Dwarka Expressway will attract domestic and foreign investment in real estate sector.
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New Delhi. Real estate development companies have said that the opening of a portion of the Dwarka Expressway between Delhi and Gurugram will ease travel between the two cities and will also accelerate activity in the real estate sector in the National Capital Region. And domestic and foreign investment will be attracted. Prime Minister Narendra Modi on Monday inaugurated the Haryana section of Dwarka Expressway. This will improve traffic flow and ease traffic between Delhi and Gurugram on National Highway-48.
The total length of Dwarka Expressway is 29 km, of which 18.9 km falls in Haryana, while the remaining 10.1 km is in Delhi. G Hari Babu, National Chairman, National Real Estate Development Council (NAREDCO), the apex body of real estate companies, said, this landmark project will promote inclusive growth in the region with better connectivity and boost economic activity while boosting the real estate sector. “Will attract domestic and foreign investment.”
Kushagra Ansal, Director, Ansal Housing and Chairman, CREDAI Haryana said, “The inauguration of Dwarka Expressway is a turning point for the growth and prospects of the real estate sector in the region. With Haryana Government’s ambitious plans to boost residential and commercial realty development, Dwarka Expressway has all the potential to emerge as one of the largest real estate hubs of NCR (National Capital Region).
Praveen Jain, Chairman of NAREDCO’s Haryana unit, has said that the Dwarka Expressway is a milestone in the development of infrastructure. The project opens up new avenues for real estate development, besides improved connectivity with the proposed Global City in Gurugram district. Rohit Mohan, Senior Vice President, BPTP Group, said, “Dwarka Expressway is set to revolutionize the real estate sector by significantly reducing travel time between Delhi and Gurugram.
The rising demand for both residential and commercial properties is leading to rising property prices, making it an attractive investment opportunity.” Rajat Goyal, Managing Director, MRG Group, said the Dwarka Expressway has boosted real estate prices in the area. It has played an important role in driving the growth of India, making it an important destination for both living and investment purposes. The eight-lane Dwarka Expressway is being constructed at an estimated cost of Rs 9,000 crore. It is part of the Centre’s Rs 60,000 crore plan for highway development in the NCR to ease congestion in the national capital.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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