Length: 29 kilometers (19 km in Haryana, remaining in Delhi)
Key Features: 8-lane expressway, elevated sections, 8-lane tunnel near IGI Airport, blastproof design, wider service roads, and prohibition of ribbon development
Traffic Management: Restricted vehicles include two-wheelers, tractors/trolleys, auto-rickshaws, multi-axle hydraulic trailer vehicles, quadricycles, and non-motorized vehicles
Speed Limits: 100 km/h for light motor vehicles and 80 km/h for heavy motor vehicles
Expected Toll Charges: Rs 80 for Car/Van/Jeep, Rs 115 for Light Commercial Vehicle (LCV), Rs 235 for 3 Axle Vehicle, Rs 235 for Bus/Truck
Impact on Real Estate:
Emergence as a Residential Hub: Dwarka Expressway has become a significant residential and commercial hub in Gurugram, driving up housing prices.
2023 Sales: 12,409 housing units sold, constituting 66% of Gurugram's overall sales.
2023 Launches: 11,270 housing units launched, with a 166% increase compared to the previous year.
Luxury Segment: 38% of new launches priced at ₹2.5 crore or above.
Land Acquisitions: Approximately 175 acres of land acquired by developers since 2022, valued at over ₹3,100 crore.
Rental Market: Monthly rent for a 3BHK unit ranges from ₹30,000 to ₹40,000, while 4BHK units range from ₹45,000 to ₹50,000.
Infrastructure and Connectivity Enhancements:
Service Roads Construction: GMDA to construct service roads along the expressway, with construction beginning by the end of the month.
Land Acquisition for Service Roads: Identified 8.02 acres of land for service lanes along the Central Peripheral Road (CPR).
Project Cost and Scope: Estimated cost of ₹99 crore for service roads stretching from Sector 81 to 115, including drains and a green belt development.
Future Projections:
Property and Land Price Appreciation: Expected to increase with the expressway's operational status.
Commercial and Retail Projects: Anticipated launch alongside high-quality residential properties.
Improved Connectivity: Offers an alternate route to alleviate traffic congestion between Delhi and Gurugram, potentially boosting demand for real estate in the region.
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