Dwarka Expressway Raises Realty Prospects in New Gurugram

Bolstered by strategic connectivity and infrastructural developments, New Gurgaon has emerged as the realty hotspot over the past few years. The connectivity is set to go several notches higher with the inauguration of the first urban expressway- Dwarka Expressway in

BY Realty Plus
Published - Wednesday, 14 Apr, 2021

Dwarka Expressway Raises Realty Prospects in New Gurugram

Bolstered by strategic connectivity and infrastructural developments, New Gurgaon has emerged as the realty hotspot over the past few years. The connectivity is set to go several notches higher with the inauguration of the first urban expressway- Dwarka Expressway in 2022. The 29-km expressway connects Dwarka, Delhi and Gurgaon. It is being built in four packages, out of which 18.9-kilometre is in Haryana, while the remaining 10.1-kilometre is in Delhi. The 29km expressway will originate at Shiv-Murti on National Highway-8 and terminate near Kherki Daula Toll Plaza. The NH-8 currently ferries approximately three lakh passengers daily. The commissioning of this expressway will divert 60% of traffic from NH-8, thereby reducing congestion and minimizing air pollution. The project will also generate around 50,000 direct and induced employment opportunities. Furthermore, with the inauguration of a cloverleaf interchange at the intersection of Central Peripheral Road (CPR) and Southern Peripheral Road (SPR), traffic will seamlessly move between the SPR and Dwarka Expressway, (also known as the Northern Peripheral Road (NPR), bypassing the Delhi-Gurugram Expressway (NH-48). The project will also have a cascading effect on real estate in Delhi, Gurgaon and surrounding regions. Developers are optimistic that it will escalate property prices and accentuate realty prospects. Krisumi Corporation, is first of its kind joint venture between Japanese firm Sumitomo and India's Krishna Group and is currently developing a 30- acre project on the 65- acre land parcel in Gurgaon. The project called Krisumi Waterfall Residences is located in Sector 36A, Gurgaon and has direct connectivity with Dwarka Expressway. Dwarka Expressway will comprise the four levels- the longest (3.6 km) and most expansive (8 lanes) urban road tunnel/ underpass, at-grade road, elevated flyover and a flyover above flyover. The cost of the project is estimated at Rs 8,662 crores. It is being developed as part of the Bharatmala project. Bharatmala is the new umbrella program for the construction of highways across India, focusing on optimizing freight and passenger movement efficiency across the country. A total of 24,800 km of highway construction will be considered in Phase I that will be implemented from 2017-18 to 2021-22.

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