India’s expanding road infrastructure, particularly expressways, is set to drive significant growth in 30 emerging cities, with land prices projected to increase up to 5.2 times by 2035, according to a report by Colliers. 

Nagpur, bolstered by the 701-km Samruddhi Mahamarg Expressway, leads the list of high-potential cities, followed by Jaipur and Lucknow. These three cities are poised to become key players in India’s real estate market over the coming decade. 

The report highlights eight emerging micro-markets with promising growth prospects: Nagpur (Samruddhi Circle), Ahmedabad (Shela), Agra (Shastripuram), Jaipur (Ajmer Road), Lucknow (Raebareli Road), Meerut (Ganga Nagar), Chandigarh (Kharar), and Bhopal (Indus Towne). 

The study employed a matrix evaluating five parameters: physical infrastructure, social infrastructure, demographic growth, economic development, and real estate dynamics. Major initiatives like the Bharatmala Pariyojana have been instrumental in transforming cities through expressway and highway development. 

Examples such as the Yamuna Expressway, Mumbai-Pune Expressway, and Dwarka Expressway demonstrate how enhanced infrastructure can turn surrounding areas into real estate hotspots, further underscoring the transformative potential of these projects. 

(ET)