Dwarka Expressway - Time for Investors to Cheer?

The last 4 km of the ongoing construction of the 18 km Dwarka Expressway has had most buyers and realtors excited and concerned. Real Estate advisors & trend watchers believe that this infrastructural development, set to connect Delhi and Gurgaon in an hour, is decisive when it comes to real estate.

Why Dwarka Expressway?

Barely 10 km from Gurgaon is Dwarka Expressway which is nearest to Delhi. The area’s proximity to suburban business districts of Sohna, Cyber City, Golf Course Road and even to the peripheral business districts of Manesar can be decisive for the growth potential of the property market along the Expressway.

Reputed realty players like Ansal, SS Group have launched their projects and in the absence of pocket-friendly choices anywhere else, Dwarka Expressway is a promising deal. Sectors closer to Delhi command a 30 per cent premium, while properties towards the end of NH-8 are relatively affordable.

For frequent fliers, the area is barely a few minutes from the international airport. All these amenities plus a proposed metro are what the upper-middle class Delhi buyers know as ‘affordability’ today.

The impact of all these facilities reflects on the prices in the area, Prices have also appreciated quickly, from Rs 2,500-3,500 per sq ft a few years back to around Rs 5,000 per sq ft in terms of re-sale and anywhere up to Rs 11,000 per sq ft for new property.

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.

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.

Concerns

The last leg of construction of the expressway is very crucial, almost like a beginning when it comes to unfolding the real estate chapter of the area. If the expressway project gets delayed, there would be genuinely low interest in the area, less re-sale units transacted in the market and therefore, there wouldn’t be any fresh money in the local real estate economics. In the long term, however, the market is sure to pick up

Development is continuous but prospective buyers are few owing to the slowdown in the market in general as well as that of the expressway project. Majority of the properties is under construction and developers seem to be knowingly delaying their projects.

Caution

Projects like the Faridabad-Noida-Ghaziabad Expressway (FNG) have got so delayed that they have just given way to a lot of construction activities coming up and realtors trying to market their projects owing to proximity to the FNG. 

Online discussion forums, consisting of prospective buyers and those who have already put in their money banking on future prospects of FNG, reveal that such project delays have disillusioned prospective buyers. Similarly, Dwarka Expressway where work started in 2011 and was scheduled to be operational by 2012. 

Further delays because of litigations and land acquisition have pushed the deadline to the year 2017. Buyers have taken the cue and therefore there is a lull in the market. Undoubtedly in the long-term, the Dwarka Expressway is a practical investment.

Property in Gurgaon

Luxury Projects Demand Increase in Gurgaon

The luxury housing market of the Gurgaon is currently seeing a greater influx of end-user demand, in contrast to the previous trend of the investment-driven purchases.

Gurgaon will continue to see increased investment in the luxury housing space due to the strong demand in the region.

This is also coupled with the fact that Delhi does not create any significant housing supply in the mid-market segment, leading to a spillover for luxury housing into the peripheral locations of Gurgaon.

Gurgaon today has a growth story that mirrors India's growth over the last decade. It has become the city with the third highest per capita income in India.

The luxury housing market of the Gurgaon is currently seeing a greater influx of demand, in contrast to the previous trend of the investment driven purchase. The sale of luxury projects has risen by around 30% in the past few years, with luxury housing in Gurgaon seeing both demand and value appreciation.

Spurred by new projects offerings, greater influx of end-user demand, and a burgeoning upwardly-mobile segment, luxury and ultra luxury housing projects, are seeing higher demand in the residential market of Gurgaon like Dwarka Expressway, NH-8, Golf Course Extension Road.

On the supply side, some new luxury project launches continued to focus on cost-effective options in alternative markets, particularly in New Gurgaon.

Developers largely focused upon luxury housing in Gurgaon during the first half of 2013; while the second half saw new launches, primarily in the high rise and mid rise segments along the Dwarka Expressway and New Gurgaon area. Even though units in residential projects launched by developers attracted maximum buyer interest and purchases, developers across segments continued to adopt various strategies like further discounts to boost sales.

Sale of luxury projects has risen by 30% in the past few years, with units in this segment in gurgaon seeing demand and value appreciation developers largely focused upon luxury housing in gurgaon during the first half of 2013; while the second half saw new launches, primarily in the high-end and mid-end segments along the dwarka expressway and new gurgaon area. Another hub for premium residential projects is Golf Course Extension Road. The area has premier lifestyle projects in both residential and commercial segments. A numbers of green-rated townships and group-housing projects have been planned on this long stretch directly connecting to the main Gurgaon-Sohna Road.

Golf Course Extension Road is the next destination for premium residential projects in Gurgaon. Besides being well connected, the area offers well-developed infrastructure with 84-metre-wide roads and 24-metre-wide by lanes, which corresponds to developments in the western countries. The area also offers excellent social infrastructure with shopping malls, commercial developments, hospitals, and educational institutions.

