Property in Delhi NCR: construction of an expressway and property boom will come in these areas of NCR

The Dwarka Expressway is an urban expressway connecting Mahipalpur village in Delhi to Kherki-Dhola village in Haryana. It is being developed as the country’s first Urban Elevated Expressway. With its construction, the connectivity of the western part of Delhi with Gurgaon will improve. Along with this, property rates will also go up in the areas adjacent to these roads. We tell through which areas this expressway is passing.

What is Dwarka Expressway Project

A 29 kilometer long expressway is being built between Delhi and Gurgaon in Haryana. Its name is Dwarka Expressway. It is likely to be commissioned this year, that is, in 2023 itself. It is being developed at a cost of about nine and a half thousand crore rupees. With the construction of the Dwarka Expressway, the traffic pressure on the Delhi-Gurugram highway will not only reduce, it will also help in reducing air pollution. It is being developed as India’s first elevated urban expressway. The Delhi-Gurugram Expressway is a part of the ‘Delhi- Jaipur- Ahmedabad- Mumbai’ branch of the Golden Quadrilateral. The foundation stone of the Dwarka Expressway was laid four years ago in March 2019. Work on this project is going on in four packages. Its first and second packages come in Delhi, while the third and fourth packages come in Gurugram. This expressway is of 16 lanes, with a minimum provision of three lanes of service roads on both sides.

What is the route of this expressway

The expressway will start from near Shiv Murti in Mahipalpur, Delhi near NH-8. Then it will cross the Delhi Rewari Railway line via the South Perimeter of Indira Gandhi International Airport. At the same time, a new railway terminal of Bijwasan is being built. Then it will pass through Dwarka Sector-21, 22, 25, 27 and 28 and enter Haryana near Najafgarh-Bijwasan road. It will once again cross the Delhi-Rewari railway line near Sector 99 and 37D of Gurugram via Bajgheda village in Gurgaon. Then crossing the Pataudi road at Harsaru, it will end near the toll plaza near Kherki-Dhaula village. At the same time, this expressway will also have connectivity with Delhi Mumbai Expressway and Southern Peripheral Road.

10 km in Delhi and 19 km in Haryana

Only 10 kilometers of this project falls in Delhi. The remaining 19 km stretch is in Gurugram. This means that from Mahipalpur village to Gurgaon’s Sohna Road, Golf Course Road and Air Extension, there is a glut of real estate projects. That is why it is being said that there will be a boom in the property market of these areas.

Real estate is becoming a hub

From Dwarka RTR crossing in Delhi to Kherki-Dhaula village in Haryana, the face of every village is changing. When the Dwarka Expressway project was conceptualized, it was seen as the lifeline of future real estate development of the NCR. That is why till now, well-known developers have launched several projects in this locality. In the housing real estate alone, work is said to have started on more than 33,000 units.

property prices will increase

Developers and brokerage firms say that 30-40 per cent increase in real estate prices in the area can come after the completion of this project. Obviously this is a good opportunity for those investors who invest in real estate. He says that the Dwarka Expressway will make a huge impact on the residential and commercial real estate market in the region. That is why property prices are expected to rise by 30-40 per cent. This expressway has brought a good opportunity for real estate investors. With its launch, there will be excellent connectivity in areas like Delhi, Gurgaon and Manesar. This will have a positive response on the ongoing construction projects in this area.