Friday, 24 January 2014

Dwarka Expressway - An overview and a hurdle that it solved

Key Points:-

  • 18Km of Expressway, 14Km construction completed, balance 4 Km stretch now cleared
  • Around 200 houses, mostly in Palam Vihar had to be removed from road, they have been promised alternative plots of same size. 
A major hurdle in the way of Dwarka Expressway has been cleared by HUDA. The authority has decided to give alternative plots to over 200 house owners whose property was coming in the way of the speedway. The ambitious road project, which will cut short the travel time between Gurgaon and Dwarka in Delhi, was launched amid fanfare in 2011 but soon got stuck in litigation.

Property developers, who have dozens of housing and commercial projects on this stretch, have welcomed the
HUDA
move. Most big builders had launched projects here hoping it to be the next link between the Gurgaon and national capital. However, the projects got stuck when the negotiation between house owners and HUDA were stalled around a year back.

Housing prices here have jumped nearly three-fold ever since the launch of the Northern Periphery Road (NPR) project. "We welcome HUDA's decision to allot alternate plots to the house owners of new Palam Vihar. Now, the government should expedite road construction. This project has the power to boost a sluggish realty market in NCR," said Kushagra Ansal, president of Ansal Housing and Constructions.


Another builder, on request of anonymity said, "HUDA has been extremely slow in implementing the project. They have taken all sort of taxes from us but not cleared the way. We have invested hundreds of corers but there are few buyers. We hope, at least now the HUDA will complete the project soon."
  

Dwarka Expressway Status


 This news is compiled and brought for real estate customers on dwarka expressway - gurgaon by regrob.com

Publication – Times of India / 24th Jan 2014  

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