Great News for Residents of Old Colonies near Dwarka Expressway
Housing is one of the major concerns of individuals as well as families. Despite not liking it people have to leave their homes behind in pursuit of higher studies or job opportunities. From here the search for a home – big or small, own or on rent, begins. With increasing population and lack of space, there has been an increase in the vertical expansion in major cities. A huge number of townships from various developers are coming up in Delhi and NCR. However, with the upcoming Dwarka Expressway, things are going to change for the better as well as worse.
Formation of Dwarka Expressway also referred to as “Northern Peripheral Road” is an almost 28 km long, 8-lane express highway that connects Dwarka in Delhi to Gurugram in Haryana. It is expected to put the traffic congestion issue at ease on the Delhi-Gurugram highway. The alternate road link initiates from Mahipalpur in Delhi and terminates near Kherki Daula toll plaza in Gurugram in Haryana.
A huge boon to Gurugram’s economy, it is expected to bring a huge change in the fortunes of the residents of people with property in and around the expressway. With a huge number of residential projects by major real estate developers like Raheja Group, Tata Housing, Indiabulls, ATS etc. there is no dearth of good houses. Direct connectivity to Gurugram and IGI airport is an additional edge that it has over other highways like the Yamuna Expressway.
The real estate price of existing properties near the Dwarka Expressway is expected to increase with the completion of the project. The rates of some of the old colonies located in the vicinity of Dwarka Expressway are expected to almost double. The increase in the rate of infrastructure development in these areas is responsible for the increase in the circle rate of property here. In case one wishes to sell their property or is in the mood to buy a new one in the various upcoming projects on Dwarka Expressway, this is a perfect time. For your old property, you can get good rates which can be utilized to purchase another property. In this scenario, there is a requirement for good property dealers. Real estate agents like South West Real Estate have gained popularity because they have an immensely talented team that shows the best properties and gets the best deals.
