Major Infra Projects which transformed Indian cities

Bangalore: In India, many cities have witnessed the benefits of infra projects such as metro railways, elevated highway, Mumbai Eastern freeway, mega power projects and peripheral ring roads. Mainly transport oriented infra projects has serious impacts on property values. The commercial and residential properties sited close to that infra projects have a tendency to summon high property value appreciation compared to properties lying far from the projects. This happens because the infra projects become a part of Unique selling Proposition for builders.

Due to the approval of government Infra projects, the cities witness a sudden launch of real estate projects, development of new IT hubs, rise of property values and capital value appreciation. These massive infra projects will also lead to a huge demand for warehouse space. Here are the few major infra projects in India, which are influencing the real estate values.

Delhi Metro:

To meet the demand of traffic congestion in Delhi, Delhi Metro Rail Corporation was started its operation in the year 2002. From the commencement of this infra project, the land prices surrounding the metro have escalated as the developers are investing in a large pace in surrounding areas where as the buyers deliberated to capitalize the maximum returns owing to development and accessibility of the Delhi region.

Inter connectivity to various localities by means of public transport has influenced the land prices and real estate in this region. Due to this infra project development related to transportation in Delhi has become second most populous city in the world. Recently, Delhi metro of four phases filed in the list of the world’s most innovative and impactful infra projects. As per the recent report, the real estate and residential property values have reached new heights by an average rate of 22-25 percent.

Yamuna Expressway:

165km long Yamuna expressway connecting Noida with Agra is India’s longest expressway. This infra project is being developed as an ideal zone for economic, industrial and real estate growth. As the expressway is set up to make over into enormous urban sporting world-class infrastructures, many renowned developers have chosen this economic hotspot for real estate development.

Well connectivity, improving infrastructure and proximity to Greater Noida, Noida and Southeast Delhi are the major factors for exponential growth of real estate around Expressway. This is anticipated to be as a hub of real estate activity in the future. In addition, several township projects and power plant have approved along this expressway infra project. Realty prices have augmented more than 50 percent from past few years.

Mumbai eastern freeway

With the implementation of sound infra project Mumbai eastern freeway of 16.8 km long, South Mumbai and Eastern Suburbs are witnessing a large pace of real estate development. By feeling this infra project - Eastern freeway as a marketing tool, many renowned developers are coming up with their project. Over the past 2-3 years, the localities close to the Mumbai eastern freeway like Chembur, Kanjurmarg, Powai, Kurla and Ghatkopar are witnessing a property price rise of 30-35 percent.

Eastern freeway comprising of three segments reduces the travel time between Eastern suburbs and South Mumbai. This ranked as an Outstanding Infra Project of India.