Becoming high growth for the Delhi-Gurugram corridor
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Apr 4, 2024 | Page No.: 68 | Position: Inside Page | Source: Kausar Firdausi | Sq Cm: 465 | AVE: 521106 | PR Value: 2605530
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OUTLOOK initiative Becoming high growth for the Delhi- Gurugram corridor The inauguration of the Dwarka Expressway marks a cornerstone in enhancing the connectivity within the two cities boosting real estate development and igniting economic activity in the vicinity India South-East Asia Middle East Africa mere 7-8 now This project specifically the TOP STOREY CBRE this infrastructure will not only greatly 15-km inside Gurugram around alongside Kausar Firdausi enhance connectivity but also elevate or in distant areas there are many sectors Alia the region s real estate landscape The like Sector 84 which are towards Gurugram Wiith the Dwarka Expressway anticipation surrounding the expressway that have been connected to Sectors 109 finally inaugurated recently over the last decade has already ignited a 110 and 113 which are nearer to Delhi it marks a cornerstone in surge in residential development especially where a lot of residential projects have enhancing the connectivity in sectors bridging Gurugram and Delhi been launched in the last 10 years within the Delhi-Gurugram region With the expressway now complete we are elaborates Magazine boosting real estate development and witnessing a promising downturn in unsold Manish Aggarwal senior MD - North igniting economic activity in the vicinity inventory levels in these sectors from a East India JLL is of the view that the This development holds the promise of significant 25-30 eight to 10 years ago to a impact of this enhanced connectivity on easing traffic congestion and drastically the realty market cannot be understated as cutting travel times between the two cities evidenced by the staggering 67 4 increase Furthermore the expressway s proximity to The Dwarka Expressway s in sales In just a year the number of units significant developments and the projected improved connectivity is likely sold skyrocketed from 7 413 in 2022 to extension of the Delhi Metro Magenta Line an impressive 12 409 in 2023 with a total accentuates its appeal making it a hotspot to see demand from end-users value of around E125 000 crore It is worth for real estate investment particularly from sectors such as highlighting that an overwhelming 97 of Industry experts and stakeholders foresee 101 102 106 110 these units were still under construction at a notable appreciation in property and land 111 and 113 the time of sale indicating the high demand prices in the vicinity potentially rising in the for pre-construction residences Notably coming years offering lucrative returns on the introduction of approximately 11 270 investment for early investors According SRIRAM MAHADEVAN residential units accounting for over two- to Anshuman Magazine chairman CEO - MD Joyville Shapoorji Housing Pvt Ltd thirds of all new launches in Gurugram is a testament to the significance of this easy access to the Indira Gandhi monumental project Presently there International Airport the region will are 29 742 units under construction become highly desirable for both in this submarket with an estimated investors and homebuyers The completion date of 2024 for improved connectivity is likely to sec 45 13 476 of the inventory demand from end-users particularly elucidates Aggarwal What sets this from Dwarka and sectors such as 101 development apart are its unique 102 106 110 111 and 113 which attributes including the country s have already started seeing huge first elevated urban expressway and demand from working professionals an innovative single-pillar flyover As and homebuyers alike opines Sriram this positive momentum continues Mahadevan MD Joyville Shapoorji we can anticipate a steady influx Housing Pvt Ltd of commercial and retail ventures With the recent approval granted accompanied by a growing variety to Gurugram metro rail project of high-end residential offerings and the Haryana government s adds Aggarwal vision for a sprawling residential Since very inception of the 29-km and commercial hub Saurabh road developers flocked to grab Shankar VP - sales AIPL highlights large land parcels and thereafter the emergence of the Dwarka launch several housing projects Expressway as a lifestyle destination along the expressway In fact It promises lucrative returns investors considered it as one of especially on projects by Grade-A the most promising and fruitful developers Take for example AIPL s investments As anticipated there Joy District at Sector 88 which is has been a spurt in real estate activity appealing both for personal use over the years While the project and as an investment opportunity missed many deadlines its recent proclaims Shankar inaugural will inevitably boost the Over the past year prices in these real estate prospects of the area areas have surged significantly due because of improved infrastructure to rapid infrastructure development in and around the region Moreover with more potential value yet to we will see more than 10 515 housing be unlocked along the expressway units ready for possession within the This surge is not merely a numerical next two years in the region informs increment as it symbolises the Santhosh Kumar vice chairman outcome of years of anticipation and Anarock Group With excellent the realisation of the expressway s connectivity to the NH 48 IT ITES potential to elevate the entire region hubs in Cyber City IMT Manesar concludes Abhishek Raj founder and Pachgaon and Udhyog Vihar and ECO Jenika Ventures