Spoke and hub model propels real estate development in peripheral cities around NCR

financialexpress.com:

Meerut, Karnal, Rewari, and several other small towns surrounding Delhi are witnessing a boom due to the spoke and hub model pursued by the Central and state governments. These towns are becoming highly sought-after real estate destinations due to the introduction of metro systems, Rapid Rail Transit Systems (RRTS), and well-connected expressways.

“The integration of rapid rail connectivity and slick expressways is bridging the gap between these periphery towns and prominent business hubs such as Delhi, Noida, Greater Noida, and Gurugram. The development of these modes is attracting major real estate investments and easing access to multiple commercial hubs for regular commuters. These corridors have become a lifeline, boosting the economy of adjoining regions with infrastructural developments along them,” says Deepak Kapoor, Director, Gulshan Group.

These corridors will significantly reduce the travel time and connect downtown Delhi and Noida to Meerut, Karnal, and Alwar. Simultaneously, tolled expressways like the Delhi-Meerut Expressway, Eastern Peripheral Expressway, and Faridabad-Noida-Gurugram Expressway are actively slashing travel times.

These infrastructure developments make daily commutes smoother and more convenient for residents of these peripheral towns, resulting in a surge of interest from real estate companies.

Also Read: CREDIT CARD PAYMENTS: How to maximise benefits of interest-free period “The allure of improved connectivity, coupled with the potential for rapid development in these peripheral towns, has caught the attention of industry players. Recognizing the growth potential in these areas, developers are investing in residential and commercial projects, seeking to capitalize on the increasing