The complete Delhi-Mumbai Expressway and Sohna-Dausa stretch notably will increase end-user demand for housing Gurugram. (Representative picture)
Realty gamers say the Sohna-Dausa stretch has put housing and business markets in Gurugram within the transitional stage of many developments, favouring the actual property sector
The first part of the Centre’s multi-crore infrastructure mission, the Delhi-Mumbai Expressway’s Sohna-Dausa stretch constructed at the price of Rs 12,150 crore, was inaugurated by PM Narendra Modi a number of weeks in the past. Prime Minister Narendra Modi has mentioned the Delhi-Mumbai Expressway and the Western Dedicated Freight Corridor (WDFC) might be two important contributors to India’s financial prosperity. Experts mentioned that with its opening, the stretch has put housing and business markets in Gurugram within the transitional stage of many developments, favouring the actual property sector.
Nayan Raheja of Raheja Developers mentioned, “Greater infrastructural connectivity introduced on by expressway and street tasks at all times blossoms housing demand within the adjoining areas. The housing corridors and sections positioned in proximity to the Sohna-Dausa stretch will oversee a excessive appreciation within the buying worth of plots and properties. The end-user engagement will witness an imminent rise. From the purview of the actual property sector, Gurugram can pay dividends due to the operationalisation of opening sections of the Delhi-Mumbai Expressway.”
The Sohna-Dausa stretch has come up as a full-blown corridor reducing the time distance between Delhi and Jaipur by two to three hours. Many Gurugram realtors have said the entire Delhi-Mumbai Expressway and Sohna-Dausa stretch particularly will boost end-user demand for housing in the region.
The Sohna-Dausa stretch is the first successful step in the operationalisation of the Delhi-Mumbai Expressway, which is likely to be completed by January 2024, and the cost is estimated to be about Rs 98,000 crore. The corridor will boost Gurugram’s accessibility and connectivity with states like Rajasthan, Madhya Pradesh, Gujarat, and New Delhi.
Narayan Bhadana, managing director of 4S Developers, said, “The forerunner signs of a residential market peak are already visible. The first leg of the Delhi-Mumbai Expressway has already been inaugurated, which has created a huge buzz among buyers. The authority’s plans to open the subsequent road lines to provide easy access to Delhi-Mumbai Expressway will bring a scalable boost to the housing demand in Gurugram.”
The Delhi-Mumbai Industrial Corridor (DMIC) was envisioned after a memorandum of understanding (MoU) was signed between the Indian and Japanese governments in 2006 to bolster alternatives for mutual cooperation and financial development.
The Commercial Real Estate Market
Ankit Kansal, founder and MD of Axon Developers, mentioned, “The first leg of the Delhi-Mumbai expressway has been inaugurated protecting a distance of 246 Km on the 1,380-long expressway. It is an access-controlled 8-lane expressway that may be upgraded to 12 lanes in close to future. Besides residential actual property, the brand new mega mission may also remodel the business and industrial actual property within the neighborhood. The mega mission will work in tandem with DMIC and DFC to vitalise industrial development and financial prosperity within the elements of Haryana and Rajasthan.”
He added that in close proximity to the project, new industrial and economic corridors, smart cities, business hubs, logistics centers, will be developed. The project will link urban progress and infrastructure development alongside trade & industrial growth. Plenty of opportunities will be unlocked for a host of industries such as agribusiness, construction, logistics, textile, electronics, consumer durables, etc. Manufacturers will also pivot to the region to leverage easy access to reach ports in Maharashtra and Gujarat fast. This will further feed into the demand for offices, industrial real estate, warehouses, etc.
Aman Sharma, director of Spaze Group, said, “The Sohna-Dausa stretch will also bring a windfall in demand for other commercial realty belts of Gurugram, like Dwarka Expressway. There is a wide range of commercial real estate options like Shop-cum-Offices, which are on a continuous rise in Gurugram. The Delhi-Mumbai Expressway is most likely to ramp up opportunities in the commercial real estate sector and provide investors with diversified choices.”
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