Prosperity in any real estate market is directly proportional to its infrastructural development. Roads and highways are the most important infrastructure which lay foundation to the entire development process. The Delhi/ NCR market, post economic slowdown of year 2008, witnessed announcement of many such expressways. This case study is an effort to analyze the impact in the market with a focus on the online search trends.

1. Infrastructure
Development
and its impact on
Realty Market
Updated on: June 28, 2016
CASE STUDY SERIES

2.  Prosperity in any real estate
market is directly proportional to
its infrastructural development
 Roads and highways are the
most important infrastructure
which lay foundation to the
entire development process
 The Delhi/ NCR market, post
economic slowdown of year
2008, witnessed announcement
of many such expressways
 Through this case study, we aim
to analyse the impact in the
market with a focus on the
online search trends

3. Major Expressways
Announced in Delhi NCR
 1998:
Faridabad-Noida-Ghaziabad Corridor (FNG)
 2003:
Kundli-Manesar-Palwal Expressway (KMP)
 2003:
Yamuna Expressway
 2007:
Dwarka Expressway

4. Faridabad-Noida-
Ghaziabad Corridor (FNG)
4-lane 56 km long connecting
Faridabad and Ghaziabad via
Noida and Greater Noida
1998:
Announced
but stuck due
to political
unwillingness
2014:
Construction finally
started on 19.9 km
stretch in Noida-
Greater Noida
2015:
In July, construction
on Noida section
almost complete
2015:
In November, tender
for two bridges on
Yamuna initiated;
process is expected to
complete by mid-2016
2016:
In June, NHAI passed
proposal to convert
non-operational 43 km
stretch of FNG corridor
into NH. Work to start
by January 2017

5. Property Search Trends factoring FNG Corridor
Silence till year 2008
Surged in year 2009
Constant surges from
year 2010 onwards
Spikes on a regular
intervals indicate a
diversion of buyers
and investors
towards FNG
The trends clearly
show that any
development on
the corridor has
reflected in surge
in searches

6. Kundli – Manesar – Palwal
Expressway (KMP)
135.6 km long divided into
three sections of 45 km each
connecting Kundli and Palwal
via Manesar
2003:
1st
proposal
2009:
Layout, DPR & land acquisition
procedures completed. The
contract awarded to KMP
Expressway Ltd.
Deadline – June 2012
2012:
1st deadline
missed. New
deadline set to
May 2013
2015:
Multiple deadlines
missed. Contract
scrapped. Fresh
bids invited
2015:
January-July, the project converted
into 6-lane. Contract awarded to
Essel Infra projects for 83.32 km
between Kundli-Manesar.
Deadline-August 2018
2016:
In April, 53 km stretch
between Manesar-Palwal
opened for public

7. Property Search Trends factoring KMP
Searches in Kundli &
Manesar surged in 2010-11
Stabilised post 2012
Manesar saw surge in 2016
Searches in Palwal started
rising from year 2012 and
still showing upper trends
Impact of delayed
construction suppressed
property searches.
Whereas, opening of
Manesar – Palwal created
positive impact for Palwal
Kundali
Manesar
Palwal

8. Yamuna Expressway
India’s longest 165 km long,
6-lane controlled-access
expressway connects Greater
Noida with Agra
2003:
Yamuna
Expressway
proposed
2007:
Stuck due to
Government
change & financial
infeasibility
2007:
In December,
development
started.
Deadline - 2014
2012:
In August, project
completed ahead
of schedule.
Inaugurated by CM
Akhilesh Yadav

9. Property Search Trends factoring Yamuna Expressway
Property search surged with
spike in year 2009.
Remained constant till year
2013 with periodic surges
Searches rose again in 2013-14
It then slowed down afterwards
and remains so till date
Significant surge
immediately after
commencement of
construction and
completion thereby,
indicating direct impact

10. Dwarka Expressway (NPR)
18 km long and 150 m wide,
a high-speed link runs in a
smooth parabola from Kherki
Daula on NH8 to Dwarka
2007:
Project
Announced
2010:
Only 80% of land
acquired to
develop
2011:
In April,
development
started for 14 km
2012:
Deadline missed to
complete 14 km phase.
Litigations over land
acquisitions
2016:
Till January litigations
continued. In March,
the project got
National Highway
status, renamed NH-8A
Deadline - June, 2017

11. Property Search Trends factoring Dwarka Expressway
Demand for the property
around Dwarka
Expressway started
picking from year 2011
Continued till year 2013
Dipped in 2013 and
continues so till date
It is evident that
commencement of
construction impacted in
surge of property searches.
However, litigations killed
the momentum

12.  Though the Real estate as a sector depends upon many internal and external factors,
but infrastructure is one such which determines the future of a particular location and
the basics of any infrastructural development start with roads and connectivity. It is
thus, said that roads bring life to a location
 Unfortunately, roads and highways in our country are themselves struggling to stay
alive. As of April 2015, out of all the highway projects around 40% totalling 14,000 km
and costing around Rs 94,000 crore were delayed; 70% of these were managed by
NHAI and the total cost was close to Rs 80,500 crore
 This research report clearly indicates that property markets in and around these
highways got instant attention of investors and buyers
 However, litigation, roadblock and construction hurdles acted as speed-breakers.
Nonetheless, with NHAI's intervention in these highways, things appear to be on right
track
 As per Mr. Nitin Gadkari, Road Transport & Highway Minister, Government of India,
“Road construction in India has accelerated to an all-time high pace of 20 km per day &
should reach to 30 km per day in next 5-6 month”. It shows some acceleration in the
times to follow

13. For in-depth report,
please contact:
info@realtymyths.com