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New Expressway: The journey of people of Delhi, Noida-Greater Noida and Faridabad is going to become even easier now. Another new expressway is going to be added to the better means of easy travel from one city to another. This is going to provide great convenience to the people who travel daily from Delhi to Noida-Greater Noida and Faridabad. The special thing is that the travel time between these four cities will be reduced from 2 hours to 15 minutes.
Let us tell you that the people of Delhi-NCR will soon get an alternative to Delhi Airport from the Jewar Airport being built in Noida. In such a situation, the government is building many new expressways and highways to connect these cities. The name of Faridabad Jewar Expressway is also included in this list. Through this expressway, the distance from Ballabhgarh to Jewar Airport can be covered in just 15 minutes. At present, it takes about 2 hours to cover this distance.
The cost of the project is Rs 2,414 crore
The new expressway will be 6 lanes and will reduce the distance from 90 km to just 31 km. Development work has started and according to the National Highways Authority, this project worth Rs 2,414.67 crore is expected to be completed by June 2025. Work on this expressway started in June 2023. The proposed 31.425 km long expressway of the project will start from the link road junction on the Delhi-Mumbai Expressway near Sector 65 in Faridabad. It will directly connect Jewar Airport. During this, about 22 km of line will be in Haryana, while the remaining 9 km will be in Uttar Pradesh. It will start from Dayanatpur (near Jewar) and connect villages like Bahpur, Kalan and Mohana in Haryana via Vallabhnagar, Karauli Bangar, Farida Bangar, Amarpur and Jhuppa in Uttar Pradesh.
As per reports, it will also connect Delhi-Mumbai Highway, Yamuna Expressway, Kundli Ghaziabad Palwal (Eastern Peripheral Expressway) and Kundli, Manesar, Palwal (Western Peripheral Expressway).
Real estate prices may increase by up to 40%
Commercial and industrial development is also expected to accelerate once the project is completed, as the route will connect both Faridabad and Gurugram directly to the Jewar airport. The Faridabad-Jewar Expressway is very important because after its construction, according to an estimate, real estate prices in the villages and other areas passing through it may increase by up to 40 percent.
What do experts say
In this regard, Manoj Gaur, President of CREDAI NCR and CMD of Gaur Group, says that the new expressway will further improve connectivity between Noida International Airport and Delhi. There was a demand for a new expressway on this route for a long time. Many big residential projects are also being constructed here. In such a situation, the new expressway is going to open new doors of possibilities for builders, buyers and investors. At the same time, Pawan Sharma, MD of Trisol Red, says that with the construction of this new expressway and its direct connection to Noida International Airport as well as Mumbai-Vadodara Expressway, there will be a huge jump in the demand for property here.
Uddhav Poddar, Managing Director of Bhumika Group, says that after the construction of this expressway, the area will develop in a planned manner. In future, this area is likely to develop as an excellent property hub. Not only this, the construction of the expressway will also reduce the traffic load on the Noida Greater Noida Expressway. Mohit Goyal, Managing Director of Omex, says that along with better connectivity, new projects are also likely to start here in the future. As the movement of people increases, business and market will also grow at the same pace. This will be a positive thing for real estate.