Expressways Set to Boost Growth of 30 Indian Cities by 2035, with Nagpur Leading the Charge

New Delhi: India is witnessing an unprecedented expansion of its road infrastructure, particularly expressways, which are projected to fuel the growth of 30 cities by 2035. These cities, which are currently outside the spotlight, are expected to see land prices soar by up to 5.2 times, with Nagpur emerging as the frontrunner.

According to a report released on Thursday by Colliers India, a leading global real estate services firm, expressway development is one of the major catalysts for urban growth. The survey identifies Nagpur, Jaipur, and Lucknow as key cities where real estate markets are set to make significant advancements in the coming decade.

The operationalization of the 701-kilometer Samruddhi Mahamarg Expressway, which connects Nagpur to Mumbai, has placed the city at the top of this list. The expressway is not only improving connectivity but also transforming Nagpur into a hotspot for real estate investment.

In addition to Nagpur, other cities such as Ahmedabad (Shela), Agra (Shastripuram), Jaipur (Ajmer Road), Lucknow (Raebareli Road), Meerut (Ganga Nagar), Chandigarh (Kharar), and Bhopal (Indus Towne) are expected to see land price increases as high as 5.2 times by 2035.

Expressway construction is creating new micromarkets, making previously overlooked areas highly attractive for residential, commercial, and industrial investments. “The development of expressways is not just about better roads. It’s about creating a network that accelerates the growth of urban centers. With projected returns of up to 5.2X over the next ten years, now is the ideal time to invest in land within the micro-markets of emerging cities along expressways,” said Swapnil Anil, Managing Director of Advisory Services at Colliers India.

The report highlighted five key drivers of growth for these cities: population increase, economic development, social infrastructure improvements, physical infrastructure, and real estate dynamics. The connectivity offered by expressways is a game-changer, making these cities more accessible and, consequently, more attractive to investors and businesses alike.

The study points to successful examples such as the Yamuna, Mumbai-Pune, and Dwarka expressways, which have already converted surrounding areas into real estate hotspots. Improved infrastructure not only enhances commuting but also attracts businesses, boosts property values, and creates a domino effect of economic growth.

Infrastructure projects like the Bharatmala Pariyojana, a national program aimed at developing road networks, are accelerating the transformation of these tier-2 cities into thriving hubs of commerce and residential living. With improved road connectivity, these cities are poised to become major players in India’s urban development landscape.

As India continues to prioritize infrastructure development, experts believe that expressways will be the backbone of the nation’s growing real estate sector, offering lucrative returns for early investors and making these cities the new centers of business and living.

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