Mr. Bharat Kumar, Director, Spaze group
Dwarka Expressway, also known as the Northern Peripheral Road (NPR), has emerged as one of the top property hubs in the National Capital Region (NCR). Connecting Dwarka in Delhi to NH-8 near Manesar in Haryana, the 27-km-long, eight-lane expressway is a significant infrastructure project that eases traffic congestion on existing routes.
The strategic location of Dwarka Expressway has been a significant factor contributing to its growth as a commercial real estate destination. The expressway is close to Indira Gandhi International Airport, Gurgaon, and Delhi, making it an ideal location for businesses looking to set up their offices. Additionally, it is well connected to the proposed metro corridor, which will further boost its connectivity.
The Haryana government has identified several areas along the expressway for commercial development. Many developers have already acquired land in the area to develop commercial spaces. With the availability of commercial plots, the expressway is expected to become a hub for commercial activities such as shopping malls, office spaces, and standalone commercial outlets.
Furthermore, the surge in demand for Shop-Cum-Office (SCO) spaces has led to an increased focus on developing such properties on Dwarka Expressway. SCO spaces are a unique concept that offers retail and office space in a single location. Small and medium enterprises highly seek them as they provide cost-effective solutions for office and retail spaces.
Dwarka Expressway has also emerged as a prime destination for real estate investment, with a surge in commercial and residential projects in the area. The region offers a wide variety of options for buyers regarding affordability and luxury quotient. The presence of leading corporate real estate developers and prestigious names in Delhi NCR has contributed to the area’s development.
The world’s longest elevated road covering a distance of 29 km between Shiv Murti in Delhi and Kherki Daula Toll in Gurugram on NH8, will further boost connectivity in the region. The Haryana government has also developed many regional projects to turn Dwarka Expressway into a hot destination. The location is also a hotbed for several new and significant developments. One such initiative has made it a part of GMDA’s Comprehensive Mobility Management Plan (CCMP) to boost its connectivity further.
The Haryana government has a grand vision for Dwarka Expressway. Most of it has been implemented, with many more projects at the planning stage. Coupled with connectivity and proximity to Gurugram and the international airport, the region is fast emerging as one of the most lucrative realty destinations. For real estate buyers, both for investment and residential purposes, it provides an alternative to Millennium City that is healthy and at par with international standards.