Ajay Devgn Leases Mumbai Office Space for Rs. 7 Lakh a Month: Square Yards
Renowned Bollywood actor Ajay Devgn has recently leased out his commercial office space in Mumbai’s bustling Andheri area for a monthly rent of Rs. 7 lakh, as per a transaction reviewed by Square Yards. The ‘Leave and License’ agreement, formalized this September, incurred a stamp duty of Rs. 1.12 lakh. Devgn’s office is situated in Signature Tower, is developed by Lotus Developers.
The project is located along the Veera Desai Road in Oshiwara, one of a prime location in Mumbai’s Western Suburbs. It offers seamless access to major highways, metro station, and is just a short distance from the international airport, making it a highly sought-after area for businesses looking for well-connected office spaces. The locality’s vibrant mix of retail, dining, and entertainment options further elevates its status as a business hub.
Square Yards reports that the leased property spans 3,455 sq. ft. (~ 321 sq. m.) and includes three car parking spaces. The agreement, secured with a Rs. 30 lakh deposit, is for a 60-month (5 years) lease term. The actor, along with his wife, is known to own multiple properties within the same project. They are among several Bollywood celebrities, including Amitabh Bachchan, Sara Ali Khan, and Kartik Aaryan, who have also invested in commercial spaces in Signature Tower.
Ajay Devgn is one of India’s most successful and respected actors, boasting two National Film Awards and the prestigious Padma Shri. His performances in films like Singham, Drishyam, and Tanhaji have cemented his reputation as a powerhouse in Indian cinema. Recently, he has continued to capture audiences with standout roles in Bhuj and Maidaan. The actor has Singham Again, Raid 2, and De De Pyaar De 2 in pipeline.
Omaxe Group Announces Launch of The Omaxe State with INR 2500 Crore Investment
New Delhi, September 3, 2024: Omaxe Group, one of India’s leading real estate developers, has announced the launch of their project, ‘The Omaxe State,’ which will be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture. Spanning over 50.4 acres in Dwarka Sector 19-B, New Delhi, the project is being developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model, with an investment over Rs 2500 crore.
Delhi, the capital of India with a population of more than 3.3 crore, has long awaited a World-Class Cricket Stadium. The 2nd most populated city of the world, Delhi has missed hosting major World Cup and IPL matches since India vs. England World Cup semi-final played in 1987. The Omaxe State will feature a World-Class, Modern ICC and FIFA-standard International Cricket-cum-Football Stadium with a seating capacity of over 30000, as well as an International Multi-Sports Indoor Stadium that can accommodate 2000 spectators.
The project follows in the footsteps of iconic landmarks such as Queen Elizabeth Olympic Park in London, Accor Arena in Paris, Singapore Sports Hub, and Melbourne Olympic Park to revolutionize India’s sporting and leisure landscape. This groundbreaking project will fill the void and aims to bring world-class sporting events back to Delhi, offering an unparalleled experience and giving Delhiites an opportunity to play, shop, eat and entertain the way world does. The above-mentioned integrated projects are among the most successful projects in their respective countries or cities and contributed to their growth. These are preferred destinations for locals and tourists for shopping, dining, sports, and entertainment needs.
Taking India to the global map, a new state is being developed: The Omaxe State, featuring 5 districts – The Sports District, The Shopping District, The Hospitality District, The Food District, and The Social District. The Omaxe State aims to blend commercial, sports, hospitality, social, and dining facilities into a unique experience in the heart of India.
A highlight of this development is the Food District, inspired by London’s Covent Garden and Carnaby Street. It will be India’s largest F&B space, spanning over 5 lakh square feet, featuring more than 40 fine dining restaurants, night and day clubs, sports bars, three drive-throughs, a large food court, rooftop restaurants, food kiosks, food trucks and banquet facilities.
Adding to the allure, the project features India’s first Air-Conditioned High-Street retail area, with shop fronts extending over 4.2 km, making it the largest private commercial development in Delhi. With 75% of the retail space located on the ground floor, it leverages the superior performance of ground-floor retail. The first floor offers additional retail spaces, a food court, and a five-screen multiplex, all designed with shop heights of 18 and 36 feet to provide a grandeur luxury shopping experience.
