Govt may allow residential projects along expressways

New Delhi: The highways ministry is mooting the proposal to allow residential and commercial complexes to come up close to the expressway alignment and the first such model could be tried on the Delhi-Jaipur stretch.
However,while government will acquire the land for construction of expressways and allied facilities along the stretches,private players will have to get land in the vicinity for real estate projects. Government estimates suggest that construction of expressways would cost between Rs 40 crore and Rs 50 crore per km.
The ministry put these proposals before top highway developers at a meeting held recently in the capital to push the greenfield expressway between Delhi and Jaipur. This stretch may be a 230-km expressway and would be access controlled. A similar model is being tried by UP in the case of Yamuna expressway connecting Noida with Agra.
Sources said that considering the high potential of real estate sector in the national capital region to generate revenue,this model could work.The ministry is seeking to provide access to residential and commercial complexes along the proposed alignment to push economic development.   Source>>>