New Gurgaon and Dwarka Expressway
The stretch between Gurgaon and Dwarka is seeing significant buyer and investor interest and is one of the promising realty markets in the National Capital Region (NCR). It is also close to the international airport. Dwarka Expressway, also called the Northern Peripheral Expressway, when complete would be an eight-lane expressway, being developed by the Haryana Urban Development Authority (HUDA) at a cost of Rs 120 crore. As a part of the Gurgaon-Manesar Master Plan 2021 (Urban Complex Plan), the expressway will connect Dwarka to National Highway 8. The proposed location will stretch 18 kms, starting from Dwarka and the forthcoming special economic zones in Gurgaon and would join the NH 8 near Kherki Dhaula. The expressway will cut the travel time from west Delhi by half. This area is a part of ‘New Gurgaon', which is being developed with better infrastructure, to match the standards set by Greater Noida. The E-way already enjoys a decent infrastructure in terms of schools, shopping centers, hospitals in Palam Vihar, Gurgaon and Dwarka. The current rate at which reputed developers are selling their residential apartments are in the range of R3,000-4,500 per sq ft for mid-segment projects. The luxury projects are in the range of Rs 5,500-6,500 per sq ft. These prices are almost half of what is now prevailing in Gurgaon, and almost one third when compared with the prices prevailing in Dwarka.
