Booming Growth along the Dwarka Expressway

If you have been looking for quality flats for sale in Dwarka, Delhi this may well be the best time to snap one up! Dwarka is one area that has witnessed huge residential development in recent times, particularly due to the growth centered on and around the Dwarka Expressway. This zone has become a hotbed for several realtors and multiple premium projects are being launched here in recent times. Construction is going on along the Dwarka Expressway and infrastructural development is expected to boost both commercial and real estate projects in this entire region.

You should definitely look for flats for sale in Dwarka, Delhi around this time as a large number of Indian corporate companies and global multinationals are operating in Gurgaon and there is slated to be huge demand for both mid and high income segment properties in Gurgaon and Delhi. The Dwarka Expressway should attract a lot of this potential investment and spiraling demand means that you may not be able to find the property of your choice in the near future, swamped by hordes of prospective buyers. According to market experts, the Dwarka Expressway is now an attractive option for end users and investors alike, something that should be great news for leading developers in this region who are betting big on some premium projects.

This Gurgaon-Dwarka Expressway is a project helmed by the HUDA or Haryana Urban Development Authority. The Expressway is also called the Northern Peripheral Road or NPR. This project was initially implemented to ease traffic congestion on the main Delhi-Gurgaon Expressway or the Delhi-Jaipur Highway. This Expressway stretches for a total of 18 kilometres and is the widest ever such project helmed by the state government at 150 meters. The Expressway links the National Highway 8 at Kherki Daula to Dwarka. There are close to 40, 000 homes being developed in several sectors along the Expressway though actual estimates exceed this official count.

Several developers under the NCR-Credai banner have also undertaken the responsibility of constructing roads along the Dwarka Expressway and this has speeded up the project immensely. Being located near Gurgaon, the region is witnessing huge interest with regard to quality apartments and this has paved the way for the entry of multiple big developers into this hitherto untapped market. These include Emaar MGF, Assotech Limited, Puri Constructions, Sobha Developers, Tata Housing, Adani, Spaze, Paras, Raheja Developers, Ansal Housing, Antriksh Godrej Properties, Vatika, ATS, Chintels Group, CHD Developers and Satya Group among many others.

According to developers, the Dwarka Expressway is paving the way for greater infrastructural progress and the project seems to be moving smoothly in the right direction. Now that there are no more basic delays, developers are working frenetically to deliver projects swiftly to their customers. This area is set to be one of the hottest property destinations over the next few years. Going by current developments, supply should definitely be at par with demand along the Dwarka Expressway at least for the next couple of years.

Notional Vs Real Wealth

Perhaps it has to lie somewhere in the domain of belief that stock created wealth is not really “Real”- it is more notional. It goes up, it comes down, it stays the same, it falls rapidly, it multiples rapidly and over some time, it pretty much just ticks along, if we are lucky. This is how it is for most people. The few that have really built wealth thru stocks have an entirely different take on it. So,, when you consider stock created wealth as being notional, it is just a feel-good factor. Like living in a house in a nice neighbourhood whose value has gone up substantially. You know you never did anything to make that happen. You also know that you are not going to sell out your house just because its value went up. But its nice to know. Feels good to live in a house or locality that is valued high.

Why Do Home Buyers Prefer Living in Tambaram?

Tambaram is a part of south Chennai which has found much favour among home buyers. The area’s infrastructure has developed rapidly which is why it is preferred by home buyers. The neighbourhood is treated at par with Chromepet, a developed locality 5 kilometres from here. Despite being on the same footing in terms of infrastructural development, prices of houses apartments for sale in Tambaram, Chennai is lower than that in Chromepet.

The average capital value in Tambaram range from Rs 3740 to 4400 sq ft whereas in Chromepet they vary from Rs 4600 to 5720 per sq ft. Both neighbourhoods are situated by the Chennai trichy Highway and have high available of housing properties. Buyers of Houses Apartments for sale in Tambaram, Chennai and Chromepet can save around Rs 13 lakh if they are willing to travel a little more without compromising on physical and social infrastructure.

To buy houses apartments for sale in Tambaram, Chennai, buyers have to shell out Rs 15 lakh to 1 crore for owning properties that measure between 600 and 2000 sq ft. Apartments in Chromepet that measure between 550 and 1800 sq ft, cost around Rs 25 lakh to 1.5 crore.

Tambaram consists of different super markets, schools and banks and IT firms. Numerous initiatives have been taken by the Tambaram Municipal Corporation that have impacted the real estate market and are attracting home buyers. The heart of the city is 27 kilometres from Tambaram. The Tambaram Railway Station is a busy one along the Chennai Suburban Railway Network. HNIs and NRIs prefer investing in houses apartments for sale in Tambaram both for end use and as a second home. N Ravichandran, Tambaram Municipality’s Commissioner has stated that they have several projects underway. An Underground Sewage Programme is being implemented throughout the city. Wherever sewage constructions are taking place, concrete roads are being constructed over them to sort out water logging issues in the area.

A solid waste management programme known as the BINS has been initiated as well in five different areas for sorting out garbage disposal issues. Residents themselves have begun segregating wastes and stashing them in different kinds of bins. Bio digesters, Community Kitchens and Namma Toilets are being created for solving the problems of sanitation and power in slum neighbourhoods. The initiatives have altered the way Tambaram is and is contributing to its growing popularity.

The Southern Railways have planned to develop a direct route to Arakonnam from Tambaram through the Beach Railway Station. Around 80 percent of suburban traffics commute through the line and will prove to be a huge relief. Residents shall also enjoy the multi-level parking project that is coming up in West Tambaram. However, the project is around 3 years behind its completion schedule.

Those flocking from Mudichur or Chromepet to Tambaram have often stated that parking is difficult here and pedestrians face a lot of issues. The project’s feasibility tests are underway. Once inaugurated, it would sort the issue of parking space shortage in Tambaram.