Tuesday, 9 February 2016

Things You Should Know About Dwarka Expressway

Dwarka Expressway, otherwise referred to as the  “Northern Peripheral Road” is an 18 kilometer long and 150 meters wide stretch being developed to connect Delhi with Gurgaon and Dwarka with National Highway 8. The Expressway connects with NH 8 at Kherki Daula. It will also pass Pataudi Road which, along with Dwarka Expressway is buzzing with real estate interest as they are close to three prominent highways.

14 things about Dwarka Expressway which you should know before investing in property here:

Dwarka expressway has been the major focal point in the Gurgaon - Manesar Master Plan 2031 that entails all the details of land allocation for developmental activities.

Each and every facet of the project is preplanned and the progress is rapid. Leading real estate developers like Tata Housing, Raheja Group, ATS, Ramprastha, Puri Constructions and Indiabulls have more than 120 residential projects in Dwarka Expressway. All of them are campaigning for a speedy progress of the expressway.

Dwarka Expressway manages to have an edge over other highways like Yamuna Expressway because of its direct connectivity to the Indira Gandhi International Airport and Gurgaon.

After Chanakyapuri, another diplomatic enclave i.e. a place where all the diplomats have their residences and offices is coming up right along the Dwarka Expressway.

Dwarka Expressway will significantly facilitate a smoother traffic inflow between Delhi and Gurgaon as a 75 meter wide road runs parallel to it to evacuate intermediate traffic.

Northern Peripheral Road is a project of Haryana Urban Development Authority, and there has been a settlement between HUDA and the Indian Railways to develop a railway over bridge in it. An area of 1 kilometer has been allocated for the same. A major impediment in the completion of the project was the land acquisition issue raised by those people who hold plots and houses in Dwarka Expressway. HUDA, taking a stand on this issue, granted legitimate compensation and land area to the petitioners in localities such as sector 110 A and 37 C after abiding by the court’s verdict for a reestablishment program on September 30, 2013.

An amount of Rs.1,233 crore has been sanctioned by the authorities to the actual land owners as compensation, which has still maintained the interest of the investors in the project.

As Gurgaon holds a significant number of the working population, the current traffic inflow is posing severe problems to regular commuters. With the Dwarka Expressway, this problem seems to be solved.

In order to match up to the prevailing standards of the millennium city, Gurgaon and the capital, some renowned names have invested in property in Dwarka Expressway in the residential, education, hospitality and healthcare sectors.

Metro rail corridors in Dwarka Expressway are already  approved, which will facilitate off - road connectivity between Gurgaon and Delhi.

Assignments regarding electricity cabling and water supply are already being taken up, and will be completed by the end of this year.

Sewage disposal system and other public utilities have also been proposed by the state government so that the area turns out to be a world class residential and commercial infrastructure.

In current times, purchasing property alongside major expressways are seen as having a higher profit margin. If you are an analytical home-buyer, such connectivity along with world class infrastructure is like a cherry on the cake. The promise of upcoming infrastructure and the rapid development already in place helps to portray property in Dwarka Expressway as a real estate trend that definitely looks like it will go only upwards from now.

Source: PropertyatNeoDevelopers.Wordpress.Com

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