Dwarka Expressway Gurgaon – A Promising Realty Markets in NCR
Feb16

Dwarka Expressway Gurgaon – A Promising Realty Markets in NCR

Dwarka Expressway Gurgaon is rapidly emerging as a potential Real Estate investment destination. In the recent years this region has taken up a notch to being one of the most promising destinations to invest in real estate. With the IT and Corporate sectors close by, it has given better values on return on investments (ROIs) on commercial properties. Dwarka Expressway Gurgaon offers lucrative offers to home buyers too with premium residential projects launching every week. Infrastructure You Can Count The varied price range promises residences for both luxury and mediocre buyers. The infrastructure in Dwarka has shown a tremendous improvement in the last few years with improved roads and connectivity, availability of schools, hospitals, and banks in proximity of the residential complexes and a plethora of entertainment options including malls and restaurants. With improved roads and public transport like the Metro Rail, people can easily commute between Gurgaon, Delhi, NOIDA, Ghaziabad and other NCRs. The Dwarka Expressway Gurgaon is a marvel of speedy development in the region. No wonder, buyers and investors alike are investing in properties here. Furthermore, the rising cost of the Dollars and the depreciating value of the Rupee have attracted several NRIs and foreign investors to grab a large chunk of residential and commercial properties in Gurgaon- Dwarka region. This has resulted in an exponential growth of the Realty market here. Present Scenario of Dwarka’s Realty Sector The Dwarka Expressway offers several perks. For instance, it shares proximity with the IGI Airport and has a Metro Station for easy commuting. Sector 106 along the Dwarka Expressway is rapidly emerging as an urban area, with robust social and civic infrastructure. It has a good collection of schools and hospitals, indicating that this region is adept for residential living. This sector offers cheaper land and property prices as compared to Gurgaon and yet offers premium quality living, with open green spaces and spacious apartments. The cost of a 2, 3 or 4 BHK apartment in Dwarka ranges between Rs. 45 Lakhs to 1 crore, which is comparatively lowers as compared to the soaring property rates in Gurgaon- the basic cost of a 1 BHK starting at Rs. 50 Lakhs. Also, the payment plans offered by builders are lucrative. The buyers need to pay 15% of the total property cost upfront when they book the apartment and they can pay the balance amount in easy installments which is spread over a span of 15-20 months. The posh area of Sector 106 includes the premium neighborhoods of Shanti Nagar and Vasant Vihar, which boast of all the modern amenities and facilities that is needed for good and healthy living. One...

Read More
Dwarka Expressway: New Destination for Realty Investors
Jan08

Dwarka Expressway: New Destination for Realty Investors

The traditional favorite markets for real estate investment in Delhi NCR is still alive and kicking, as is clear from the interest of the builders, investors, and the buyers in these micro markets. According to industry reports, NOIDA-Greater NOIDA and Gurgaon have been giving consistent returns for previous 20 years and have remained growth engines for realty development in Delhi NCR. In Gurgaon sub micro-markets consisting of Dwarka Expressway, Sohna Road, and Sectors along NH 8 from Sector 76 to Sector and 95 are particularly the emerging hubs for real estate. The reasons for this being, Slew of upcoming infrastructural projects Large developable land availability Comparative low property prices Dwarka Expressway Dwarka – Gurgaon Expressway or the North Peripheral Road (NPR) is a project under the Haryana Urban Development Authority (HUDA). This new link is to connect Dwarka to Gurgaon via 150 m wide, 8-lane Expressway, which starts in Dwarka, Delhi and connects Gurgaon’s Palam Vihar to join NH8. The aim behind this massive development project is to ease the traffic on Delhi-Jaipur Highway. Out of the overall 18 km stretch, almost 15 km is near completion with first 14 km ready for use. As the last of the lingering bottlenecks to the development already clear, the authorities are hopeful to complete the rest by 2015. This is the widest ever State Government project at 150 meters, which connects National Highway 8 on Kherki Daula, going on to Dwarka. Of the total land area, 630 acres required for overall project development, the government has already acquired 600 acres with the acquirement of the rest in the offing. Traditionally, responsibility of major road construction lies with the government. However, in this case, developers under Credai-NCR umbrella are every step of the way with State Government for speeding up construction. Why is it the hotbed for real estate activities? First, the Dwarka Expressway is going to improve the connectivity between Delhi and Gurgaon significantly. Second, it offers a faster access to the Indira Gandhi International airport than ever before. Also, it boasts of proximity to the railway station, proposed Metro Corridor, and upcoming diplomatic enclave at Dwarka. In tandem with this development, people can expect better infrastructural growth and real estate options at affordable prices. That’s where the main interest of the investors lies. Sectors along this Expressway are going to be perfectly planned, contemporary and premium urban areas as per Master Plan-2021, Gurgaon. These are to be posh developments, posing strong competition to well-developed areas like Vasant Vihar and Shanti Niketan and by all indications lifestyles here will surely surpass ordinary! The expressway has opened avenues for urban and commercial...

