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“EPE has an iconic toll plaza which is 170 feet high with 154 feet wings on either side. The expressway has 3 flyover, 4 major bridges, 46 minor bridges, 7 interchanges, 221 underpass and 114 culverts.” (Source: Times Property)
The Eastern Peripheral Expressway (EPE) has been inaugurated by the Prime Minister on the 27th May, which finishes a 15-year long wait (since the announcement) for the Delhites. The expressway will see plantation of nearly 2.5 lakh trees. As suggested by the name, this expressway is designed to connect NH-1 and NH-2 from the Eastern part of Delhi and bypass the non-Delhi bound traffic from the Eastern gateway of the city.
The EPE, also termed as the National Expressway-II, is designed to be a green and smart highway. It will be equipped with an intelligent Video Incident Detection System (VIDS), Highway Traffic Management System (HTMS) and a faster Electronic Toll Collection (ETC) at the toll booths.
It’s fantastic news for the traffic-ridden people of Delhi as EPE will decrease the flow of traffic into the city considerably. Also, pollution levels are expected to reduce by a big margin. As stated by the Union Minister for Highways and Road Transport- The EPE, along with the Western Peripheral Expressway (WPE), will make the traffic meant for UP, Haryana, Punjab, Uttarakhand and J&K to bypass Delhi, which will reduce the pollution level by about 50 %.
This expressway, stretching from Kundli to Palwal, will do a world of good towards enhancing connectivity and will make lives easier for those traveling through the corridor connecting U.P, Haryana and Delhi.
EPE and WPE together will form a ring around Delhi and will bring Faridabad, Noida and Ghaziabad closer to one another. This will make accessibility between residential hubs, say, Ghaziabad and industrial hubs such as Faridabad much easier.
Real estate business around the EPE is sure to get a boost. A few Tier-III cities such as Baghpat, Kundli and Palwal lie along the EPE. Affordable housing has a great potential in these cities and the demand is likely to soar very soon. It will prompt investors in Delhi to pump big money into the real estate projects in these new found ‘real estate hotspots’.
Also, commercial and residential real estate activities are expected to boom and this area may soon become one of the most sought-after locations for home buyers in the NCR. The once-distant corners of the NCR will fast go on an urbanization spree.
New prospects of development, along with ease of access between residential hubs and industrial hubs will raise property demands around the EPE.
EPE cuts the Taj Expressway near International University, Noida. Hence, property prices of the micro-markets in Delhi, UP and Haryana will rise for sure and a lot of commercial and residential projects are bound to come up in this area.
India’s first green and smart highway – Eastern Peripheral Expressway will allow a bypass for traffic, cut down the pollution level and boost the open the growth prospects for the property market.
Image Source: Financial Expressway
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