Dwarka Expressway Spearheads Gurugram’s Real Estate Renaissance

Dwarka Expressway Spearheads Gurugram’s Real Estate Renaissance

The Dwarka Expressway has sparked a surge of activity in Gurugram’s real estate market, catching the attention of homebuyers and investors alike. This corridor represents a significant breakthrough in the saga of Gurugram’s development, fuelling economic growth and changing the city’s skyline. Alongside rising property values, the expressway has electrified the expansion of infrastructure and boosted economic activities in the region. Gurugram now stands at the forefront of India’s growing real estate sector, attracting interest from both domestic and international markets. The buzz surrounding the Dwarka Expressway drums up its pivotal role in shaping Gurugram’s future as a vibrant and dynamic urban centre.

Enhanced connectivity between Delhi and Gurugram is driving a notable surge in Gurugram’s real estate market. The central peripheral road, acting as a crucial connector linking the Dwarka Expressway to Sohna Road via the Southern Peripheral Road (SPR), is pivotal in keeping the growth momentum on. Prime Minister Narendra Modi’s recent inauguration of the Haryana section of the Dwarka Expressway is anticipated to streamline traffic flow and alleviate congestion between Delhi and Gurugram. Real estate analysts highlight the Dwarka Expressway’s emergence as a prominent residential centre in Gurugram, with projections indicating forthcoming launches of luxury and high-quality residential properties. Additionally, the operationalization of the expressway is bound to drive an uptick in housing prices, reflecting its newfound accessibility and desirability.

The Dwarka Expressway-New Gurgaon corridor has emerged as a highly sought-after residential destination, drawing homebuyers with its improved infrastructure and diverse range of housing options. Esteemed developers have fuelled this surge by launching numerous projects in the vicinity, solidifying its status as a top choice for real estate investment in Gurugram.

According to data from real estate consultancy Anarock, over the past decade, approximately 53,000 housing units have been introduced in the area, with more than 80 percent already snapped up by eager buyers. The strong demand has driven up the average property rates in the primary residential market along the Dwarka Expressway, soaring from Rs 4,530 per square foot in 2013 to Rs 8,300 per square foot by the close of the previous year. This indicates the corridor’s attractiveness and promising prospects for profitable real estate ventures.

The Dwarka Expressway traverses through several key sectors in Gurugram, including 113, 112, 111, 110, 109, 108, 107, 106, 104, 103, 102, 99, 88B, 37D, 36A, and 36B, with its catchment area extending from sector 81 to 115. Notably, it connects to Manesar Road and Pataudi Road, and also provides linkage to the Delhi Mumbai Expressway. As the Haryana stretch of the expressway nears completion, developers are optimistic that their investments made in recent years will finally yield significant returns. Presently, approximately 150 residential projects are reported to have been delivered along this corridor, with expectations high for the launch of more high-end projects. The inauguration of this vital road infrastructure is anticipated to not only invigorate areas within Gurugram but also have a substantial impact on neighbouring Delhi, particularly the residential zones in various villages.

The completion of the Dwarka Expressway may bring about profound economic changes as well, steering Gurugram’s development in a positive direction. Its game-changing impact on the real estate sector and the wider economy underlines the monumental role of infrastructure in catalysing growth and prosperity. As the expressway opens up new avenues for investment and connectivity, Gurugram is positioned to emerge as a benchmark for sustainable urban development and economic success in India.

The ripple effects of this infrastructure project are anticipated to be far-reaching, with increased economic activity, job creation, and enhanced liveability anticipated for the region. With the promise of improved accessibility and enhanced connectivity, the Dwarka Expressway is all set to unlock significant opportunities for businesses, residents, and investors alike. As Gurugram ventures into this path of profound change, it is primed to showcase its potential as a dynamic and vibrant economic hub, driving innovation, growth, and prosperity for years to come.

Source : FE

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