Beyond retail, The Omaxe State includes Delhi’s most exclusive invite-only sports and leisure club, a 75,000 sq. ft. E-Sports arena, and a hotel with 148 keys. The complex also features a large banquet space with multi-level parking, an event arena for social and cultural events, an Olympic-sized swimming pool and top-tier facilities for tennis, badminton, squash, basketball, and football.
“Omaxe is humbled by the opportunity to partner with DDA on this transformative project,” said Mohit Goel, Managing Director of Omaxe Group. “With ‘The Omaxe State,’ we aim to provide Delhiites with an international-level experience right here in their own city. This development will bridge a significant gap in Delhi’s infrastructure by offering a world-class venue for sports, shopping, and entertainment. We are thrilled to contribute to the city’s growth and elevate its profile with this unique 5-in-1 destination.”
The project will feature modern, technologically advanced amenities, including 11 entrances, car drop-offs, over 2,200 ECS, and additional surface parking with provisions for future expansion. Strategically located in Sector 19B of Dwarka, Delhi, and developed in collaboration with 24 world-renowned consultants, this project aims to set new standards in urban development. Positioned close to major attractions such as Yashobhoomi (Asia’s largest convention center), IGI Airport (ranked among the world’s top 10 airports), Bharat Vandana Park (spanning 200 acres and one of Delhi’s largest parks, akin to Hyde Park and Central Park), and the upcoming diplomatic enclave with 39 embassies, the project is set to capture significant visitor traffic. The nearby Metrolite light rail system will further enhance accessibility. The project is expected to be completed by 2027 and to generate over Rs 4,200 crore in revenue during its lifecycle.
Omaxe Group’s vision is to provide Delhi with a state-of-the-art commercial, sports, and entertainment hub that not only meets international standards but also becomes a prime landmark in the city.
Brick&Bolt Unveils State-of-the-Art Experience Centre in Noida
Noida, Uttar Pradesh, September 2024 – Brick&Bolt, India’s leading tech-enabled construction company known for its innovative solutions, is proud to announce the launch of its first Experience Centre (EC) in Noida. Located at Sector 10, Gautam Buddha Nagar, this state-of-the-art facility marks a significant milestone in the company’s ambitious growth plan to revolutionize the construction industry across the nation.
Spanning 2,740 sq. ft., the new Experience Centre, combined with office space, is designed to provide customers with an immersive experience of Brick&Bolt’s offerings. Property owners from Noida, Delhi, Greater Noida and Ghaziabad, looking for high-quality construction services but want a more transparent, trustworthy and efficient partner, can walk in to the Experience centre to explore a comprehensive range of products and solutions tailored to meet various construction needs, including the Basic Package, Classic Package, Premium Package, Royal Package, and the Dahlia Package.
Founded in 2018 by Mr Jayesh Rajpurohit and Mr Arpit Rajpurohit, Brick&Bolt was established with the mission of redefining the construction experience for property owners. The company offers a comprehensive suite of services from design to execution, ensuring seamless delivery, exceptional quality, and customer satisfaction. Key features include over 3,200 customizable floor plan options, 100% money safety with an ESCROW payment mechanism, and a trademarked Quality Assessment System (QASCON) that involves 3 levels of auditing with 470+ quality checks on every project.
Speaking about the launch, Mr. Jayesh Rajpurohit, Co-Founder and CEO of Brick&Bolt, said, “We anticipate strong engagement from the Noida and NCR market, with the launch of our first Experience Centre in Noida. This region holds immense potential, and our goal is to attract new customers by providing a seamless, omnichannel experience that blends the best of both online and in-person interactions. By showcasing our comprehensive solutions and personalized services, we aim to establish a robust presence and drive significant footfall to the Experience Centre, ensuring that our brand becomes the go-to choice for home and commercial construction in this region.”
While the Noida EC offers the same high-quality products and solutions available at other Brick&Bolt locations nationwide, the company ensures that its offerings cater to diverse tastes and needs suited to the region. “We maintain a uniform brand standard to ensure that every customer, regardless of location, receives the same high-quality experience and offerings,” added Arpit Rajpurohit, Co-Founder and CTO of Brick&Bolt. “While we take note of local preferences, our core products and solutions remain aligned with our brand values.”
