THE BOOMING REAL ESTATE ALONG DWARKA EXPRESSWAY
As the market continues to flourish, investors are keeping a keen eye on regions with promising value appreciation, enhanced connectivity, and improved accessibility. Among these regions, the spotlight is now firmly on India's first eight-lane elevated highway, the Dwarka Expressway, which has come to become a symbol of burgeoning real estate prospects. Redefining Connectivity and Accessibility May 2023 marked a significant milestone in India's infrastructure landscape as the Union Road Transport and Highways Minister, Nitin Gadkari unveiled plans for the country's inaugural eight-lane access-controlled road, the Dwarka Motorway, spanning an impressive 29.6 kilometres. This ambitious project aims to seamlessly connect areas such as Sohna Road, Golf Course Extension Road, Manesar, and beyond. Moreover, the expressway will provide a direct link to the Indira Gandhi International Airport, a move set to redefine the region's logistical accessibility. Upon its completion next year, the Dwarka Expressway promises to not only reduce travel times and alleviate congestion on existing roads but also offer a seamless, more efficient commuting experience. Additionally, the highway is strategically situated near the Delhi-Mumbai Expressway, enhancing its position as a prime investment destination. Catalyst for Price Appreciation The highly anticipated completion of the Dwarka Expressway is set to be a game-changer for the real estate market in the region. This transformative project is anticipated to trigger a surge in both demand and price growth, further boosting the already buoyant real estate sector. Case in point, the Northern Peripheral Road, a part of the expressway, was the linchpin that triggered significant price appreciation in the region. According to a report from CREDAI, Colliers, and Liases Foras, housing prices around the Dwarka Expressway have surged by an astonishing 59% in the last fiscal year. This trend underscores the potential windfall awaiting real estate investors, as the opening of the highway is poised to unlock a wealth of opportunities within this rapidly expanding region. Thriving Market Dynamics The rapid pace of the Dwarka Expressway's development has had a ripple effect, leading to the emergence of various real estate projects within its immediate vicinity. The surge in buyer demand is motivating builders and developers to undertake ambitious projects in and around the corridor. The Haryana government's ambitious Global City Project is poised to further attract significant investments and catalyse economic development in the region. Additionally, the construction of the Indian International Convention Centre, projected to be Asia's largest, presents a compelling opportunity for investors seeking to capitalize on the promising vision of growth and prosperity. Diverse Real Estate Offerings As construction gains momentum along the Dwarka Expressway, it is expected to usher in a new era of real estate development. The enhanced connectivity and accessibility are driving demand for housing, enticing developers to capitalize on this lucrative corridor. Several visionary developers have already recognized the immense potential and are proactively tailoring their plans to cater to the myriad needs of potential homebuyers. The diverse spectrum of offerings includes independent floors, plots, apartments, villas, and more, making the Dwarka Expressway region a proliferating real estate hub with offerings that cater to every need and palate. Investment Outlook For astute homebuyers looking to invest in a secure future, the Dwarka Expressway presents a tapestry of lucrative opportunities. Properties near the expressway not only offer improved accessibility, harmonized interconnectivity, and remarkable price appreciation potential but also benefit from the thriving dynamics of a rapidly growing market. With an extraordinary assortment of emerging projects catering to every segment, the Dwarka Expressway offers dream homes for individuals seeking attractive returns and a premium lifestyle. Expected to witness a prolonged period of sustained growth and development, the region is poised to witness further property appreciation, cementing its position as an enticing investment destination for the discerning investor. In a country on the cusp of transformative advancements, the Dwarka Expressway stands as a proud testament to the dynamic synergy between infrastructure development and real estate growth, offering investors a ticket to a future of boundless possibilities. A coalescence of the aspirations of an entire nation, the Dwarka Expressway carries upon its adamantine pillars, the hopes and dreams of every individual seeking a brighter tomorrow.
Tags : booming real estate Dwarka Expressway Ravish Kapoor – Managing Director Elan Group India first eight-lane elevated highway investors regions connectivity accessibility infrastructure Union Road Transport and Highways Minister Nitin Gadkari