Dwarka Expressway inauguration by PM Modi to boost property market in Gurugram
Prime Minister Narendra Modi inaugurated the Haryana section of the Dwarka Expressway today, heralding a new era for the real estate market in the region. With this, the Dwarka Expressway-New Gurgaon cluster is expected to see more holistic development of real estate on the back of operational expressway.
“The inauguration of the much-awaited Dwarka Expressway by PM Modi will act as a harbinger of real estate development and economic growth in the region. Besides enhancing the connectivity quotient of adjoining areas, including Gurugram, Sohna, Faridabad, and New Delhi, the expressway will stimulate investment opportunities in nearby business parks, logistics hubs, new townships, creating a dynamic ecosystem for businesses, residents and investors alike,” said Rajat Likhyani, Associate Principal Partner, Square Yards.
Various sectors across the expressway have already emerged as prime hotspots for real estate, commanding prices ranging Rs 12000-15000 per sq ft. With the expressway now operational, prices are anticipated to zoom up by 10-15% in the coming months.
“Gurugram and Sohna will have a ripple effect of this development, fueling a transformative shift in business and real estate activities. We may witness realtors announcing a slew of uber-luxury projects in the near future, catering to the surge in demand from premium investors and homebuyers,” added Likhyani.
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The Dwarka Expressway-New Gurgaon residential cluster is experiencing great buyer traction as a result of infrastructure enhancement and quality supply. Since reputed developers have launched residential projects, it has emerged as the hub of
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