Dwarka Expressway and SPR Turn New Gurugram Into a Property Hotspot
New Gurgaon comes with excellent connectivity to some other important cities of NCR, becoming a hotspot for property buyers. After the increase in demand, property prices are increasing by 4-5 percent every quarter in Gurgaon. The real estate sector in Gurgaon has been growing rapidly over the last decade with better connectivity through metro networks, highways, and expressways.
Gurugram also witnessed spectacular infrastructure development, especially Dwarka Expressway, SPR Road, Cyber Hubs, MG Road, DLF Phase 3 & 4, sector 37D, 71, 76, 77 and 84. The real estate players said that Gurugram has become a property in Gurugram and its emerging micro market, especially New Gurugram.
Gurugram’s real estate market has come to know the demand for mid-income and luxury homes. This comes with New Gurugram, sector 37D, 71, and 84 along with Dwarka Expressway and Southern Peripheral Road. The sector has experienced double-digit capital value jumps in the recent past, drawing significant buyer interest. The ongoing infrastructure blitz, especially the metro expansion, upcoming Global City, and RRTS are propelling Gurugram’s real estate, with Dwarka Expressway’s imminent arrival ensuring a sustainable demand. In this way, the brand and compliant players are gaining market share, ensuring an increasing customer acceptance, Ravi Aggarwal Co-founder and managing director of Signature Global (India) Ltd.
The surrounding area of Dwarka Expressway has become the first choice for people not only for development but also for investment. It has also become an emerging dynamic real estate hub not only in Gurugram but also for the entire NCR. The area has become the first choice for investment but also this area is 27 km long and the 8-lane Dwarka Expressway that connects with NH-8 near Dwarka Expressway in Delhi and Manesar in Haryana will become a traffic jam. The distance hour will be covered in minutes and the people living nearby will be benefited.
Being the business and IT hub of Gurugram, in fact, the integration of Dwarka Expressway has come with its accessibility to the international airport making this area the first choice for people. Due to better connectivity through the expressway the Delhi, Gurugram, Sohna Road, and Airport. It has also become a convenient place for people as well as a better place to build a house. Moreover, the Haryana government has recently given a proposal, including a substantial increase of nearly 70 percent in the circle rate for areas like Golf Course Road and along Dwarka Expressway.
Similarly, a 40 percent to 80 percent increase in the circle rates is proposed for agricultural and commercial land in Badshahpur, in Wazirabad Tehsil; the government is considering a 60 to 70 percent hike in residential and commercial land rates. Now, the stamp duty in Gurugram is an average of Rs 125 crore per month for the state government.
This is fueled by burgeoning demand, robust infrastructure, and unwavering government interest, Gurugram promises a radiant for real estate enthusiasts. The golden avenues along Southern Peripheral Road (SPR) and Dwarka Expressway are hotspots of investment brilliance.