Dwarka-Gurgaon Expressway: A Significant Investment Zone
The Dwarka-Gurgaon Expressway, widely recognized as the Northern Peripheral Expressway, is poised to become one of the most important areas for real estate investment. The property sector in this region holds vast potential for growth in the forthcoming years.
Price Appreciation and Infrastructure Development
The prices in the Dwarka-Gurgaon Expressway area have more than doubled, rising from Rs 2,550 per sq ft to Rs 6,450 per sq ft. This remarkable increase underscores the growing demand and development in the region.
The 155-meter wide and 18 km long expressway is anticipated to be completed within the next three to four years. This new infrastructure will offer faster access to the airport and connect with the 100-meter wide road proposed in the new master plan.
Connectivity and Traffic Relief
Dwarka and Palam Vihar will be connected by a new road through Dwarka with Gurgaon via an eight-lane link. This connection will also link the planned Special Economic Zones (SEZs) in Gurgaon to the NH-8, alleviating traffic congestion on the existing roads connecting Delhi-Gurgaon.
Strategic Location
The new expressway will touch the National Capital near Dwarka Phase II and link the Metro corridor to the road. Upon completion, the area is expected to become one of the most sought-after real estate zones in the NCR region.
Major Real Estate Developers
Top real estate firms such as Chintels India Ltd, Sobha Developers, Puri Construction, Antriksh, Rahejas, MGF EMAAR, Indiabulls, and Earth Infrastructure have launched their projects in this burgeoning periphery.
Notable Projects
The Chintel group is developing a township spanning over 450 acres in the sectors of Gurgaon. These new residential units bordering Dwarka Phase II are being hailed as the next big deal in the property market.
Raheja Group and Sobha Group have launched numerous projects in the area.
Additionally, various projects by Ansal Housing, Puri Construction, MGF EMMAR, and many others have created a hub of development in the northern periphery.