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The Delhi government has set up Rs 150 crore for the building of two crucial corridors in the Rapid Rail Transit System (RRTS), which would significantly improve connectivity and spur economic growth.
This financing is the first installment of Rs 100 crore that will go toward the ambitious route that runs from Delhi to Shahjahanpur, Neemrana, and Behror. The remaining monies will go into the Delhi-Panipat corridor.
The real estate industry in Gurugram, which stands to gain from the RRTS corridors’ accompanying infrastructure development, is stimulated by the prompt disbursement of these funds.
Dwarka Expressway and RRTS: Gurugram’s Winning Combo for Seamless Transportation
Gurugram’s improved infrastructure, well-placed capital, and smooth connections make it a prime location for real estate investment in the years to come. The Dwarka Expressway’s incorporation enhances Gurugram’s standing as a top real estate destination.
The Dwarka Expressway and the RRTS corridors operate in concert to provide a smooth transportation system that improves the city’s accessibility to important economic centers.
Gurugram is expected to see rapid growth and prosperity, according to the fund allocation, according to Mr. Pradeep Aggarwal, Founder & Chairman of Signature Global (India) Ltd.
The RRTS line, he continued, is positioned to fulfill the transportation demands on both sides of NH 48, including the closeness to Sector 37 D, and would thus further support the real estate market in the area. The route runs from Aerocity (Delhi) through Cyber City to Rajiv Chowk, Kherki Daula, and Manesar.
Gurugram’s Real Estate Surges With RRTS Infusion: Investment Hub In The Making
The Delhi-Gurugram-SNB RRTS project, being carried out in stages by the NCRTC, would transform urban connectivity throughout the National Capital Region (NCR). With its strategic location, Gurugram is well-positioned to reap substantial socio-economics rewards and develop into a thriving commercial and residential centre.
In addition to easing commuter problems, the RRTS alignment is expected to spur Gurugram’s overall growth by opening doors for investment and drawing in buyers to micromarkets like New Gurgaon, Dwarka Expressway, and Sohna area through improved logistical connectivity throughout the Delhi NCR, according to Aggarwal.
The notable infrastructure development, according to Aman Trehan, Executive Director of Trehan Iris, has aided in the expansion of the city’s real estate sector. “Gurugram’s micromarkets are demonstrating their worth as a region that is conducive to investment and drawing in both buyers and investors.
Gurugram’s Growth Trajectory: Insights From Industry Leaders And Stakeholders
The city’s infrastructure is anticipated to be substantially improved by the projected Delhi-Gurugram-SNB RRTS corridor, which would attract additional investment and economic prospects. The ongoing development of Gurugram’s connection with neighboring cities is encouraging for the city’s real estate industry.
Every quarter, there is a growing need for Grade-A offices in Gurugram and developing corridors, and leasing activity is also picking up. It is anticipated that the new corridor would increase commuter accessibility and create new opportunities for real estate development throughout the NCR.”
Gurugram is positioned as a commercial and real estate powerhouse by virtue of its advantageous location inside the National Capital Region (NCR). Gurugram stands to gain organically from the massive rail and road infrastructure improvements that are planned between the north and south.
Gurugram’s Role In NCR’s Urban Revolution: Unveiling Opportunities Amongst Infrastructure Development
The Delhi-Mumbai Industrial Corridor, the much awaited Regional Rapid Transit System (RRTS), and the expressway are projected to bring about significant improvements that would support Gurugram’s business, industries, employment possibilities, and real estate market.
The Delhi government’s dedication to financing transit corridors, including as the Delhi-Meerut, Delhi-Panipat, and Delhi-SNB lines, is seen as essential for revolutionizing the area’s transportation environment, notwithstanding the early financial restraints.
Real estate players expect a spike in demand for residences along these routes as building moves forward, which would spur expansion and resuscitate the Gurugram real estate market.
Source-ET
