Honourable Prime Minister of our country, Shri Narendra Modi today
launched a mammoth Rs. 7,500 crore project for the widening of Delhi-Meerut
Expressway and replace it with an expressway to decongest the National Capital
and nearby regions. The alignment of Delhi-Meerut Expressway will begin from
Nizamuddin Bridge from Delhi and continue on the existing NH 24 upto Dasna,
which will length to about 30.38 Kms. Between Delhi and Meerut there is only
one route at present, NH 58, on which traffic remain jammed at several places.
The project is estimated to be completed in 30 months.
The entire project is proposed under four packages
with the three packages Nizamuddin Bridge to UP Border, UP Border to Dasna and
Dasna to Hapur project cost at Rs. 2,809.60 crore. The fourth package will be a
new alignment of Delhi-Meerut Expressway from Dasna to Meerut and six laning of
connector. Bids for the Delhi-Hapur section of NH 24 project in three packages
on new hybrid annuity model have already been invited. It is proposed that new
alignment of the expressway from Dasna to Meerut and six-laning of connector is
also to be taken after the completion of 90 percent land acquisition. The 87
Kms project besides 9 Kms connector will have 6 lane expressway and 4+4 lane
highway, service roads, cycle tracks, flyovers, elevated sections, major and
minor bridges, railway overbridges, vehicular underpasses and pedestrian
underpasses. The total land required for three packages is 348.6 hectares of
which 343.36 hectare has already been acquired. The cost of the entire project
is estimated at Rs. 7,566 crore including construction of 28 Kms long 14 lane
Delhi-Dasna section of Delhi-Meerut Expressway at a cost of Rs. 2,869 crore.
The construction of 46 Kms long, 6 lane Dasna-Meerut section of Delhi-Meerut
Expressway will cost Rs. 3,575 crore. Besides 6- laning of 22 Kms long Dasna-Hapur
section of NH 24 will cost Rs. 1,122 crore.
Real Estate Sector Joyous:
Mr. Deepak Kapoor, President
CREDAI-Western U.P. & Director, Gulshan Homz
“The much awaited news for the core region of NCR
has finally arrived. This widening project will greatly help in decongesting
Delhi, provide smoother ride throughout the stretch and allow an unprecedented
realty growth of NH 24 and its adjoining regions such as Noida, Greater Noida
West and micro pockets of Ghaziabad such as Indirapuram, Siddharth Vihar, Crossings
Republik, Raj Nagar Extn. and others. There will now be a sudden rise in demand
for residential property across this stretch in the upcoming few months.”
Mr. Ashok Gupta, CMD, Ajnara India Ltd.
“Due to traffic jams and congestions, this stretch of
NH 24 had started to loose interest amongst the potential customers which had
adversely affected the property demand for the region. We all have been a
witness to the development at Delhi, Ghaziabad and Noida; but the corridor
along NH 24 was becoming a pain for the residents and commuters due to which
the market demand was taking a blow. The crucial stretch for widening has been
launched; the micro pockets along NH 24 will now observe a northward demand
movement along with rapid price appreciation. This region has seen development
at a rapid pace as several residential and commercial projects have been setup
at Indirapuram, Crossings Republik, Siddharth Vihar and parts of Noida which
have been largely occupied by people working and commuting from Delhi.”
Mr. Vikas Bhasin, MD, Saya Group
“The stretch from Nizamuddin Bridge to Dasna is the
most crucial line on NH 24 as it is the gateway for key real estate regions
such as Ghaziabad and Noida. This route was highly congested which had caused
traffic woes resulting to negative sentiments floating amongst residents and
commuters of this region. Now since this project has been launched and the
complete land parcel almost acquired, this will relax the existing residents
and commuters of the regions along with igniting the demand for residential
real estate across NH 24. Investors will now make a comeback in these regions
which will help in clearing the piled up inventory in the market.”
Mr. Kushagr Ansal, Director, Ansal
Housing
“It has always been witnessed that construction of a
roadway itself has produced great results for the realty prospect of the
regions falling across those routes. The widening of NH 24 will be no less than
creating a new roadway for the region as the existing stretch was heavily under
traffic pressure that had resulted in traffic chaos and gradually a dent on
property demand. A congestion-less NH 24 will pave way for greater demand for
residential property and result in good capital appreciation in near future as
this stretch has always been the lifeline for commuters from Delhi to Ghaziabad
and Noida.”
Mr. Rupesh Gupta, Director, JM Housing
“The most prominent sight that we will witness after
the widening of NH 24 will be the appreciating prices and steep rise in demand
along the properties located on the NH 24 belt with smooth traffic flow and no
jams. The demand in the micro regions of Ghaziabad such as Indirapuram,
Siddharth Vihar, Crossings Republik, Raj Nagar Extn., Noida Extn. and some
sectors of Noida will witness a major rise. Also, having an expressway in the
middle will help in generating a lot of revenue for the government along with
non-stop traffic flow.”
Mr. Akash Deep, Managing Partner,
HomzCart
“The widening of Nizamuddin Bridge to Dasna is of
much significance considering the fact that it is one of the busiest and
congested highway stretches of the country and the traffic load has been
increasing substantially as we see a lot of residential complexes have come up
over the years. This initiative will also help in resolving the issue related
with connectivity from NH 24 to Greater Noida West, lost property demand and
pollution. The only thing to be kept in mind will be the time period of 30
months within which this work has to be completed. Each day of delay will add
to major traffic problems on the stretch as this upgradation will itself be a
mammoth task.”
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