The recently inaugurated Kundli-Manesar-Palwal Expressway, best known as the KMP, has come with a ray of hope in the realty sector in Haryana. The expressway comes up as a gift for growth in the real estate in the nearby areas of Gurgaon including Kundli, Sonipat, Jhajjar, Mewat, and Palwal. It has lessened the commute time and reduced the pollution levels in the region due to traffic.
The KMP project took a long time to accomplish. It took close to 15 years to complete and available for the public. Now, it is fully operational and is expected to become a game-changer for those investors who are looking for factory plots on KMP Expressway.
It is a 136 km long expressway which starts from Kundli near Sonipat and ends at Palwal, Faridabad via Manesar, connecting four important NH roads- NH 1, NH2, NH8, and NH10. After the expressway inauguration, an unpredictable hike in the price of residential as well as industrial plot for sale on KMP Expressway has been noticed. It is expected to be raised more shortly. Industrialists who are looking for an industrial place near Delhi NCR can invest in an industrial plot on KMP Expressway. Many overseas companies have also shown interest in the expressway. The Haryana Government is expecting to be massive industrial growth in the expressway sooner.
The expressway will trigger multifaceted growth in industrial, economic and real estate’s like Manesar and Sonipat. Since the expressway shortens the distance among Palwal, Sonipat, Gurgaon, Jhajjar, and Mewat, it gives a strong reason for investment in the realty sector. Many respected brands have already established their manufacturing units in these areas such as Hilton Rubber, Atlas and ECE. Several biggies are planning to foray in the region, The attracted to the expressway because of two vital reasons, reasonable land prices and improved infrastructure.
With the joint venture of the state government and Dalian Wanda, a prime real estate groups worldwide, there is a plan to invest $10 billion in an industrial park at Kharkhoda in Sonipat. The ambitious plan can give growth to industrial tourism companies here. Thus, it will create job opportunities for thousands which will give both industrial and economic growth. So your plan to invest in Industrial Land on KMP Expressway will be beneficial.
Impact of the KMP Expressway on Industrialization
Investors have noticed remarkable development in the area connected with the KMP Expressway. The Western Peripheral Expressway aka KMP will drastically reduce traffic in Delhi because heavy vehicles will get direct access to industrial towns like Sohna, Sonepat, Manesar, and Dharuhera. These are nearby areas of Gurgaon and Delhi NCR that will show prominent growth in the future.