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Dwarka Expressway |
The year 2013, has been a roller-coaster ride for the Realty Sector. A lot of new projects were launched by some of the best builders in Gurgaon which were being promoted by different alluring schemes. Considering different areas, Dwarka Expressway managed to catch the most attention of the investors and the builders.
The Expressway connects Dwarka with National Highway 8 at Kherki Dhaula and passes Pataudi Road. Lately, the work on the expressway was all stuck up due to land acquisition issues; but the end of the year 2013, brought a sense of relief for the investors of the Dwarka Expressway with the work to resume.
The expressway was expected to be completed by March 2012 but due to the hurdles in the Land Acquisition it was left in between. The builders of the upcoming projects on Dwarka expressway played an important part in resuming the work and ensuring that the expressway is ready as soon as possible.
According to the sources, due to the delay Indiabulls – the contractor of Dwarka Expressway has demanded compensation from Haryana Government. Since this procedure could have delayed the work further, thus the builders under the CREDAI have pooled money to pay to the contractor and make sure the work resumes.
Dwarka Expressway, at present is the most sought after option amongst the investors and end users in NCR. This was one of the major reasons that the delay in the construction work could not be bore.
Now, according to the new estimate, the work will get completed by March 2014.
There are just 4 small stretches left now to be completed. Out of 18 kms stretch, 14 kms of the expressway has already been completed. According to the, detailed map of Dwarka Expressway 800 meters have been given to the Indian Railways for the construction of a rail-over-bridge. Around 700 meters of land is under various HUDA utilities.
High Court has put a stay order on the 2.5kms of the Expressway stretch. To sort out this issue, HUDA has announced a rehabilitation policy. Under this policy, people with built-up homes or structures are being offered alternative plots in sector 110A and 37C. These plots are of the same size as the plots being taken over. Only 15 Acres is required to re-settle the petitioners. The Dwarka Expressway will bring the Delhi and Gurgaon closer and also would smooth the traffic flow by reducing the jams. This will also reduce the distance of International Airport from the millennium city.
More than 33,000 houses are under construction on Dwarka Expressway. With projects from low-investment to high class luxury projects, Dwarka Expressway has something for everyone. The main developers here are Indiabulls, Ansal, BPTP, Ramprastha, Puri Constructions, Sobha Developers, Assotech, Raheja Builders, Chintels, ATS, DLF, Orris, Bestech, Vatika, Mapsko, Universal, Vardhman to name a few.
