FNG Expressway: Growth engine for realty

Delhi/NCR
To provide fast connectivity and improve infrastructure for realty growth, the authorities have increased the pace of construction of the much-awaited FNG Expressway (Faridabad-Noida-Ghaziabad Expressway).

Keeping this in mind, realty players have launched several projects in the newly-developing areas like Sectors 117, 118, 121, 122, 137, 142, and 150 along the FNG corridor.

Delhi has six million vehicles with 1,200 more added daily.But road space is not increasing at the same pace and very soon Delhi’s roads would become inadequate to handle the growing traffic volume, traffic experts warn.

The scene is equally bad on roads connecting Delhi with Gurgaon, Faridabad, Noida, and Ghaziabad. This is starkly evident on NH-8 (Delhi-Jaipur Highway), which was designed for a peak traffic volume of 1.6 lakh vehicles (by 2015).

With Ghaziabad, Noida, Greater Noida, Faridabad, and Gurgaon emerging as major real estate hubs, millions of people are now crisscrossing the NCR, end to end, on a daily basis.

There is huge movement of goods also in these regions.Keeping the projected requirements of movement of this huge volume of population and goods, development authorities of Faridabad, Noida, and Greater Noida took up the FNG Expressway project to ease the movement of traffic between these cities. FNG Expressway is nearly 56km long and of this, 19.9km falls in Noida-Greater Noida region and 8km in Ghaziabad, while the rest 28.1km falls in Faridabad regions, especially the Neharpar areas.

Source: http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/fng-growth-engine-for-realty/79356.html