If location is the prime barometer of pricing and appreciation of property values, then owning a home next to an upcoming national highway may just be a no brainer, especially when many investors are staying away due to a soft market. It has been proven time and again that most prudent investments are made when everybody else isn’t in favour of owning that particular asset, be it – gold, stocks, bonds or real estate. Dwarka Expressway, a 18 km upcoming road project between Dwarka at New Delhi and National Highway 8 at Gurgaon was envisaged several years back as an alternate route to the National Capital. Gurgaon over the years has seen dense development. This made the travel on National Highway 8 between the city and Delhi cumbersome. Thereby Dwarka Expressway, a proposed 150m wide road, will come as a respite to frequent commuters as they would have avoided the busy stretches near the already established business districts of Gurgaon.

Severe delays marred the road construction, resulting in investors including real estate developers losing not only their investment capital but even hopes in the property market of this region. That said, if one were to investigate the Dwarka Expressway real estate market closely today, he would find ample signs that are indicative of better prospects from here on–

1.DECLARATION OF NATIONAL HIGHWAY

Honourable Minister of Road Transport & Highways (India), Mr. Nitin Gadkari, recognising Dwarka Expressway as an important infrastructure development in the NCR region, declared it a National Highway (2016) thus paving way for speedy development and better upkeep of the road. One of the major issues plaguing this road project was of land acquisition in certain pockets. The status of a national highway allows the government to take necessary steps and get more cooperation from various bodies. The big beneficiary of these better sentiments will be the region of Upper Dwarka Expressway (areas closer to New Delhi), Gurgaon will be at a comfortable distance (~2 minutes) from the upcoming National Highway.

2.MAJOR IMPROVEMENTS TOWARDS GURGAON LEG

One can see that the Gurgaon leg of Dwarka Expressway (nearly 70% of the road) is more or less connected today. The road that exists is good to drive on and it is expected that several arterial roads will also come up in the coming days. Ancillary infrastructure activities such as water pipelines, power sub stations and sewage facilities are all under works. Even the Chief Minister of the State of Haryana is now tracking the project development very closely and has made several positive announcements in this regard.

3.RESIDENTIAL PROJECT DELIVERIES

While close to 50,000 homes are under construction in this region,With people moving into their homes, there is also a demand for renting out properties all along the Dwarka Expressway and this will push the government to amplify efforts for road development.

4.INCREASING HABITATION

The residential complexes at Dwarka Expressway were planned as an alternate to the busy and established areas of South Delhi and Gurgaon. Thereby many complexes are coming up with low density construction and ample amenities.Such facilities can’t be found in housing complexes of Delhi. Thereby habitation of Upper Dwarka Expressway.

5.UPCOMING DEVELOPMENT OF SOCIAL INFRASTRUCTURE

While residential developments can now be seen all across the sectors, commercial and social establishments were still missing. However now several service apartments, retail spaces, schools, hospitals and others are seen under construction at various places along the upcoming Dwarka Expressway. The Upper Dwarka Expressway is already connected to Palam Vihar area of Gurgaon which has all necessary provisions that a family will need.

Note:-
The one thing most investors have learnt by investing in this market of NCR is that it is of utmost importance to value delivery track record and quality of development of a real estate company, otherwise external factors such as delay in infrastructure improvements can be a double whammy. Gurgaon is coming up with all promises that one of the leading brands in real estate has to make to investors in this market of NCR.