Gurugram's Real Estate Renaissance: How Dwarka Expressway is Leading the Charge
The Dwarka Expressway has sparked a surge of activity in Gurugram's real estate market, with improved accessibility and enhanced connectivity driving growth and prosperity.
Dwarka ExpresswayGurugramReal EstateInfrastructureEconomyReal Estate MaharashtraJun 28, 2024
The central peripheral road, connecting the Dwarka Expressway to Sohna Road via the Southern Peripheral Road (SPR), has played a crucial role in driving growth in the region. With the recent inauguration of the Haryana section of the Dwarka Expressway, traffic flow is expected to improve, and congestion between Delhi and Gurugram is set to reduce.
Real estate analysts predict a surge in housing prices, reflecting the expressway's newfound accessibility and desirability. The Dwarka Expressway-New Gurgaon corridor has emerged as a highly sought-after residential destination, offering improved infrastructure and a diverse range of housing options.
According to Anarock, a real estate consultancy, over 53,000 housing units have been introduced in the area, with more than 80 percent already sold. The average property rates in the primary residential market along the Dwarka Expressway have risen from Rs 4,530 per square foot in 2013 to Rs 8,300 per square foot in 2023.
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. It connects to Manesar Road and Pataudi Road, and also provides linkage to the Delhi Mumbai Expressway.
The completion of the Dwarka Expressway is expected to have a profound impact on the economy, 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 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.
Frequently Asked Questions
What is the Dwarka Expressway?
The Dwarka Expressway is a significant infrastructure project that connects Delhi and Gurugram, improving accessibility and enhancing connectivity.
How has the Dwarka Expressway impacted 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 attracting investors.
What are the benefits of the Dwarka Expressway?
The Dwarka Expressway offers improved accessibility, enhanced connectivity, and reduced congestion between Delhi and Gurugram, making it an attractive destination for businesses, residents, and investors.
How many housing units have been introduced in the area?
According to Anarock, over 53,000 housing units have been introduced in the area, with more than 80 percent already sold.
What is the average property rate in the primary residential market along the Dwarka Expressway?
The average property rate in the primary residential market along the Dwarka Expressway has risen from Rs 4,530 per square foot in 2013 to Rs 8,300 per square foot in 2023.
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