April 27, 2024 |
Real Estate Stakeholders Bullish on Dwarka Expressway, Other Realty Hotspots in Delhi NCR Amid Renewed Vigour in Sales
The opening of the Dwarka Expressway by Prime Minister Narendra Modi is a turning point for the region’s real estate development and prospects. Coupled with the Haryana government’s ambitious plans to catalyse residential and commercial realty development along this road, the Dwarka Expressway has all the elements to emerge as one of NCR’s most happening real estate hubs.
National Capital Region (NCR) is witnessing unprecedented growth and development. Southern Peripheral Road, Dwarka Expressway and New Gurugram are among the hotspots that have gained prominence for their unique features and investment potential.
Southern Peripheral Road (SPR)
Southern Peripheral Road, popularly known as SPR, has emerged as Gurugram’s popular sub-city, both for self-owned property buyers and for those looking for high return investment options in realty. The reason for its increasing prominence is not difficult to understand. As properties started getting scarce in Gurugram, it led to an increase in price that was beyond an average person’s budget, and the real estate developers moved towards the outer periphery of Gurugram.
“SPR stands out as a promising micro-market in Gurugram and a meticulously planned real estate enclave with well-established infrastructure. Renowned for delivering a high return on investment, it is an appealing choice for investors seeking long-term gains in Gurugram’s ever-expanding real estate market,” said Ashwani Kumar of Pyramid Infratech.
“Proximity to Gurugram’s IT parks, MNCs, and other infrastructural benefits, which residents of SPR can avail of at a much lower price, is another factor. Moreover, industrial areas and business districts like Udyog Vihar and Cyber City can be reached within an hour. The presence of reputed educational institutions, hospitals, shopping areas, and so on has also enhanced the ease of living in the region.” noted Gurpal Singh Chawla, Managing Director, TREVOC.
Dwarka Expressway: Unprecedented Growth
The opening of the Dwarka Expressway by Prime Minister Narendra Modi is a turning point for the region’s real estate development and prospects. Coupled with the Haryana government’s ambitious plans to catalyse residential and commercial realty development along this road, the Dwarka Expressway has all the elements to emerge as one of NCR’s most happening real estate hubs. It is close to Gurugram, within an easy drive from the Indira Gandhi International Airport and with plans to align with the proposed Delhi-Jaipur Super Expressway, the present and future potential is enormous.
Dwarka Expressway has undergone remarkable development, driven by its proximity to the Delhi-Mumbai Expressway and the Haryana Government’s ambitious Global City Project. The introduction of Transit Oriented Development (TOD) linked Floor Area Ratio (FAR) has further transformed the region’s urban fabric. Sectors along Dwarka Expressway promise high ROI.
“The Dwarka Expressway has firmly established itself as a prime realty destination, drawing substantial private and public investments. Aligned with the Haryana government’s vision for a residential and commercial hub across 1,003 acres, which could be the first Global City of North India under HSIIDC, a significant portion along the eight-lane Dwarka Expressway, the proposed inauguration of the Gurugram segment promises a substantial boost to residential properties in the area followed by entire city ,” said Sachin Gawri, Founder & CEO, Rise Infraventures.
“Dwarka Expressway has been one of NCR’s lucrative real estate hubs. Those who had invested in its initial potential are reaping rich returns. Now that a major part of the Expressway has been opened to the public by PM Modi, the price appreciation graph will only be steep.” Mohit Goel, MD, Omaxe Group.
New Gurugram
New Gurugram, situated strategically between Gurugram and Manesar, is a fast emerging suburb offering a perfect blend of modernity, connectivity, and affordability, making it an ideal destination for investors and homebuyers. The region’s highlight is its seamless connectivity via three major highways—NH48, Kundli–Manesar–Palwal Expressway, and Dwarka-Gurgaon Expressway as well as closeness to international airport. Upcoming infrastructural enhancements include a new ISBT at the NH-8 junction with Dwarka Expressway and a proliferation of planned residential and commercial developments.
“While offering a diverse range of residential properties across various price points, New Gurugram is poised for substantial growth. From luxury high-rise apartments to sprawling gated communities, the city caters to the preferences of a wide spectrum of homebuyers as well as those looking for commercial projects. The growing proliferation of mixed-use developments adds value to investments, yielding higher ROI,” articulated Anish Nanda, Head – Sales, Orris Group.
Source : Times Now News
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