India, Aug. 17 -- Prime Minister Narendra Modi on August 17 inaugurated the 76-km Urban Extension Road-II (UER-II), envisioned as Delhi's third Ring Road, along with the 29-km Dwarka Expressway. Together, these projects form a key part of the Centre's decongestion strategy for the capital, aimed at cutting travel time across Delhi and adjoining regions while easing pressure on the existing Ring Road and other arterial routes.

For NCR residents, the enhanced connectivity is expected to drive residential and commercial growth. According to real estate experts, the corridor is set to emerge as a hub for mid-segment and premium housing, while also boosting logistics and warehousing activity.

The Urban Extension Road-2 (UER-2) along with the...