The launch of the Dwarka Expressway in Gurgaon is predicted to enhance real estate prices in the vicinity by 30-40%. Because of the increased interest in the area, numerous developers have launched projects along the Expressway, driving up home prices.
The completion of the Dwarka Expressway is expected to have a significant impact on the Gurgaon real estate market in terms of both demand and price escalation.”
“The opening of the Dwarka Expressway will provide seamless interstate connectivity between areas of Delhi, Gurgaon, and Manesar, causing a positive response to construction of the new projects in the area,” stated Vivek Singhal, CEO of Smartworld Developers.
The price of houses in the neighbourhood is expected to rise dramatically, by 20-40% from current levels. Smartworld Developers has announced the start of their latest project, Smartworld One DXP, in Sector 113.
“The Expressway will have a significant impact on the region’s residential and commercial real estate markets, with property prices expected to rise by 30-40%.” The enhanced infrastructure will drive economic growth, giving the real estate sector a considerable boost.
“The opening of the Expressway is expected to unlock the potential of the rapidly growing locale, making this upcoming event a lucrative opportunity for property investors looking to maximise their returns,” said Kunal Rishi, COO, Paras Buildtech.
Paras Arcade 114, commercial SCO plots at Sector 114 Dwarka Expressway, was recently launched by Paras Buildtech. The construction of the Dwarka Expressway is also projected to benefit the region’s general real estate market.
“The Dwarka Expressway is one of Gurugram’s most promising real estate corridors.” “Aside from improving the city’s connectivity, the opening of the Expressway will have a significant impact on Gurugram’s real estate market,” said Aman Trehan, Executive Director, Trehan Iris.
Gurugram’s housing market has seen a considerable price increase of around 13% in the recent year. Furthermore, commercial leasing in office and retail space is growing up with solid demand, offering excellent returns on investment and greater rental yields.
The Expressway is intended to boost not only the local real estate market, but also the region’s general economy. The improved connectivity is expected to attract more enterprises to the area, resulting in job creation and an overall economic benefit.
“As a result of the improved connectivity between Gurgaon and Delhi, demand for properties in the area is expected to rise.” The expressway’s construction is also expected to attract new investors and homebuyers, making Gurgaon an even more appealing destination for professionals,” stated Pradeep Aggarwal, Founder & Chairman, Signature Global.
Source-ET
