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News18
37 minutes ago
- News18
UER-II Inauguration: Developers See Big Boost For Dwarka Expressway, NCR Realty
Developers believe UER-2 will be a gamechanger for Delhi-NCR's real estate sector as enhanced connectivity is expected to spur demand for both residential and commercial projects. Prime Minister Narendra Modi will on Sunday inaugurate the 76-km Urban Extension Road-2 (UER-2) and the 29-km Delhi stretch of the Dwarka Expressway, in what is being billed as a major infrastructure boost for the National Capital Region (NCR). Built at a cost of about Rs 8,000 crore, the four-to-six-lane UER-2 connects Alipur to Mahipalpur via Mundka, Bakkarwala, Najafgarh, and Dwarka. The new corridor is expected to significantly cut travel time between Indira Gandhi International Airport and several NCR cities. देशभर में हम कनेक्टिविटी के विस्तार के साथ आवागमन की सुविधाएं बढ़ाने में निरंतर जुटे हुए हैं। इसी दिशा में कल दोपहर करीब 12:30 बजे दो प्रमुख राष्ट्रीय राजमार्ग परियोजनाओं के उद्घाटन का सौभाग्य मिलेगा। इससे दिल्ली-एनसीआर का ट्रैफिक और सुगम होगा। — Narendra Modi (@narendramodi) August 16, 2025 With seamless links to the Delhi-Chandigarh, Delhi-Rohtak, and Delhi-Mumbai expressways, UER-2 is likely to ease congestion, reduce fuel costs, and enhance connectivity to Sonipat, Panipat, Karnal, Ambala, Rohtak, Jind, and Bahadurgarh. Boost for Real Estate Developers believe UER-2 will be a gamechanger for Delhi-NCR's real estate sector, as enhanced connectivity is expected to spur demand for both residential and commercial projects across multiple corridors. Dwarka and Najafgarh are emerging as attractive residential destinations, offering families value housing with better access to Gurugram's business hubs. Commercial real estate is also set to benefit. UER-2's links to major highways are expected to drive demand for warehouses, logistics hubs, and retail spaces in Bahadurgarh and Rohtak, where land rates could rise 20-30% over the next 18 months. Gurugram and Greater Noida may see growing interest in luxury housing and office complexes as reduced travel times attract corporate tenants and high-net-worth buyers. Historical trends along the Yamuna Expressway show similar infrastructure projects boosting plot values by up to 50%. Developers Welcome the Move Navdeep Sardana, founder of Whiteland Corporation, said, 'We welcome the inauguration of UER-II and the Dwarka Expressway by PM Modi, a landmark moment in Delhi-NCR's growth journey. UER-II will seamlessly connect key destinations such as Sonipat and Panipat while easing travel across the region, setting the stage for stronger economic lifelines and future-ready development." Robin Mangla, president of M3M India, called the project a breakthrough in regional mobility. 'The inauguration of the UER-II corridor is a watershed in regional mobility — cutting travel time from Gurugram and Delhi to Sonipat, Panipat and beyond, while enabling seamless access from the Delhi border to IGI Airport. By bypassing traditional chokepoints, this connectivity will redefine how people and businesses engage with emerging locations," he said. Abhay Kumar Mishra, president & CEO of Jindal Realty, said Sonipat is poised for a real estate boom post-UER-2. 'Enhanced connectivity will slash commute times from Sonipat to IGI Airport by over half and link seamlessly to Dwarka Expressway. Property prices here remain 30-50% lower than Gurugram or Noida, yet Kundli land values have surged 190% since 2020, while Sector 35 saw 252% appreciation in three years. Developments like Maruti Suzuki's Kharkhoda plant will further spur demand for affordable housing and logistics hubs," he said. Gaurav K Singh, founder of Womeki Group, said, 'The launch of the Dwarka Expressway and UER-2 is set to transform NCR real estate. Enhanced connectivity across Delhi, Gurugram, and Dwarka will make the entire corridor far more attractive for both homebuyers and investors. Strong infrastructure drives convenience, security, and long-term value growth." Harinder Dhillon, national sales head at BPTP, said, 'The inauguration of UER-2 by PM Modi marks a transformative moment for Delhi-NCR's real estate landscape. This enhanced connectivity will ripple across the region, linking key highways such as Delhi-Chandigarh and Delhi-Jaipur. The anticipated surge in property values presents a significant opportunity for buyers." Improved airport connectivity, reduced congestion, and stronger investment appetite are expected to drive both property demand and values across the region. tags : real estate view comments Location : New Delhi, India, India First Published: August 17, 2025, 10:11 IST News business » real-estate UER-II Inauguration: Developers See Big Boost For Dwarka Expressway, NCR Realty Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


Time of India
43 minutes ago
- Time of India
