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Expressway to support the Real Estate growth in Delhi and Jaipur

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The future Delhi Jaipur Expressway is probably to branch out from the Delhi Gurgaon Expressway. The Highways Ministry says that there is nothing in on the stretch between the Mahipalpur and Gurgaon toll plaza from the important portion of the thruway that will begin in Delhi. It is said that the expressway project will be pushed to large residential and commercial developments along with the passage in Haryana and Rajasthan. Meanwhile, Haryana and Delhi Governments and the ministry are safe in complete agreement over the placement. The six lane express would pass close to airport and join the important locations like Manesar, Rewari and Kothputi. And Senior Ministry Official said that “construction of the elevated passage in Delhi will not be a problem because the requirement will be nominal. The state government will come back to us after finishing a ground survey.”
Haryana government has presented its three major development plans which will fall on the future stretch and there is a requirement to prepare the expressway plan in manner that the other projects should not be affected. Surjewala told that “We asked the support of the centre for the expressway which passes through Haryana so that it will push the developments in the state.” However for Delhi and Haryana there is no problem to get the lands in Rajasthan for the project. Government is giving the land as a sweetener to the private developer to make the project possible and private developer will raise the finance for this high capital intensive expressway. The present cost of the project is expected at Rs. 10,000 Crores.
It will be interesting to watch either the developer buys the land close to expressway or government will occupy the land and gives to developer for lease. And also they are looking into the option of bidding the contact roads to the expressway from real estate and commercial projects which will come along the expressway.
Source: NIMMA BENGALURU

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