Expressways to Propel Remarkable Growth in 30 Indian Cities by 2035, Nagpur at the Forefront
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Synopsis
A report reveals that 30 Indian cities, led by Nagpur, are set to experience significant growth by 2035, driven by expanding expressways and infrastructure. Land prices could increase by up to 5.2 times, presenting lucrative investment opportunities in these emerging markets.
Key Takeaways
- 30 cities identified for growth by 2035.
- Nagpur leads the list of emerging markets.
- Land prices may rise 5.2 times in key areas.
- Enhanced expressways stimulate urban development.
- Investment opportunities in micro-markets are promising.
Mumbai, Jan 23 (NationPress) In the midst of an extraordinary expansion of road infrastructure, including expressways, India is witnessing 30 cities poised for significant growth beyond traditional hotspots, with land prices projected to rise by as much as 5.2 times by 2035, according to a report released on Thursday.
Leading this charge is Nagpur, closely followed by Jaipur and Lucknow, which are expected to carve out a substantial niche in India’s real estate landscape in the years ahead, as indicated by the report from Colliers.
The analysis highlighted that the inauguration of the 701-km Samruddhi Mahamarg Expressway has catapulted Nagpur to the top position among these 30 emerging cities for national investment.
Emerging micro-markets such as Nagpur (Samruddhi Circle), Ahmedabad (Shela), Agra (Shastripuram), Jaipur (Ajmer Road), Lucknow (Raebareli Road), Meerut (Ganga Nagar), Chandigarh (Kharar), and Bhopal (Indus Towne) are among the eight identified within these 30 tier-2 cities, all showing a potential land price increase of up to 5.2x by 2035.
“The growth of expressways not only enhances travel but also fosters urban development. This is an opportune moment to invest in land within the micro-markets of these emerging cities along expressways, with anticipated returns of up to 5.2X in the coming decade,” remarked Swapnil Anil, Managing Director, Advisory Services at Colliers India.
Colliers performed an in-depth analysis using a parameter-based matrix to assess the growth catalysts of these emerging cities, incorporating five essential factors: physical infrastructure, social infrastructure, demographic expansion, economic growth, and real estate trends.
The rise of expressways, highways, and feeder routes under transformative projects like the Bharatmala Pariyojana has been crucial to this evolution.
Key expressways such as the Yamuna Expressway, Mumbai-Pune Expressway, and Dwarka Expressway serve as prime examples of how enhanced infrastructure can turn adjacent areas into thriving real estate markets, the report stated.
Improved accessibility not only draws businesses and investments but also boosts the attractiveness of residential and commercial properties, creating a cascading effect of development,” it was added.