Brick&Bolt has been at the forefront of driving the shift from an unorganized to an organized construction sector, setting new standards for transparency, efficiency, and quality. Since its inception, the company has completed 7.54 million sq. ft. of construction, encompassing 4,500 units across top-tier cities such as Delhi, Gurgaon, Noida, Ghaziabad, Faridabad, Pune, Bangalore, Hyderabad, Chennai, and Mysore.
In the near future, Brick&Bolt aims to expand their residential and commercial construction projects across India’s top 25 cities, including Kolkata, Lucknow, Kochi, Nagpur, and Coimbatore, among others, with a goal of delivering
over 35,000 units during this journey. By leveraging technology, they aim to revolutionize urban living and contribute to the development of vibrant, modern communities. Through this expansion, they aim to enhance their market presence while also catering to the growing demand for quality construction in India’s rapidly urbanizing landscape.
Signature Global’s Titanium SPR Project Achieves Green Excellence with Dual Certifications
Gurugram, September 02nd 2024: Signature Global, a leader in sustainable real estate development, added another feather in its cap for its premium residential project, Titanium SPR, located in Sector 71, Southern Peripheral Road (SPR), Gurugram. The project has been awarded the prestigious EDGE (Excellence in Design for Greater Efficiencies) certification. EDGE is a globally recognized green building certification system that emphasizes resource efficiency in buildings and conferred by IFC(landing arm of World Bank). This recognition highlights the project’s outstanding commitment to environmental sustainability and resource efficiency. Signature Global’s unwavering commitment to sustainable innovation and environmental excellence is further demonstrated by Titanium SPR being the project in Gurgaon to achieve dual certification of both EDGE certification and IGBC (Indian Green Building Council) Gold certification.
Sharing his thoughts, Mr. Lalit Kumar Aggarwal, Co-Founder and Vice- Chairman of Signature Global (India) Ltd., said, “The dual EDGE and IGBC Gold certifications are not just accolades but a reflection of our commitment to environmental conservation and sustainable development. By being one of the only residential projects in Gurgaon to have these dual certifications ensures that homeowners in Titanium SPR will not only enjoy luxurious living spaces but also contribute to a healthier, more sustainable community. We believe in building homes that are in harmony with nature, and Titanium SPR is a shining example of that vision.”
These dual certifications underline the Signature Global’s dedication to creating world-class indoor environments while safeguarding natural resources. The EDGE and IGBC Gold certifications bring numerous advantages to homeowners and the larger community. For residents, these certifications translate into lower utility bills, improved indoor air quality, and enhanced comfort through innovative design and construction techniques. For the community, the reduced environmental footprint of Titanium SPR means a cleaner, healthier environment with fewer carbon emissions and better resource management.
The Titanium SPR project has been meticulously designed to set new benchmarks in sustainable living. The EDGE certification is a testament to this, with the project predicted to save an impressive 67% more energy and 27% more water compared to traditional residential buildings. Additionally, the overall embodied energy savings of the project exceed 42%. These significant reductions not only benefit the environment but also contribute to long-term cost savings for residents. By achieving this certification, Signature Global Titanium SPR has made a lasting impact, ensuring a healthier, more sustainable environment for the community and future generations.
Signature Global Titanium SPR is an aesthetically premium residential project spanning 14.382 acres in Sector 71, SPR, Gurugram. The project features 608 high-end condominiums, offering spacious 3.5 BHK and exclusive 4.5 BHK units designed for privacy and luxury. Each tower rises an impressive 40 floors, inspired by Singapore’s elegant architecture, and integrates biophilic design principles to enhance well-being. Strategically located on the Southern Peripheral Road (SPR), Titanium SPR offers seamless connectivity to Delhi and key routes, including NH-8, the Delhi-Jaipur highway, and Dwarka Expressway. The project is equipped with over 55 exclusive amenities, including a sky garden, subterranean parking, and a grand triple-height entrance lobby, ensuring a resort-like living experience. Titanium SPR exemplifies Signature Global’s dedication to sustainable development, with 91% of the project area dedicated to green and open spaces, and the use of eco-friendly materials that reduce CO2 emission.
