India’s urban landscape has witnessed a significant transformation, with the development of smart road infrastructure playing a pivotal role in shaping the real estate sector.
These technologically advanced corridors are not merely pathways for vehicles but are becoming catalysts for economic growth, sustainability, and urban development.Smart roads integrate cutting-edge technologies such as Internet of Things (IoT) sensors, real-time traffic management systems, electric vehicle (EV) charging stations, and renewable energy sources like solar panels. These features enhance transportation efficiency, reduce carbon footprints, and improve the overall quality of urban life. For instance, the Delhi-Meerut Expressway exemplifies a semi-smart corridor equipped with automated traffic systems and designated EV zones, reflecting the government’s commitment to sustainable infrastructure.
The impact of smart roads on real estate is profound. Areas adjacent to these corridors are experiencing increased demand for both commercial and residential properties.
Investors and developers are recognizing the long-term value these infrastructures bring, including improved connectivity, reduced travel times, and enhanced environmental quality. Cities like Pune, Ahmedabad, and Surat, which are integrating smart road technologies, are witnessing a surge in real estate activities, with property values appreciating due to the infrastructural advancements.
A notable example is the Samruddhi Mahamarg Expressway in Maharashtra, a 701-kilometer corridor designed with features like EV charging stations, solar energy generation, and rainwater harvesting systems.
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