Invest New Dwarka Expressway Projects Ready To Move

From being the hotspot of Gurugram’s realty market till 2012 to be one of the most sluggish and uncertain markets, with a plethora of projects with dwindling fortunes till about a couple of years back, Dwarka Expressway Projects Ready To Move has witnessed it all. On the one hand, the prime driver of the micro market, the Northern Peripheral Road (NH 248BB), is being constructed at a good pace, while on the other hand, owing to subdued capital values for a prolonged period, the micro-market offers much better value proposition in the context of Gurugram.

In fact, 29-km-long, 8 lanes, and 150-meter-wide Dwarka Expressway aims to improve connectivity between Delhi, Gurugram, and Manesar. The expressway is still under development as the land acquisition issues over the years hindered its construction progress. However, as per more recent market developments, the clouds of uncertainty may clear, and the project is likely to be completed soon.

“Once the expressway is fully constructed and operational, residential real estate activity here is likely to increase further. The location has already seen massive residential real estate development and as per ANAROCK Research, more than 25,000 units have been launched in the past 6 years, with 3 Bhk Flats On Dwarka Expressway accounting for 27% of the total supply in Gurugram over this period. As a result, this micro-market has plenty of options available for homebuyers, and the expressway completion will further spur the growth momentum,” says Santhosh Kumar, Vice Chairman, ANAROCK Group.

Thus, as this market at present has many lucrative options both in primary as well as secondary markets, buyers and real estate developers alike view Dwarka Expressway as the most lucrative residential and investment IN Plots On Dwarka Expressway Gurgaon.

In a recent statement, Union Minister for Road Transport and Highways Nitin Gadkari said that Dwarka Expressway, which is being developed as the first elevated urban expressway in India, will be operational in 2023. This has further added an impetus to the growth of this area. “The upcoming Luxury Projects On Dwarka Expressway is set to be one of the finest infrastructure stories that NCR has ever witnessed. The government is developing a state-of-the-art business, transport, and recreational hub near Sector 113 and Sector 111, Gurgaon. These developments will enhance the ease of accessibility to world-class facilities and amenities for micro-markets of West Delhi and Dwarka. Further, looking at the growth potential in the next few years, this will be the most lucrative micro-market, both from an investment and end-user perspective,” said Vivek Singhal, CEO, of Smartworld Developers.

The highway comprises four multi-level interchanges, spanning 29 km on NH8 as a signal-free highway. The area has emerged as one of the prime micro-markets in Gurgaon, NCR, with seamless connectivity to Gurgaon and Delhi airport terminals.

“Once operational, Dwarka Expressway will significantly reduce the traffic load on Delhi – Gurugram Expressway. Besides, Sohna Road and Golf Course Road will also be relieved with the ease of traffic movement. The realty market of Dwarka Expressway and its surrounding areas have been witnessing great traction lately. The expressway has direct connectivity to the industrial zones in Manesar, Gurgaon, Dharuhera, and Bhiwadi, which will influence the realty demand in the area. Besides the strategic location, the seamless connectivity and mega infrastructural developments have been playing a key role in enhancing the potential of the realty market of Commercial Property On Dwarka Expressway and other areas in the vicinity like New Gurgaon which have been the preferred neighborhood for investors and end-consumers in the last few years,” said Aman Trehan, Executive Director, Trehan Iris.

Residential demand is also set to spike, with more commercialization and urbanisation in and around Dwarka. In fact, the region has already witnessed a value appropriation at a CAGR of around 4% during the period between 2015 and 2018 and has been growing ever since.

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