No Longer A Dream, You Can Afford Homes Along Dwarka Expressway
As a working professional, who dreams to buy a house in popular areas in - National Capital Region (NCR) , the sky-high rates could sure be a major deterrent. Thanks to the upcoming projects on Dwarka Expressway, a new residential destination, you could make your dreams come true. Expected to be completed by 2015-end, the e-way project is predicted to boost other residential and commercial projects in the NCR.
Easy access is keyThe primary aim to build residential projects near a highway is to cut down the commuting time while providing easy access to transportation. Started by the Haryana Urban Development Authority (HUDA) , the Dwarka Expressway is aimed at easing the traffic rush on the - Highway.Those who have invested in flats in Dwarka Expressway will find that the proximity to the Gurgaon railway station, a proposed metro station, and the Indira Gandhi International Airport is sure to give them good returns over time.
The buildersSpread over 600 acres, the Expressway has about 90 ongoing projects with over 47,000 units. The e-way offers investors world-class amenities at decent prices. While iconic designs such as Michael Schumacher World Tower (named after the German Formula One champion) and Ballet by Sharapova (named after the Russian tennis player) , are all set to change the skyline of the e-way, projects such as The International City (being developed by Bengaluru-based Developers) only add to the glory. The International City is an exclusive villa township that the group launched in partnership with and QVC Realty. You can also choose flats in all ranges — from 1BHK - 4BHK — according to your requirement. Developers such as the Group provide options in these ranges.Other developers in this area include Emaar MGF, Constructions, Adani, Developers, BPTP, Satya Group, Tata Housing, Paras, Microtek and Housing, among others.
Pricing perksProjects on Dwarka Expressway have a price range between Rs 4,700 per sq ft (properties near Gurgaon) and Rs 14,000 per sq ft (near Delhi) .There has been a marked appreciation in rates over the years; latest data shows as much as a 206 per cent appreciation in prices. A number of projects here, though, give the mid-income group a chance to enter the investment market at a lower end.
Future perfectSector experts say the right time to invest in the Expressway is now to ensure you get higher returns. What is going to make the investment in this area affordable for a buyer is the fact that rates did not peak due to many projects missing their completion deadlines. Once these projects near completion, prices will surely rise, while your options will also get limited.