Revolutionizing Gurgaon Real Estate: How Dwarka Expressway is Transforming the Region
The construction of Dwarka Expressway has boosted the real estate sector in Gurgaon and adjoining areas, with property prices increasing by 83% over the past decade.
Dwarka ExpresswayGurgaon Real EstateReal Estate MarketInfrastructure DevelopmentInvestment OpportunitiesReal Estate NewsJul 15, 2024
The construction of the expressway has led to a surge in sales of lands and properties in Gurgaon, with the area now valued at more than Rs 25,000 crore. Real estate developers have capitalized on this growth, making deals worth Rs 3,100 crore for 175 acres of land. Furthermore, nearly 13,475 projects are set to be launched in 2024, coinciding with the completion of their construction.
The expressway has also significantly reduced travel time between Gurgaon and Delhi by up to 30 minutes, making it an attractive option for investors and homebuyers. The region's proximity to numerous business hubs, including Cyber Hub, IMT Manesar, Udyog Vihar, and Aerocity, further enhances its appeal. These hubs attract foreign investments, fostering the creation of additional commercial spaces and contributing to the region's economic growth.
Property prices are expected to appreciate by 20-40% within the next 2-3 years, offering high investment returns to existing property owners. The Haryana government's ambitious plans for the region include the development of a 'Skyscraper City' akin to global metropolises like Dubai and Singapore. The upcoming Global City project, spanning 1,003 acres in sectors 36B and 37B, will feature residential, commercial, institutional, and recreational hubs.
A crucial aspect of these luxury housing projects is adherence to regulatory standards, ensuring high construction and development benchmarks. Stringent checks on building codes, environmental regulations, and safety protocols provide assurance to both buyers and developers, establishing a trustworthy reputation for luxury housing in the region.
Dwarka Expressway has bolstered the real estate potential of the adjoining regions, transforming them into dynamic real estate hubs. With its remarkable infrastructure, improved connectivity, and strategic location, the expressway continues to attract investments, drive property appreciation, and create new opportunities for developers and investors alike. As the region evolves, it promises a bright future for real estate growth and development, solidifying its status as a major realty hotspot in the NCR.
Frequently Asked Questions
What is the expected appreciation in property prices near Dwarka Expressway?
Property prices are expected to appreciate by 20-40% within the next 2-3 years.
How has the construction of Dwarka Expressway impacted the real estate market in Gurgaon?
The construction of Dwarka Expressway has led to a surge in sales of lands and properties in Gurgaon, with the area now valued at more than Rs 25,000 crore.
What is the 'Skyscraper City' project proposed by the Haryana government?
The 'Skyscraper City' project is a comprehensive development project spanning 1,003 acres in sectors 36B and 37B, featuring residential, commercial, institutional, and recreational hubs.
What is the significance of Dwarka Expressway in terms of connectivity?
The expressway significantly reduces travel time between Gurgaon and Delhi by up to 30 minutes, making it an attractive option for investors and homebuyers.
What is the current status of property sales near Dwarka Expressway?
Approximately 80 per cent of the units launched near the expressway have already been sold.
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