New Delhi: India’s rapidly developing road infrastructure, particularly the expansion of expressways, is set to drive significant real estate growth in 30 emerging cities. According to a report by Colliers, land prices in these cities could see an increase of up to 5.2 times by 2035.
Nagpur, Jaipur and Lucknow are leading the charge among these cities, which are expected to become key players in the country’s real estate sector. The completion of the 701-km Samruddhi Mahamarg Expressway has notably boosted Nagpur’s appeal as a prime investment destination.
Tier-2 cities shine
Other important micro-markets identified for future growth include Shela in Ahmedabad, Shastripuram in Agra, Ajmer Road in Jaipur, Raebareli Road in Lucknow, Ganga Nagar in Meerut, Kharar in Chandigarh and Indus Towne in Bhopal. These areas, located in tier-2 cities, are expected to witness a significant rise in land prices over the next decade.
“The expansion of expressways has not only improved urban connectivity but also stimulated economic growth. Investing in land along these major expressways now could result in returns of up to 5.2 times by 2035,” said Swapnil Anil, Managing Director of Advisory Services at Colliers India.
Infrastructure drives growth
The report shows five key growth factors: physical and social infrastructure, demographic trends, economic development and real estate activity. Infrastructure initiatives like Bharatmala Pariyojana have been crucial in driving this transformation.
Successful examples such as the Yamuna Expressway, Mumbai-Pune Expressway, and Dwarka Expressway illustrate how improved infrastructure fosters thriving real estate zones by enhancing accessibility, attracting investment and fuelling residential and commercial development. It will lead to broader regional growth.
