Tuesday 5 August 2014

Real Estate Activities in Millennium City Expands Border

Millennium City of Gurgaon have further picked up with the availability of fresh land released for the proposed construction of Kundli-Manesar-Palwal and Dwarka Expressway, and with Gurgaon Pataudi Road also brought into the mainstream developmental activities.

The new Master Plan of Gurgaon has merged Gurgaon and Manesar, bringing in around 23,000 hectares of additional land for development, which is expected to cater to the housing needs of 21 lakh more people.
Several new sectors along Dwarka Expressway like Sectors 95A, 95B, 89A, 89B, 86 83, and 99A are being developed as attractive destinations for upper middle class and upper class people.
    With improving infrastructure and interstate connectivity like KMP Expressway, Western and Eastern Peripheral Expressways, Dwarka Expressway, and 1,483km-long Delhi Mumbai Industrial Corridor (DMIC), the millennium city of Gurgaon is growing very fast. The new Master Plan, 2031, for Gurgaon-Manesar expands the existing city to create more residential, commercial and social infrastructure like hospitals, schools, playgrounds, and physical infrastructure. The new master plan will bring in around 23,000 hectares for fresh developments. In fact, the new master plan has given a new lease of life to its market.
The new plan will also help in containing prices in the city. The Haryana government has also approved a `high density policy' in its comprehensive housing policy to further improve the availability of affordable houses. Under this policy, development authorities like the Haryana Urban Development Authority (Huda) will now be empowered to increase the density of population in group-housing projects.
The permitted population has been increased to 100-120 people per acre, earlier it was 80-100 people per acre. It gave opportunities to developers to build more housing units per acre than they could have done earlier. To increase the land under commercial and residential development, the new master plan has de-reserved the land earmarked for special economic zones.
The new plan has indicated that there would be an adequate provision for all community facilities and services within the sectors. Having connectivity with Delhi through roads like the 150metre-wide Northern Peripheral Road (Dwarka Expressway) and the 90-metre-wide Southern Peripheral Road, the plan also includes three major roads connecting Delhi and Gurgaon like Vasant Kunj to MG Road, among others. The new plan has also proposed to develop connectivity within the Gurgaon Manesar area to Delhi as well.
The development of intra-city Metro system in Gurgaon has further helped in decongesting the city and provided commuters relief. A high-speed Metro service, Airport Express Link, between Dwarka & IFFCO Chowk (Gurgaon) has also been proposed.

The road beyond Sectors 63A and 67A that ends up on Sohna Road will be extended as a bypass of NH-8 in future and will relieve from heavy traffic congestion. A 60 metre wide road between industrial Sectors M3A and M4 will be further extended through the Aravali hills and the public zones along the KMP up to NH-8. This will create a great loop which will provide commuters an option to avoid travelling on NH-8. Development authorities like Huda, Municipal Corporation of Gurgaon, and Haryana Public Health Department have chalked up several proposals to develop the city in a planned way, which is expected to meet the increasing housing demand of the place.

Projects on Dwarka Expressway:-
SS Group The Leaf
Ansal Hub Boulevard

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