More on Dwarka - Gurgaon Link Expressway or Dwarka Expressway

Dwarka Expressway, Dwarka-Gurgaon Link Expressway, Dwarka-Manesar Expressway, Northern Peripheral Expressway (NPR) ; all these seem different but are the name of the same much awaited project, which will give a new shape to infrastructure in Gurgaon.

No need to say what Dwarka Expressway mean to Gurgaon, the residents, the investors as well as the Realty Market. Everyone is waiting for this project.....

Come lets see, what Times of India, one of the leading newspapers of India has to say about it....

READER FRIENDLY VERSION OF THE ABOVE ARTICLE

Dwarka-Gurgaon link expressway (Northern Peripheral Road or NPR), which is under construction, has becomes the talk of the town. The 150-metre-wide and 18km-long expressway is likely to be completed within 18 months, by October 2012. Indiabulls has bagged the contract for this project costing Rs 43.32 crore. 

 
    The NPR has become an USP for over two dozen builders, who have projects lined up on the stretch. The shift to NPR is solely because it will provide faster access to the airport; it will connect close to the 100m-wide road proposed in the new master plan; it will reach Delhi near Dwarka Phase II (which will house the proposed diplomatic enclave) and the current Metro corridor, which will run parallel to the road. 

 
    The expressway starts from Dwarka and crosses Bijwasan, New Palam Vihar, and Kherki Daula and finally joins NH-8. The areas that are going to reap rich dividends are Sectors 99-113 and Sectors 83 and 84. There will be a commercial belt touching Sectors 105, 106, 109, 110, 110A, 111, 112 and 113 with Sectors 100 and 101 being for public utilities. And then Sectors 114 and 88 are fully commercial. Other residential sectors that are a little far away from the expressway but will benefit from it are 81-86, 89-93 and 95. 
 
    The developers in these sectors are Emaar MGF (107, 102, 103, 99, 82, 84), Sobha Developers (Babupur and Bajghera), Puri Construction (Chauma), BPTP (99, 102, 104, 113 and other sectors), Raheja (Pawla), Uppal Housing (99), Mahindra Lifespaces (110A) and Bestech (81, 82, 92), Vatika (82, 83), Earth Infrastructures (112). SARE launched Green ParC Phase III of their Crescent ParC in sector 92. 
 
    Vikas Gupta, director of Earth Infrastructure, says: "Sectors near the expressway are expected to become posh areas as this road will meet Diplomatic Enclave 2 in Dwarka. We can say that this area will become second to areas such as Shantiniketan and Vasant Vihar." The firm has recently launched a residential project, Earth Copia, in Sector 112. 
 
    "This area will get a boost by the expressway. Another good aspect for this area can be a proposal by the authorities to let developers do the sector roads. Though nothing has been finalized on this aspect, if this were to come about, then completion of sector roads will not be a problem here," says Vineet Relia, the chief executive officer of SARE India. 
 
    Navin M Raheja, the managing director of Raheja Group, says: "Sectors 81, 82, 85, 86, 90, 91, 92, 93 and 95 are around 3km from this expressway and buyers investing in these areas will be able to avoid traffic snarls at Gurgaon toll point during peak hours. For New Gurgaon, the government is planning of allow developers build sector roads." 
 
    "Government authorities in Gurgaon should choose from other best practices and aim at providing infrastructure at and around the Northern Peripheral Road before large-scale development takes place. This includes sector roads, water and sewerage mains, electric sub-stations etc. The biggest risk for any buyer in this area is potential delay in construction of the NPR which would further delay development in this area," said Vivek Dahiya, founder and CEO of Gen-Real Property Advisers (P) Ltd. 
 
    Navin says that the appreciation of property prices will be good near this area. A real estate analyst says: "Let us take the case of Mahindra Lifespaces which sold Mahindra Aura last year at Rs 2,275 per sq ft and now, when they launched Phase II of the project, the price was Rs 3,175 psf. This in itself shows the kind of appreciation the place has seen and also the rise in price property will witness here. It is believed that after the completion of this expressway, prices might touch Rs 5,000 psf mark." 
 
    Vijay Gupta, the managing director of Orris Infrastructure, says: "The proximity of these areas to Dwarka-Gurgaon link expressway will help the residents here bypass the traffic at Gurgaon toll near Delhi during peak hours. We are coming up with projects on more than 1,200 acres of the land bank located in these prime developing sectors." 
 

New Gurgaon booming with opportunities 

 
    V Square Development Company recently launched a commercial project, 114 Avenue, strategically located at a prime location in Sector 114 (Dwarka-Gurgaon expressway). Vivek Seth, the managing director of the firm, says: "Gurgaon has become one of the top destinations for residential and commercial purposes owing to its world-class infrastructure and amenities, connectivity with neighboring states and also because of the close proximity to IGI airport. Metro rail connectivity to Delhi is a lifeline." 
    

Rakesh Yadav, the managing director of Antriksh Group, says that newly developing areas like the Sectors 80 to 93 in Gurgaon are an ideal showcase of the development in the region as lots of construction works are taking place here as it becomes a residential and commercial hub. 
 

