Dwarka Expressway: The Game-Changer for Gurugram's Real Estate Market
The Dwarka Expressway has sparked a surge of activity in Gurugram's real estate market, catching the attention of homebuyers and investors alike.
Dwarka ExpresswayGurugramReal EstateInfrastructureEconomic GrowthReal Estate NewsJun 28, 2024
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.
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 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.
Frequently Asked Questions
What is the impact of the Dwarka Expressway on Gurugram's real estate market?
The Dwarka Expressway has sparked a surge of activity in Gurugram's real estate market, driving up property values and fuelling economic growth.
What is the significance of the central peripheral road in the Dwarka Expressway project?
The central peripheral road is a crucial connector linking the Dwarka Expressway to Sohna Road via the Southern Peripheral Road (SPR), keeping the growth momentum on.
What is the projected impact of the Dwarka Expressway on housing prices?
The operationalization of the expressway is bound to drive an uptick in housing prices, reflecting its newfound accessibility and desirability.
How many housing units have been introduced in the Dwarka Expressway area in the past decade?
According to data from real estate consultancy Anarock, over the past decade, approximately 53,000 housing units have been introduced in the area.
What is the predicted impact of the Dwarka Expressway on Gurugram's economy?
The completion of the Dwarka Expressway may bring about profound economic changes, steering Gurugram's development in a positive direction.
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