Infrastructure Boost: Real Estate in Outer Delhi Flourishes with New Highways

New Delhi: The opening of the Dwarka Expressway and Urban Extension Road (UER) II is set to provide a major boost to peripheral areas of Delhi as the main cities are becoming unaffordable to home buyers, according to property developers. They said areas such as Sonipat, Panipat, and Kundli stand to gain from UER, which will provide easier access to the Delhi airport.

Dwarka Expressway has not only significantly redefined connectivity between Delhi and Gurugram but has also provided a major push to real estate growth in the region, said Pradeep Aggarwal, founder and chairman, Signature Global (India). The inauguration of the Urban Extension Road (UER) II, also known as Delhi's third Ring Road, complementing the fully operational 29-km Dwarka Expressway, further elevates its strategic importance.

The new highways will reduce travel time between Delhi, IGI Airport, and Gurugram, while decongesting NH-48 and other key arterial routes. Property prices have doubled in the past five years on Dwarka Expressway due to the infrastructure boom.

UER-II is expected to bring IGI Airport within 20 minutes from the Kundli/Delhi border, which was around two hours earlier. This will also reduce distance to Central Delhi, West, and South-West Delhi areas, said Akshay Taneja, CEO, TDI Infrastructure. We typically see double-digit price gains in the first 12-24 months after such connectivity.

The infrastructure improvements are not just benefiting the real estate sector but are also expected to attract more investment and development in these areas. Local businesses and residents are optimistic about the economic growth and improved quality of life that these projects will bring. The government's focus on enhancing connectivity and reducing travel time is a significant step towards making Delhi and its surrounding areas more livable and sustainable.