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The Gurugram-Pataudi-Rewari National Highway is expected to spur real estate growth since it would likely attract new investors and purchasers to certain locations, such Manesar, for both residential and commercial buildings.
The expansion of the real estate industry has always been fueled by highways and expressways. We’ve seen how the areas in and around Delhi have changed due to the ease of connection.
There has been talk of NH 24, the Dwarka Expressway, etc. over the years. Both the general public and real estate developers have responded positively to the prospects. The 46-kilometer Gurugram-Pataudi-Rewari Highway in Haryana is the newest addition to the real estate market.
The Highway Connects Hero Honda Chowk In Gurgaon To Rewari Via Pataudi
This highway, which runs from Hero Honda Chowk in Gurgaon to Rewari via Pataudi, has the ability to completely change the way people get from major hub to major hub, completely changing the local environment and opening up a ton of possibilities for real estate expansion.
It is a logical continuation of the development emanating from Gurugram, which is growing in all directions to meet the rising demand for residential and commercial real estate developments.
Although there has always been activity and interest in the districts along this route, the new roadway will provide the towns before Rewari, which was separated from Gurugram in 1989 a much-needed boost. Rewari and Gurugram have always been connected. Actually, Rewari provides a sizable portion of the labor in Manesar and Gurugram.
Gurugram Pataudi Rewari Highway Will Reduce Travel Time
Manesar’s real estate market would be the first to feel the direct effects of the impending Gurugram-Pataudi-Rewari Highway, since it is conveniently located just 40 km away from Rewari.
This planned roadway will provide the Manesar story which began with IT Manesar and the real estate boom in Gurugram another opportunity to shine. Travel time between these important locations would be significantly reduced by seamlessly connecting Pataudi, Rewari, and Gurugram.
Greater accessibility results from improved connectivity, which increases the appeal of these areas for industrial, commercial, and residential development. Bhiwadi is another industrial location that stands to gain from the increasing activity.
Gurugram-Pataudi-Rewari Highway Will Boost Industrial Real Estate
The corridor provides a perfect environment for the development of warehouses and industries. It is anticipated that the demand for industrial real estate, such as manufacturing plants, logistics hubs, and warehouse spaces, would increase due to its close proximity to economic centers.
It is impossible to overestimate the impact of increased connectivity on the real estate industry. The demand for houses in the surrounding areas is anticipated to increase as accessibility improves.
Demand for real estate developments along the highway corridor is anticipated to soar as professionals working in Gurugram and other surrounding areas find it more easy to commute.
Gurugram-Pataudi-Rewari Highway Will Lift Residential And Commercial Market
Additionally, the accessibility of these areas will attract business initiatives and encourage the construction of office buildings, retail centers, and other commercial buildings. “I think a route to prosperity is the completion of the Gurugram-Pataudi-Rewari highway.”
In addition to enabling faster connectivity, this ingenious piece of infrastructure will spur economic expansion, especially in the real estate market surrounding IT Manesar.
According to Varun Bussi, Head of Sales and Marketing at Worldwide Realty, “We anticipate a surge in demand for residential and commercial properties in the vicinity with enhanced accessibility, driving investment in the region.”
Gurugram-Pataudi-Rewari Highway Will Change The Real Estate Market
The Gurugram-Pataudi-Rewari Highway is being built, but it’s also about the infrastructural advancements that it inspires. Ancillary infrastructure projects, such flyovers, underpasses, and service roads, are being built alongside the highway to improve accessibility and the area’s allure for real estate investment.
Property values in the Gurugram-Pataudi-Rewari Highway corridor are expected to rise as a result of higher demand and better infrastructure; the speed of this growth is to be seen, but appreciation and profitable returns are a given.
Improvements in road infrastructure also drive up demand for premium offers. With GPR, we will see a discernible need for these kinds of residences, including the more recent real estate developments in Gurugram, such Sector 37C, according to Emperium Private Limited Founding Director Ravi Saund.
Source-FE
