[kkstarratings]While buying a property today, the connectivity to the property is a major deciding factor in addition to the availability of good infrastructure and basic facilities in the vicinity of the property. Also, road connectivity has a massive impact on real estate development and prices With all these things, i.e. road connectivity, upcoming infrastructure and basic facilities, Dwarka Expressway is poised to become the centre of Gurgaon. Real Estate market on Dwarka-Gurgaon Expressway has become a significant real estate investment destination owing to its vast potential for robust growth and expansion in coming years as it provides a perfect blend of strategic location, world-class amenities, varied residential and commercial options and easy accessibility via infrastructure development in this area.
Dwarka Expressway will be a boon to commuters traveling from Delhi to Gurgaon and Manesar. In the current scenario when NH-8 has witnessed higher-than-expected traffic volume growth It will be committed to provide a congestion free travel. The real estate development in the area has seen an upsurge due to its proximity to Delhi and connectivity with Gurgaon and Manesar. The infrastructural development in and around the area has worked as icing on cake in its growth. Real Estate Market over Dwarka Expressway is likely to evolve into a seamlessly connected real estate destination.
Once it will be operational, it will provide faster access to the airport; connect close to the 100-metre-wide road proposed in the new Gurgaon Manesar Master Plan-2031 also the areas will also have good connectivity with the proposed diplomatic enclave and the current as well as upcoming Metro corridor. All these are answer to the question – “Why buyers and investors are bullish about this zone?”
Sectors along with 18 Km Long stretch of NPR will be well planned, premium and contemporary urban as per the Gurgaon Master Plan-2031. There is no doubt that the areas that will fall in the periphery of this expressway will become as posh as its neighborhood in the noble southern part of Delhi and will compete with areas like Shanti Niketan and Vasant Vihar. The reason for why NRIs’ are investing in this real estate market is, “its faster access to the Indira Gandhi International Airport.” Fully commercial sectors and Educational institutions will also be there in Sector 114 Gurgaon and Sector 115 Gurgaon. The future of lifestyle here is clearly predictable that it is going to surpass the ordinary.
India’s leading developers like Raheja, Chintels, Sobha, ERA, Emaar-MGF, CHD, Mahindra, Ansals, M3M, BPTP, Indiabulls, Godrej, Puri, Kashish, VSR, Ramprastha, Antriksh, Experion etc. have launched their projects in various sectors on NPR. Various residential as well as commercial properties are available here as investment options. The response to the projects has been phenomenal as the buyers have started to realize what potential the area holds. The pace of development is strong as well as the return on investment will be high in this area. The real estate prices in the area have already been more than double – from Rs. 2,900 per sq ft to Rs. 7,250 per sq ft. in last 2 years.
The expressway has also provided opportunities for planned commercial and urban development. In some parts like, Sector 114 and Sector 83 Gurgaon, commercial development is visible too. Due to the booming IT/ITES sectors, corporate offices, shopping malls, markets etc. here, this part of Gurgaon has been named as “New Gurgaon”.
The ripple effect of the expanded supply in Dwarka Expressway would also correct property prices in areas like the Sohna Road and Golf Course Extension Road. A lot of other developments are being launched in the affordable to mid-sized market segment of residential housing. In fact, these areas are now emerging as the answer to the question of what will fill the gap for mid-income housing demand.
It has been observd that most of the consumer base in this region is the upper and upper-middle class working segment. For working professionals in Manesar, Gurgaon and Delhi, there is no doubt that Dwarka Expressway is the ideal residential and commercial destination as well as an excellent investment option in Delhi-NCR Real Estate Market.
Alok Kumar Upadhayay
Real Estate Professional