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Owner’s Pride – In Delhi On Expressway

Dwarka Expressway has emerged as a new residential destination on Delhi Border, thanks to its excellent connectivity and solid infrastructure If you are looking for an affordable ready-to-move-in home in an area in Delhi that already has well-built up physical and social infrastructure, your search ends at Dwarka Expressway. Dwarka Expressway, also known as the Northern Peripheral Road (NPR), has, of late, created quite a buzz among homebuyers with its already in-built solid infrastructure and excellent connectivity.A promising real estate hotspot, Dwarka Expressway is rated high as a destination for ready-to-move-in homes.The construction of the 18-kmlong expressway is likely to be completed soon.

Dwarka Expressway project was launched around a decade back to ease traffic at Gurgaon Expressway. Dwarka Expressway is a link road through residential and commercial sectors, and is all set to fillip growth and impact the entire region in a big way.

This is the third direct connection between Delhi and Gurgaon, after NH-8 and Mehrauli-Gurgaon Road (MG Road), and a number of real estate projects have come up in this area. It is also an integral part of the DelhiMumbai Industrial Corridor (DMIC).

With a major portion of expressway complete and some parts enjoying good connectivity with Delhi, the initial sectors fast gain on the habitable chart.

There are multiple on-going residential projects being con structed by renowned developers in various sectors falling under the expressway belt. One such area in the Dwarka Expressway is Sector-109 with well-developed infrastructure.

Not only this, educational institutes, hospitals, shopping complexes, malls, hotels, etc., are in close vicinity making the sector an ideal place to live in. The sector falls on Dwarka Expressway, but it is well connected with all key areas in Delhi. It is just one kilometre from Palam Vihar, 3 km from Dwarka, the new Diplomatic Enclave and Golf Course and 5 km from IGI Terminal-3.

An easy and hassle-free life is assured here with almost every important amenity at 5 to 7-minute commutable distance from the sector.

It takes just 30 minutes to reach Manesar from Sector109 and IGI Airport is just 20 minutes away; Golf Course is just 40-minute drive from the emerging sector. Dwarka Expressway is the third direct connection between Delhi and Gurgaon (after NH-8 and MehrauliGurgaon Road). It is also an integral part of the MumbaiDelhi Industrial Link Corridor (DMIC).

The entire stretch of Dwarka Expressway that was recently accorded National Highway (NH) status, has become the most soughtafter area for the investors.

Developers as well as buyers are eyeing this area as one of the most profitable investment opportunities.Initial investments by developers as well as buyers have shown excellent growth; and with the expressway heading towards completion, investor interest is going to increase significantly

Sanjay Dutt, managing director, India, Cushman & Wakefield, says after Dwarka Expressway is notified as a National Highway, National Highway Authority of India (NHAI) will take over the project.“This will help expediting the com pletion of the project which has been stuck due to land litigation issues. Land acquisition could then be done in a much shorter period under the NH Act. This is a huge boost for the real estate scenario of Dwarka Expressway as it is the spinal infrastructure of the region,“ Dutt says.

Another advantage of the locality is that it will give the residents a nice escape from the hustle bustle of city life in the form of green serenity with 1,500 acres of lush greenery.

Talking about the significance of the expressway from the real estate point of view, Navin M Raheja, CMD, Raheja Developers Limited, says, “In near future, connectivity, one of the key aspects of Dwarka Expressway, will make this region a part of extended Delhi boundaries.This would become one of the best addresses in Gurgaon beating Golf Course Road and MG Road, considering its proximity to Delhi. Most importantly, early completion of infrastructure in region is must and physical progress of development of Dwarka Expressway will re-inforce the confidence in all segments of buyers, investors, private equity players, financial institutions and the real estate sector as a whole.“ Raheja fur ther adds, “There was no price growth in last two years in the belt. We expect a price growth of approxi mately 10-15 per cent in next couple of months and increase in sales vol ume by 15-20 per cent post clearance of land acquisition issue by the High Court.

There is substantial increase in interest in market and sec ondary prices are already up by 5-10 per cent.“ Experts are of the view that investments have offered good returns to the early investors and will continue to do so in future as well.