Big boost for real estate in Gurgaon as Kundli-Manesar-Palwal Expressway opens up

The KMP Expressway will give a fillip to the surface infrastructure landscape in NCR

GURGAON: The opening of Palwal-Manesar stretch of Kundli-Manesar-Palwal Expressway has come as a shot in the arm of developers in the area who are expecting unprecedented gains due to increased connectivity. The 53-km stretch of KMP Expressway was inaugurated on Tuesday by Union transport minister Nitin Gadkari and chief minister Manohar Lal Khattar.

“The much awaited inauguration of KMP Expressway will give a fillip to the surface infrastructure landscape in NCR, and in particular benefit the residential real estate micro markets in closer proximity,” said Navin M Raheja, CMD, Raheja Developers Limited.

He added that the logistics/warehousing industry and corresponding real estate developments are expected to benefit hugely in the immediate future. “It will ease the traffic in Delhi considerably, provide good connectivity to Gurgaon from other cities of the NCR and above all, the prospects of real estate projects will brighten due to improved accessibility”, said R K Arora, chairman, Supertech Limited.

According to a senior HSIIDC official, the major advantage of the stretch will be the reduction in traffic entering Delhi and Gurgaon which will bring down road congestion as well as pollution levels. “It will bring substantial reduction in pollution levels in the entire NCR. This is one of the major infrastructure projects planned to ease traffic congestion,” said Arora.

Earlier, minister Nitin Gadkari also said that pollution levels in Delhi would come down by 50% due to the eastern and western peripheral expressways. Meanwhile, chief minister Manohar Lal Khattar announced that the pending 83-km Kundli -Palwal stretch will be completed within a year.

TOI had reported that the Palwal- Manesar stretch of the KMP Expressway was set to be launched in April.

source :-

http://realty.economictimes.indiatimes.com/