Real estate developments along Dwarka Expressway have emerged as one of the most sough-after asset classes in the NCR.
Online PR News – 06-August-2014 – Gurgaon – The realty market along this expressway is largely flourishing over two major USPs--first is the expressway that is expected to be one of the country's widest roads ever, and the shortest route to the IGI airport and the Millennium City .
According to Gurgaon's new Master Plan, 2031, the proposed expressway will reach Delhi near Dwarka Phase II, where the second diplomatic enclave is being developed, and connect the current Metro corridor running parallel to the road.
Once project is completed, the area will become one of the premier real estate zones in New Gurgaon. The road starts from Dwarka and passes through Bijwasan, New Palam Vihar, Kherki Daula, and then touches NH-8. Areas that are going to reap rich dividends are Sectors 99-113 and Sectors 83-84. There will be a mercantile region touching Sectors 105, 106,109,110,110A, 111,112, and 113 with Sectors 100 and 101 reserved for public uses, but Sectors 88 and 114are fully mercantile. Other residential areas that are a little some of residential area are quit far from the expressway but will benefit from it are Sectors 81 to 86, 89 to93 and 95.
Construction of most of the projects in areas like Sectors 108, 109, 106, and 110 along the expressway is expected to be over in a year and a half. Dwarka Expressway has also emerged as a prominent destination for IT-ITeS outsourcing and off-shoring hubs; this area is expected to have 22.3 million sq ft in new office supply by 2017 and 48 million sq ft office space stock to be added during 2012-2017.
A number of top realty developers like Ansal Housing, SS Group, Vatika, and BPTP etc. have already launched projects in this area. Because of the availability of quality products and its closeness to Delhi and other part of the Millennium City, it is expected that property market around Dwarka Expressway will emerge as one most popular destination in the NCR in the near future.
The width will be exactly double of the currently operational Delhi-Gurgaon expressway--NH 8--Dwarka Expressway will also provide faster connectivity to Delhi and other part of Gurgaon.
According to realty experts, Dwarka Expressway will also have significant impact on the real estate development in the other new regions in Gurgaon. Areas along the forthcoming Kundli Manesar-Palwal (KMP) Expressway and Pataudi Road could be the biggest beneficiaries.
A balance of luxury and utility in the new realty projects here has attracted well-heeled NRIs, and the domestic premium customers. These projects have extensive recreational facilities with interconnected landscaped theme gardens and courts with aesthetically designed water bodies, and expansive green vistas within gated communities. These factors, coupled with social infrastructure like the proposed Metro line along the expressway, hospitals, schools and malls-all in the vicinity--will likely give maximum appreciation for the property here. The front road of the project is already built.
SS Group has also launched a couple of projects along the “Hibiscus 2” Dwarka Expressway in Sector 83. The projects are fitted with the latest high-tech gadgets to provide world-class lifestyle to residents.
It has been designed with unique offerings like outdoor gym facilities, an open-air amphitheatre and leisure spaces in all towers with chess, carom, snakes and ladders, hopscotch, toss across, and sand pit for toddlers, a driver waiting lounge, and reading corners.
The central community centre features swimming pools, a spa, jacuzzi, massage facilities and a yoga and meditation room. Residents also have a gym, outdoor badminton court, half basketball court, cricket net and a skating rink, indoor squash court, table tennis.
The township is adjacent to Delhi, near the IGI airport, and well positioned on the larger developmental map of Gurgaon along the forthcoming Northern Peripheral Road.