The main objective of projects being developed along Golf Course Extension Road by private developers is to create energy-efficient, water-efficient, comfortable, healthy, and environmentally-friendly buildings and homes.

Increasing demand for luxury units, coupled with challenges like insufficient demand, inflation and lack of funding are all likely to put pressure on housing prices in the region in the short to medium term.

However, the situation can be marginally improved if new projects are launched at affordable rates. Values of Projects across most of Delhi's micro markets underwent a marginal dip due to rising preferences for apartment units over builder floors in the region, besides cautious buyer sentiments, over the last few quarters.

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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).

Property in Gurgaon

Dwarka Expressway: Hub for Commercial Projects

Dwarka Expressway stretch could turn out to be the Hub for commercial projects once it’s completed.




Millions of commuters can soon actually enjoy the drive between the NCR and Millennium City Gurgaon, as around 14km of the 18km-long Dwarka Expressway is ready and, the rest is expected to be completed by next year. This is indeed good news for those who have booked flats here, as it a sure signal for prospective end users and investors as once the Dwarka expressway becomes operational, prices are likely to shoot up and go beyond the reach of many of the fence sitters.

Commercial projects surrounding the expressway are among the best for real estate investment given their proximity to the international airport, the proposed Metro station, railway station.

Today, Dwarka Expressway has emerged as a prime destination. Investor experts are bullish about this area and say that it is poised for phenomenal growth with the best names in the realty industry having launched commercial projects here. This is the right time to invest as prices here have stabilized and would only rise, exponentially, here on.

Apart from smooth connectivity, planned urbanization and infrastructural development along Dwarka Expressway makes the area a favored destination for investors. When operational, the Dwarka expressway will act as a new business channel between Delhi and Gurgaon.

Various commercial options are available at lesser price than most places in Gurgaon. Ansal is coming up with Ansal Hub in Sector 83 which has retail shops; AMB Group will be launching its project AMB Selfie Square with high street retail shops, food zone, clubbing zone, spa & fitness etc.  SS Group brings SS Omnia in sector 86 which have retail, office, restaurant space as well as studio apartments.

Today, commercial development is visible near Dwarka Expressway. This area has been booming with IT-ITeS sectors, corporate offices, shopping malls, studio apartments etc. This will ensure that this area has enough employment opportunities and “walk to work“is not a dream. Many industry watchers have already begun calling Dwarka Expressway the centre of Gurgaon!

Property in Gurgaon

Dwarka Expressway - Hub for Residential Projects

According to industry estimates, currently New Gurgaon & Dwarka Expressway collectively have over 45,000 residential units under construction, a majority of which are likely to be delivered between 2015 and 2018.

Dwarka Expressway’s residential market has been one of the prime activity centers for investors and home buyers, as its housing supply is keeping pace with demand.

A report says that Gurgaon is the second largest contributor to the NCR’s residential market supply after the developing twin cities of Noida-Greater Noida.

Experts estimate that the developing pockets of New Gurgaon contribute 24% of the units under construction in the Delhi NCR region and within Gurgaon the emerging destination of Dwarka Expressway is significantly contributing to this supply.

The attractiveness of the real estate hot spots has increased even more because these fulfill the rising residential demand within the region with better-quality properties.

The new sectors falling under these regions have progressed to become the signposts of rapid development and massive commercial growth in the last few years.

Property expert say that realty development along Dwarka Expressway is being acclaimed as the home of high-income group individuals, as even the affordable apartment can only be had in the range of around Rs 50-60 Lacs. Hence to secure potential customers, there has been a contest to set up commercial locations on the expressway to obtain most of the business leverage. Also, in light of such comprehensive facilities in the form of a wide range of commercial and institutional establishments, the demand for residential units in Dwarka Expressway, too, has gone up in recent years.

Established and renowned developers like SS Group, Ansal Housing, Vatika, BPTP etc, have already launched projects and commenced construction on Dwarka Expressway. NCR-based SS Group is developing a couple of projects on Dwarka Expressway. They are developing one ultra luxury residential project in Sector 83 & one commercial project in Sector 86 Gurgaon.

The project is strategically located at the intersection of NH-8 and Dwarka Expressway, in Sector 83 & 86 Gurgaon. Its connectivity will be further enhanced by a new ISBT terminal and a proposed Metro station in the vicinity.

GURGAON IS THE QUICK SECOND LARGEST CONTRIBUTOR TO THE NCR'S RESIDENTIAL MARKET SUPPLY AFTER THE DEVELOPING TWIN CITIES OF NOIDA-GREATER BITES NOIDA, WITH THE DEVELOPING POCKETS OF NEW GURGAON CONTRIBUTING 24% OF THE UNITS UNDER CONSTRUCTION IN THE DELHI NCR REGION.

