Dwarka Expressway to revolutionize real estate market in Delhi-Gurugram corridor: CBRE

financialexpress.com:

As part of the Development Plan 2031 for the Gurgaon Manesar Urban Complex (GMUC), the Dwarka Expressway, also known as the Northern Peripheral Road (NPR), has been developed as a northern ring road. This expressway provides additional connectivity between Gurgaon and Delhi, serving as an alternative route to the existing NH 8.

Due to the rapid increase in traffic between Delhi and Gurgaon on NH 8 and other road networks, there has been a consistent demand to complete the Dwarka Expressway promptly. In 2006, the Haryana Urban Development Authority (now known as the Haryana Shahari Vikas Pradhikaran or HSVP) planned an 18-kilometer stretch between Kherki Dhaula and Najafgarh Road as an alternative to NH-48.

Initially referred to as the Northern Peripheral Road (NPR), this project spurred several real estate ventures by the early 2010s. However, by 2014, only 16.6 kilometres of the project had been constructed, with work on critical sections at Kherki Dhaula and Bajghera halted due to legal disputes. Subsequently, in 2017, the project was transferred to a central agency, which decided to extend the Dwarka Expressway all the way to Shiv Murti near Mahipalpur in Delhi.

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Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE, said, “Dwarka Expressway marks a cornerstone in enhancing the connectivity within the Delhi-Gurugram region. The expressway transcends its role beyond a transportation link, acting as a pivotal force for economic and infrastructural revitalization. It is bound to redefine the real estate landscape in the vicinity. The anticipation surrounding the expressway over