Yamuna Expressway Property Prices Soar: Flats Up 170%, Land Up 450% in 5 Years – Geetanjali Homestate
Greater Noida, 2nd september 2024 – Geetanjali Homestate, a leading real estate consultancy, has unveiled its latest report on property pricing trends along the Yamuna Expressway, highlighting significant growth in real estate values over the past five years. The report reveals a dramatic surge in property prices, with apartment rates escalating by 170% and land prices witnessing an astounding 450% growth in the last five years, marking the Yamuna Expressway as one of the most lucrative investment hubs in the Delhi-NCR region.
Year-on-Year Breakdown of Property Prices
The report reveals the modest beginnings of this price surge in 2019, where the average price for flats or apartments along the Yamuna Expressway ranged between Rs 2,800 – 3,000 per square foot, while land/plot prices hovered around Rs 1,200 – 1,300 per square foot. In 2020, despite the onset of the COVID-19 pandemic, there was a slight appreciation in prices, with apartments averaging between Rs 3,200 – 3,300 per square foot and land prices remaining stable at Rs 1,250 – 1,300 per square foot.
The real estate market along the Yamuna Expressway began to gain momentum in 2021, driven by the gradual return to normalcy and increased interest in suburban properties. Apartment prices rose to Rs 3,400 – 3,600 per square foot, while land prices saw a notable increase to Rs 2,000 – 2,200 per square foot. This period marked the beginning of a significant upward trajectory in property values, setting the stage for the boom in the subsequent years.
By 2022, the effects of improved infrastructure and the growing desirability of the Yamuna Expressway as a prime residential and commercial location became evident. Apartment prices surged further, reaching Rs 3,600 – 3,800 per square foot, while land prices nearly doubled to Rs 3,400 – 3,600 per square foot. This year was particularly crucial as it underscored the region’s emergence as a preferred destination for investors and homebuyers alike.
The property market along the Yamuna Expressway witnessed unprecedented growth in 2023. The average price for apartments skyrocketed to Rs 4,900 – 5,100 per square foot, while land prices soared to an impressive Rs 5,900 – 6,100 per square foot. This remarkable growth was largely attributed to several key developments, including the upcoming Jewar Airport, the expansion of the Noida International Airport, and enhanced connectivity through the Delhi-Mumbai Industrial Corridor (DMIC).
As of 2024, the report highlights that apartment prices along the Yamuna Expressway have reached an average of Rs 7,900 – 8,100 per square foot, with land prices now averaging between Rs 6,900 – 7,100 per square foot. This year-on-year surge reflects a 170% increase in apartment prices and a staggering 450% growth in land prices over the past five years, making the Yamuna Expressway one of the fastest-growing real estate corridors in India.
Builder floor prices have also shown a robust increase, with a notable 35.6% rise in just the last year and a 43.5% increase over the past three years. These numbers underscore the growing demand for residential properties in this burgeoning region.
Sunil Sisodiya, Founder of Geetanjali Homestate, commented on the findings: “The remarkable price surge along the Yamuna Expressway can be attributed to several key factors. The strategic location, coupled with the upcoming Jewar Airport and other infrastructural developments, has significantly enhanced the area’s connectivity and appeal. Additionally, the rising demand for residential and commercial spaces, fueled by the growing interest in suburban living, has driven property prices to new heights. The Yamuna Expressway is rapidly emerging as a real estate goldmine, offering substantial returns for investors.”
The report further notes that the increasing preference for spacious living, driven by the remote work culture and the desire for a better quality of life, has played a crucial role in driving demand for properties along the Yamuna Expressway. With its proximity to major urban centers, yet offering the tranquility of suburban living, the region is perfectly poised to attract homebuyers and investors seeking long-term gains.
Geetanjali Homestate’s report underscores the significant potential of the Yamuna Expressway as a prime real estate investment destination. The substantial year-on-year price appreciation across all property segments highlights the region’s growing importance in the Delhi-NCR real estate market. As infrastructural projects near completion and the region continues to develop, the Yamuna Expressway is set to remain a hotspot for real estate investments, offering promising opportunities for both residential and commercial buyers.
