The Gurugram-Pataudi-Rewari Highway: A Catalyst for Real Estate Growth in Haryana
Highways and expressways have long been the backbone of real estate development, serving as vital arteries that connect urban centers and facilitate economic growth. In the National Capital Region (NCR), we have witnessed how improved connectivity has transformed areas around Delhi, with notable examples like NH 24 and the Dwarka Expressway. The latest addition to this transformative infrastructure is the 46-km-long Gurugram-Pataudi-Rewari Highway in Haryana, which promises to reshape the real estate landscape of the region.
A New Era of Connectivity
The Gurugram-Pataudi-Rewari Highway connects Hero Honda Chowk in Gurgaon with Rewari via Pataudi. This strategic link is set to revolutionize connectivity between major hubs, unlocking vast potential for real estate growth. As Gurugram continues to expand in all directions to accommodate the increasing demand for residential and commercial projects, this highway serves as a natural extension of that development.
Historically, the regions connected by this highway have seen interest from real estate developers and investors. However, the upcoming highway is expected to provide the much-needed boost to areas leading up to Rewari, which was carved out of Gurugram in 1989. The connection between Rewari and Gurugram has remained strong, with many workers commuting from Rewari to jobs in Gurugram and Manesar. The new highway will significantly enhance this connectivity, making it easier for professionals to travel between these key locations.
Impact on Manesar and Surrounding Areas
The immediate impact of the Gurugram-Pataudi-Rewari Highway will be felt in Manesar, located just around 40 km from Rewari. The area, which has already experienced a real estate boom due to its proximity to IT hubs, is poised for another surge in development. By drastically reducing travel time between Gurugram, Pataudi, and Rewari, the highway will enhance accessibility, making these locations more attractive for residential, commercial, and industrial development.
The story of Manesar began with the establishment of IT Manesar, which catalyzed a real estate boom in Gurugram. The new highway will provide a significant boost to this narrative, facilitating smoother travel and encouraging further investment in the region.
Bhiwadi: An Emerging Industrial Hub
Another area that stands to benefit from the Gurugram-Pataudi-Rewari Highway is Bhiwadi, an emerging industrial hub. The corridor offers an ideal setting for industrial and warehousing developments, with its proximity to economic centers expected to drive demand for industrial real estate. This includes manufacturing facilities, logistics centers, and warehousing spaces, all of which are crucial for supporting the region’s economic growth.
The Ripple Effect on Real Estate Demand
The ripple effect of improved connectivity on the real estate sector cannot be overstated. As accessibility improves, the demand for properties in surrounding areas is expected to soar. Real estate projects along the highway corridor are likely to witness a surge in demand as commuting becomes more convenient for professionals working in Gurugram and other nearby cities. Furthermore, the ease of transportation will make these locations appealing for commercial ventures, leading to the development of shopping complexes, office spaces, and other commercial establishments.
Expert Insights on Future Growth
Industry experts are optimistic about the transformative impact of the Gurugram-Pataudi-Rewari Highway. Varun Bussi, Head of Sales and Marketing at Worldwide Realty, stated, “I believe the completion of the Gurugram-Pataudi-Rewari highway is a pathway to prosperity. This infrastructure marvel will not only facilitate smoother connectivity but also serve as a catalyst for economic growth, particularly in the real estate sector around IT Manesar. With enhanced accessibility, we anticipate a surge in demand for residential and commercial properties in the vicinity, thus driving investment opportunities and fostering development in the region.”
Infrastructure Developments: A Comprehensive Approach
The construction of the Gurugram-Pataudi-Rewari Highway is not just about the road itself; it also encompasses ancillary infrastructure developments such as flyovers, underpasses, and service roads. These projects will further enhance accessibility and improve the overall appeal of the region for real estate investment. As demand increases and infrastructure improves, property prices along the highway corridor are likely to rise, offering lucrative returns for investors.
Ravi Saund, Founding Director of Emperium Private Limited, emphasized the importance of this infrastructure, stating, “With increased demand and improved infrastructure, property prices along the Gurugram-Pataudi-Rewari Highway corridor are likely to move up. Additionally, improvement in road infrastructure increases the demand for luxury offerings, and with GPR, we will witness a noticeable requirement for such properties, including Gurugram’s newer real estate destinations such as Sector 37C.”
Conclusion: A Bright Future Ahead
As the Gurugram-Pataudi-Rewari Highway nears completion, all eyes are on its transformative impact on the real estate landscape. This infrastructure project is set to usher in a new era of growth and prosperity for the region, enhancing connectivity and driving demand for residential and commercial properties. With the potential for increased investment and development, the future looks bright for the areas surrounding this vital highway. The Gurugram-Pataudi-Rewari Highway is not just a road; it is a pathway to a thriving economic landscape in Haryana.