The proposed 18-km Dwarka-Manesar highway, to be developed by the Haryana Urban Development Authority (HUDA), is set open millions of dollars in investment opportunities.
The expressway is being planned as an alternative route to connect Gurgaon and Delhi, and has already ignited interest in investments in commercial and residential projects in the two cities.
Under the settlement between land and home-owners, whose property will be affected by the highway project, the owners will get another stretch of land close-by along with compensation.
The resolution of the four-year dispute augurs well for thousands of investors who have put in their money in upcoming properties in Gurgaon and Dwarka.
The area which was being modelled as a super luxury residential area has many high-end residences and commercial properties which are presently under construction. As many as 40,000 residential units and their property values hinge on the clearance given to the highway project.
Many expats and other investors have rushed in to put in their money resulting in property values of the area zooming past 200% in the last five years. Home buyers are thronging the areas in search of flats in Gurgaon and Dwarka.
Analysts say that the highway project will spawn infrastructure creation which will be connected with Gurgaon’s metro rail and the upcoming Delhi metro lines bringing in more areas closer to the emerging real estate hub.
The new mini-Gurgaon also shows promise of exponential growth. It can accommodate a lot more commercial and residential units than Gurgaon, Ghaziabad or Noida.
The Master Plan for 2031 has envisaged an area of around 33,000 hectares to be brought under development. It has designated different areas for commercial, residential use, public and semi-public facilities, utilities, and industrial areas.
Adding to growth prospects of the area, land that was earlier reserved for a Special Economic Zone (SEZ) will now be given away for residential and commercial development, bringing more lands for investment.
Meeting women in Fargo is really quite effortless. There are plenty of numerous areas you could go to meet very hot women, cougars, as well as alluring university girls. However, you do not need to waste your precious time just hanging out at the wrong places. Under...