Deputy CM Shivakumar Assures Support to Real Estate Industry
SpectrumMetro: Expanding Horizons With New Brands For a Complete Family Entertainment
By-Ajendra Singh, Vice President Sales and Marketing, Spectrum Metro.
Spectrum@Metro, a leading high-street commercial project in Noida, continues to become an ultimate destination where family fun meets vibrant shopping and dining. With the addition of prominent new brands like Haldiram’s, Cult. Fit, Xero degrees, and more, Spectrum@Metro offers comprehensive experiences that cater to all ages. Through world-class amenities spread across its expansive phases and strategic proximity to residential areas like Noida, Greater Noida, Ghaziabad, and Delhi, Spectrum@Metro serves a wide range of visitors.
Strategic Location, Unmatched Accessibility
One of the key advantages of Spectrum@Metro is its excellent connectivity. Situated in Noida Sector 75 and located just a few minutes away from the Noida Sector 50 metro station, it ensures convenient access for daily commuters and visitors. So, if you need a quick shopping fix or a day out with the family, you are just a hop away! Moreover, its proximity to major highways, including the Noida-Greater Expressway, provides seamless connectivity to key business districts and residential hubs across the NCR region. This ease of access, combined with its extensive range of offerings, makes Spectrum@Metro a preferred destination for families looking to unwind, shop, and indulge in entertainment.
A Shopper’s Paradise
The array of retail options at Sepctrum@Metro caters to all your shopping needs, whether you’re looking for the latest fashion trends, home decor, or everyday essentials. From globally renowned brands like Cult. Fit, covering an area of 10600 sq. ft., to exclusive names like HDFC Bank, Acer, and more, the high-street project offers a wide variety of choices, ensuring that every shopper finds something to love.
A Rich Culinary Experience
The experience doesn’t end here! When hunger calls, visitors can choose from a diverse range of dining options. Food connoisseurs can enjoy at the newly launched Xero Degrees or savor the flavors at Shree Navratan Thali, which spans 2,300 sq. ft., among many other choices. For a quick snack or a leisurely meal, Haldiram’s offers a spacious 8,740 sq. ft. area, enhancing the culinary scene at Spectrum@Metro with a variety of delightful treats.
Exciting Entertainment for All
For those looking to have fun, phase 1 of Spectrum@Metro comprises a family entertainment zone that allows visitors to enjoy the adventurous world of Speed Karting and Paint Ball. Spanning 9800 sq. ft., the Speed Karting offers adrenaline-packed fun for all ages. In addition, the Paint Ball spreads across an area of 4000 sq. ft., providing an exciting and competitive experience for thrill-seekers. The Paint Ball arena is equipped with state-of-the-art safety gear and vibrant obstacles, ensuring a safe and immersive environment for players.
Hence, Spectrum@Metro is more than just a shopping and entertainment complex; it’s a destination where families come together to create memories. With its wide-ranging offerings that cater to all age groups, it provides a complete experience that blends fun, relaxation, and convenience. As it continues to expand with its ongoing development, including the addition of new attractions and brands, Spectrum@Metro is set to become an even more vibrant hub for leisure and entertainment.
Chandak Highscape City receives ‘Innovative Real Estate Marketing Campaign of the Year’ Award
Mumbai, August 30, 2024: Chandak Group, a leading Mumbai-based real estate developer with over 35 years of industry experience, recently won the REAL ESTATE & BUSINESS EXCELLENCE AWARD for ‘Innovative Real Estate Marketing Campaign of the Year.’ The award was presented by Ms. Esha Deol at the Westin Mumbai Garden City.
The campaign was a comprehensive 360-degree effort, including print, OOH, IPL ads, digital, influencer marketing, events, and corporate activations. For this campaign, Chandak Group also explored Out-Film advertising with the film Mr. & Mrs. Mahi, starring Janhvi Kapoor and Rajkummar Rao.
Chandak Group also utilized cutting-edge tools like CGI videos and was among the first Mumbai real estate developers to execute a brand visibility campaign with Zomato on their app. This high-media-spend campaign achieved extensive visibility across Mumbai.
