Express Way: First 8 Lane Highway Will Be Built in The Country, Work Will Be Completed By 2024
Express Way: Due to major infrastructure boost and increasing trend of investment-oriented buying, the real estate sector in the national capital is witnessing a major transformation. According to a report released by CREDAI and Colliers Liaisons Foras, Delhi-NCR stood second with housing prices rising 14 per cent in the second quarter due to strong housing demand and stable interest rates.
As per ETN report, housing prices increased by 46 per cent year-on-year in Golf Course Road, 40 per cent in Dwarka Expressway.
A major reason for the increasing demand for housing in Delhi is the development of extensive infrastructure in the city. The government's commitment to improving connectivity and urban infrastructure has given rise to many ambitious projects. Which will redefine the landscape of the city. The work of Dwarka Expressway is a big example of this.
Important places in NCR region
Dwarka Expressway will have a fully automated tolling system and the entire project will be equipped with an intelligent transport system (ITS). Each of the four packages of the expressway has a high probability of completion. There are many shopping centers and multispecialty hospitals there to make Dwarka a self-reliant centre. The work of Asia's largest convention center worth Rs 25,000 crore has started. New business parks, IT parks, hotels and retail areas will be built around the convention centre. Ankit Kansal, MD, 360 Realtors, said, “Meanwhile, work is also underway to develop luxurious golf courses, diplomatic enclaves, eco-parks and football stadiums.
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A 3-lane service route is also being built on both sides of the expressway. The total length of Dwarka Expressway is 29 km. Out of which 18.9 km is in Haryana. And 10.1 km are in Delhi. Surender Kaushik, MD, Aryan Reality Infratech Pvt Ltd highlighted its strategic location and availability of strong infrastructure making it an ideal destination for aspiring entrepreneurs. Other areas of Dwarka have already seen extensive development. Which surround this area.
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According to ETN report, housing prices in Delhi NCR have been increasing continuously for the last 12 months. While most cities have witnessed double digit price growth in the second quarter of 2023. After the global pandemic, people's priorities have changed. In which owning a safe and comfortable home is important. Also a great investment to save money.
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India's first 8-lane elevated access control expressway
Dwarka Expressway, India's first elevated 8-lane access control urban expressway, is being built as part of a plan to decongest Delhi, Union Minister Nitin Gadkari said in a PTI report. Before April 2024. Mohit Goyal, MD, Omaxe Group, said, “We see immense potential in this region. We envision building a world-class real estate project that offers a Reason: Amazing and comfortable experience to investors and customers.
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date: November 21, 2023
Posted By Sunil