Delhi-Mumbai Expressway: Impact on the real estate investment in Mumbai & Delhi NCR

The Delhi-Mumbai Expressway route, also known as the Western Dedicated Freight Corridor or Western DFC, is not just a landmark infrastructural project. It is going to be a game-changer for India's transportation and economic landscape. This Mumbai-Delhi expressway connects the political capital to the financial capital, passing through the states of Haryana, Madhya Pradesh, Rajasthan, and Gujarat. It spans an impressive 1,386 kilometres. Its impact on economic growth is going to be far-reaching, especially in the Delhi – Mumbai expressway major cities it traverses.

For investors seeking sound returns, the Delhi-Mumbai Expressway is an excellent investment. The increased real estate investment along the Delhi to Mumbai expressway isn't just a short-term gain; it's a strategic move.

A concrete step towards economic transformation

As the expressway takes shape, there will be a demand for both residential and commercial properties along its route. According to the Transport Ministry, the expressway will have 94 wayside amenities. These will include resorts, restaurants, food courts, dormitories, fuel stations, facilities for truckers, and logistics parks, among other things. Therefore, this signifies a boost in business and the movement of commercial and passenger vehicles.

Delhi-Mumbai Expressway: A catalyst for real estate demand

Beyond its primary role of enhancing transportation and connectivity, the Delhi-Mumbai Expressway will revitalise India's real estate sector, contributing positively to the country's overall economic growth. The Delhi-Mumbai Expressway is a crucial project that will increase demand for real estate in Mumbai, Delhi NCR, Gurugram, and Sohna. Not only for commercial, the demand for residential is expected to rise too.

Mumbai and Delhi-NCR real estate: The geography

The Delhi-Mumbai Expressway has a total length of 1,350 km. This route incorporates the ongoing Vadodara Mumbai Expressway, seamlessly integrating it into the broader Delhi-Mumbai Expressway initiative. An additional stretch of 92 km would link the expressway to the Jawaharlal Nehru Port Trust (JNPT) port.

This greenfield project spans multiple states, traversing Haryana, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra. In addition to serving as an alternate route to the already operational NH-48, the expressway will transform cross-state travel and commerce.

In the Delhi-NCR region, the proposed commencement point for the Delhi-Mumbai Expressway is Alipur in Sohna, located in South Gurgaon, Haryana. The National Highways Authority of India (NHAI) is concurrently developing the DND Flyway-Delhi Mumbai Expressway Link Road, an innovative greenfield link between the DND Flyway and the Delhi-Mumbai Expressway in Sohna.

Additionally, a second greenfield link will directly connect a branch of the expressway to the upcoming NOIDA International Airport in Jewar (YEIDA City) of Gautam Buddha Nagar, Uttar Pradesh. This secondary link will start from Ballabgarh in Faridabad, Haryana.

The primary stretch of the expressway, converging into the Gurgaon-Sohna Highway at Alipur, ensures seamless connectivity with Dhaula Kuan in Delhi through the Delhi-Gurgaon Expressway (NH-48). The integration with the under-construction Sohna Elevated Road (Rajiv Chowk-Sohna corridor) further solidifies the network's accessibility.

NHAI's strategic development plan encompasses an interchange aimed at connecting the Western Peripheral Expressway (Kundli-Manesar-Palwal or KMP Expressway) with the Delhi-Mumbai Expressway. This crucial juncture is strategically positioned at the cross-section of the Sohna, Palwal, Manesar, and Nuh districts in Haryana, enhancing the overall efficiency of the expressway network.

The DND Flyway-Delhi Mumbai Expressway Link Road will pass through the Sohna, Nuh, and Faridabad districts in Haryana. Additionally, a small stretch will be along the Yamuna River in Delhi. This 59-kilometer link road will further streamline connectivity and contribute to the overall success of the Delhi-Mumbai Expressway project.

Impact on real estate In Delhi and Mumbai

The Delhi-Mumbai Expressway will significantly impact Mumbai and Delhi-NCR by enhancing connectivity between these major cities. It, in turn, is expected to fuel the demand for both commercial and residential real estate in Delhi and Mumbai.

The economic effect of the expressway

Whenever there is better connectivity, the local economy receives a boost. According to an official press release, the Mumbai-Delhi expressway will also serve 93 PM Gati Shakti economic nodes, 13 ports, 8 major airports, and 8 multi-modal logistics parks (MMLPs), along with new upcoming greenfield airports such as Jewar Airport, Navi Mumbai Airport, and JNPT port.

Here are the potential effects of the Delhi-Mumbai expressway on the economy:

Increased trade and movement of goods and services: The expressway will boost trade, allowing for a more seamless movement of goods and services, thus advancing both the local and larger economy.

Reduction in travel time: The substantial decrease in travel time from 24 to 13 hours between Delhi and Mumbai is going to increase travel by road, not only for goods but also for travellers. It will give an impetus to retail businesses. Whether traditional retail or the Gig economy, education, or the health sector, the impact is far-reaching.

The ripple effect of growth in 2- and 3-tier cities

Economic growth: Cities along the expressway are poised to experience robust economic growth. The Delhi-Mumbai expressway update states the development of smart cities, which will attract businesses, investors, and residents and thereby boost real estate investments.

Job opportunities: The construction of the expressway will generate job opportunities, contributing to higher employment rates in India. As a result, there will be more demand for residential and commercial properties will soar along the expressway route.

Real estate boom

The Delhi-Mumbai Expressway project in Haryana will boost numerous villages along its greenfield route and connecting link roads. The districts in Haryana that are likely to see the positive effects are Gurgaon, Palwal, Nuh et al. The Delhi-Mumbai expressway will connect six states, namely Delhi, Haryana, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, and major cities like Kota, Indore, Jaipur, Bhopal, Vadodara, and Surat.

Investing in Mumbai and Delhi will become even more lucrative. The 2- and 3-tier cities along its path will also experience high demand for residential properties and a surge in prices. One can purchase property near or in Alipur on the Sohna-Gurgaon Corridor. Choosing a location close to the entry points of the expressway in Delhi-NCR can be strategically advantageous. Investors can target the Neharpar region of Faridabad, especially in localities near the expressway bypass.

For those with a long-term investment perspective, consider investing in properties or land at the intersection of the Sohna, Palwal, Manesar, and Nuh districts in Haryana, near the ongoing expressway construction. Cities like Gurgaon, Indore, Kota, Jaipur, Bhopal, Vadodara, Surat, and Mumbai are poised for substantial growth in residential and commercial real estate.

Impact on Mumbai & connected city real estate

Mumbai, India's financial capital, is already experiencing a surge in real estate demand. The improved connectivity with Delhi will attract more businesses and individuals looking for better opportunities in the said regions. Therefore, the real estate hub will see more demand for commercial, residential, and rental properties. As a result, the prices of land and rental properties will increase.

The final word

The Delhi-Mumbai Expressway is not just a road; it's a pathway to economic prosperity and real estate growth. For investors eyeing opportunities in Mumbai, Delhi-NCR, and Gurugram, this expressway is a golden ticket. The potential for development and opportunities in these regions is unprecedented.