23-Jan-2025 02:22 PM
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Kolkata, Jan 23 (Reporter) India has witnessed an unprecedented expansion of its road infrastructure including expressways, a transformation that has not only improved connectivity
but also reshaped the country's real estate landscape over the last
decade, according to Colliers’ report.
This infrastructural milestone has fuelled urban development,
particularly in regions where improved connectivity has unlocked
potential for economic and real estate growth of cities. Colliers’
latest report was published on Thursday.
“Top 30 emerging cities of India identified 8 micro markets across 30
cities in India," Colliers India managing director of advisory
services Swapnil Anil said.
Commercial real estate and capital markets and Investment solutions
company (Colliers) conducted a comprehensive parameter-based analysis
matrix to evaluate the growth drivers of emerging cities. This matrix
was developed using five key parameters: physical infrastructure,
social infrastructure, demographic growth, economic development, and
real estate dynamics.
Cities with a well-established ecosystem and strong future growth
potential, driven by development initiatives from both government and
private sectors, achieved higher scores in the assessment. The
analysis highlights the next set of 30 cities with significant growth
potential beyond India's well-established cities.
Among the emerging cities assessment, Nagpur emerged as the top
performer, followed by Jaipur and Lucknow, all three of which are
anticipated to establish a strong presence in India’s real estate and
market in the coming years.
“The expansion of expressways not only improves commuting but also
promotes urban growth. It supports economic development, encourages
the creation of integrated townships and social infrastructure, and
boosts tourism. These factors collectively drive demand for real
estate in the region, making it a promising investment opportunity for
investors and homebuyers alike. This is the best time to invest in
land within the micro-markets of emerging cities along expressways,
with expected returns of up to 5.2X over the next decade," said
Swapnil Anil.
Expressways serve as major catalysts for the economic growth of
emerging cities. The development of expressways, highways, and feeder
routes under ambitious initiatives such as the Bharatmala Pariyojana
has been pivotal in this transformation. This growing network has
unlocked previously inaccessible or underdeveloped areas, creating
significant opportunities for real estate development. As a result,
land prices and demand for residential, commercial, and industrial
spaces have surged in these locations.
Expressways like the Yamuna Expressway, Mumbai-Pune Expressway, and
Dwarka Expressway exemplify how improved infrastructure can transform
surrounding areas into real estate hotspots.
This trend highlights a broader pattern across India, where the
construction of new expressways is directly linked to land price
appreciation and urbanization. Enhanced accessibility attracts
businesses and investments while increasing the appeal of residential
and commercial spaces, triggering a ripple effect of development.
Colliers has analyzed eight major expressways, including the
Nagpur-Mumbai Expressway (Samruddhi Mahamarg), Ahmedabad-Dholera
Expressway, Jaipur-Delhi Expressway, Meerut-Delhi Expressway,
Delhi-Chandigarh Expressway, Delhi-Agra (Yamuna Expressway),
Bhopal-Indore Expressway, and Lucknow-Agra Expressway (Purvanchal
Expressway), along with the cities and their impacted micro-markets.
This analysis reveals that the operationalization of the 701 km
Samruddhi Mahamarg Expressway has positioned Nagpur at the top of the
list among these 30 emerging cities for investment in India. With an
expected return of 5.2x by 2035, Nagpur has become one of the most
sought-after investment destinations...////...