Chandak Highscape City, identified as the largest and greenest project in Chembur (E) by Cushman & Wakefield, launched its campaign in April 2024 to attract home buyers and investors across MMR and global markets. The campaign which included pre-teaser, teaser and launch phases achieved over 10 million views and attracted 3,200 site visits within a month. The project features nature blessed 1, 2, and 3 BHK homes with 1.5 acres of dedicated amenity space housing over 45 amenities.
The campaign featured captivating images and compelling headlines, reflecting Chandak Group’s thorough research into the project, location, trends, and consumer behavior. It invited people to explore the project’s numerous benefits and discover a better life. Additionally, the campaign conveyed Chandak Group’s commitment to a greener future and its broader aspirations.
The brand highlighted Mumbai’s desire for green, well-connected spaces offered at competitive prices. The campaign showcased how the project would elevate residents’ lifestyles and provide an enriched living experience.
Piramal Realty Inaugurates Phase One of Its Clubhouse at Piramal Revanta, Mulund
Mumbai, 30 August 2024: Piramal Realty, the real estate arm of Piramal Group recently inaugurated Rasa, a stunning new clubhouse nestled within the thriving Piramal Revanta community in Mulund. Spanning over two floors and an impressive ¬20,000 square feet. Club Rasa is the first phase of the two clubhouses of this plush gated community situated at the foothills of Sanjay Gandhi National Park. Rasa, short for Rejuvenation And Sports Arena, is a haven for recreation and wellness, offering residents a luxurious oasis in the heart of the city.
Seamlessly blending indoor and outdoor amenities, the club encourages residents to bond, connect and socialise, embodying ‘Rasa’, which means ‘Essence’ in Sanskrit. The amenities have been thoughtfully designed to cater to the diverse interests and preferences of all age groups. The interior spaces of the clubhouse are meticulously crafted, thoughtfully integrating the unique demographics of the site, its prime location, and the captivating views surrounding it. The club’s vibrant and eclectic vibe is curated through a strategic mix of patterns, textures, and bold pops of colour. Soft furnishings and dynamic artwork infuse the space with energy, creating a lively ambiance.
Mr. Abhijeet Maheshwari, CEO, Piramal Realty said, “As we unveil Club Rasa, we are not just introducing a clubhouse; we are creating a sanctuary where community, wellness, and luxury converge, making every moment #FullOfLife within Piramal Revanta. Club Rasa epitomizes our commitment to enriching lives and fostering connections within the Piramal Revanta community. It is more than just a space; it is the essence of our vision for modern living.”
Club Rasa, the newest addition to the Piramal Revanta community boasts an array of enticing amenities designed to enrich the lives of its residents. Among its key highlights is a state-of-the-art gymnasium overlooking Sanjay Gandhi National Park, where individuals can enjoy their fitness routines with the latest equipment and partake in group fitness classes at The Fitness Studio. The resort-style swimming pool allows a refreshing dive for leisurely swims or competitive laps.
The Arena within Club Rasa offers a sprawling double-height multipurpose court spanning over 6,000 square feet catering to adrenaline enthusiasts with activities like basketball, pickleball and badminton. Thrill-seekers can also test their mettle on the rock-climbing wall, promising an exhilarating workout experience. The spa beckons residents to unwind and rejuvenate with its jacuzzi, steam room, and dedicated spaces for massages. For those inclined towards friendly competition and skill enhancement, the gaming zone offers opportunities to engage in squash, table tennis, and pool. For quieter moments of reflection and learning, the library provides a serene space to delve into knowledge.
With its diverse offerings, Club Rasa epitomizes modern living promising each visit to be #FullOfLife, embodying the spirit of vitality and community that defines the Piramal Revanta experience.
Piramal Revanta, spread across 12 acres, has established itself as a sanctuary of opulence and natural beauty. The project has successfully delivered its first two towers which are now home to over 400 families. Keeping up the momentum, another tower, T3 will be handed over, later this year.
The recently launched new phase – Vana, will introduce a unique 3-acre park providing over 30% green cover, which today is unlikely to be seen in developments of this scale. These open spaces will further enhance the retreat-style amenities catering to all age groups. Offering low-density living along with spacious residences, Piramal Revanta is set to raise the bar for meaningful living in Mulund.
