The Delhi-Dausa-Lalsot portion of the Delhi-Mumbai Expressway, spanning 246 kilometres, was inaugurated on Sunday by Prime Minister Narendra Modi. This new portion will lower travelling time to Jaipur from New Delhi by approximately 3 ½ hours. Real estate developers feel that this new section, built for Rs. 12,150 crore, will naturally create a multiplier impact on property markets in Gurugram, and not only the stretch from Sohna to Dausa. The PMO (Prime Minister’s Office) has also stated how this portion will boost the economic growth of the whole area.
The Sales Director and Principal Partner (North India), Square Yards, Ravi Nirwal, stated that the opening of the Mumbai-Delhi Expressway will have a positive multiplier impact on real estate markets in the Sohna-Dausa belt, and the whole of Gurugram in general. He stated that Sohna is a major commercial and residential hub for a long time, with the rapid expansion of Gurugram over the past, and the new expressway will open up the potential of the region, while boosting real estate development accordingly. He felt that Sohna may ultimately be built as a multi-utility residential corridor in the future.
He also stated that the development will usher in positive growth, with a foundation for coming up newer townships, housing projects, and commercial/business hubs, while also lowering congestion and ensuring better connectivity to neighbouring States and areas. He added that the whole area will see higher demand for housing, with more appreciation of prices for upcoming and existing projects in the residential category. Luxury real estate could benefit the most with Sohna seeing higher individual demand for villas and luxury individual floors alike. He also felt that Sohna could rival Golf Course Road, Cyber Hub and Golf Course Extension Road as a coveted location for real estate.
Other experts also feel that the stretch will boost Sohna Town greatly, while lowering commutes and boosting the development of warehouses, logistics hubs, and other industries, in turn enhancing demand for retail, commercial, and residential real estate projects. The location of Sohna means connectivity to several parts of Gurgaon and the NCR along with numerous expressways while homebuyers have flocked to this part of town for the lower real estate prices in comparison to several other Gurugram micro markets. There will also be sizable demand for mid-range and affordable housing initially, with luxury hosuign expected to benefit as well.
For a detailed report on this read the articles we were featured in:
The Economic Times: http://bit.ly/3xmojyi
Hindustan Times: http://bit.ly/3K84JgY
Business Standard: https://bit.ly/3YR3E19
News18 India: http://bit.ly/3K0AkB4
Realty+: http://bit.ly/3E58ksj
Published Date: Feb 13, 2023
