Upgraded Chandigarh-Kurali Road to Boost Real Estate, Set for February 2025 Completion
The much-anticipated 8.9-kilometer PR-4 road upgrade linking Kurali to Mullanpur (New Chandigarh) is on schedule for completion by February 2025. Managed by the Greater Mohali Area Development Authority (GMADA), this 200-ft-wide four-lane corridor is set to revolutionize regional connectivity and spur real estate development in one of India’s fastest-growing urban centers.
Key Aspects of the PR-4 Road Upgrade
- Essential Infrastructure Link: Direct access from GH-4/Mullanpur to Kurali, cutting travel time between Punjab and New Chandigarh.
- Cricket Stadium Access: Final segment near New Chandigarh’s cricket stadium to boost accessibility for sports events and residential areas.
- Broader Network Integration: Part of NHAI’s Bharatmala Project, aligning with the 6-laning of Kurali-Siswan Road under future plans.
Anticipated Benefits for Residents and Investors
- Traffic Relief: Streamlined flows from Punjab to New Chandigarh, easing congestion in Mullanpur’s growing neighborhoods.
- Economic Boost: Enhanced access to commercial zones like the IT City-Kurali Bypass, operational by June 2025.
- Real Estate Growth: Higher demand expected in nearby plots and housing projects, leveraging improved logistics.
Influence on New Chandigarh’s Real Estate Market
| Factor | Anticipated Effect |
|---|---|
| Residential Demand | Surge in plotted colonies and gated communities |
| Commercial Ventures | Expansion of IT parks and retail hubs |
| Rental Yields | Increased value for proximity to highways |
Additionally, the broader regional connectivity is being enhanced, with plans for a four-lane road connecting Mullanpur’s Majri Chowk to Baddi-Barotiwala under discussion.
Future Infrastructure Plans
- NHAI Greenfield Projects: The Upcoming six-lane roadway between Kurali-Siswan will enhance connectivity and boost property demand.
- Urban Expansion: New development corridors anticipated in peripheral areas, aided by reduced travel times.
- Public Transit Links: Opportunities for improved bus routes or metro extensions to key business hubs.
For investors and homebuyers, the February 2025 deadline marks a crucial moment. The PR-4 road upgrade isn’t just a infrastructure milestone—it’s a catalyst for transforming New Chandigarh into a regional economic powerhouse. Stakeholders should keep an eye on ongoing NHAI projects and GMADA land releases to capitalize on this emerging trend.