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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