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New road linkages to boost real estate in Ghaziabad: GDA

Delhi NCR

Can signal-free high-speed transport links boost Ghaziabad’s real estate prospects? Santosh Kumar Yadav, chairman, Ghaziabad Development Authority (GDA) has a slew of transport links which he feels will boost the city’s profile and therefore its prospects. Many of these, such as NH 24, Vaishali, Crossings Republik and Indirapuram already house major real estate growth corridors.

New road linkages to boost real estate in Ghaziabad: GDA

Northern Peripheral Road (NPR)- The four-lane 20-km NPR, the construction on which may start soon after elections, is expected to ease the traffic on the three national highways that pass through the city – NH-24, NH-58, and NH-91. This will result in a free flow of traffic on the northern side of the city. The road will cater to the heavy traffic originating from Delhi and going towards Meerut, Kanpur and Lucknow. Such infrastructure development is expected to boost realty in residential pockets of the city in Vaishali, Indirapuram, Wave Hitech City and Integrated City. “With an estimated investment of Rs 700 crore, the construction on this project will start after the general elections in 2014. GDA, being the nodal agency for its development, will build it on Public-Private Partnership (PPP) mode. About 13 renowned construction companies have bid for the project so far,” informs Yadav.

Metro extension towards Ghaziabad – In Ghaziabad, the Delhi Metro line is up to Vaishali. It is the need of the hour to extend it into the other parts of Ghaziabad. For this, GDA has proposed a couple of extensions to the government. “We have planned the extension from Dilshad Garden to New Bus Stand in Ghaziabad. Once approved, this will improve the connectivity from Delhi to the main parts of Ghaziabad. The investment in this project is about Rs 1800 crore, it will be 10 km stretch and will have 10 metro stations. The talks on this are at the advanced stage. An extension to Noida sector 62 is also planned, which will further boost connectivity to Indirapuram, Vaishali and Vasundhara, which will be about 3-5 kilometres away, across the National Highway 24,” says Yadav.

Hindon Elevated Road – The GDA plans to develop the four-lane Hindon Elevated Road on a Transit-Oriented Development (TOD) basis. This road will start from NH-24 connecting NH-58 with Loni. The 18-km long road will help in smooth traffic flow from Delhi and will increase the internal connectivity between eastern areas of Ghaziabad with west. Since the stretch of the elevated road will pass through Raj Nagar Extension, it is expected to push the realty growth in the area.

Apart from this, GDA has also planned Ghaziabad-Meerut Expressway, Eastern Peripheral Expressway and multiple flyways and flyovers that will improve the connectivity of Ghaziabad to Delhi, Noida, Meerut and other adjoining cities.

 Source : Magicbricks


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