Real estate in Noida and Ghaziabad is likely to be boosted as finally the Authority nods for the NH 24 widening.
The authorities have approved the plan to widen Delhi-UP link road. This will take the hectic traffic away and will boost the realty in Noida and Ghaziabad. Under the new NH 24 widening plan, the stretch from UP gate to Dasna will be widened.
The proposal to widen the NH 24 stretch came four years back. Since then it has been waiting for the approval of the authority.
The link road, besides taking away the traffic-jams, also will boost the realty in these cities. It will boost the realty market of Noida and Ghaziabad. As part of this project, the UP Gate to Akshardham stretch has already been converted to eight lines.
However, as the road gets closer to Ghaziabad, it becomes more narrowed. The narrow roads are often places of traffic-jams. The commuters find it really hard to reach Ghaziabad due to this higher traffic.
With the decision to widen the entire NH 24, it will be easier to reach Ghaziabad in near future. To maintain the flow of traffic, the Authority plans to construct a few under-passes too.
NH 24 is mainly used by the residents of Crossings Republik, Electronic City in Noida, Indirapuram, Kaushambhi, Vaishali and Vasundhara to reach Ghaziabad.
Once the proposal got the approval of the Authority, the realty players of the area have become more optimistic. They expect that the widening of the NH 24 will have a positive impact on the construction sector.
Aditya Associates’ Sanjay Saxena opined that the widening of the NH will hike the property prices in the area. He added that the effect will be visible even in localities like Crossings Republik, Indirapuram, Vaishali and Vijay Nagar.
Around 25 to 30 new projects are coming up in this stretch. These projects include township projects of Ansal API and Wave Infratech. Besides, Electronic City of Noida also falls in the same stretch.