The Rise of Investment Haven
The Dwarka Expressway is the fertile belt in real estate terms and it is also an investment hotspot yet to be fully exploited. The advent of the proposed Dwarka Expressway, about a decade and half ago, saw the property prices rise astronomically in Gurugram when this corridor was just 18km long under the aegis of the Haryana government. Subsequently, in 2016-2017, the bureaucratic control of the Dwarka Expressway was handed over to NHAI and its stretch was increased from the borders of Gurugram through Mahipalpur Shiv Murti to provide connection to NH-8, leading towards the airport as well as national capital.
Effect on the Real Estate Prices in the Region
This event set of a real estate boom in Gurugram and the fate of property owners turned in their favor as asset appreciation witnessed unprecedented proportions – circular rates increased tremendously as well as the number of sale depended on the people for want of investment. This growth was primarily stimulated due to the vicinity of the area from the foreign airport investor.
Major Developments Driving Growth
DMIC, the proposed global city project, the maruti plant in kharkhoda, the new flipkart plant along the kmp have brought miraculous growth and investment opportunities in and around the dwarka expressway. This has turned the area into a budding real estate hub and changed the face of the city.
Continuous Real Estate Expansion in Gurugram
It is beyond doubt Gurugram has suffered appreciation in the real estate sector growth, posting very commendable quarter-on-quarter growth rates that are above the country’s average in several real estate surveys. What lies at the center of this development is the Dwarka Expressway, extremely ideal and professionally designed residential and commercial buildings.
Role of Real Estate Promoters
However, the role that real estate promoters have had in the more comprehensive outlook of the city is an important one, in particular, the areas which have the Dwarka Expressway since it has raised its bar as one of the most sought after areas for the investment in the country. In this regard, the region along and beyond the Dwarka Expressway has been a source of expectation for many individuals willing to invest in land. The spectacular changes for the build out of the region’s first skyline are signalling out the commencement of several residential and commercial real estate developments such as becoming effective in the new FAR regulations which are expected to enhance urbanization in the entire NCR region.
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