The much-awaited Northern Peripheral Road,also referred to as the Dwarka-Gurgaon Expressway,will not only act as a catalyst to Gurgaons growth,but will also ease the pressure on NH-8.
Gurgaon isn't mushrooming anymore,it is literally exploding.Visit any part of Gurgaon today,and you can see construction activity at a pace that is nothing short of frenetic.
The buzz is hard to miss and there is action everywhere.With a large number of offices,hospitals,hotels,apartments,and retail malls here,the population of Gurgaon is all set to double in the next few years.And,needless to say,the roads and the infrastructure being provided by the government needs to keep up with the pace of population expansion.
The main arterial road to Gurgaon,the NH-8 toll road,currently handles more than 2,00,000 vehicles per day (far higher than the original projections).As more and more apartments and office complexes are completed,
the pressure on this
already very busy road is bound to be enormous.
Commuters will certify that it takes a good 10-12 minutes to cross the toll gate during rush hours.The much-awaited Northern Peripheral Road,also referred to as the Dwarka-Gurgaon Expressway,will not only act as a catalyst to Gurgaon's growth,but will also ease the pressure on NH-8.The 18kmlong,150-meter-wide road will connect Sector 22 in Dwarka to Kherki Daula in Gurgaon.The government of Haryana has awarded the construction contract of approximately 14.5km of this road to Indiabulls in April 2011,with a target to complete the dual carriageway (4 lanes) by April 2012.For the portions of land under stay,the government is working to rehabilitate the affected landowners by giving them alternative plots.
With the completion of this road,Gurgaon will be closer to Delhi than ever before.The International Airport T3 is just 3km away from the new residential sectors carved out by this road.The new diplomatic enclave being created by DDA in Sectors 25-29 of Dwarka will be a mere 1km from Sectors 111 and 113,the first of the sectors as one enters Gurgaon.
Several real estate players like Sobha Developers,Indiabulls,Ramprastha,BPTP,Raheja and Uppals have already announced projects in this area,though the prices vary and are determined by the location of these projects.For luxury projects at good locations,the rates vary in the range of Rs 5,500-6,000 per sq ft,while for simple specifications off the expressway,the rates are Rs 3,600-4,000 per sq ft.
As and when the expressway (double the width of the present NH-8 ) is complete,it may well change the face of Gurgaon real estate market.As the areas this road carves out are far closer to the airport and South Delhi,they may steal the march over sectors around the Golf Course Extension Road or Sohna Road.
Time will tell,but the excitement over Gurgaon's growth and the challenges it faces,remain palpable.
