The reality of the Dwarka Expressway from Year 2006 to Year 2023.
The truth about the Dwarka Expressway Officially known as NPR- (Northern Peripheral Road or NH-248 BB) commonly referred to as the Dwarka Expressway in the real estate industry.This is an 8-lane highway connecting Gurgaon to Delhi’s Dwarka Sector 21. It spans 27.6 kilometers from Sector 83 to Dwarka Sector 21 on NH8 and also plans to connect to NH-48 via SPR (Southern Peripheral Road) with a 3.2-kilometer long road called CPR (Central Peripheral Road).
This entire road has become a hot destination for real estate investment as many builders have come here with several residential and commercial projects.
The concept of this route was introduced in 2006. Land acquisition for this road began in 2007-08. Initially, the project was awarded to JSR Construction and Indiabulls with a completion date of March 31, 2012.
However, due to land acquisition hurdles up to 4 kilometers in sectors like 83, Khedki Daula, New Palam Vihar, Rajendra Park, and sectors 105, 100, the project couldn’t be completed. Deadlines were missed.From 2007 to 2016, it wasn’t really a good time for any investment, as the delay in completing this road didn’t boost the real estate market as expected since buyers and builders were expecting it to be completed by 2012. Projects worth approximately 20,000 crores were awaiting completion of this road at that time.In June 2016, the Dwarka Expressway was taken over by NHAI (National Highways Authority of India) and renamed NH248-BB. By June 2016, this road was completed in segments totaling 14 kilometers.
However, NHAI road construction couldn’t start because HUDA NHAI couldn’t allocate land due to pending allocation of alternative plots in the Punjab and Haryana High Court. In 2018, the High Court directed HUDA to allocate alternative plots to external parties.Now, the construction of the Dwarka Expressway/NPR is progressing rapidly, and it is expected to be completed by April 2024.
Dinesh Sorkhi, CEO of Magic Meters Proptech (P) Limited, said that the objective of the Dwarka Expressway is to reduce travel time from New Gurgaon to Dwarka-Delhi, and this elevated road will become a very popular destination in Gurgaon in the future, similar to Golf Course Road.
It is the right time to invest in the Dwarka Expressway as all obstacles have been removed and the government is also focused on completing this road on time.
Let us assist you in finding your dream investment on the Dwarka Expressway. Reach us at 9251212212 or visit our website www.magicmeters.com