Upcoming Government Projects and Their Impact on NH 8 Real Estate

National Highway 8 highway connects Delhi to Mumbai along with cities like Jaipur, Gurgaon, and more. Being 1428 km long, it is enclosed by various real estate developments. It is strategically positioned and therefore NH 8 real estate proves to be a dominant spot for commercial and residential property investments. Some of the aspects like roads’ expansion, formation of flyovers and subways, and development of metro lines have strengthened the access and connectivity of this highway.

Several forthcoming government projects have boosted the infrastructural development and property demand on NH 8. For example, the six-laning of the Surat-Dahisar section on this highway is all set to enhance connectivity between two states i.e. Maharashtra and Gujarat. Besides, construction work of nine flyovers is in progress on the Jaipur-Ajmer region of the highway. Lets get familiar with how Upcoming Government Projects and Their Impact on NH 8 Real Estate

Upcoming Government Projects

Some of the upcoming government projects along NH 8 are discussed below:

i) Dwarka Expressway 

It is the countrys first elevated highway and is dedicated to offering a signal-free route between Gurgaon and Delhi. Its completion will significantly benefit the Delhi-NCR. The reason is it aims to reduce traffic congestion, mainly on the crowded NH-48 and considerably decreases travel time. Due to the enhanced connectivity, the areas along this expressway will become desirable for commercial and residential real estate. Moreover, the strategic location of this expressway near business districts (for example IGI Airport) has made it a key spot for Gurgaon Real Estate development and property investment.

ii) Delhi-Mumbai Expressway Link 

Delhi-Mumbai Expressway Link reduces the burden on NH 8. The reason is it offers an alternate track for commuter traffic between Mumbai and Delhi. Consequently, it streamlines traffic flow and travel duration on both highways.

The expressway will ensure faster and economical transportation of goods because it connects major industrial hubs and ports. As a result, it benefits the NH 8 real estate and will also simplify local and regional logistics.

iii) New Metro Extensions

The forthcoming metro track that stretches from Gurgaon Sector 56 to Panchgaon would connect Manesar to two cities i.e. Gurgaon and Delhi. With this extension, commuting will become faster and easier for residents and professionals in these regions. The enhanced metro connectivity will raise the demand for commercial and residential Gurgaon real estate properties.

iv) Smart City Developments & Industrial Hubs

The development of Smart Cities and industrial hubs will emphasize modern infrastructure, transportation, and digital connectivity. So, they will foster improved business operations and innovation along the regions on NH 8. Industrial hubs that are strategically positioned will help businesses onboard an expert workforce and also simplify their logistics chains.

One of the key parts of the NH 8 highway is Delhi-Jaipur Expressway. The properties here will be demanding since the expressway is connected to several key amenities. Moreover, due to this expressway, we witness an increasing number of housing, industrial, and commercial projects across NH 8. The enhanced accessibility in regions like Gurgaon and Neemrana has witnessed a rise in Delhi-Jaipur Expressway property demand.

Impact on NH 8 Real Estate

Lets understand some key impacts on the NH 8 real estate 

i) Rising property demand and price appreciation

The property prices are soaring on the Southern Peripheral Road that connects to NH 8. So, the residential properties here have witnessed a considerable appreciation. NH 8 offers enhanced connectivity to Dwarka and Manesar. Hence, the infrastructure projects in the surrounding regions possess significant investment potential.

ii) Several investment hotspots

Some of the key investment areas along NH-8 that are built under the DMIC are:

• Manesar-Bawal Investment Region (MBIR) (in Haryana)
• Khushkhera-Gurgaon-Neemrana Investment Region (KGNIR) (in Rajasthan)

These regions have multiple government projects. They will significantly boost the economy and infrastructure of these regions and the whole NCR as well.

In terms of real estate investment, a few other developing regions along NH 8 are Neemrana, Bhiwadi, Dharuhera, and Khushkhera.

iii) Significant commercial growth

Commercial investments are growing in the NH 8 real estate due to the development of physical and social infrastructure (like hospitals, schools, etc.). Another reason making NH 8 an investment potential is the increased working populace in the vicinity. This leads to a growing number of offices, retail outlets, and co-working spaces. The demand for commercial and retail spaces continues to increase. So, investors are expected to benefit from capital appreciation and high rental yields here.

Final Words

It is the improved connectivity, accessibility, and strategic location that have made NH 8 a key real estate corridor. The enhanced connectivity fosters industrial development and raises demand for resident and commercial spaces here. The soaring property values make NH 8 a profitable investment hub. In addition to upcoming government projects, several developers and builders are launching new projects along NH 8 to fulfill the rising property demand.