From the past decade, Gurgaon has emerged as a truly global city thanks to its futuristic lifestyle and elements. The city is now home to various multinational corporations, business giants, industry leaders, and entrepreneurs – coining it as the millennium city and making it one of the preferred real estate destinations in Delhi/NCR. This transformation and tremendous growth witnessed by Gurgaon in the past few years has resulted in a huge real estate boom. The arrival of MNCs not only brought an increase in demand for commercial properties but with that MNC culture also came an influx of skilled and educated people as the workforce in Gurgaon, which directly led to a rise in demand for residential properties.
As more and more developers dotted the city’s skyline with their offerings to cater to the growing demand, it paved way for the top investment hotspots of Gurugram. Here is a snapshot of the best Dwarka Expressway, a top real estate investment in Gurgaon.
Dwarka Expressway or Northern Peripheral Road (NPR)
While New Gurgaon is expected to become a realty hotspot thanks to the strategic connectivity and infrastructural developments, the connectivity would go a notch higher with Dwarka Expressway, a 27.6-km long, under construction, 8-lane, controlled-access urban expressway that connects Dwarka, Delhi, and Gurgaon. The expressway starts from Km 20 of NH-48 (old NH-8) at Shiv Murti in Mahipalpur in Delhi and terminates at Km 40 of NH-48 near Kherki Daula Toll Plaza in Gurugram in Haryana. The NPR has been planned as an alternate road link between Delhi and Gurgaon, and is expected to ease the traffic situation on the Delhi-Gurgaon Expressway. The NPR is also connected to Southern Peripheral Road, National Highway 8, and several educational institutions, shopping complexes, and hospitals are also located in the region boosting the social infrastructure. According to the Union Transport Minister Nitin Gadkari, the deadline for completion for Dwarka Expressway has been set on August 15, 2022.
This urban expressway has a cascading effect on the real estate in Gurgaon and surrounding regions and the developers are optimistic that it will escalate property prices and accentuate realty prospects. Developers are also coming up with several luxury projects seeking the demand coming from pilots, HNI customers, entrepreneurs from Delhi which will make Dwarka Expressway a hub to luxury properties. Its strategic location and excellent connectivity have made Dwarka Expressway a preferred destination for homebuyers. Further, a proposed Dwarka Expressway metro corridor, which will connect Gurgaon Sector 23 to HUDA City Centre is currently in the works and is expected to reach completion by 2023.
The Golden Opportunity
With an improved connectivity, enhanced infrastructure and rapid urbanisation are the main reasons for the growth in the real estate sector of Dwarka Expressway. Connectivity complemented with an educational and health infrastructure with the presence of top-notch schools, hospitals and even high-end hotels, Dwarka Expressway is fast emerging to become the top investment property hotspot in Gurgaon, which is expected to fetch good returns on investment in the years to come. And with the ongoing pandemic, many IT businesses are looking to extend the work from home culture, as a result, homebuyers are focusing on spacious residences located in less densely populated locations, regardless of their proximity to employment. The work-from-home culture has given a rise in suburban demand, and end-users/investors are likely to find reduced prices, great discounts on properties from developers and attractive bank loan, and subvention schemes. It’s a golden time to invest in a property that will only appreciate and bring high returns.
