Dwarka Expressway Completion to Boost Real Estate within the NCR

Dwarka Expressway Completion to Boost Real Estate within the NCR

August 9, 2018 in Dwarka Expressway, Gurgaon Investment, Investment

Conceptualized under the Gurugram Master Plan 2021, Dwarka Expressway or the Northern Peripheral Road (NPR) was initially planned to connect Dwarka in Delhi to Palam Vihar in Gurugram. However, it was further extended to the Kherki Daula toll plaza, intercepting NH-48, as per the Master Plan 2025.

Stretching along 18 km, this eight-lane and 150-metre-wide Expressway aims to provide seamless connectivity between Delhi, Gurugram and Manesar. The Expressway passes through sectors 109, 113, 37D, 88B, 105, 99 and many other sectors, which saw an upsurge in residential real estate activity since its announcement.
With land acquisition issues over the years, the residential real estate market along the region suffered a major setback. However, the recent clearance of all major hurdles here has given a new ray of hope to prospective buyers and investors focused on Dwarka Expressway’s many transit-oriented benefits.
The major attraction of Dwarka Expressway is its seamless connectivity between Gurugram and Delhi.

  •  Road: Sectors along Dwarka Expressway will enjoy excellent connectivity to Delhi and the international airport. It is well-connected to Gurugram Cybercity and other major office hubs via NH-48 and provides good connectivity to the Manesar industrial belt and Maruti Suzuki India Ltd, which is just half an hour’s drive away.
  •  Metro: The nearest metro station is Huda City Center, which is a 30-minute drive from Dwarka Expressway.
  •  Air: A fully-operational Dwarka Expressway, will reduce the travel time to Indira Gandhi International Airport. Currently, people who live in the sectors along the Dwarka Expressway, take 45 minutes to reach the airport via NH-48.

Despite all the odds over the last few years, prices have improved in the region. Dwarka Expressway saw a steady rise in capital values, at a CAGR of nearly four per cent, for the period from Q1 2015 to Q1 2018, which shows that the area has immense future potential. Once fully operational, Dwarka Expressway will be a harbinger of change for the NCR’s real estate market. The recent clearance of all land acquisition hurdles has rekindled hopes for the realty market here.
With the office space market in most areas in Gurugram saturated, Dwarka Expressway will emerge as one of the prominent destinations for IT/ITeS companies, as it will enjoy seamless connectivity with the international airport and other key office destinations in Gurugram. On the residential front too, there will be increased activity in the coming year, as a significant number of units are slated to be completed.
Moreover, with builders now concentrating heavily on project completion, buyers will have ample options across segments along the Dwarka Expressway. Increased commercial and residential activity, will eventually attract various social infrastructure facilities including hospitals, malls and entertainment centres.

Sources: housing.com

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