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Dwarka Expressway has become a popular location for property buyers in the Delhi-NCR region. The real estate industry has grown in areas linked by the highway, which is now under construction. The Dwarka Expressway, at the forefront of a thriving property market, is poised to emerge as the real estate hub in Delhi-NCR. Starting from Shiv Murti in Delhi and extending as far as Kherki Daula Toll in Gurugram on NH8, the Dwarka Expressway is touted to be the world's longest elevated road.
A marvel of modern engineering ingenuity, the expressway will have an 8-lane grade-separated road, three-lane service roads, multi-level interchanges and several crossroad underpasses at crucial intersection points. Upon its completion, the Dwarka Expressway is expected to significantly reduce the traffic flowing through Gurugram while providing a sustainable solution to the pollution crisis across Delhi-NCR.
The Dwarka Expressway is unmatched in its location and offers strategic connectivity to key commercial centres in Gurgaon. Being close to the IGI Airport, this region is flanked by the National Highway (NH) 48, also known as the Delhi-Ajmer Expressway. It is no surprise, then, that the Dwarka Expressway has emerged as the preferred investment destination by the residents of Delhi-NCR.
The Dwarka Expressway residential real estate market has witnessed a bull run following structural improvements in the years preceding the disruptions caused by the pandemic. In the wake of lockdown relaxations, this area has grown in prosperity due to numerous high-quality developmental projects by distinguished real estate developers.
There are over 11,670 flats for sale on the micro market. According to the research, 11% of these offerings are ready to move in, while 89% are in various stages of construction. In the preceding financial quarters, real estate development projects across the expressway have seen a meteoric rise in demand, with market analysts forecasting this trend to rise significantly in the coming year as many families are looking to invest in this prime real estate in Delhi-NCR.
Consequently, a plethora of world-class real estate developers are offering an assortment of affordable, mid-priced, luxury and ultra-luxury properties. With 2, 3 and 4 BHK apartments cutting across various price brackets, there is a robust demand for both ready-to-move and under-construction projects. These include myriad asset classes ranging from low-rise apartment complexes to high-rise independent floor condominiums, from ultra-luxury townhouses to multi-purpose plotted housing projects. Dwarka Expressway has a dream home for every demographic looking to make a sound investment for the future.
With well over a lakh people residing across various group-housing societies distributed across several complexes in diverse sectors, the Dwarka Expressway region is highly coveted from an investment standpoint. Additionally, this high-profile Gurgaon neighbourhood is popular among homebuyers looking for homes across various price brackets ranging from low-cost, mid-priced, premium, or luxury housing. Dwarka Expressway provides unparalleled connectivity, excellent social facilities, and a highly enhanced urban sustainability index.
With a steadfast promise to deliver a better standard of living and more significant returns on investment, the current declaration on the start of vehicular operations in 2023 will surely invigorate developers, investors, and end-users. Additionally, the Dwarka Expressway is all set to change the face of Gurugram and endow a new cosmopolitan cultural appeal to the Millennial City. To this end, the Haryana State Government has allocated an 8.4 km corridor to develop a metro network linking Palam Vihar and Dwarka Sector 21. Scheduled to commence in 2023, this metro line would stimulate future expansion projects in the Dwarka Expressway region.
Envisioned as one of the country's most strategic highway projects, the Dwarka Expressway is positioned to be a lucrative investment destination for both homebuyers and commercial investors. With its incomparable logistical interconnectivity and ultramodern social infrastructure, the demand for real estate across the Dwarka Expressway will continue to proliferate as more and more homebuyers look to invest in homes that offer integrated lifestyles. The completion of the highway will not only encourage developers and investors but will also significantly bolster property appreciation across the real estate market in Delhi-NCR.
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