1) Rajat Likhyani, Associate Principal Partner, Square Yards
The inauguration of the much-awaited Dwarka Expressway by Prime Minister Narendra Modi will act as a harbinger of real estate development and economic growth in the region. Besides enhancing the connectivity quotient of adjoining areas including Gurugram, Sohna, Faridabad, and New Delhi, the expressway will stimulate investment opportunities in nearby business parks, logistics hubs, new townships, creating a dynamic ecosystem for businesses, residents and investors alike. Various sectors across the expressway have already emerged as prime hotspots for real estate, commanding prices ranging Rs 12000-15000 per sq ft. With the expressway now operational, prices are anticipated to zoom up by 10-15% in the coming months. Gurugram and Sohna will have a ripple effect of this development, fueling a transformative shift in business and real estate activities. We may witness realtors announcing a slew of uber-luxury projects in the near future, catering to the surge in demand from premium investors and homebuyers.
2) Mr. Mohit Jain, Managing Director, Krisumi Corporation
Major infrastructure projects act as a catalyst for the economy. This is the reason the government prioritizes such developments. Real estate as a sector immensely benefits on improved connectivity.
The Gurugram stretch of the Dwarka Expressway is expected to generate a similar positive impact. We anticipate continued robust demand for various types of properties in Gurugram, particularly near the expressway, for the next few years. This growth will likely encompass both residential and commercial sectors. The luxury housing market is also expected to perform well
With a significant decline in unsold inventory Gurugram's real estate market has displayed strong demand in recent years, with. A report by a leading consultant shows a remarkable 27% decrease in unsold housing units in Gurugram during 2023 alone. Looking ahead, the anticipated high demand fueled by the Dwarka Expressway opening is likely to lead to a further reduction in unsold properties. We can expect a surge in new launches, including both residential and commercial projects. In fact, we see a huge possibility of Dwarka Expressway emerging as a major hub for both residential and commercial development not just in Gurugram, but in the entire NCR region
3) Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limite
The Delhi-Gurugram has seen tremendous growth after completion of Jaipur Expressway and became major hub of economic and infrastructure activities. Similarly, completion of Dwarka Expressway is poised to be a transformative event, particularly in the National Capital Region (NCR), with Gurugram set to experience significant benefits. This new expressway promises to alleviate congestion on the Delhi-Gurugram stretch, offering another corridor of growth to Delhi and Gurugram.
From a real estate perspective, the completion of the Dwarka Expressway will benefit the numerous homebuyers who have invested in properties in this region. Additionally, this milestone will unlock numerous land parcels for development, presenting fresh opportunities for both Residential and Commercial Projects. Given the already robust demand for properties in Gurugram, the expressway's completion is expected to further stimulate the market, driving up demand and potentially boosting demand of Commercial Real Estate
The overall impact is anticipated to be highly positive, not only for the real estate sector but also for the broader urbanization efforts in Delhi & Gurugram. With improved connectivity and accessibility, the expressway is likely to catalyze further growth and development, setting the stage for a more vibrant and dynamic urban landscape in the regio
4) Mr Ravi Shankar Singh, Managing Director, Residential Transaction Services, Colliers Indi
The formal inauguration of the Dwarka expressway will further drive consumer interest in the area. The improved connectivity will see occupancy levels improve as rents are more affordable compared to Delhi and Gurgaon offering a better lifestyle. We can expect more developer interest in this micro market leading to increased housing supply in future.
No comments:
Post a Comment