Dwarka Expressway Rising as a Premier Investment Destination in Delhi-NCR’s Real Estate Boom
The Dwarka Expressway has rapidly emerged as a premier choice for investors in the bustling real estate sector of Delhi-NCR. Its strategic importance in national infrastructure plans has significantly driven economic growth and transformed Gurugram’s skyline. The recent operational launch of an underpass on the Dwarka Expressway has enhanced traffic management and accessibility, bolstering the area’s appeal for investments. The segment inaugurated by Prime Minister Narendra Modi in Gurugram has seen a surge in property values, presenting significant opportunities for investors and potential homeowners. This zone is now recognized as a prime location for upscale residential and commercial developments, positioning it as a sought-after sub-market in the National Capital Region.
Mr. Mohit Malhotra, Founder and CEO of NEOLIV, commented, “Haryana portion of the long-awaited Northern Peripheral road (also known as Dwarka Expressway) is now serving as a pivotal milestone in enhancing the creation of high growth residential pockets via seamless connectivity and mobility.
Efforts such as metro expansion, upgraded public transport, road extensions, and new flyovers have significantly raised the area’s attractiveness. These enhancements support homebuyers seeking a contemporary lifestyle with seamless connectivity to Delhi and other critical areas.
Sharing his views, Mr. Vineet Dawar, Senior VP of Sales & Strategy at Elan Group, mentioned that, “Dwarka Expressway is fast emerging as a prime location for real estate investment due to a confluence of factors. Its strategic positioning within NCR offers excellent connectivity, potentially linking residents to key business districts, airports, and major transportation hubs. The expressway itself is designed for efficient travel, further enhancing accessibility. Additionally, the area boasts a flourishing corporate landscape, creating job opportunities and attracting a growing workforce, which in turn fuels demand for housing. Furthermore, ongoing infrastructure enhancements beyond just the expressway and the limited supply of luxury homes are expected to make the entire location even more desirable. Once the expressway is fully operational, its potential for improved connectivity will be fully realized, likely leading to a significant rise in property values.”
Additionally, the region is experiencing the emergence of high-end business parks and office complexes, fostering a vibrant commercial ecosystem. The advancements in the expressway’s infrastructure are attracting various businesses, which are driving the development of retail projects and mixed-use complexes.
Adding to this, Vivek Singhal, CEO of Smartworld Developers, said, “. The residential segment is expected to spearhead this phenomenal growth, reflecting the changing preferences of homebuyers. The presence of thriving commercial hubs, robust social infrastructure, and impeccable connectivity has cemented the region’s reputation as an unbeatable real estate option. The locality boasts exceptional connectivity, enhanced infrastructure, and a dynamic blend of retail and residential developments, making it an alluring and financially rewarding investment opportunity. The swift progress in infrastructure deserves commendation for its role in bolstering investor confidence and attracting prospective homebuyers, ultimately contributing to this remarkable achievement.”
Aman Nagar, JMD of Paras Buildtech, commented, “The inauguration of the Dwarka Expressway has brought transformation in the commercial real estate landscape of the area. The region’s improved connectivity and infrastructure are expected to draw businesses and investors, leading to an increase in the demand for commercial real estate. The shortened travel time between Delhi and Gurgaon has facilitated easy access to both markets, generating fresh prospects for growth and expansion. Consequently, the demand for office and retail space is expected to escalate, with businesses vying to establish a foothold in the area. As the local economy burgeons, a corresponding rise in the demand for amenities and services is projected to create openings for investors and developers to construct retail and hospitality projects.”
Shashank Vashishtha, Executive Director of Exp Realty India, added, “The expressway’s state-of-the-art infrastructure and exceptional connectivity have transformed it into an exceedingly desirable location for real estate investments in the National Capital Region (NCR), enticing both end-users and investors. Expert analysts forecast a noteworthy transformation in the real estate industry, as improved infrastructure and connectivity invite more businesses and investors, stimulating the demand for office and retail space. ”
The Dwarka Expressway’s strategic importance and ongoing infrastructure advancements have made it a top investment destination in the Delhi-NCR real estate market. Its rapid transformation and the influx of high-end projects signal a promising future for this dynamic corridor, ensuring sustained economic growth and development.