New Delhi, April 14 -- Real estate industry players on Tuesday said the newly inaugurated Delhi-Dehradun Expressway is set to significantly boost property demand and prices across its corridor, with estimates of 15-25 per cent appreciation in key micro-markets over the next 18-24 months.

Prime Minister Narendra Modi today inaugurated the six-lane Delhi-Dehradun Economic Corridor in Dehradun, a 213 km long access-controlled highway built at a cost of over Rs 12,000 crore.

The project is expected to reduce travel time between Delhi and Dehradun from six hours to approximately two-and-a-half to three hours.

According to Pyush Lohia, Managing Director, Lohia Worldspace, the expressway is expected to play a transformative role in reshaping ...