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Prime Minister Narendra Modi recently inaugurated the much-anticipated Dwarka Expressway, a significant 29-kilometer infrastructure project aimed at improving traffic flow and decongesting the busy Delhi-Gurugram corridor. This first phase opening focuses on the 19-kilometer Gurugram section of the expressway and is expected to have a major impact on both travel time and the real estate market in the area.
The Dwarka Expressway is a first-of-its-kind eight-lane elevated urban expressway in India. It will connect Dwarka in Delhi with the Kherki Daula toll plaza on NH-48 in Gurugram. Previously, commuters faced heavy traffic congestion on NH-48, a major bottleneck on this route. The expressway offers a faster and more convenient alternative, potentially reducing travel time between the two cities significantly.
Experts predict a boom in property prices along the Dwarka Expressway corridor with the opening of this new route. This area was already attracting significant interest from developers in anticipation of the expressway's completion. Several new residential projects have sprung up in recent years, catering to various budget segments. With improved connectivity and reduced travel time, these properties are expected to become even more desirable. Analysts estimate a potential rise of 10-15% in property and land prices along the corridor in the next few months.
The expressway is well-connected to other key areas like Old Gurugram, Golf Course Road, and major peripheral roads, including the Central Peripheral Road and the Southern Peripheral Road. This network of connections, spanning over 51,500 units launched in the Dwarka Expressway micro-market between 2013 and Q1 of 2023, opens up new possibilities for economic and infrastructural development along the corridor. Analysts believe the expressway will not only benefit commuters but also act as a catalyst for further growth in the region.
The Dwarka Expressway is a welcome addition to the Delhi-Gurugram infrastructure landscape. With its potential to ease traffic congestion, improve connectivity, and boost the real estate market, this project is expected to have a positive long-term impact on the entire region. The remaining section of the expressway in Delhi, estimated to cost over INR 9,000 crore, is expected to be completed soon, further enhancing the benefits of this crucial infrastructure development.
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