The Dwarka Expressway, connecting Dwarka in New Delhi to Gurugram’s Kherki Daula, covers 29 kilometres and has spurred the development of a whole new microcity according to industry experts and local residents. The Gurugram portion of the highway is expected to be inaugurated on 11th March by Prime Minister Narendra Modi. The project is valued at Rs. 9,000 crore and is being built across four packages (two each in Gurugram and Delhi). NHAI (National Highways Authority of India) officials have stated that close to 99% of work is already done for the Gurugram stretch, while 90% of the work is complete for the Delhi portion.
The entire zone around the expressway is already dotted with gated communities, high-rises, and condominiums, while properties have witnessed a near-doubling of prices in the last five years. Sectors near the Dwarka Expressway are the most popular micro-markets in Delhi-NCR’s luxury housing category at present, due to higher demand from buyers who seek aspirational and updated lifestyles according to Ashish Rai, Senior Vice President, Square Yards. He also states that close to 45,000 units have been launched in the last decade between Sectors 99-115 along the Expressway. Out of this tally, almost 20-22,000 units have been delivered already, with present average luxury property prices hovering at Rs. 15-17,000 per sq. ft.
Rai also expects further appreciation of approximately 10-15% once the expressway becomes fully functional. He also adds that the zone will see more branded residences being launched in the ultra- luxury category. New shopping malls and complexes are coming up along the expressway along with schools and hospitals. 15 years earlier, when the Expressway manifested itself as the Northern Peripheral Road (NPR), just a few real estate brands started developing projects on the periphery. These included DLF, Vatika, and Ramprastha, among the first movers. Currently almost all the leading Indian realty players like Tata Housing, Godrej Properties, Sobha, and Shapoorji Pallonji, among many others, have projects in this zone.
Several apartment buildings are already occupied on both sides of the Dwarka Expressway. Buyers include residents of Delhi looking for a congestion-free lifestyle and young Gurugram professionals aspiring for better lifestyles. The Gurugram Metropolitan Development Authority (GMDA) is also working on upgrading master roads in sectors located beside the Expressway. It has already been upgrading the outer road in Sector 114-A and the road between 102-102A in tandem with the one between 106-103. Service roads will be built on both sides with other amenities according to the GMDA.
A Global City is also coming up along the Dwarka Expressway, courtesy of the Haryana Government, which will be a huge business district in the National Capital Region (NCR). This project is expected to cover around 12 million square metres in built-up area with offices, retail zones, schools, hospitals, innovation centres, residential towers, start-up spaces, and incubation centres, along with cultural and hospitality hubs. There will be a contiguous 6-kilometre green corridor and a big water body along with a multimodal transportation network with a metro line linked to the Gurugram metro. A single utility duct will include the whole infrastructure like Gujarat’s GIFT City. This city is being benchmarked against similar global projects in Singapore and Dubai and will provide a work, play, and live environment with balanced social, commercial, and residential facilities. It will also have centralized surveillance with tracking and traffic management systems in addition to a central control and command centre.
Developers can obtain clearances to build sky-high towers, since there is no bar on high-rise buildings within the project. 100 electric buses will soon be deployed throughout the emerging sectors along the Expressway and in the stretch between Delhi and Gurugram. This will boost public transportation in the entire area as well.
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Published Date: 8 March, 2024
