Prime Minister Narendra Modi inaugurates the Haryana part of the landmark Dwarka Expressway.
Real property gamers say this state-of-the-artwork challenge features a fashionable eight-lane expressway, which strategically connects key areas of Delhi and Gurugram and re-shaping the panorama of Gurgaon’s property market
Even as Prime Minister Narendra Modi on Monday inaugurated the Haryana part of the landmark Dwarka Expressway, actual property gamers say it marks a big milestone for the actual property sector in Gurugram and the Millennium City, radiating optimism and progress. It mentioned the expressway will enhance site visitors circulate and ease congestion between Delhi and Gurugram on NH-48.
The complete size of Dwarka Expressway is 29 km, out of which 18.9 km falls in Haryana, whereas the remaining 10.1 km is in Delhi.
On March 9, 2019, the then Union ministers, Sushma Swaraj, Arun Jaitley and Nitin Gadkari had laid the muse stone for Dwarka Expressway. The prime minister additionally held a highway present right here.
Dwarka Expressway is India’s first elevated 8-lane entry management city expressway, being constructed at an estimated value of Rs 9,000 crore, as a part of the Centre’s Rs 60,000 crore freeway improvement plan within the NCR to decongest the nationwide capital. The Haryana part of Dwarka Expressway has been constructed at a price of round Rs 4,100 crore and contains two packages of 10.2-km Delhi-Haryana Border to Basai Rail-over-Bridge (ROB) and eight.7-km Basai ROB to Kherki Daula.
It may also present direct connectivity to the IGI Airport in Delhi and Gurugram Bypass. Haryana Chief Minister Manohar Lal Khattar and Minister of Road Transport and Highways Nitin Gadkari have been current on the occasion.
What Industry Players Say
Pradeep Aggarwal, founder and chairman of Signature Global (India) Ltd, mentioned, “The unveiling of the Gurgaon segment of the Dwarka Expressway marks a significant milestone for the real estate sector and the Millennium City, radiating optimism and growth. This state-of-the-art project includes a modern eight-lane expressway, which strategically connects key locations of Delhi and Gurugram and re-shaping the landscape of Gurgaon’s property market. The project stands as a testament to the government’s dedication to fostering a dynamic urban centre.”
He added that this new expressway is not going to solely present higher connectivity for the shut neighborhood and areas of SPR, New Gurugram and Sector 37D at Dwarka Expressway; it could be a catalyst for value appreciation and guarantees a brilliant future for the actual property market within the area.
Aman Sarin, director and chief government officer of Anant Raj, mentioned, “From a real estate perspective, the completion of the Dwarka Expressway will benefit the numerous homebuyers who have invested in properties in this region. Additionally, this milestone will unlock numerous land parcels for development, presenting fresh opportunities for both Residential and Commercial Projects.”
Mohit Jain, managing director of Krisumi Corporation, mentioned main infrastructure tasks act as a catalyst for the economic system. This is the explanation the federal government prioritises such developments. Real property as a sector immensely advantages from improved connectivity.
Pankaj Pal, managing director of Whiteland Corporation, mentioned, “The Dwarka Expressway, with its strategic linkage from Shiv Murti near IGI Airport to Kherki Daula toll, is set to redefine the accessibility and convenience of residents, making Gurgaon a prime destination for property investment. The commitment of Rs 9,000 crore towards this infrastructure project underscores the government’s dedication to fostering economic development and creating a conducive environment for real estate growth.”
Vipin Sharma, founder and chairman of Aarize Group, mentioned previous hurdles in city mobility are being overcome, current alternatives are being seized, and the long run holds promise for exponential progress. Enhanced connectivity not solely attracts buyers but additionally fosters sustainable city improvement, creating vibrant communities and unlocking immense financial potential. “As real estate developer, we embrace such initiatives as they not only benefit the real estate growth, but also contribute to the overall prosperity and livability of the region.”
