Dwarka Expressway Status Update: Punjab Haryana HC Gives The Nod. Residential Real Estate Prices Expected To BoomDUNSTON KANE April 5, 2017 0 COMMENTS
Dwarka Expressway has already been approved by all the legal bodies concerning infrastructure and other buildings. One such important judicial body is Punjab Haryana High Court and even they have given a green light to residential properties which will be built on the lands adjacent to the Dwarka Expressway.
Dwarka Expressway status was hanging in thin air for a long time but with this confirmation many builders are already hovering on the top places adjacent to the Expressway to build townships or buildings as well.
Dwarka Expressway is also known as the Northern Peripheral Expressway and it will be around 150 metres wide and 18 kms long.
Faster development of properties
With the HC clearing the pending issues regarding Dwarka Expressway on 21st April, plots will be allotted for possession by developers or individual investors as well from April 10. The plots will be used to build lavish and comfortable apartments and townships for people who are planning to move on the expressway.
Around 14.5 km of the 18 km long Dwarka Expressway has already been completed which makes this project a top priority among the big realtors and other housing companies. The Dwarka Expressway is being built to connect Dwarka in Delhi to Kherki Dhaula in Gurgaon. This will make commute for people who work in these area and live on the other side easier and safer.
Why most developers are eyeing the properties adjacent to the expressway?
The real estate prices of the surrounding area of Dwarka may even to drop because of the optimum conditions which will be offered by the residential properties and townships being built near the expressway.
The expressway will provide for a faster route to many posh areas of Delhi and it will connect Gurgaon directly to IGI airport which is the international airport of Delhi. This is one of the biggest reasons why the real estate prices of the surrounding area will go down completely.
Experts have already stated that the houses which are developed near the airport are always top priority for everyone. Thus, townships which will be built there in the future will also have higher prices.
Not only this, but Dwarka itself is a well-developed township and the time and rate for travelling from Dwarka to Gurgaon will come down significantly, thanks to this expressway. Also, a diplomatic enclave and golf course is being planned in Dwarka which will add to the lavish expressway.
There are several legal blockages which are holding back the project because it is long and will pass through several kuccha roads in Gurgaon and Delhi as well. The first major issue regarding this Dwarka expressway status for hold-up from Punjab Haryana HC has already been cleared so this has come as a respite to the people who are involved in the development of the expressway.
Moreover, the Delhi part of the expressway is already complete as it was just a short portion of 4km. Out of this 4 km, 3.2 km has already been built.
Still, there are a lot of areas of the project which needs to be developed properly and it will take time before developers can start building townships and residential buildings on the expressway. After the expressway will be completed, work will start on the various sector roads and the 8 lanes of the expressway as well. The sewerage lines of the expressway also have to be completed well in time.
So, if you have been looking for properties in this region, it is time you meet the developers and enquire about their projects today.