Expressway: India’s road infrastructure is expanding rapidly, and the rise of expressways is playing a crucial role in shaping the future of real estate across the country. A new report reveals that 30 emerging cities in India are set to see a significant increase in land prices, with some locations growing up to 5.2 times by 2035. This growth is being driven by the development of expressways and improved connectivity, especially in smaller cities and micro-markets.
Top Cities for Growth - Nagpur Leads the Pack
According to the report by Colliers, Nagpur has emerged as the top city for investment, thanks to the operationalisation of the 701-km Samruddhi Mahamarg Expressway. This expressway has not only improved connectivity but also positioned Nagpur at the forefront of India’s real estate market. Other cities like Jaipur, Lucknow, and Ahmedabad also show high growth potential due to their strategic location along expressways.
Key Emerging Micro-Markets for Investment
The report highlights several micro-markets in 30 tier-2 cities, which are poised to experience substantial growth in land prices by 2035. Cities like Ahmedabad (Shela), Agra (Shastripuram), Jaipur (Ajmer Road), and Lucknow (Raebareli Road) are among those expected to see land price hikes of up to 5.2 times. These areas offer lucrative investment opportunities due to their improving infrastructure and accessibility.
Impact of Expressways on Urban Growth
The expansion of expressways is not just about reducing travel time but also about boosting urban development. With the implementation of projects like the Bharatmala Pariyojana, areas along these expressways are becoming key real estate hotspots. Improved connectivity attracts businesses, investments, and residential developments, creating a ripple effect that drives the growth of surrounding areas.
As expressways continue to reshape Indian cities, the future looks promising for investors seeking to capitalise on the rapid urbanisation and economic development taking place in emerging markets. The time to invest is now, with returns expected to rise significantly by 2035.