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Dwarka Expressway Shows Steady Price Appreciation since the

Dwarka Expressway, also referred to as Northern Peripheral Road is an 8-lane expressway that links Gurgaon with Dwarka.

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Dwarka Expressway Shows Steady Price Appreciation since the

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  1. Dwarka Expressway Shows Steady Price Appreciation since the Last Five Years

  2. DwarkaExpressway, also referred to as Northern Peripheral Road is an 8-lane expressway that links Gurgaon with Dwarka. • This 18 kilometre long expressway is one of the hotspot real estate destinations in the Delhi/NCR-Gurgaon belt and offers tremendous investment opportunities for investors and home buyers. • In fact according to latest information, residential property prices in Dwarka Expressway have hiked quite rapidly and by almost three-fold in the last 5 years. • This has created a hubbub in Delhi/NCR realty market. • There are number of reasons why Dwarka Expressway has been doing exceedingly well in the past few quarters. • However the proposed infrastructure plans and easy connectivity are two main factors that are presently influencing the jump in property price in this stretch. • DwarkaExpressway is presently under-construction and is being developed by Indiabulls Group. • Once completed this expressway would be much wider than NH-8 and is expected to be the best connecting link for people commuting from Delhi to Gurgaon. Browse Sulekha Property for more information on upcoming projects, price trends etc Visit property.sulekha.com

  3. Dwarka Expressway enjoys close proximity with Delhi and also with New Delhi Indira Gandhi International Airport. • This ensures that the property price in this stretch will be good in the future and also that it will offer an improved quality of life for its dwellers. • In addition to these, according to the Master plan for Dwarka Expressway, 100 metres wide roads linking this area with the planned diplomatic enclave and the Metro corridor will be built. • With this expressway being built near upcoming SEZs close to KherkiDhaula, it will be another reason for planned commercial development in the region and also more advantageous for people working in proximity to invest here and thereby lessen their commutation time from West Delhi. • Despite price hike and speculations that the expressway will be one of the coveted destinations for residential investment in the country, its construction is moving at a snails’ pace. • The primary reason for this is litigation issues with respect to acquisition of land for a 4-km long belt. • However, despite this stumbling block, prominent developers like Raheja Group, Shobha Developers, Tata Housing, BPTP, Assotech, Ramprastha, Mahindra Lifespace, Godrej Properties and Ansal Housing among others have already launched their projects here. Browse Sulekha Property for more information on upcoming projects, price trends etc Visit property.sulekha.com

  4. In actual fact, this expressway has seen the launch of nearly 18,000 residential units in the mid-range, premium and ultra-luxurious segment in the last four-five years, which are at different stages of construction and is expected to get around 24,160 more residential units in the periods 2013-2018. • For potential investors, Dwarka Expressway is a great place for investment. • It is mainly good for people who can hold on to their property for about three to five years’ time i.e. till Dwarka Expressway gets completed fully and enjoys proximity with commercial areas in Sectors like 105, 106, 110, 111, 113, 114, etc. • With the expressway also falling in the R-zone of Gurgaon’s Master Plan 2021, the value of property in this stretch is all the more likely to rise considerably. • In addition to these favourable settings, people looking to invest can find a variety of housing choices, depending on their budget, property size and amenities needed. • With a number of prominent realty developers in the midst of constructing housing units, one can definitely find their dream house here. • The residential property price in Dwarka Expressway has seen a sharp appreciation of nearly 205% during the last five years. • As per information, the residential property price which was around Rs. 2,300 per sq. ft. in the March-April 2009 has hiked to Rs. 7,100 per sq. ft. in March-April 2013. • With the area only showing scope for further hike and no clear signs of any kind of realty bubble, investing in Dwarka Expressway for now seems to be a very appealing financial decision. Browse Sulekha Property for more information on upcoming projects, price trends etc Visit property.sulekha.com

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