According to a new Master Plan,the proposed Dwarka-Gurgaon Link Expressway will reach Delhi near Dwarka Phase II,the site of a new diplomatic enclave,and connect the current Metro corridor running parallel to the road.Once this project is complete,the area will become one of the hottest real estate zones in New Gurgaon.
Dwarka-Gurgaon Link Expressway is being promoted as the next and hottest real estate destinations.This prime location of New Gurgaon makes the developing area as one of the most soughtafter destination for the rapidly growing residential,commercial and retail needs.Today,rates in Dwarka-Gurgaon Expressway have almost doubled,from over Rs 2,500 per sq ft to over Rs 5,000 per sq ft.
In Dwarka-Gurgaon Expressway region,more than two dozen builders like Chintels India,Sobha Developers,ATS,Raheja,Earth Infrastructures,Emaar MGF,Puri Construction,BPTP,Raheja,Uppal Housing,Mahindra Lifespaces,and Bestech have launched their projects and started the construction work.
Why Dwarka-Gurgaon Expressway
Dwarka-Gurgaon Link Expressway became the talk of the town with work starting on it.The 150-metre-wide and 18km long Dwarka Expressway is likely to be completed within two years,although,originally,it was slated to be completed by October 2012.
But due to a land row (now solved),the project had been delayed.Indiabulls had bagged the contract for Rs 43.32 crore.The shift to NPR (Northern Peripheral Road) is solely because it will provide faster access to the airport and connect close to the 100m-wide road proposed in the new Master Plan.
According to the new Master Plan,the proposed Dwarka-Gurgaon Link Expressway will reach Delhi near Dwarka Phase II where a diplomatic enclave is being developed,and connect the current Metro corridor running parallel to the road.Once project is completed,the area will become one of the hottest real estate zones in New Gurgaon.
The road starts from Dwarka crosses Bijwasan,New Palam Vihar,Kherki Daula and finally meets at NH-8.Sectors 99-113 and Sectors 83 and 84 are going to reap rich dividends.There will be a commercial belt touching Sectors 105,106,109,110,110A,111,112 and 113 with Sectors 100 and 101 being for public utilities.And,then,Sectors 114 and 88 are fully commercial.Other residential sectors that are little far away from the expressway but will benefit from it are Sectors 81-86,89-93 and 95.
Property scene
In the Dwarka-Gurgaon Expressway region,the Gurgaon's real estate development success story starts with the Chintels Group.The group has a land bank of around 500 acres,which primarily spreads across the Gurgaon region.Rather than building a housing and commercial project or a township,they plan to develop their land bank in a focused manner by systematically developing the area to include townships,several grouphousing projects,an IT park,commercial,retail,hospitality projects,and a professional campus.They have named this concept as Chintels Metropolis,an umbrella name under which all the projects will be developed.Prashant Solomon,the joint managing director of Chintels India Ltd,says: "We are coming up with Chintels Paradiso,a group housing project in the first phase of Chintels Metropolis,spread across Sectors 106,108 and 109 of New Gurgaon on 12.3 acres of land.There will be over 500 apartments.These new residential sectors,bordering Dwarka Phase II are being promoted as the next hottest real estate destinations."
"The International City,a part of Chintels Metropolis,is being developed in Sectors 106 and 109 of Gurgaon,over 150 acres.Luxury villas and row houses are being built in the International City.There will be a total of 850 villas (including 665 for sale and rest for the EWS).The first phase will include around 200 villas.The project will be of world-class design and quality with proximity to Delhi,especially to the IGI airport and Dwarka,being its USP.This township will have facilities like shopping malls,commercial buildings,a distinctive club,schools,a dispensary,creche,etc,along with other essential institutions and services,"Prashant Solomon says.
Getamber Anand,the CMD of ATS Group,says: "Here,ATS Kocoon,a grouphousing project on 11 acres,is being developed in collaboration with the Chintels Group.It is a gated residential project designed by the renowned architect Hafeez Contractor.It is spread lavishly across Sector 109.There will be a total of 444 apartments to cater to more than two thousand families."
Situated on the T-junction of 75-metrewide and 60-metre-wide sector roads,various commercial projects of the Chintels Group are to be developed in Sector 114 Gurgaon,over 30 acres.A professional campus on 35 acres is to be developed in Sector 115.Several farmhouses bordering Delhi have already been developed,which are over 50 acres.
Developers in Dwarka-Gurgaon Expressway
Developers in these sectors are Emaar MGF (Sectors 107,102,103,99,82,84),Sobha Developers (Babupur and Bajghera),Puri Construction (village Chauma),BPTP (Sectors 99,102,104,113 and other sectors),Raheja (village Pawla),Uppal Housing (Sector 99),Mahindra Lifespaces (Sector 110A) and Bestech (Sector 81,82,92),Vatika (Sectors 82,83),Earth Infrastructures (Sector 112).SARE launched Green Parc Phase III of their Crescent Parc in Sector 92.
Scope for real estate development
Navin M Raheja,the CMD of Raheja Group,said: "The authorities concerned,like HUDA,should choose from other best practices and aim to provide infrastructure at and around the Northern Periphery Road (NPR) before large-scale development takes place.This includes sector roads,water and sewerage mains,electric sub-stations,etc.The biggest risk for any buyer in this area is the potential delay in construction of the NPR,which would have a domino effect on developments in this area."
"The appreciation of property prices will be good near this area.Another factor is the proximity of these areas to Dwarka-Gurgaon Link Expressway,which will help the residents here bypass the traffic at Gurgaon toll near Delhi,during peak hours.Keeping this in mind,we have already launched a number of projects in and around this expressway,"Navin Raheja said.
Vikas Gupta,the director of Earth Infrastructure,says: "The areas near the forthcoming expressway are expected to become posh areas,as this expressway will meet the second diplomatic enclave of Delhi,in Dwarka.We can say that this area will become as desirable as Shanti Niketan and Vasant Vihar.We have launched a residential project,Earth Copia,in Sector 112."Bhim Yadav,the MD of Falcon Group,says: "Undoubtedly,this area will get a boost by the expressway.If the proposal by the authorities to let developers do the sector roads comes through,it will be a boon for the area."
Delhi-Gurgaon connectivity
Praveen Kumar,administrator of HUDA (Haryana Urban Development Authority ),says: "We asked DDA officials to start the process of land acquisition on their side to build the Dwarka road,which could be connected to the NPR Expressway.This road is already notified and incorporated in the Delhi Master Plan."
"The DDA has already done a feasibility study for the proposed 80-metre road,which is going to be an extension of the road cutting through Sectors 27 and 28 in Dwarka.Surprisingly,the proposed NPR Expressway starts from NH-8 in Gurgaon,and terminates around 1.8km ahead of the Delhi-Gurgaon border.For another 1.2km,there is no road between the state border and the Bijwasan Road,as the DDA is supposed to construct it.In the absence of a nearly 3km road link,the NPR Expressway terminates in a field,at present.
