Dwarka Manesar Expressway a Boon

You must have heard much more about Dwarka Expresssway, its benefits and all from various people as well as realtors about investing in projects on it. Come lets see, what media says about it... Here is a report from one of the leading newspapers of India -

Projects on Expressway, Best to make an Investment

With the living space becoming scare in the metro cities, several  housing projects are coming up along expressways. Construction of residential units along the southern peripheral roads, the Noida-Greater Noida Expressway, the Faridabad-Noida-Ghaziabad Road and the most preferred location DWARKA Expressway is in full swing.  Residential projects along expressways  are  always very attractive to developers due to the linkage, connectivity and infrastructure benefits they provide over the main city area. Their impact on real estate prices, too, is immense. 

Projects located along or close to a highway usually see a run-up in prices in the range of 10-15%. Typically the value of a residential project along a highway pays off within 7-10 years. Any investment made in real estate along expressways means mid- to long-term play for both end-users as well as builders, For prices to appreciate tangible progress should be visible on the stretch. Real estate experts point out that property prices usually increase by 5-7% once the construction of the highway or expressway begins and by 10-15% on its completion. Though prices continue to rise as work on the project progresses.  The rate of price growth depends on how quickly the highway and the developer’s project are completed, not to mention the overall real estate sentiment. It is a typical case of infrastructure development influencing real estate growth.
In New Gurgaon, focus is on increasing residential space, green areas. commercial space, enhancing the quantum of industrial land and improving connectivity with Delhi. The new suburb, named so to distinguish between planned areas in Gurgaon under the previous Master Plan and the new areas that have been included in the new Guraon-Manesar  Master Plan 2021, comprises over 50 new sectors and has exclusive residential and commercial zones. It is located close to Dwarka and the Indira Gandhi International Airport. Both the northern and southern Peripheral roads are expected to decongest traffic on NH-8.
One can easily expect a 30% run-up in prices in the next 12 months along the NPR stretch for a decent location, developer and real progress on the site. Once work on these road linkages and projects nears completion, it is sure to see a conservative appreciation of 10-15% in these areas, says market experts.

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Upcoming Dwarka Expressway a Boon for Residents as Well as Paradise for Investors

If we go with the words of  Delhi development Authority DDA planning departments , the upcoming Dwarka-Manesar Expressway will solve the traffic problems of the residents of Dwarka and other nearby west Delhi colonies. This is the constant refrain of DDA planners whenever faced with queries relating to poor approachability to Dwarka. Similar views were made by them in a recent interaction with the public organized by a resident body in Dwarka.

Though work on proposed 18 km long and 150 in wide expressway is still to start, the Officials involved are positive. “The Dwarka-Manesar Expressway is one of the main projects which is going to create a new approach to dwarka and solve a lot of existing problems, related to the approach to NH-8 from Dwarka. Work on the Dwarka side of the project will start soon.”

"Dwarka Expressway is definitely going to be a faster way to reach to Dwarka from NH-8, it was the need of the time." says Mr. Vishal Srivastava, Director of well known real estate consulting firm based in Dwarka Sec-19.

On the Dwarka side the proposed expressway will start from near Sector 21, passing next to the proposed ISBT in Dwarka. Before entering into Haryana near Nanakheri Village, it will also pass through phase 2 of Dwarka, including Sector 26, 27 and 28.

In Gurgaon, Sector 111, will be the very first sector on this Expressway. Tashee Group is coming with its project with the name of Capital Gateway in this sector. "Being the 1st sector on expressway makes Capital Gateway closest to the Capital City. It’s the major reason, why investors are more interested in Tashee- Capital Gateway." says Mr. Dinesh Sachdeva Director of CRE solutions.

Continuing through Sectors 113, 103, 102,, 37D and 88 of Gurgaon, the expressway will hit NH-8, near sec.76 of Gurgaon. It is expected to be completed in next 3 years. Officially it has been confirmed that HUDA(Haryana Urban Development Authority) will take care of the construction of Dwarka-Manesar expressway in Gurgaon and DDA will build the portion in Delhi.

The upcoming 150m wide Expressway and the sectors along with it has become the hub of so many reputed real estate developers of India and abroad. With the liberalization of Indian Govt, towards FDI in Real Estate, some well known foreign Real Estate companies like, TASHEE & VERDE, SPIRE etc. are showing their interest in upcoming projects along with  Dwarka Expressway. We can easily find out a number of residential and commercial projects in different stages of completion in these sectors near expressway. 

By - Alok Upadhayay
Manager - Marketing

 For more details please contact

Alok Upadhayay 

 

Mobile      : +91 9811845382
Email        :  alok@cresolutions.in
Website   :   www.dwarkaexpresswayprojects.com