PM Modi Inaugurates 135-Km Western Peripheral Expressway
Delhi-Haryana commuters have a reason to cheer as the Western Peripheral Expressway (WPE), which is also known as Kundli-Manesar-Palwal Expressway is now open for public use.
Prime Minister Narendra Modi on November 19 inaugurated the 83-km-long Kundli-Manesar section of this infrastructure project; the remaining 53-km stretch has been operational since April 2016. The expressway will offer signal-free connectivity to Palwal from Sonepat, bypassing Delhi. The expressway highway together with the Eastern Peripheral Expressway, will divert as many as 50,000 heavy vehicles away from Delhi.
The WPE is a partially operational route divided into three 45-km sections. The expressway intersects at the National Highway 44 at Kundli, the National Highway 10 at Bahadurgarh, the National Highway 8 at Manesar, the National Highway 248 at Sohna and the National Highway 2 at Palwal.
The government of Haryana had taken up the task of developing twin projects under the Peripheral Expressway Project, namely the Eastern Peripheral Expressway (EPE) or the Kundli-Ghaziabad-Palwal (KGP) Expressway and the Western Peripheral Expressway. The two expressways respectively will be bypassing the eastern and western boundaries of Delhi. The Peripheral Expressway Project will be connecting the National Highway 1 and the National Highway 2 from the western and eastern borders, respectively. Once completed, the entire peripheral expressway would form a ring road around Delhi, spanning a total length of 270 kilometres. A major portion of the route of about 183 kilometres passes through Haryana while the rest of the 87 kilometres passes through Uttar Pradesh.
Also known as the National Expressway 2, the EPE is a 135-kilometre six-lane expressway linking Delhi, Ghaziabad, Faridabad, Greater Noida, Baghpat and Sonepat. It consists of two sections — the Palwal-Ghaziabad section and the Ghaziabad-Sonepat section.
With the objective to decongest Delhi, the Ministry of Road Transport and Highways announced the government’s plan to build several link roads for direct connectivity with the two expressways. Presently, construction of flyovers is underway in areas where the expressway meets the highway. There are 52 underpasses and 23 overpasses on this stretch.
Impact on NCR real estate
A noticeable effect of the creation of the new route will be a significant reduction in the number of heavy vehicles which will now get direct access to industrial towns like Manesar, Sohna, Dharuhera, Bawal and Bhiwadi. Moreover, as far as real estate developments are concerned, the locations such as Gurgaon, Manesar, Ghaziabad, Greater Noida, Palwal, Kundli and Sonepat will see tremendous growth in the coming years. These areas have already established themselves as realty hubs attracting buyers with abundant affordable housing options. Presently, residential properties in these localities have an average price of Rs 3,500 per sqft. The prices are expected to rise while also increasing prospects for better investment returns.
Employment opportunities in the neighbouring industrial towns are likely to draw more real estate developers and investors. Housing options in the above-mentioned localities promise a quality lifestyle for modern homebuyers who not just seek access to basic infrastructure but also sound connectivity. Many prominent players in the realty market have collaborated with smaller builders to launch joint venture projects with enticing features and facilities.