Rahul Gandhi should thank Nitish Kumar for "smoother" Bihar roads for making "big yatra" possible: Minister Ashok Choudhary on "Voter Adhikar Yatra"
Bihar Minister Ashok Choudhary on Sunday took a swipe at Congress ' " Voter Adhikar Yatra ", saying Lok Sabha Leader of Opposition Rahul Gandhi should thank Chief Minister Nitish Kumar for the 'smoother' roads in the state, which have made the "big yatra" possible. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency "Rahul Gandhi should thank Nitish Kumar, for the roads that used to be in such bad shape are now so smooth that Rahul Gandhi is even able to take out a Yatra... He should be grateful that such a big Yatra will be possible due to Nitish Kumar's roads," Choudhary said. Congress's 'Voter Adhikar Yatra', launched against the Election Commission's Special Intensive Revision (SIR) of the voter list in Bihar and alleged "vote theft," will begin from Sasaram. Senior RJD leaders, including Lalu Prasad Yadav and Tejashwi Yadav , are also set to participate. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Preparations are underway outside the residence of RJD chief Lalu Prasad Yadav in Patna. Addressing reporters on Saturday, Bihar Leader of Opposition (LoP) Tejashwi Yadav said the campaign aims to raise awareness among voters, especially those whose names have been excluded from the electoral list. Live Events "We are starting the 'Vote Adhikar Yatra' from Sasaram tomorrow. Tomorrow, we will all be with the Mahagathbandhan allies. We will visit several districts, and our effort will be to make people aware so that no voter's name is left out. We also have fought for this and got a relief from the Supreme Court in this matter, whether it is the Supreme Court direction to the Election Commission of India to publish the list of 65 lakh persons excluded or deleted from the Bihar draft electoral voters list, along with the reasons," Yadav said. He described the yatra as a "historical journey" and said the Mahagathbandhan is confident he will get the support of the people. "Tomorrow, Rahul Gandhi and other leaders of the Mahagathbandhan will go among the people and make them aware of voter rights. Along with this, we will also raise the local issues. We will also convey what our vision would be if we form our government. This is going to be a historical journey, and we will get the blessings of the Bihar voters," he said.


News18
an hour ago
- News18
Mumbai to host waterways to wonder cruise tourism conference on August 18
Mumbai (Maharashtra) [India], August 17 (ANI): The Mumbai Port Trust, in collaboration with the Inland Waterways Authority of India (IWAI) and the Indian Ports Association (IPA), will host a conference titled 'Waterways to Wonder: Unlocking Cruise Tourism' on Monday, August 18, in Mumbai. According to a release by the Ministry of Ports, Shipping and Waterways, the objective of the event is to explore the potential of cruise tourism in India and deliberate on policy initiatives, best practices, and strategic growth half-day conference will bring together dignitaries from the Ministry of Tourism, Government of India, Maharashtra Tourism Development Corporation, and various stakeholders in the cruise and maritime focus areas include strategic vision and policy frameworks for cruise tourism, regulatory mechanisms, cultural and coastal cruise itineraries, terminal best practices, smart operations, and environmentally sustainable port strategies.A keynote address will be delivered by Vijay Kumar, Chairman, IWAI, who also serves as the Nodal Officer of NAVIC Cell 4. The NAVIC Cell, established by the Ministry of Ports, Shipping, and Waterways (MoPSW), focuses on promoting tourism across ocean, river, and lighthouse sectors, as well as ferry objective is to position India as a global hub for cruise tourism by developing integrated ocean and river cruise circuits, the release further conference will also feature a dedicated session by the NAVIC Cell 4 showcasing achievements and recent reforms in cruise tourism and ferry services. IWAI, under the Government of India, has been instrumental in developing inland water transport systems, promoting river cruises, and implementing tech-enabled, sustainable infrastructure across waterways.A panel discussion will include key industry leaders and experts such as Vikas Narwal, IAS, Managing Director, IPA; AK Bansal, Chief Engineer, IWAI; Opesh Sharma, Director (Cruise), MoPSW; Vikas Malviya, Director, Nordic Cruiseline Private Limited; and representatives from Antara Cruises/Heritage River Journeys Private Limited, along with other river cruise panel will explore the operational and commercial aspects of cruise tourism in India, with a focus on enhancing passenger experience and streamlining infrastructure event will conclude with a presentation on India Maritime Week 2025, scheduled for October. IMW 2025 aims to highlight developments, investment opportunities, and international collaborations in the maritime sector to foster both domestic and global growth. (ANI)