11-03-2024 06:00 PM | Source: PR Agency
Comment on Dwarka Expressway by Mohit Jain, Managing Director, Krisumi Corporation

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Below the Comment on Dwarka Expressway by 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.

 

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