NHAI identifies 650 properties in 22 states
The National Highways Authority of India (NHAI) has identified 650 properties in 22 states of the country. NHAI will develop over 3,000 hectares of land in collaboration with the private sector in the next 5 years. Out of these, 94 sites are on Delhi-Mumbai Expressway, 376 are under construction on new highways or expressways and about 180 sites are on existing highways. JLL’s strategic and valuation advisor A. According to Shankar, NHAI will lay emphasis on modernization of the Indian highway network in the coming years. These will directly benefit the highway users, market players, developers, investors and facility operators.
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There will be an investment of Rs 4800 crore from the private sector
Shankar said, “Keeping all the facts in mind, we estimate that in the near future, the price of land near NH is bound to go up by 80 percent. At the same time, after increasing the facilities, there will be an increase of 25 percent again. In these projects of NHI, the private sector will invest about Rs 4,800 crore in the next 5 years. According to estimates, at least 15 to 30 percent returns can be achieved from these sites. Clear land title, pre-approved sites, no change in land use will open new doors of growth for developers and investors.