DELHI-MUMBAI EXPRESSWAY MULTIPLIER EFFECT ON REAL ESTATE
"The operationalization of the Gurgaon - Dausa stretch of the Mumbai-Delhi Expressway this month which will further be extended to Mumbai later on, can potentially change the landscape of Sohna Town. It will not only reduce the commute time but will also give the required impetus to various economic drivers like industries, warehousing & logistics which in turn generate demand drivers for residential, commercial, and retail sectors. The Gurgaon – Dausa stretch passing through Sohna can potentially change the growth nodes of Gurgaon. It will not be surprising if Sohna emerges as the most significant satellite town of Gurgaon," stated Arvind Rai, Director, Valuation Services, Colliers India The opening of the Delhi-Mumbai expressway will have a multiplier effect on real estate not only in the Sohna-Dausa stretch but also in the whole of Gurugram. Sohna has been core hub of both residential and commercial development for some time now, with the expansion of Gurugram. This new expressway will unlock the full potential of the region and trigger a spurt in real estate developments and create Sohna as a multi-utility residential corridor. It will bring tangible growth by providing a solid blueprint for developing housing projects, townships and business hubs. While easing congestion and providing easy connectivity with nearby states, the region will witness a surge in housing demand and price appreciation of existing and upcoming residential projects. Luxury real estate is pegged to earn the highest dividends as luxe individual floors and villas are in high demand in Sohna. With time, Sohna will be able to compete with the likes of cyber hub, golf course road and golf course extension road as the preferred residential address for budding homebuyers and emerge as the fastest-growing realty destination in the coming years,” said Ravi Nirwal, Sales Director and Principal Partner, North India, Square Yards
Tags : Delhi-Mumbai Expressway Real Estate Arvind Rai Director Valuation Services Colliers India Ravi Nirwal Sales Director and Principal Partner North India Square Yards