The recent inauguration of the Rs 10000 crore Dwarka Expressway by the Prime Minister Narendra Modi , is set to provide a big connectivity boost to NCR realty ,spurring investment in the region.
This 29 km long expressway starts from Shiv Murti and culminates at Kherki Daula toll on NH8. While 20 km stretch of the eway falling in Gurgaon has got operational, the 10 km stretch falling in Delhi will be getting ready in the next few months. The improved connectivity will drive real estate demand , attract greater investment and push property prices . Especially when Dwarka Expressway has emerged as a hot corridor with 53000 units launched during the last decade and unsold inventory dipping by 20 percent , down to a single digit.
According to Anarock , the Dwarka Expressway-driven boom will see over 10000 ready units coming up here over the next two years. CBRE expects significant appreciation in land and real estate prices in the coming years, offering handsome returns on investment to investors.
Pradeep Aggarwal, Founder & Chairman of Signature Global is upbeat about the transformative impact of Dwarka Expressway , serving as a catalyst for price appreciation in Gurgaon. Significantly, the areas falling next to Dwarka Expressway in Delhi ,will benefit . According to Ramesh Menon, Director, Lotus Glades, as part of Green Development Area under Delhi Master Plan – property , especially farm land in villages like Kanganheri, Jhatikra, Shikarpur, Ghalibpur and Rawta parallel to Dwarka Expressway will get immensely benefited. Especially as property prices have appreciated by 50 percent during the last 2 years and there is short supply in the market.
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