How the Mumbai-Nagpur Samruddhi Expressway Will Transform Maharashtra’s Real Estate Markets
The completion of the Mumbai-Nagpur Samruddhi Expressway is expected to significantly boost property markets and economic growth across several cities along the route, with a particular focus on the hospitality and tourism sectors.
Real EstateMumbainagpur ExpresswayEconomic GrowthInfrastructureTourismReal Estate NewsJun 05, 2025
With the inauguration of the final stretch between Igatpuri in Nashik district to Amane in Bhiwandi taluka of Thane district, this six-lane expressway, officially called 'Hindu Hridaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg', is set to open for traffic soon, according to the Maharashtra State Road Transport Corporation (MSRDC).
Deputy Chief Ministers Eknath Shinde and Ajit Pawar, along with Maharashtra ministers Dada Bhuse, Shivendraraje Bhosale, and Narhari Zirwal, attended the inauguration ceremony at Igatpuri, about 140 km from Mumbai. Infrastructure experts believe the expressway will enhance connectivity between Mumbai, Aurangabad, and Nagpur, significantly cutting travel time and boosting the corridor's industrial, logistics, and tourism activity.
Vimal Nadar, National Director and Head of Research at Colliers India, stated, “This is expected to have a major positive economic impact on the state, driving businesses across industrial and logistics, tourism, greenfield developments (newer cities/towns), alongside urbanization and thus real estate. This will also connect with the Delhi-Mumbai Industrial Corridor (DMIC) and the Western Dedicated Freight Corridor, boosting domestic and international trade.”
Gulam Zia, senior executive director of Knight Frank India, notes that the final leg of the Mumbai-Nagpur Samruddhi Expressway is expected to improve travel between Mumbai and Nagpur and boost tourism in temple towns like Shirdi. “While this development is unlikely to significantly influence the residential real estate market, it is expected to benefit the hospitality and tourism sectors,” Zia said.
What is the Mumbai-Nagpur Samruddhi Expressway?
The 701-km Mumbai-Nagpur Samruddhi Expressway, now fully operational with the completion of the final 76-km stretch between Igatpuri and Amane, cuts travel time between Mumbai and Nagpur from 16 hours to just 8. The new segment bypasses the congested and hilly Kasara Ghat, reducing travel between Amane and Igatpuri from 90 to 40 minutes. Built at a cost of ₹1,182 crore under the Hybrid Annuity Model, the six-lane (expandable to eight) access-controlled expressway is designed for safer and faster travel.
Economic Impact
Beyond connectivity, the expressway is positioned as a catalyst for economic growth. The Maharashtra government has identified 24 development nodes for agri-processing, industrial estates, tourism, and skill hubs. Logistics and warehousing clusters are planned in key cities like Nashik, Aurangabad, and Bhiwandi to boost job creation and investment, particularly in underdeveloped districts such as Wardha, Washim, and Jalna, according to experts.
Nagpur: An Emerging Investment Hub
Nagpur, a major industrial city, is gaining attention due to its central location and connectivity via five expressways, including Samruddhi. It is home to major industrial zones like Butibori and Hingna, and the Multi-Modal International Cargo Hub and Airport at Nagpur (MIHAN SEZ) is the flagship project of Maharashtra Airport Development Company Limited (MADC), as reported by Colliers.
Impact on Land Prices
Since the expressway's opening in 2022-23, land prices near Samruddhi Circle have surged 3.7x (2015–2024), with projections of a 5.2x rise by 2035. The Colliers report noted that current land prices for plotted developments range from ₹3,000 to ₹5,000 per sq ft. The report also highlighted other upcoming developments in the area, including Metro Phase 2 (Khapri to Butibori MIDC and Lokmanya Nagar to Hingna), expected by 2026–27, and the Nagpur Airport Expansion, including a terminal for 4 million passengers by 2030–35.
The High-Potential Micro-Markets in the Area
As per the Colliers report, the high-potential micro-markets in the area include:
- Hingna: Industrial and residential growth hub
- Samruddhi Circle: Emerging luxury market with national developers
- Wardha Road/Besa: High demand due to connectivity and available land
- Shivmadka: Rising residential area with improved infrastructure
Frequently Asked Questions
What is the Mumbai-Nagpur Samruddhi Expressway?
The Mumbai-Nagpur Samruddhi Expressway is a 701-km six-lane access-controlled expressway that reduces travel time between Mumbai and Nagpur from 16 hours to 8 hours. It bypasses congested areas and is designed for safer and faster travel.
How will the expressway impact the real estate market?
The expressway is expected to drive significant growth in property markets across several cities along the route, particularly in the hospitality and tourism sectors. It is also likely to boost industrial and logistics activities, leading to increased land prices and development.
What are the key economic benefits of the expressway?
The expressway will enhance connectivity, boost industrial and logistics activities, and promote tourism. It is also expected to create job opportunities and attract investments in underdeveloped districts.
How has the expressway affected land prices?
Since the expressway's opening in 2022-23, land prices near Samruddhi Circle have surged 3.7x (2015–2024), with projections of a 5.2x rise by 2035. Current land prices for plotted developments range from ₹3,000 to ₹5,000 per sq ft.
Which areas are identified as high-potential micro-markets?
The high-potential micro-markets along the expressway include Hingna (industrial and residential growth hub), Samruddhi Circle (emerging luxury market with national developers), Wardha Road/Besa (high demand due to connectivity and available land), and Shivmadka (rising residential area with improved infrastructure).
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