Properties in Gurgaon

NEW GURGAON - INVESTOR'S PARADISE

New Gurgaon near Dwarka Expressway is an investor's paradise and analysts highly recommend projects in this area. 

According to the recent report, properties in as many as 30 sectors of Gurgaon have appreciated by more than 100% in the last four years. Development activities in New Gurgaon have given a new lease of life to the real estate activities in Gurgaon, after the merger of master plans of Gurgaon and Manesar.

At present, New Gurgaon is home to the highest number of professionals per sq km in the country and also has the third highest per capita income.

Top notch realty players and promoters like SS Group, Ansal API, Unitech, DLF, Vatika among others, were the pioneers in identifying Gurgaon as a strategic location and establishing it as the hub for residential and commercial projects.

The new sectors of New Gurgaon, including Golf Course Extension Road, NH-8, Dwarka Expressway & a proposed ISBT project is also going to see planned and effective civic infrastructure. Wider roads, less congestion, more open spaces, and easy commuting due to access to NH-8 and Dwarka Expressway are other advantages of investing in Gurgaon and its peripheral areas. All these factors promise good returns and make New Gurgaon an ideal destination for investment.

Over the years, new realty sectors of Gurgaon have seen vast improvement in infrastructure with the development of new roads and highways like Dwarka Expressway, NH 8 and better connectivity through the launch of Metro and Rapid Metro.

With the presence of over fifty listed companies in Fortune 500 and a large presence of almost all Indian blue-chip companies, Gurgaon is now the corporate capital of northern India.

As employment opportunities and industries grow in Gurgaon, many HNIs and investors are choosing to shift over there. This is evident from one of the recent reports which said that the maximum demand in Gurgaon was registered for units worth Rs 1 to 2 crore, closely followed by properties worth Rs 60 to 100 lakh for the quarter ending June 2014.

The New Gurgaon micro market is located towards the western periphery of Gurgaon. It is composed of Sectors 81, 81 A, 82, 82 A, 83, 84, 85, 86, 88, 89, 90, 91, 92, 93, 94, and 95 and promises to deliver over 26,000 residential units.

According to Gurgaon-Manesar Master Plan, 2031, New Gurgaon has been zoned primarily for residential development purposes. Most of the project launches took place between 2009 and 2012.

In the primary market, a number of premium projects were launched including The Leaf by SS Group in Sector 85, Ansal Hub by Ansal Housing in Sector 83, Burman GSC by Burman Group in Sectror 82A etc.

SS Group in New Gurgaon is set to change the skyline of the Millennium City, offering new avenues of growth development.  The group has diversified in Residential, Commercial projects with Brewery, Healthcare, Hospitality and Education.

New Gurgaon has grown and progressed beyond recognition over the last decade. It has Lofty skyscrapers and world-class townships define the skyline of the Delhi NCR's fastest growing satellite city.

A huge supply of quality residential & commercial real estate has helped the region grow fast, providing fresh minimum mass for the development of real estate in Gurgaon in the last couples of years.

New Gurgaon has nearly 48,000 units in the area, out of which over 3,100 apartments are getting ready for possession, with around 8,000 customers ready to move into SS Group City alone. SS Group is the largest developer in the region and is credited as the main driver of the development of Gurgaon. Its project, The Coralwood, is one of the most sought after projects in the New Gurgaon area. This gated township is located along with 85% green expanse. Located in close vicinity of the IGI airport, The Coralwood has the advantage of superb connectivity through the forthcoming Dwarka Gurgaon Expressway and NH8.

A host of new projects have been launched by SS Group in New Gurgaon along Dwarka Expressway & NH-8, connecting Gurgaon to Manesar.

Favoured by both budget-home as well as premium-home developers, some of the recent launches in the premium segment in and around SS Group’s the Coralwood include The Leaf, A Almeria etc. This has attracted high net worth buyers and investors who seek capital appreciation opportunities.

Properties in Gurgaon

Ready to move-in options in Gurgaon

Gurgaon is the second largest city in Haryana, situated near New Delhi. The city comes in NCR and has third largest per capita income in India. Once known as Guru Gram, the city today enjoys the title ‘Millennium city’.  It was in 1970’s when one of the manufacturer giant Maruti Suzuki entered the Gurgaon market and started its’ economic growth story.

Since then, there is no stopping and the city has seen rapid urbanization. Today companies like Canon, Google, IBM, Dell, India bulls, Converges, Microsoft, Accenture, Coco Cola, Nestle, Pepsi etc and many others which are around 250 Fortune companies, have their corporate offices in Gurgaon. The city has become synonym with luxury and classy lifestyle. It has something to offer to everyone, be it good fortune companies to work in, good schools and colleges to study in, 5/7 star hotels or great shopping hubs. Living in a city like this is a dream of many. The city has many relocates from South Delhi –which is well known as one of the most posh areas of the capital. People relocate here for jobs, better lifestyle and class.

