5 reasons for buying property on Dwarka Expressway
In recent years, the
real estate slump has proved to be somewhat a beneficial deal for if not
everybody but home buyers at large. Prices of real estate being at consecutive
low for a long time, properties of many places have faced a hit and hence
subsequent decrease in sales.
One such place which
was immune to this hit was the real estate market of Gurgaon, the micro-market,
even being in the depths of difficulties sustained a fair intent to develop and
grow.
According to real
estate experts, properties located near the National Highway-48A and the
upcoming sectors of new Gurgaon which include sectors like 95,99,88B, 101, 105,
109, 112, 113 and many others, have an opportunity to garner the interest of
home buyers.
According
to MagicBricks.com and Pareena Om Apartments yield meter,” Dwarka
Expressway had done exceedingly well in the Oct-Dec FY2012-13 quarter with its
proposed infrastructure.”
So what makes
properties in these sectors worth investing in?
We have stated 5
reasons for buying property on Dwarka Expressway :-
Appreciation for your price
MrAlimuddin
Rafi Ahmed, MD of International Land Developers states that the Dwarka
Expressway lies in the R-zone in the Gurgaon master plan 2021. The upcoming
residential projects in Dwarka Expressway and Under
Construction Project in Gurgaon hold a significant opportunity to the increasing value of
residential as well as commercial spaces in Delhi-NCR. Just like Golf course
road properties,the property that once invested in here will only grow in the
further years exponentially once the Dwarka Expressway is fully functional. The
price ofa residential property in Dwarka Expressway has witnessed a major jump
and is expected to go further from Rs 7000 per sq ft in 2013 and now standing
at Rs. 4,590 - 5,398/sq. ft. with a growth of 1.72% from one quarter to
another.
Third major connector to Delhi
The 18 km long and
150m wide Dwarka Expressway also known as the Northern Peripheral Road connects
Gurgaon to Delhi along with the NH-48-and the Mehrauli-Gurgaon Road and is the
third major connecting road. It connects areas like Dwarka, Palam Vihar and
Kherki Daula further connecting to the NH-48A near the Gurgaon-Manesar toll
plaza. It also connects to multi transit-oriented facilities like the Delhi
Metro, IGI Airport and railway stations.
Steal deals on residential property in Dwarka Expressway
Since the initial
proposal of Dwarka Expressway through Gurgaon and beyond, it attracted many
leading construction giants and real estate projects. Not only it has the
luxury living but also includes many projects under the PMAY and HUDA’s
affordable residential property in Gurgaon umbrella. Home buyers have an option
to choose from builder groups such as TATA Housing, Raheja, ATS, DLF,
Indiabulls, Supertech etc and more than 120 residential projects among these.
Major services and facilities just minutes away
The properties on
Dwarka Expressway are to a proximity to hospitals, schools, upcoming metro
route. Public utility services like water supply, power lines and sewage plans
are already laid out and are under the process of completion.
Not just residential
property in Dwarka Expressway, but there is a lot of scope for commercial
spaces such as malls, multiplexes and new and upcoming IT/ITSez office spaces
which are the lifeline of the millennium city of Gurgaon.
The lesser, the more
Because the stretch is
still under construction there is ample area to stretch its wings and room to
develop. With the drop in price, thanks to demonetization, RERA and increase in
FAR, buyers get value for money for their investments. They are expected to get
50% more return for their investment in the later years. For customers looking
to settle for the next 3-5 years, it is a great investment option and will be
more appreciable than Sohna Road in the near future.
Not just the Dwarka
Expressway alone, the adjoining areas of Gurgaon are a part of the Gurgaon-Manesar
master plan 2031 and have the potential and charm to it.
Hence the already
completed and upcoming residential projects in Dwarka Expressway are a real
seller for the long run.
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