Ganga Expressway: The Ganga Expressway could increase property prices by 12-15% in many cities, including Meerut and Prayagraj. Improved connectivity will benefit the real estate, logistics, and industrial sectors, and also create new employment opportunities. Learn more.
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Ganga Expressway: After the opening of the Ganga Expressway, property prices in cities like Prayagraj, Meerut, Hapur, Hardoi, and Amroha are expected to increase by 12-15% over the next 12-18 months. Improved connectivity is expected to boost real estate and industrial demand along the corridor.
594-km corridor will connect 12 districts
This 594-kilometer expressway was inaugurated by Prime Minister Narendra Modi on April 29. It connects Meerut to Prayagraj and passes through 12 districts. Built at a cost of approximately ₹36,000 crore, the project is considered a major infrastructure initiative that will boost economic activity in tier-2 and tier-3 cities.
Why Property Prices Will Rise
Industry experts believe that this expressway will give a new impetus to the state’s infrastructure-based development. According to NAREDCO President Parveen Jain, it will improve connectivity between western and eastern Uttar Pradesh and boost real estate and industrial development.
He says that this expressway will boost micro-markets, logistics hubs, and commercial activities. This could boost property prices in the surrounding areas by 12-15%.
Reduce Travel Time, Increase NCR Impact
With the construction of this expressway, the travel time between Meerut and Prayagraj will be reduced to approximately 6 hours. This will spread the economic impact of the NCR to the interior of Uttar Pradesh and increase investment in new cities.
Increase in Demand in Emerging Cities
According to Vishal Raheja of InvestoXpert Advisors, the Ganga Expressway will be a major driver of real estate value growth in Uttar Pradesh. Over the next 12-18 months, prices in well-located areas, especially plots and mid-income housing, could increase by 8-12%.
Meerut could become a major housing hub due to the impact of the NCR, while demand for plots and mid-income homes would increase in cities like Hapur and Hardoi.
He also said that infrastructure development in nearby micro-markets could accelerate by 25–30% and organized real estate activity could increase by 2–3 times in the coming years.
Which sectors will benefit?
The impact of this expressway will not be limited to housing. Logistics and industrial real estate are also expected to see significant changes. According to industry reports, investment proposals worth approximately ₹47,000 crore have already been received. Additionally, more than 6,500 acres of land has been earmarked for industrial and warehousing development.
According to a Knight Frank India report, Grade-A warehousing could be developed within a 5-kilometer radius of the interchange within the next three years. This could reduce logistics costs by 15-20%, benefiting manufacturing, e-commerce, and agri-based industries.
Employment and growth will be boosted.
Cold chain infrastructure could be rapidly developed in districts like Pratapgarh, Unnao, and Hapur, strengthening the supply chain. Additionally, there are plans to connect 11 industrial corridors along this expressway.
This will boost manufacturing and agro-processing in areas like Shahjahanpur, Pratapgarh, and Hardoi. This will create new employment opportunities and increase demand for housing and commercial properties.
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for them. Moneycontrol advises users to always seek the advice of a certified expert before making any investment decisions.
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