With the completion of KMP Expressway or the Western Peripheral Road and its inauguration by Prime Minister Narendra Modi last week, Delhi is now completely encircled by a super expressway. KGP Expressway is the other half of this circle which is also known as Eastern Peripheral Road and connects Kundli with Palwal via Ghaziabad. Interestingly, this KGP Expressway was developed in a record time whereas the KMP Expressway was delayed by almost 9 years. And unlike KMP, the KGP expressway is certainly going to revive the real estate markets of Raj Nagar Extension, Modinagar and Noida Extension.
However, out of these three markets, Modinagar and Raj Nagar Extension carry an edge over Noida Extension. These markets are the new hub of affordable properties. The new and improved expressways like KGP, Delhi Meerut Expressway and Elevated road have improved the overall commuting experience with almost half-time taken to reach Delhi’s Connaught Place. The upcoming Rapid Rail Transit System (RRTS) and Delhi Metro are icing on the top. And these markets are self-sustained with a complete socioeconomic ecosystem around them. There are malls, schools, stadiums, playgrounds, banks, multiplexes and many other recreational centres at these places.
Whereas, the properties in Noida Extension are available in the range of Rs 3,000 – Rs 4,500. The time to reach Connaught Place from Noida Extension is almost 2 hours. Therefore, if you are looking for affordable properties near Delhi, you should go for Modinagar and Raj Nagar Extension.