In recent years, the real estate landscape in peripheral towns surrounding the National Capital Region (NCR) has been witnessing a remarkable transformation, thanks to the implementation of the spoke and hub model pursued by both the Central and state governments. Towns like Meerut, Karnal, and Rewari, which were once considered distant and underdeveloped, are now emerging as highly sought-after real estate destinations, attracting major investments and offering improved living conditions for residents.
The key driving force behind this surge in real estate interest is the introduction of advanced transportation systems, including metro networks, Rapid Rail Transit Systems (RRTS), and well-connected expressways. These developments are bridging the gap between peripheral towns and prominent business hubs such as Delhi, Noida, Greater Noida, and Gurugram. The integration of rapid rail connectivity and expressways is not only reducing travel time but also easing access to multiple commercial hubs for regular commuters. As a result, these corridors are proving to be lifelines, boosting the economy of the adjoining regions with significant infrastructural developments.
By enhancing connectivity and reducing travel times, the government’s efforts to decongest existing hubs have created a spoke and hub model, distributing economic growth more evenly and alleviating the strain on core urban areas,” says Deepak Kapoor, Director of Gulshan Group.
The introduction of tolled expressways like the Delhi-Meerut Expressway, Eastern Peripheral Expressway, and Faridabad-Noida-Gurugram Expressway has further slashed travel times, making daily commutes smoother and more convenient for residents. This increased convenience has piqued the interest of real estate companies, as the allure of improved connectivity combined with the potential for rapid development in these peripheral towns creates a fertile ground for investment.
Recognizing the growth potential in these areas, developers are now investing in residential and commercial projects to capitalize on the rising demand for housing and office spaces. “The government’s commitment to decongesting existing hubs has added further impetus to developing peripheral satellite towns, creating an attractive environment for both residents and businesses,” explains Rajesh K Saraf, MD of Axiom Landbase.
The ripple effect of these developments has enhanced the overall livability and attractiveness of these peripheral towns, leading to a shift in focus from traditional real estate markets like Noida, Gurugram, Sohna Road, and Dwarka Expressway. Ashwani Kumar of Pyramid Infratech highlights that as some businesses and corporate houses can afford to relocate to outlying areas, they become significant drivers of residential and commercial development in these regions.
Additionally, the availability of affordable real estate and enhanced connectivity has become a magnet for startups and established businesses alike. The spoke and hub model, facilitated by rapid rail connectivity, slick expressways, and government initiatives, is fueling the real estate development of towns on the peripheries of major business hubs like Delhi, Noida, and Gurugram, according to Radheecka Rakesh Garg, Director of Rajdarbar Realty.
As a result, real estate companies are increasingly looking beyond traditional markets due to the government’s emphasis on decongestion and equitable development. These satellite towns are now poised to witness substantial economic and infrastructural transformations, eventually becoming vibrant centers of commercial and residential activity.
With the ongoing rapid infrastructure developments and the government’s commitment to creating well-connected satellite towns, the future of real estate in the peripheral cities around NCR looks promising, offering a win-win situation for investors, businesses, and residents alike.