Projects on Expressway, Best to make an Investment
With the living space becoming scare in the metro cities, several housing projects are coming up along expressways. Construction of residential units along the southern peripheral roads, the Noida-Greater Noida Expressway, the Faridabad-Noida-Ghaziabad Road and the most preferred location DWARKA Expressway is in full swing. Residential projects along expressways are always very attractive to developers due to the linkage, connectivity and infrastructure benefits they provide over the main city area. Their impact on real estate prices, too, is immense. Projects located along or close to a highway usually see a run-up in prices in the range of 10-15%. Typically the value of a residential project along a highway pays off within 7-10 years. Any investment made in real estate along expressways means mid- to long-term play for both end-users as well as builders, For prices to appreciate tangible progress should be visible on the stretch. Real estate experts point out that property price