FOCUS - Dwarka Expressway: On the move
With recent developments, Dwarka Expressway has become the new epicentre of growth
With the Punjab and Haryana High Court clearing the roadblock stalling construction of 2.5km stretch of the road on Dwarka Expressway, the region is, once again, all set to witness speedy completion of the remaining portion of the Northern Peripheral Road (NPR).
Taking about the same, Navin M Raheja, CMD, Raheja Developers Limited, says, “The news brings an additional joy to the owners, buyers and developers who have projects on that stretch at different stages of construction. This has brought relief to thousands of buyers who had invested in this region and were stuck since long due to the stay order. This translates to the fact that the confidence of buyers in the same zone will go up considerably.“ Asserting the fact and how the decision will bring relief for thousands of homebuyers, Sunil Coudhary, CMD, Kashish Developers Ltd, says, “The decision has brought relief to owners of 40,000 housing units constructed along the proposed road, which do not have proper access because of the incomplete NPR.“
Speaking about how the verdict will impact the growth of this area, Rajesh K Gouri, VP, Sales and Marketing, Homestead Infrastructure, avers, “The recent judgment by Punjab and Haryana High Court on the construction along a 2.5 km stretch of Dwarka Expressway, has brought cheers in the market, and both, developers and buyers have welcomed this judgement.“
With current prices ranging between `5,500 and `13,000 depending on the location and the project, the prices are all set to soar in the days to come.
Pankaj Bansal, director, M3M Group, says, “With decision on the impending litigation, and renewed efforts to complete the Expressway in full speed, the real estate projects in the vicinity will experience a positive boom in the form of higher return on investment (ROI) to investors, which in turn, will provide the much required boost to the region.“
Talking about the issue, Manish Aggarwal, VP CREDAI NCR, and MD, Satya Developers, says, “With this verdict, that day is not too far away when Dwarka Expressway will end the daily struggle of the commuters stuck in bottlenecks, gridlocks and crawling traffic on the current Delhi-Gurgaon Expressway.“
With projects expected to be completed in the coming times, the stretch seems to hold a lot of potential.