Real Estate Developers reaction on Dwarka Expressway inauguration by PM Modi to boost property market in Gurugram

Nayan Raheja of Raheja Developers
The inauguration of NCR’s most-awaited connectivity development, Dwarka Expressway, has been a prominent move for us as it has elevated the real estate market of the sectors along the stretch. The development has not only eased commute with the national capital but has also increased investment across projects from both residential and commercial segments. With tremendous price appreciation of properties ever since the construction of the stretch began, the Expressway has brought a boost to the region’s economy as well as its allure, with numerous amenities being developed along the route.

Amit Gupta, Director - Orris Group, stated, "Dwarka Expressway’s opening is a welcome move for Gurugram’s real estate, as the development has made a huge impact on the region’s growth among investors. The convenient access that it has brought to the prospective buyers of the region has increased the flow of both developers and buyers to Gurugram, with numerous sectors along the stretch benefitting from it. The stretch has also elevated connectivity to significant corridors, including the proposed Delhi-Jaipur Super Expressway, IGI Airport, and more, making it a location worth investing in."

Rohit Mohan, Senior Vice President of BPTP Group said, “The Dwarka Expressway is poised to revolutionize the real estate industry by significantly reducing travel time between Delhi and Gurugram. As a result, property prices are on the rise, fueled by increasing demand for both residential and commercial properties. This presents a lucrative opportunity for investment, with Sector 37D emerging as a particularly promising location. Its strategic positioning along the bustling Dwarka Expressway makes it highly attractive to prospective buyers and investors alike. With improved connectivity and accessibility, coupled with the anticipation of future development projects, Sector 37D is witnessing a surge in interest. As the demand for properties in this area continues to soar, it offers the potential for substantial returns on investment. For individuals seeking to capitalize on the burgeoning real estate market in Gurugram, investing in Sector 37D presents a compelling opportunity for long-term growth and profitability.”

Sachin Gawri, Founder and CEO, RISE Infraventures
The opening of the Dwarka Expressway by our Hon’ble Prime Minister is one of the most-awaited developments for Gurugram’s real estate, as the expansion has significantly boosted the area's appeal among investors. Gurugram has witnessed a surge in the number of developers and investors due to the easy access it has provided to potential buyers in the area, inviting investors to different sectors of Gurugram along the way. The section is worth investing in since it offers improved access to significant locations, including IGI Airport while promising a remarkable return on investment.
 

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd. said, "The unveiling of the Gurgaon segment of the Dwarka Expressway marks a significant milestone for the real estate sector and  the Millennium City,  radiating optimism and growth. This state-of-art project includes a modern eight-lane expressway, which strategically connects key locations of Delhi and Gurugram and reshaping the landscape of Gurgaon's property market. The project stands as a testament to the government's dedication to fostering a dynamic urban centre. As the expressway undergoes phased development, it is contributing significantly in the progress of across the city locations, drawing attention from both homebuyers and investors alike. This new expressway would not only provide a better connectivity for the close vicinity and locations of SPR, New Gurugram & Sector 37D at Dwarka Expressway, it would be a catalyst for price appreciation and promises a bright future for the real estate market in the region.”

S K Narvar, Group Chairman, Trident Realty says “Dwarka expressway is one of the significant infrastructure developments which not only enhances connectivity between Delhi and Gurugram but also opens up new opportunities for real estate development. The economy in the region is expected to receive a significant boost due to the infrastructure development brought by the expressway. Developments along the route are positioned for significant growth and value appreciation, due to improved accessibility and connectivity. The enhanced infrastructure and connectivity are attracting investors and potential homeowners, driving demand for both residential and commercial properties. This surge in demand is not only reshaping the real estate landscape but also fostering economic development in the region, creating a vibrant environment for both growth and investment.”

Pankaj Pal, Managing Director, Whiteland Corporation said, "The inauguration of the Gurgaon segment of the Dwarka Expressway by our Prime Minister Narendra Modi heralds a new era for the real estate market in the region. The completion of this groundbreaking infrastructure project not only signifies enhanced connectivity but also serves as a catalyst for the exponential growth of the realty sector in Gurgaon. The Dwarka Expressway, with its strategic linkage from Shiv Murti near IGI Airport to Kherki Daula toll, is set to redefine the accessibility and convenience of residents, making Gurgaon a prime destination for property investment. This elevated eight-lane expressway, a marvel of modern engineering, not only offers a seamless commute to New Delhi but also acts as a key driver for property price appreciation in Gurgaon. The commitment of Rs 9,000 crore towards this infrastructure project underscores the government's dedication to fostering economic development and creating a conducive environment for real estate growth.”
He further added, “As the Prime Minister conducts a road show along the Dwarka Expressway, showcasing its efficiency and connectivity, prospective homebuyers and investors can expect a surge in demand for properties in the vicinity. The completion of this expressway is not just about reducing travel time; it's a strategic investment that amplifies the desirability of Gurgaon as a residential and commercial hub. The realty market in Gurgaon is poised for a significant upswing, and property prices are likely to witness a steady appreciation, making this an opportune moment for those looking to invest in the future of urban living in Gurgaon.”

Vipin Sharma, Founder & Chairman, Aarize Group said, “We envision the transformative power of projects like the Dwarka Expressway, which symbolize a paradigm shift in connectivity and infrastructure. With an investment of Rs 9,000 crore, this development not only links Gurugram and Delhi seamlessly but also catalyzes growth in the real estate sector. Past hurdles in urban mobility are being overcome, present opportunities are being seized, and the future holds promise for exponential growth.
Enhanced connectivity not only attracts investors but also fosters sustainable urban development, creating vibrant communities and unlocking immense economic potential. As real estate developer, we embrace such initiatives as they not only benefit the real estate growth, but also contribute to the overall prosperity and livability of the region.”

Ashish Sharma - AVP Operations, Brahma Group said, “The inauguration of the 19-km stretch of Dwarka Expressway by our esteemed Prime Minister Narendra Modi marks a milestone in the region's development journey. It will significantly reduce travel time between different corners of the two cities, enhancing the commute for the travellers. Besides, this much-awaited infrastructural development will be a catalyst for the rapid economic growth of the region. With the emergence of dynamic commercial hubs, premium complexes, and integrated recreational facilities, the region has experienced a profound revival.  This has also led to a surge in demand for property along its route reflected through the new launches and the healthy price appreciation. Developers recognize the immense potential of this corridor as it holds a new era of prosperity, attracting both domestic and international investor’s interest and further promising robust economic growth. This key development is likely to open up new avenues of business and commercial activity in and around the region which will certainly bring a positive impact on the real estate market.”