Comment on Dwarka Expressway by Rajat Likhyani, Associate Principal Partner, Square Yards
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Below the Comment on Dwarka Expressway by 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.
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