The much-anticipated Dwarka Expressway is nearing its grand debut, with Union Minister for Highways and Road Transport, Nitin Gadkari, confirming its projected full operation by the end of December this year. This ambitious infrastructure project, touted as India’s first access-controlled eight-lane expressway, is poised to bring seamless connectivity between Mahipalpur in Delhi and Kherki Daula in Gurugram.
As this monumental infrastructure spectacle inches closer to reality, the National Capital Region stands on the cusp of a real estate revolution. The Dwarka Expressway is poised to metamorphose into a vital corridor for inter-regional movement, paving the way for augmented connectivity, and laying a strong foundation for future progress and prosperity.
Vivek Singhal, CEO, Smartworld Developers, said, “Dwarka Expressway stands on the threshold of attaining the status of an illustrious infrastructure marvel in the Delhi-NCR region. The government’s steadfast dedication to infrastructure development and the seamless connectivity it provides to Delhi, Gurgaon, and Manesar has propelled this area to the forefront of the sought-after markets in Delhi NCR. The locality boasts exceptional connectivity, enhanced infrastructure, and a dynamic blend of retail and residential developments, making it an alluring and financially rewarding investment opportunity for experienced investors and prospective residents alike. The swift progress in infrastructure deserves commendation for its role in bolstering investor confidence and attracting prospective homebuyers, ultimately contributing to this remarkable achievement.”
Encompassing an impressive 29 kilometres, the Dwarka Expressway occupies a pivotal role within the formidable Rs 60,000-crore Delhi Decongestion Plan. With an estimated budget of approximately Rs 9,000 crore, the project encompasses 23 kilometres of elevated roads, supplemented by nearly 4 kilometres of tunnel construction. The expressway’s remarkable progress is underlined by the impressive 99.3% completion rate of its Gurugram segment. The recently finished cloverleaf section ensures uninterrupted vehicular movement along crucial routes.
As per the latest report by CREDAI, NCR stands out amongst the top eight cities with a remarkable 16% year-on-year increase in housing price and Dwarka Expressway taking the lead with an astounding 59% YoY rise.
Ravish Kapoor, MD, Elan Group, said, “Dwarka Expressway has emerged as one of the most promising areas, with its strategic positioning, exceptional connectivity, and flourishing corporate landscape significantly bolstering its allure for real estate investments. We anticipate further appreciation in property value due to the ongoing enhancement of infrastructure. Once the entire expressway becomes operational, housing prices will likely further increase. The limited supply of luxury homes and the rising demand are other significant reasons that have led to a surge in demand. At Elan, we are committed to delivering luxury homes to fulfil the aspirations and rising demands of new-age buyers.”
Rahul Singla, director, Mapsko Group, commented, “Dwarka Expressway marks a significant milestone for Gurgaon’s infrastructure development, enabling smoother and more efficient traffic flow for the residents. The announcement by Union Road & Highways Minister is a testament to the government’s commitment towards enhancing connectivity and reducing congestion.”
Source : Construction Week Online