Dwarka Expressway - Boost to Real Estate Market

Connectivity of Gurgaon to Dwarka Expressway bring boost to real estate project which acts as a pull for the buyers and investors. Perception of people buying properties, in terms of distances, has changed as people want to live in well planned projects, which have rapid commuting infrastructure. Properties that have come up near this expressway have seen a tremendous response.

The Dwarka Expressway is receiving more attention today. The road starts from Dwarka to the NH-8. Customers are attracting to projects located on Dwarka Expressways, as they provide good connectivity to nearby areas.

Developers and Buyers are jostling to get a fair share of the pie in this area. Reason behind the heightened expectations and interest is good connectivity, which the Dwarka Expressway will provide. It will provide faster access to the airport; connect close to the 100-metre-wide road proposed in the new master plan, and the areas will also have good connectivity with the proposed diplomatic enclave and the current Metro corridor.

Sectors near the Dwarka expressway are Sectors 99 to 113, 83 to 86. The Gurgaon-Manesar Master Plan-2012 has given a boost to the Expressway. The total stretch covered by the expressway is around 18km including a wide road, which is around 150 meters wide, starting from Dwarka and connecting to Palam Vihar. The main objective of the expressway is to reduce the travel time of people commuting from West Delhi to Gurgaon.

Dwarka Expressway is the lifeline for people who are living in Dwarka and working in Gurgaon. Development is taking shape at a very fast pace. It is developing as a hub for commercial and entertainment activities and is amongst the most preferred locations to stay in the NCR region, with its proximity to Gurgaon and link to Delhi-Noida.

The Expressway, which is under construction, will join new residential colonies, apart from the commercial corridors.

Realty experts say that the land acquisition for the expressway is nearing completion; the demolition of some houses in Palam Vihar in litigation and a final verdict is awaited. Sectors on the expressway, like Sectors 110A, 111, 112 and 113, which are near Delhi, are likely to see higher appreciation in the future. Sectors near the expressway are Sectors 37D, 83, 84, 88, 99, 100, 101, to 110 are being developed as residential and commercial, with the maximum area dedicated for residential development.

The appreciation of property prices will be good near this area. The land value of the areas adjoining the Dwarka Expressway is already being compared to that of Dwarka. Property prices are going up rapidly, having shown an increase of Rs 1,100-2,000 per sq ft in the last two years. Starting from Rs 2,800-3,500, prices have now touched Rs 3,900-5,500 per sq ft. New Gurgaon and other areas coming up here will be more expensive once the NPR is ready,

The popularity of the area has seen big names of the real estate industry entering the market of this expressway. Some of the big names are SS Group (SS Omnia-86, The Leaf-85, Almeria-84), Ansal Group (Ansal Hub 83, Ansal Amantre – 88A, Ansal Upcoming Commercial - 103).

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