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Delhi-Dehradun Expressway Set to Drive Real Estate Growth

The newly inaugurated Delhi-Dehradun Expressway is set to transform the real estate landscape, with projections indicating a 15-25% increase in property values along its corridor. This six-lane highway, built at a cost of over Rs 12,000 crore, enhances connectivity between Delhi and Dehradun, impacting key micro-markets in the region. Experts predict significant growth in both residential and commercial sectors, with a strong demand for various property types. As the expressway becomes fully operational, it is expected to attract more investments and boost the local economy.
 

Impact of the Delhi-Dehradun Expressway on Property Market


The recently opened Delhi-Dehradun Expressway is poised to significantly enhance property demand and values along its route. Projections indicate that key micro-markets could see a price increase of approximately 15-25% within the next 18 to 24 months. This six-lane economic corridor spans 213 kilometers and was constructed at an investment exceeding Rs 12,000 crore. It aims to greatly improve regional connectivity, linking vital locations such as Baghpat, Baraut, Shamli, and Saharanpur in Uttar Pradesh to Dehradun.


According to Pyush Lohia, Managing Director of Lohia Worldspace, the expressway is anticipated to transform real estate demand not just in the Delhi NCR region but also in developing tier-2 cities like Moradabad. He noted that areas such as Sahibabad in Ghaziabad and prominent locations in East Delhi are expected to experience a 15-25% appreciation due to enhanced connectivity and infrastructure.


Vimal Nadar, National Director and Head of Research at Colliers India, mentioned that there is an expected infusion of 1-2 million square feet of Grade A supply in these micro-markets in the coming years, with annual leasing potentially reaching between 1-1.5 million square feet. The hospitality and second-home sectors in Haridwar, Rishikesh, and Dehradun are also likely to benefit from this development.


Vishal Raheja, Founder and Managing Director of InvestoXpert Advisors, pointed out a strong demand for plots priced between Rs 12,000 and Rs 20,000 per square yard. Additionally, builder floors in the price range of Rs 35-60 lakh and villas priced between Rs 80 lakh and Rs 1.5 crore are attracting inquiries.


The expressway begins near Akshardham Temple in Delhi and concludes in Dehradun, traversing several towns in Uttar Pradesh, including Baghpat, Baraut, Muzaffarnagar, Shamli, and Saharanpur. Once fully operational, toll charges will apply, with reports suggesting that car commuters may incur a fee of approximately Rs 670 to Rs 675 for a one-way journey. A round trip within 24 hours could exceed Rs 1,000.