While the Prime Minister Narendra Modi on Monday inaugurated the Haryana section of the famous Dwarka Expressway, real estate experts say it is an important moment for the real estate industry in Gurugram as well as Gurugram, the Millennium City, radiating optimism and expansion. It was said that the expressway will enhance traffic flow and alleviate the congestion that exists that exists between Delhi as well as Gurugram via NH-48.
The length of the Dwarka Expressway is 29 kilometers and of that, 18.9 kilometers are located in Haryana The remaining 10.1 km are located in Delhi.
On March 9 in 2019, the former Union ministers Sushma Swaraj Arun Jaitley as well as Nitin Gadkari set the groundwork of Dwarka Expressway. In addition, the prime minister hosted a road show in the area.
Dwarka Expressway is India’s first elevated access control 8-lane urban expressway that is being built at a cost estimated to be approximately Rs 9,900 crore, which is part of the government’s Rs 60 million highway development plan for the NCR to reduce congestion in the capital city. This Haryana portion of Dwarka Expressway was constructed for around $4100 million and includes two sets of 10.2-km Delhi-Haryana Border Basai Railway-over-Bridge (ROB) in addition to 8.7-km Basai ROB to Kherki Daula.
It will also offer direct connection with the IGI Airport located in Delhi as well as the Gurugram Bypass. Haryana chief minister Manohar Lal Khattar as well as the Minister for Road Transport and Highways Nitin Gadkari were also present at the ceremony.
Pradeep Aggarwal is the founder and chairman of Signature Global (India) Ltd declared, “The unveiling of the Gurgaon section of the Dwarka Expressway marks a significant landmark for the property sector as well as the Millennium City, radiating optimism and expansion. The project is state-of-the art and has a modern, eight-lane expressway that strategically connects important places in Delhi as well as Gurugram and is transforming the landscape of Gurgaon’s housing market. The project is an evidence of the government’s commitment to creating an urban center that is dynamic.”
The official added that the new expressway would not just offer better connectivity to the vicinity in SPR, New Gurugram and Sector 37D at Dwarka Expressway but also act as an incentive for price appreciation and promise bright prospects in the property industry throughout the entire region.
Aman Sarin, director and chief executive officer of Anant Raj, stated “From the perspective of real estate the conclusion of the Dwarka Expressway will benefit the thousands of homebuyers who have invested in properties within this region. In addition the achievement will open many land parcels that are available for development and will open up new possibilities for Residential and commercial Projects.”
Mohit Jain, managing director of Krisumi Corporation, said major infrastructure projects serve as engine for economic growth. This is the reason why the government puts these developments on the top of its agenda. The real estate industry greatly benefits from better connectivity.
Vipin Sharma, the founder as chairman and founder of Aarize Group, said past obstacles to mobility in cities can be overcome. and present opportunities are being made use of and the future promises for rapid growth. Connectivity improvements not only draw investors, but also encourages the sustainable development of cities, resulting in lively communities, and unlocking huge economic potential. “As real estate developers, we are awestruck by these initiatives because they are not only beneficial to real estate industry but also help to the overall wellbeing and sustainability of the area.”