New Delhi-Gurgaon Link To Cut Travel Time, Boost Realty
The festive rush, on November 4, choked two of the major stretches that connect Delhi and Gurgaon. A six-kilometre long jam was reported on the National Highway while other stretches also witnessed bottlenecks. Long traffic jams are not new for those who travel between these two major cities of the country. However, to counter this recurring issue the Haryana government is now mulling on the idea of creating an alternate route for those travelling between Gurgaon and Delhi’s Dwarka and Najafgarh areas.
The new route is likely to be constructed on the Raghopur road, a 3.5-km village stretch that runs parallel to the much-anticipated and upcoming real estate hub, Dwarka Expressway. For this, the state’s Department of Town and Country Planning has been asked to submit a proposal.
The Raghopur road as of now is a 30-ft wide unpaved stretch with no streetlights and runs through a village. The road that has agricultural fields and farmhouses on both the sides starts in Gurgaon and ends in Delhi. The 3.5-km stretch connects with a 75-m-wide and six-km long master sector in Gurgaon.
This stretch is likely to give a much-needed boost to real estate of some of the upcoming sectors of Gurgaon, including sectors 106, 108 and 109.
Sector 106
Lying close to the Dwarka Expressway, Sector 106 of Gurgaon is an emerging residential real estate pocket with seven projects – three ready-to-move-in and under-construction each and one new launch. For those planning to invest here could do now as the prices have witnessed a dip since January 2018 from Rs 7,000 per square foot to Rs 6,488 per sqf in September 2018.
Sector 108
Known to house some luxurious properties, Sector 108 of Gurgaon has a wide range of properties one can opt for, from 2BHK apartments to 5BHK villas. With five ready-to-move-in and two under-construction projects, the property prices in Sector 108 after a fall between January 2018 and July 2018 are now correcting. From Rs 6,557 per sqf in January, the property prices now stand at Rs 6,698 per sqf.
Sector 109
With a livability score of 8.4 and proximity to the Dwarka Expressway, Sector 109 is a choice of many planning to invest in Gurgaon’s real estate. A fall of 23.2 per cent in property prices in the past 24 months makes it the right time to invest here. Once the Dwarka Expressway is operational, the much awaited Delhi-Gurgaon link would boost property prices here. The property prices in Sector 109 stand at Rs 5,838 per sqf with six ready-to-move-in and four under-construction projects to invest in.