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With the proposed Expressway work in progress, this is the right time to invest on the NCR realty said an expert at the www.propertykhazana.com and further the source adds that, after the commencement of the Kundli-Maneswar-Palwal Expressway, the realty prices have gradually increased.
Prior to the commencement of the road project the realty price of one acre land in Kundli was between Rs.25-40 Lakh and where as now it has perked up to Rs. 3 Crore an acre.
Similarly, in Maneswar the prices have escalated highly from Rs. 25 Lakh to about 1.40 Crore an acre. Fallowed by Kundli and Maneswar it is Palwal, which is witnessing a good realty development and as per the sources available with www.propertykhazana.com the prices have shot up from Rs. 15 Lakh to maximum of Rs. 80 Lakh an acre.
The elevated expressway is said to be the most expensive and the lengthy highway in India and covers a distance of 135 Kms approx, and in fact, this expressway will be another milestone in the NCR region.
Prior to commence, the project was announced long back and since the announcement, many realty developments are undertaken and simultaneously this has shown an impact on the realty prices.
Speaking to the www.propertykhazana.com a builder said that, the 1200 acre Township at Kundli will see still more appreciation once the expressway gets shaped and it is expected that the realty prices will see 200% rise shortly. In the meantime, the residential properties cost up to Rs. 15, 000 per Square Yard and similarly up to 7000 per Sq.Ft for Commercial properties.
Source: NIMMA BENGALURU

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