If your selected property is well connected to major destinations of a city, then you are blessed! Buying a property in a location that is well-connected is apt, from both investment point of view & convenience to the end-user point of view. Builders advertise new projects that often carry a list of amenities and facilities, and connectivity to major hubs finds a prominent place on the list. Good roads reduce the time of travel between destinations. It also helps employees working in offices or industries nearby to reach and return from their workplaces faster, aside from enabling them to spend some quality time with their families. Another advantage of good road connectivity is lower fuel consumption and hence savings.
Moreover, the impact of better connectivity on the property prices can also be analysed through the following study:
It can further be analysed in the graph below, that while the rates across developed and widened highways (like NH8, NH1, NH 10 and NH2) are on an average 40% to the Delhi rates, rates however on the NH24 are just 10% of the Delhi rates, simply because, comparatively the travel time is the highest on this highway as the roads are congested and less developed.
Clearly, for properties on the NH24, there is headroom of additional 30%. Hence, once NH24 is widened it is sure that it will match up the infrastructure standards of the other highways, which will see increase in rates by 3-4 times.