Increased investment in Gurugram’s Dwarka Expressway and other real estate hotspots is part of the Global City project.
With a potential investment of nearly $15 billion, Global City Gurugram is also positioned to be a significant development for the Delhi-Mumbai Industrial Corridor.
Increased investment in Dwarka Expressway is anticipated as a result of the Haryana government’s ambitious mixed-use project, Global City Gurugram, which is scheduled to be finished by October 2026. It includes residential and commercial complexes, high-street retail spaces, Special Economic Zones (SEZs), high-tech industrial spaces, plotted developments, and self-sufficient and inclusive social infrastructure. Along the Dwarka Expressway’s suburbs, on 1080 acres in Sectors 36B, 37A, and 37B, an integrated township is being constructed.
Modern and smart city amenities like a multipurpose lawn, fitness center, jogging park, beautiful water features, and roomy roads will all be included in the project. The multi-crore central business district is to be developed by the state-owned Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), which has assigned a Rs 940-crore tender for the construction of roads and other infrastructure facilities like water and electricity supply. The first phase of the project’s construction has begun. With a potential investment of nearly $15 billion, Global City Gurugram is also positioned to be a significant development for the Delhi-Mumbai Industrial Corridor (DMIC).
Even though Dwarka Expressway is still under construction, it has already become a popular destination for real estate developers, who are beginning to invest and work on projects there. Touted as India’s largest township, The Global City Gurugram is a unique state-driven investment that is expected to yield positive returns for any buyer wishing to purchase real estate in the Dwarka Expressway because of the numerous job opportunities, multi-nodal connectivity, and investment bulk-ups that the area will see over the next few years. Industry sources state that the construction of integrated multi-modal transit hubs and interstate and intercity bus terminals near Global City will significantly alter the connectivity of the infrastructure.
Speaking about the same topic, Vikas Garg, Joint Managing Director of Ganga Realty, declared, “Dwarka Expressway has developed into a massive investment corridor for luxury real estate. Sector 84, close to the Dwarka Expressway, has developed into a center for upscale real estate. People are spending their money on high-quality homes with various recreational areas and cutting-edge security features in an attempt to live a comfortable and luxurious lifestyle. The sections with high incomes have aspirations to purchase luxurious and ultra-luxury homes. As a result, especially in the wake of the pandemic, the value of luxury real estate has increased dramatically in recent years. The top requests from home buyers are Uber-luxury residences, larger homes such as 3 and 4BHKs, and penthouses, with end-user demand exceeding supply. Additionally, the Global City initiative will support in amplifying and increasing investments in the region.
Due to Global City, not only the Dwarka Expressway but also the neighboring residential areas will flourish. Golf Course Extension Road, which is ideally situated near the Dwarka Expressway, NH-8, Gurgaon-Faridabad Road, and the soon-to-be DMIC, provides support for a plethora of dynamic residential and commercial developments. Notably, luxury independent floors are becoming a popular choice for homebuyers seeking to invest in real estate.
“Independent floors have lately become the most developed housing category in Gurugram with new corridors like Golf Course Extension witnessing intensive development,” stated Saransh Trehan, Managing Director of Trehan Group. A large portion of this is due to the overwhelming demand from home buyers who were persuaded by the many long-term benefits that came with it, including higher resale value, lower maintenance costs, rapid price appreciation, and eco-friendly benefits like reduced pollution from low-density occupancy. Some of the best options for independent floor properties can be found on Golf Course Extension Road. Several appealing features that are drawing in buyers to this category are spacious apartments, improved seclusion and safety, and a greater appreciation for the integration of green areas. Due to its strategic location, strong infrastructural connectivity, and a plethora of ready-to-move-in properties, Golf Course Extension Road has reinvigorated the real estate markets of Gurugram.”