Read More
Realty Players Coming Up With Key Suggestions for Dwarka Expressway
Sep26

Realty Players Coming Up With Key Suggestions for Dwarka Expressway

Dwarka Expressway, also known Northern Peripheral Road (NPR), is a project undertaken by the Haryana Urban Development Authority (HUDA), to ease traffic congestion on the operational Delhi-Gurgaon Expressway. The NPR is an 18km stretch, and so far, 15km has been completed. The construction is in full swing, and this Expressway is expected to be completed by early 2015. With the progress of Dwarka Expressway, this region is constantly experiencing a boost in commercial and residential development. With a rapid increase in multi-national companies and top Indian conglomerates operating from Gurgaon, and the shortage of affordable housing in Delhi and Gurgaon, the Dwarka Expressway has emerged as a potential alternative for end users and investors. Its proximity to Gurgaon has further raised a huge demand for quality residences in the region of Dwarka Expressway. Today, over 33,000 residential spaces, with sales value worth INR 8,000 crore, are under construction in different sectors, along the NPR. Although the construction of roads and other civic amenities on Dwarka Expressway is the responsibility of Haryana government, however, real estate developers under the leadership of Credai-NCR have shook hands with the state government to accelerate the construction of this important infrastructural project. Properties near expressways have seen a tremendous response, over the last several years, and Dwarka Expressway is no different. Major Real Estate players are developing both residential and commercial projects here. Some of the prominent names include Emaar MGF, Antriksh Godrej Properties, CHD Developers, Assotech Ltd., ATS, Ansal Housing, Sobha Developers, Raheja Developers and Chintels Group. It is not surprising to see that prices in Dwarka-Gurgaon Expressway region have almost tripled, from INR 2,250 per sq ft to INR 6,250 per sq ft in the recent months. So, Why the Hullabaloo? Dwarka-Gurgaon Expressway is an 18km-long freeway that will grant a faster access to the IGI Airport in Delhi and effortless accessibility to NH-8. Furthermore, the NPR will have a new diplomatic enclave, right at the juncture of the current Delhi- Dwarka Metro corridor. Furthermore, this expressway will soon offer good local connectivity, when an eight-lane emerging from Dwarka and connecting Palam Vihar will make commuting easier and faster. This new link will reduce the traffic congestion on NH-8, Old Delhi road and MG road in Gurgaon. With improved connectivity Gurgaon is witnessing a slew of realty development, especially in the region of Dwarka Expressway. Rea Estate Scenario Here As per the Industry Experts, the residential projects in sectors 103-106 and 109-113 of Dwarka Expressway will witness an appreciation of property process by 108% over the next five years. Since 2007, 18,649 housing units have been launched along the NPR. The residential...

Read More
Dwarka Expressway Pros & Cons
Jun30

Dwarka Expressway Pros & Cons

A part of Master plan 2021, Super Dwarka Expressway is aimed to cut down travel time between Delhi and Haryana. It is surely an ambitious plan covering the route between Dwarka’s RTR crossing and Kherki Daula village on NH-8. Dwarka residents finding it hard to travel to Manesar or beyond now will be able to save time crossing this wide detour once the project completes. Undertaken by Gurgaon and Delhi Administrations the Expressway when fully completed is going to be a brilliant sight indeed. It is going to have a total run of 18 km with lush stretch of greenery on both the sides. Of the total length, 2/3rd will go through the Gurgaon suburban area while the rest 1/3rd is within Delhi. For the construction of this Expressway, the government needs approximately 630 acres of land, out of which 600 acres are already available. It will contain high-speed eight-lane corridor having 2-4 service lanes on both its sides. The Expressway will go through a variety of different places including,  Dwarka  Palam Vihar  Gurgaon rail station  Dryport, Harsaru  Special Economic Zone (SEZ) With so many features associated with the Expressway it is natural that the benefits associated with the project will be too many to count. One of the main sectors to gain advantage from the growth is of course real estate industry. Numerous projects coming from both new and established developers for construction of 33,000+ houses with sale value of approximately 8,000 crore is in the offing in various sectors along the Expressway. Many more are going to come up in the coming times with buyers already booking their properties well ahead of time. The heightened interests and expectations related to the area are mostly because of the connectivity benefits associated with the Dwarka Expressway. However, it is important to note that as with any grand scale project, Dwarka Expressway and the related developments has both upsides and downsides associated with it. Knowing about the pros and cons of this project will surely help you in making better decisions, whatever the kind of investment you may be interested. Here’s a closer look, just for your benefit. Dwarka Expressway Pros People are considering Dwarka Expressway the natural extension after Sohna Road and MG Road, the future of real estate development. There is no doubt regarding the fact that it is going to be the lifeline of some of the major projects related to Gurgaon – Manesar area. Another major advantage for developers and buyers alike is the Metrorail Phase 3 connecting IGI airport to different townships, which includes Dwarka. The Metrorail project takes up the link route between Dwarka...

Read More