Experts say Dwarka Expressway will
become one of the hottest real estate market of the
NCR as connectivity is a key factor in the success of any locality.
Construction of the Dwarka
Expressway project is on full swing and its expected
to be completed within 6 months. More than 35,000 homes with an approximate
sale value of more then Rs 8,000 crores
are under-construction along different sectors of Dwarka-Gurgaon
Expressway. Out of this, around 30,000 homes will be ready for possession in
the next 1 and a half year.
Expressway is now registering a huge property development with developers
taking advantage of the planned infrastructural development in and around the
developing sectors along this stretch.
Due to its close proximity
to the Indira
Airport, the Delhi Aerocity Metro station, and the upcoming Diplomatic Enclave
in Dwarka, the Dwarka
Expressway area is expected to follow the same growth cycle as premium Gurgaon locations like Golf Course Extension Road and NH-8 area.
With the increasing number of MNC corporates
operating out of Gurgaon, alongwith
the very limited availability of middle segment residences in Gurgaon and Delhi,
Dwarka Expressway is emerging as an
very attractive alternative for investors as well as end users.
A number of top realty
players like Godrej Properties, Tata
Housing, BPTP, Raheja Developers, Ansal
Housing, ATS, Vatika, Puri
Construction, CHD Developers, Assotech Ltd, Adani, Sobha Developers, Chintels Group, Micortek Infrasturctures Pvt Ltd, Spaze, Satya Group, Paras, etc, are developing projects along this stretch of Dwarka Expressway.
Why Dwarka Gurgaon Expressway
The completion of Dwarka-Gurgaon Expressway will definitely give a huge boost
to the prospects of the realty sector in this area, as properties that come up
near highways or expressways get a tremendous response from investors. We hope
that the Dwarka Expressway will be completed on time
as developers plan projects according to a specified time schedule and
delivering them to the customers should be their top priority. They are also
putting tremendous effort in developing infrastructure in and around the
complexes and townships.
Expressway is one of the most important road in the
region. Work on the project is on at a fast pace in the last 1 year. The
completion has been delayed due to court hearings on some pieces of land. Other
than those land parcels, a six-eight lane black-top road has been built. It is
also true that delay in completion has caused problems for customers and
developers, as the promised connectivity is yet to come up.
Work on and near Dwarka Expressway is moving in the right direction. Like
any other big-ticket infrastructure project, it also faced some delays, but
thanks to the efforts of all the stakeholders, it has picked up momentum
lately. In the near future, property market around Dwarka
Expressway or New Gurgaon will become premium
projects and the future growth
Group has 500 acres of land bank on Dwarka
Expressway. The group plans to systematically develop the area by building
townships, IT park, group-housing projects, retail,
commercial, and hospitality projects, and a professional campus. They have named
this Chintels Metropolis; this 153 acre umbrella
development has projects like International
City by Sobha Developers and Chintels Paradiso, a group-housing project on 12.3 acres in Sector
106, 108, and 109. Puri Constructions is developing 2
high-end luxurious projects, Diplomatic Greens and Emerald Bay,
in Sector 104 and Sectors 110-111, respectively. Diplomatic Greens is a 20 acre
residential, gated property that's part of an 82 acre master plan of mixed
development inclusive of retail, hospitality, and commercial spaces. The
property's upscale units comprise 15% ground coverage with up to 85% being
green landscaped area.
Diplomatic Greens is an iconic property on Dwarka Expressway. This stretch at a width of 150 metres is double the width of NH-8. This will make
commuting between South Delhi and Gurgaon a whole lot easier. The Northern Peripheral Road
(NPR) starts from Dwarka connecting the new growth
centers of Delhi,
Gurgaon, and Palam Vihar, while joining NH-8 near Kherki
it is developing as a hot real estate hub and will offer luxurious, high-end as
well as middle-class housing."
ATS Group has ATS Kocoon and ATS Tourmaline in Sector 109. The group launched
ATS Marigold in Sector 89A, which offers 2-, 3- and 4BHK luxury apartments with
a floor area of nearly 1,700-2,500 sq ft. ATS Tourmaline offers 3 and 4BHK
Apartments of 1,800-2600 sq ft.
