime Minister quoted that NH-24 stretch will be highway of development. He also added that rapid expansion of infrastructure comes as prime necessity for central government to serve people’s aspirations regarding seamless and trafficless connectivity.
With the development of NH-24, western Uttar Pradesh will witness impact of growth. The infrastructure stretch will be the core competency for the development of the state by playing crucial role in downsizing pollution level and traffic gridlocks. Prime Minister Modi also said NH-24 stretch will substantially empower the realty growth of the areas located in the proximity of 100-150 km from the busy highway.
What makes highway projects beneficial for the nation?
Modern highways are actually the wellsprings (sources) for a nation’s progressive growth. They also signify nation’s continuous efforts for development. When a nation’s connectivity system is fully streamlined, much to the comfort of the citizens, this becomes the insignia of its government, that it is focused on infrastructural development for the growth of the country.
When Prime Minister Narendra Modi was laying the foundation stone for the NH-24, he clarified that Indian government is intently focused to streamline connectivity among cities. Further, the expressway construction will reduce pollution level of the nearby areas plus it will promote weekend tourism. Moreover, it will eliminate traffic gridlock between Delhi-Meerut and Hapur. The ambitious highway project will empower realty growth of the areas located in the proximity of the busy highway.
It goes without saying that good connectivity epitomizes growth prospectus in the realty sector of a country. When a new residential project is planned, consideration about improved connectivity through roads and highways is one of the most seriously prioritized things given by the builders. This is done because of the reason that, residential real estate can’t afford absence of better infrastructure facilities available in the vicinity of a new residential or commercial project. Everyone wishing to buy property in the area will most certainly consider the location’s infrastructure facilities.
Besides, the highway projects also promote environmental safety of the nearby locations caused by heavy traffic congestion. Say for example – the traffic congestion is worse for commuters heading towards Meerut from Delhi, as the route suffers intolerable gridlock during peak hours. As a result, it causes pollution level of the nearby areas to surge, as smoke emission from the vehicular gridlock renders perilous impact on nearby surroundings.
Ease of living and realty growth:
The highway projects are innovative infrastructure initiatives aiming to balance out the normal living standard of the mass, and provide them solution in terms of ease of living. For instance, NH-24 highway project connecting Delhi-Meerut will afford ease of living to the people residing on the Ghaziabad-Indirapuram stretch. This is because of the reason that the construction of the highway project will decongest NH-24. As a result, pollution level will go down and residents will avail hassle free connectivity to their destinations.
Ghaziabad being one of the most favorite investment destinations in Delhi-NCR, the infrastructure development like Metro project and Delhi-Meerut expressway would mean to be quantum drive for boosting up investment growth in the city. Meanwhile, the project will decongest national capital city and make NH-24 and nearby areas like Noida, Noida Extension, and micro pockets of Ghaziabad such as Indirapuram, Siddharth Vihar, Crossings Republik, Raj Nagar Extension the honeypot of realty growth.
In days to come, these stretches will have improved demand for residential properties along with rapid price boost of properties. The highway project will create buoyancy in realty of the nearby areas, as most residential and commercial projects are already being constructed at these areas. The highway projects, as outlined by Prime Minister Narendra Modi are actually the highway of development for nation’s cities/towns.
The infrastructure projects directly affect the residential and commercial values of nearby regions and ensure tremendous investment viability for these properties in days to come as soon as demand surges. The catch is, realty value of any location having transit facilities close by increases manifold. Thus, growth of realty as well as growth of the nation takes gigantic stride with development of infrastructure projects. Highway projects are contributory of growth for real estate and nation.