    These sectors are also attracting attention as they are connected to major Industrial zones like Manesar, which houses leading industrial units like Honda, Maruti, etc. 

QUICK BITES  

THE EXPRESSWAY STARTS FROM DWARKA AND CROSSES BIJWASAN, NEW PALAM VIHAR, AND KHERKI DAULA AND FINALLY JOINS NH-8. THE AREAS THAT ARE GOING TO REAP RICH DIVIDENDS ARE SECTORS 99-113 AND SECTORS 83 AND 84 THERE WILL BE A COMMERCIAL BELT TOUCHING SECTORS 105, 106, 109, 110, 110A, 111, 112 AND 113 WITH SECTORS 100 AND 101 BEING FOR PUBLIC UTILITIES. AND THEN, SECTORS 114 AND 88 ARE FULLY COMMERCIAL

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REAL ESTATE - STILL THE BEST INVESTMENT DECISION, EVEN IN GLOBAL SLOWDOWN

Even during the current slowdown in the global economy, investing in real estate will continue to provide positive net return, which is higher than inflation in the medium and long term. Despite the global economic slowdown, demand for the housing sector will remain strong in the country. The global economic slowdown will have a positive or negative impact on Indian real estate sector. CEO of Global Realty CB Richard Ellis, said that as a whole, because the domestic market driven by demand, the recent developments in the international level will offer good opportunities for buyers to fulfill their aspirations of owning a house.

Despite the marginal slowdown in the Indian economy, which is expected to grow at a healthy rate of 7.5%, which not only reduce the impact of the global slowdown but also make it a destination of investment attractions in the world, along with China.
Anuj Puri, Chairman and Country Head of Jones Lang LaSalle India, says midincome residential real estate investment makes sense. Therefore, for long-term investors, residential real estate is a very lucrative proposal. However, Puri advises investors to keep plugging money into projects that are in the early stages of completion, as these can be fraught with delays now.
If you are looking for best investment decisions with healthy returns, its good to invest with the upcoming projects.
Anurag Mathur, executive director of Cushman and Wakefield, India, also says that the Indian real estate market may be affected, but to a lesser extent. The economy, though closely connected to global developments, is tough. 

Recently, Standard and Poor downgraded the sovereign credit of the U.S. by one notch to AA +. There is no fear that the development adversely affects the economy of India. However, the reduction in the U.S. economy AA + indicates no imminent default by the country in fulfilling its obligations in the near future, but it certainly points to a slowing economy. Besides the U.S., other developed countries in the euro area are also facing a slowing economy. This will affect the export of IT services in India, which contributes to the demand for residential real estate and office in the country.

Anuj Puri said that recent events in the USA and Europe could impact Indian IT companies, and therefore global demand for specific IT office space. IT office space can not therefore be very lucrative for short and medium term investors. However, other offices of segments that are still good in the long term.

But at the same time, there is a section of banking and industry experts who believes that outsourcing activities increase as the profitability of companies in the developed world will be under stress due to the slowdown in their economies.
Economic slowdown coupled with the relative lack of funds may force developers to fund the debt to sell their projects to reduce its debt. Many of these developers have paid a huge cost over 18% to meet their immediate needs. This, he said Puri, can lead to a fall in residential prices in cities like Mumbai.

At the same time, many experts believe that the flow of funds into India during the global slowdown will not be affected this time as it did in 2008 and 2009 due to the banking crisis. Mathur argues that the dilemma for the providers of capital to either preserve capital in the wake of continued economic uncertainty or to deploy in markets that are showing growth potential. The global economic strain put more pressure on developing economies to provide cushioning, says. As a result, global capital can seek refuge in these economies, a means of investment quality are available and political and economic obstacles are not discouraging.

The global slowdown may also bring positive things for India. With the slowdown, demand for commodities such as crude oil and metals fall resulting in a fall in prices. This will help contain inflation and may offer some relief to the economic slowdown in India. This also may prompt RBI not to raise interest rates, which are adversely affecting real estate.

However, decreasing the avenues of investment can provide the impetus to real estate. For this to happen, some other factors such as investor appetite will be aroused again. Remains to be seen whether this can lead to real investment and the consequent growth for the sector.

According to Morgan Stanley if the global slowdown will bring economic growth of developed countries by one percentage point, the Indian economy will clock between 6.5% and 7% growth in 2011-12, compared with the initial estimate of 7.8%. 

However, even in the worst cases, India's economy will grow around 7%. To satisfy even 7% growth, fresh demands for real estate will be there. However, there may be some excess for some time as an oversupply in certain markets. But in the medium and long term, investment in real estate will continue to provide positive net return that exceeds inflation. 

So, in brief, once again….

Despite the marginal slowdown in India's economy is expected to grow at a healthy rate of 7. 5%, which not only reduce the impact of the global slowdown but also make it one of the most attractive investment destinations in the world along with China.

(Source of Information - Web world and Research)

Alok Upadhayay

Manager - Marketing
Mobile     :  +91 9811845382   

Landline  : +91 11 – 28041249

Email      : alok@cresolutions.in 

Website  : www.dwarkaexpresswayprojects.com