NH-24: Game-Changer for Residential, Comm Property Investors and Opportunities

Authored by: Pawan Sharma, MD, Trisol RED

National Highway 24 (new NH-9) has emerged as a paradigm shifter for real estate development. With its strategic location, connectivity enhancements, and infrastructural developments, the highway offers lucrative opportunities for both residential and commercial investments. This exponential growth of NH-24 attracts investors seeking high returns and sustainable growth prospects.

The 293 km long NH-24 highway traverses the heart of Uttar Pradesh. It serves as a primary transportation link covering significant cities and towns, Ghaziabad, Noida, Meerut, and beyond, facilitating seamless transportation and connectivity. 

Due to its affordability, proximity to employment hubs, and improved infrastructure, the corridor has emerged as a preferred hotspot for residential and commercial investment. Many renowned developers have established premium and affordable housing options. This growth in residential projects and modern amenities, like reputed educational institutions, gyms, and sports clubs within easily reachable distance, has made NH-24 an attractive choice for homebuyers and investors.

In recent years, the highway has witnessed infrastructural upgrades, improving connectivity and easing traffic congestion. It has substantially reduced travel time and congestion on existing roads, benefiting commuters and businesses. Further, the development of metro corridors along this route has contributed to a smoother commuting experience. Consequently, these developments have not only increased the property value along NH-24 but have also propelled the growth in the vicinity areas like Indirapuram, Vaishali, Greater Noida West, Crossings Republik, Siddharth Vihar, and Hi-Tech City Noida. This development in the last five years led the properties along NH-24 to grow substantially. The Noida and Ghaziabad regions have become commercial hubs due to their growing popularity and the demand for quality housing, thus making them ideal for investment. Furthermore, the Delhi-Meerut Expressway has already improved connectivity in the region, and the recent inauguration of rapid rail has enhanced it further, thus opening up more real estate opportunities in the area.

Moreover, the substantial growth in residential projects has led to a surge in demand for commercial spaces. The establishment of business parks, office spaces, shopping complexes, and high streets in various townships has brought the corridor into the limelight for commercial investment. The rapid influx of multinational companies and startups seeking prime locations has further upsurged the demand for commercial properties along NH-24. Government initiatives like the Smart Cities Mission and Make in India have boosted commercial growth, making it an attractive investment opportunity.  

The future of residential and commercial properties along NH-24 looks promising. The highway is popular as it connects the city with the locality and surrounding areas. With the ongoing and upcoming developments and as sustainability gains importance, it is evident that NH-24 is poised to sustain growth and will further stimulate commercial and industrial activities, fueling the demand for commercial real estate.