Dwarka Expressway: Despite higher supply, realty prices to be in fast lane
Prime Minister Narendra Modi inaugurated the Haryana section of the Dwarka Expressway on Monday. Real estate developers and consultancies said it would be a game-changer for the industry and lead to a further increase in supply in the region. However, demand is likely to outstrip supply, leading to further appreciation of realty prices.
The 19-km-long Haryana section of the 8-lane expressway has been built at a cost of around Rs 4,100 crore. It includes two packages of 10.2 km long Delhi-Haryana Border to Basai Rail-over-Bridge (ROB) and 8.7 km long Basai ROB to Kherki Daula. The expressway will also connect the Indira Gandhi International Airport in Delhi with the Gurugram Bypass.