The city is still developing and has many good builders are coming up with their projects in the city. Gurgaon has many upcoming commercial and residential projects, which would be launched around 2017. But, what when we talk about the ready to move options? Yes, there are many and that is what we are going to discuss today. If we talk about the Gurgaon Master Plan 2031, the city is divided into five zones. They are Dwarka Expressway, New Gurgaon, Gold Course Extension Road, Sohna Road and Gold Course Road. Out of these five zones, Golf Course Road and Sohna road offer good options for ready to move in.

On Golf Course road and MG Road, the minimum investment starts from 1.30 Crore. Under this budget one can get options in projects like Essel Towers and DLF Phase 5. Increasing your budget may get you many other good options as well. Golf Course road spells out class and has all the amenities of daily needs. Golf Course Road will be experiencing great development in the near future with signal free 16 lane road that will connect Shankar Chowk to Sector 56. At present, the road connects Gurgaon-Delhi Toll Gate to Sector 69(Ambedkar Chowk) in Gurgaon. One can find great properties from some of the Property giants of the country like DLF, Vipul, Bestech, Unitech to name a few.

Coming to other options, Sohna Road is the other one. One can find a good property in around 80 Lacs here. The area again is good to live in with the daily amenities at a hands distance. Under this budget one can go for Tulip Orange.  If this budget doesn't suit you then compromising a little with the amenities, you can find good option in around 70 Lacs on Gurgaon-Faridabad road. Projects here under this budget are Valley View Estate and Silver Oak Apartments.

For the people who can wait for some time and are looking for good options to invest in, it is advisable to go for the properties in the Original Booking in the Pre-launch stage. Some of the projects in this option are Pareena in Sector 68 close to Sohna Road, Ansal Highland Park in sector 103 on Dwarka Expressway to name a few. Else one can also go for Greater Gurgaon, which is another upcoming area near Gurgaon. Greater Gurgaon is attracting buyers and investors from all over the world. The area has projects from Shree Vardhman, Eldeco, CHD, Silverglades, Homestead, 1000 Trees from Geoworks; all on the main Sohna Road.

We hope this article was fruitful to you.

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Gurgaon’s 2031 Development Plan to shoot up the Realty Sector

The final Gurgaon-Manesar complex Development plan 2031 got approved. The plan brought mixed bag of reactions within the Realty sector. With little shortcomings, the plan in all is quite promising. With the final plan, Gurgaon and its satellite cities like Manesar, Dharuhera, Sohna etc are expected to go Northwards. This plan will bring a great buzz in both residential as well as commercial markets. Not to forget, the special economic zones (SEZs) will also get benefited by the upcoming residential projects.


The plan has projected population of 42.50 lakh and a total urbanisable area of 32988 hectares. This will bring great business opportunities for the realtors dealing in this region. Let us try to understand in brief, the plan and its effects.

What’s the Plan?

After the three trials in five years, this is the final Development Plan. The plan includes around 20 new sectors and estimates 12 new projects and 2 new townships. An area of about 50 hectares has been earmarked in sector-68B for providing housing to low and medium income group. An area measuring 215 hectares has been reserved for a University in sector-68 which shall also be exclusively set up by the Government or its agencies. Land measuring about 135 hectares has been designated as a Bio-Diversity Park. A 90 metres wide road has also been proposed in the Development Plan connecting the Development Plan of Gurgaon-Manesar Urban Complex up to Sohna.

This plan will bring development in the areas like Dwarka Expressway, Golf Course Extension Road, Faridabad, Nothern Peripheral Road (NPR), Manesar, Dharuhera and outskirts area like Kundli, Sonipat, Ballabhgarh, Palwal and more.

Not just this, development plan 2031 will make the millennium city grow till Dwarka.

The Effects:

Nothing in this world is perfectly right or perfectly wrong. Same goes with this plan, with few shortcomings the plan will bring a great development in Gurgaon and areas around.

If we talk about the development, it has already started. The Sohna road in Gurgaon has already started to emerge as an IT Hub.  This development will not only affect the satellites city but is said to reach till Bhiwadi. Bhiwadi is a residential hub at present and this will attract more industries to set up their offices/ factories in the areas nearby.

All this has made Realtors really happy. Gurgaon, in the coming months will experience a great boom in the Real Estate sector.  With all this there is a missing link as well. The government has allotted 250 hectares of land per person which will force the builders to develop larger units. This will ultimately make the units unaffordable for the potential customers.

But overall the plan is quite progressive and will surely boost the lost real estate trend.

Property in Gurgaon