Delhi-Meerut Expressway to pump up prices in NCR property market

The 14 lane Delhi-Meerut Expressway is going to fillip the real estate activity in the National Capital Region, spurting demand and supply of housing in the region.

Representational pic

Zee Media Bureau

New Delhi: The Delhi-Meerut Expressway is going to further increase the real estate activity in the National Capital Region, spurting demand and supply of housing in the region.

Prime Minister Narendra Modi laid the foundation stone of the Delhi-Meerut Expressway on Thursday that includes construction of 28 km long 14-lane Delhi-Dasna section.

According to a report in The Economic Times, CREDAI President Getamber Anand said that the highway once completed will have a very positive impact on the NCRreal estate market, particularly Ghaziabad, Indirapuram, Noida and Noida Extension,"

The construction of this expressway would boost both supply and demand of housing in these areas, added Anand.

The construction of 46 km long, 6 lane Dasna-Meerut section of Delhi-Meerut Expressway will cost Rs 3,575 crore. Besides, 6-laning of 22 km long Dasna-Hapur section of NH 24 will cost Rs 1,122 crore.