National highways offer returns over 15% via Realty development, says JLL
National highways offer real estate development opportunities across the country with over 15 per cent returns for investors/developers, said a release by JLL today.
In the short term, with infrastructure development and connectivity being created, real estate appreciation in the vicinity is estimated to be in the range of 60-80 per cent. However, there is another spurt in prices when the facilities/ wayside amenities become operational along the highways. These amenities include restaurants, food courts, retail outlets, electric vehicle charging stations, warehouses, commercial developments, and so on.
Having recognised this opportunity, NHAI (National Highway Authority of India) has identified more than 650 properties across 22 states with a combined area of over 3,000 hectares to be developed with private sector participation in the next five years.