The new residential projects
are highly affordable and have been meticulously designed in well-planned
developing sectors along Dwarka Expressway. NPR has
become one of the hottest realty spot for real estate development.
Group has 3 group housing projects, Raheja Shilas, Raheja Vedaanta and Raheja Atharva in Sector 109; these projects offer 3 and 4 BHK
luxury apartments in different sizes. Assotech Ltd is
developing an ultra luxurious villas and group housing project, Assotech Blith, in Sector 99 on Dwarka-Gurgaon Expressway. Satya
Group has The Hermitage, a residential group housing project, located in Sector
103 on Dwarka Expressway. Hermitage is over 10.2
acres and caters to the luxury segment; its major USP is connectivity.
Return on Investment
Residential property of Dwarka Expressway, especially in areas like Sectors
103-106, 109 to 113, is estimated to appreciate by 108% over the next 5 years.
Nearly 18,649 residential units were launched along here since 2007.
Fast connectivity and
proximity to the proposed Diplomatic Enclave coming up in Dwarka
will significantly benefit Dwarka Expressway, placing
it very high on the investment-return scale. Projects that were quoting at Rs 2,500 per sq ft in 2010 are quoting at Rs 5,000 to 7,500 per sq ft now, for multistory residential
units. NRIs are showing interest in this area owing
to the handsome appreciation of property here, especially in property projects
in developing areas like Sectors 99, 99A, 104, 106, 108, 109, 110, 111, etc
along Dwarka-Gurgaon Expressway. This area has also
emerged as a prominent destination for IT-ITeS
outsourcing and off-shoring hubs with 22.3 million sq ft of new office supply
expected by 2017 and about 48 million sq ft of office space stock to be added
of Dwarka Expressway
Expressway is also known as NPR ( Northern Peripheral Road ), it is
a project of the HUDA the Haryana Urban Development
Authority. This is expected to ease the huge traffic rush on the currently
operational Delhi-Gurgaon Expressway (Delhi-Jaipur Highway).
Out of the total 18km length, laying of roads of
nearly 13km-length has been completed.
Expressway is the state government's widest expressway project at 150 meters, it connects NH-8 at Kherki
Daula to Dwarka. It is
expected that the project will be completed at very fast pace as 600 acres from
a total of 630 acres earmarked for the project have already been acquired.
The problem of high-tension
power lines was also sorted out between Huda and the
power company with all the high tension power lines being shifted underground. Now
HUDA is concentrating on legal issues and most of these have been resolved and
the work of removal of illegal structures is currently going on at different
Traditionally, major road
projects were the prerogative of the government; however, the developers (under
the umbrella of CREDAI, NCR) working on NPR have joined hands with the
government authorities, and the results are telling. There has been tremendous
progress on this road from Delhi
till NH-8. People who have invested in real estate projects on this stretch can
now rest easy, as the road is now a certainty, and it will change the market
scenario of this region to a great extent. Government authorities have already
started feasibility reports for 4 new flyovers, which have been planned at the
intersections of the Pataudi Road near Sector 88, Farrukhnagar Road
near Sectors 100 and 101, Daulatabad Road near Sectors
104 and 105, and another road crossing Dwarka
Expressway near Sectors 110A and 111 at Bazgera. HUDA
will get this report within a month.
WITH ITS CLOSE PROXIMITY TO
THE IGI AIRPORT,
AEROCITY METRO STATION, AND THE UPCOMING DIPLOMATIC ENCLAVE IN DWARKA, THE
DWARKA-GURGAON EXPRESSWAY AREA IS EXPECTED TO FOLLOW THE SAME GROWTH CURVE AS
PREMIUM GURGAON LOCATIONS LIKE
GOLF COURSE EXTENSION ROAD AND NH-8. WE SUGGEST
YOU TO BUY YOUR PROPERTY AS SOON AS POSSIBLE.
FOR ASSISTANCE IN BOOKING/BUYING THE BEST
PROPERTY, PLEASE EMAIL US AT INFO@DWARKA-EXPRESSWAY.COM