Proposed Delhi-Mumbai expressway to boost Sohna’s real estate business

| | Gurugram
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Proposed Delhi-Mumbai expressway to boost Sohna’s real estate business

Monday, 22 February 2021 | Parvesh Sharma | Gurugram

The construction of the Delhi-Mumbai expressway which will pass through Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra will help Sohna, in Gurugram, to emerge as another new business hub, as the project will help in boosting investment with improved road connectivity.

There are several sectors around the under construction Dwarka Expressway and on the Delhi-Alwar expressway (NH-248A) where there has been a spurt in affordable housing. Also affordable and plotted colonies are being developed in Sohna region. With this expansion, Sohna will also be able to compete with Cyber hub, Golf Course Road and Golf Road Extension Road.

Sohna’s sector-28A and 36 have evolved into affordable and mid-segment hubs. Group housing, builder floors and villas are being built in the region.

Sectors around Dwarka Expressway have started gaining momentum in addition to group housing projects from several major developers such as Signature Global, as well as Plotted Development Affordable Housing Projects.

Real Estate experts said that urbanisation, evolving infrastructure and better connectivity are the main reasons for the growth of the Gurugram real estate sector. Due to this, investment in properties around Dwarka Expressway is getting higher.

At the same time, the National Highways Authority of India (NHAI) has been ordered by the Central Government to complete the Dwarka Expressway project by the end of 2022. Due to The construction work of this project is going on in full swing. This has led to rising property prices around the expressway. Thus, the Dwarka Expressway has also become a new realty hotspot for affordable housing in the NCR.

Affordable houses with better facilities are being built by major developers around both the expressways. It is estimated that a private developer has invested more than Rs 65,000 crore in residential and commercial projects in Sector-103, 107.

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