Real Estate

Everything You Should Know About Dwarka Expressway

Everything You Should Know About Dwarka Expressway


The Northern Peripheral Road (NPR), often known as the Dwarka Expressway, was once slated to be an 18 kilometer length without any traffic signals. The project was expected to be finished by 2012; however obstacles with land acquisition caused delays. Inexplicable problems including tree transplanting, lawsuits, pandemic-induced lockdowns, and successive building restrictions to reduce air pollution slowed the work even though 14 km of the original 18 km were finished by 2016. However, several additional routes to the project's scope were planned and approved throughout time, bringing its length to the present 29 km.
Construction on the remaining section of the Expressway in Gurgaon eventually started in November 2019 after years of delays, while it did so in Delhi in September 2020. The 19 km-long Gurgaon patch is now under development and expected to open in December 2022, while the 10 km Delhi patch will require some more time.


Dwarka Expressway: Overview of the Project
•    A highly anticipated project of the Haryana Urban Development Authority (HUDA) is the Dwarka Expressway 
•    The Gurgaon-Manesar Master Plan, 2031 has identified it as a key focus point.
•    An area of one kilometer has been set aside for the building of a railway over bridge along the project as part of an agreement between Indian Railways and the Haryana Urban Development Authority (HUDA).
•    Because it would provide direct access to the Indira Gandhi International (IGI) Airport and Gurgaon, the project will have an advantage over other expressways.
•    It will greatly increase traffic flow between Gurgaon and Delhi.
•    Following the court's ruling in September 2013, HUDA has provided the petitioners in communities around the Dwarka Expressway with fair compensation and land space.
•    The Delhi Metro Rail Corporation (DMRC) suggested a metro rail line along the project, however it has not yet received clearance. By doing this, metro connectivity between Gurgaon and Delhi would be made easier.
•    At Delhi's IGI Airport, Terminal 3 (T3) will be accessible by a five-kilometer tunnel known as the Delhi Airport Tunnel Expressway.


Route Map of Dwarka Expressway
The 29-km long Dwarka Expressway follows the following route alignment:
Delhi
•    Mahipalpur- begins at Shiv Murti on the NH-48's 20-km marker.
•    Airport Indira Gandhi International
•    Dwarka
•    Railway station in Bijwasan
Haryana
•    Gurgaon's New Palam Vihar
•    Kherki Daula Toll Plaza ends here and connects to the Southern Peripheral Road (SPR) and the Delhi-Mumbai Expressway 


Dwarka Expressway: Real Estate Effects
Numerous residential real estate buildings have been developed because to the Dwarka Expressway's Gurgaon section. Sectors 83, 84, and 99-113 along the route are residential, whereas Sectors 105, 106, 109, 110, 110A, 111, 112, and 113 are commercial.
Numerous residential projects are being built along the Dwarka Expressway by renowned real estate developers. The Dwarka Expressway has expanded the options available to both homeowners and real estate investors. Both Gurgaon and Delhi are highly populated cities that draw working professionals from all across the nation. Property prices are high in both locations as a result of the existing real estate availability not keeping up with demand. However, because they are significantly less expensive than those in Gurgaon and Delhi, the burgeoning housing complexes along the Dwarka Expressway are thought to be able to meet the expanding demand.
Looking at the scope of real estate along Dwarka Expressway, several renowned developers.  These developments, which cater to mid-segment and high-segment groups and provide 2 BHK, 3 BHK, and 4 BHK flats with house prices ranging between Rs 20,000 per sq ft and Rs 50,000 per sq ft, are dispersed in different areas along the Expressway. As the expressway's completion date approaches, most of these sections have seen significant price increases. There are various initiatives here for affordable housing. These regions have excellent e-way connections to Delhi and Gurgaon. The rental demand in these places isn't on par with that in more developed neighborhoods, but it is anticipated to increase as the stretch becomes more accessible.

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Source from: navimumbaihouses