Dwarka Expressway and SPR (Southern Peripheral Road) are both important infrastructure projects that are expected to have a significant impact on the real estate market in Gurgaon.
Dwarka Expressway, also known as the Northern Peripheral Road, is a 18.6 km long, six-lane expressway that connects Dwarka in Delhi to the National Highway 8 (NH-8) in Gurgaon. The expressway is expected to reduce traffic congestion and travel time between the two cities, making it an attractive location for real estate development. Additionally, the expressway is expected to connect several upcoming residential and commercial developments in Gurgaon, including the Dwarka Expressway New Gurgaon and the Dwarka Expressway Urban Extension, making it a key location for real estate investment.
Similarly, the SPR is a 27.7 km long, six-lane road that connects the National Highway 8 (NH-8) in Gurgaon to the KMP (Kundli-Manesar-Palwal) Expressway. The SPR is expected to reduce traffic congestion and travel time between Gurgaon and other nearby cities, making it an attractive location for real estate development. Additionally, the SPR is expected to connect several upcoming residential and commercial developments in Gurgaon, including the SPR Urban Extension, making it a key location for real estate investment.
Both Dwarka Expressway and SPR are expected to have a positive impact on the real estate market in Gurgaon by making it more accessible and reducing travel time, which in turn is expected to increase demand for residential and commercial property in these areas.
When comparing Dwarka Expressway and SPR, it’s worth noting that both projects have their own unique advantages and disadvantages. One key difference between the two is their location. Dwarka Expressway is located closer to Delhi and is well connected to the Indira Gandhi International Airport, making it more attractive for people looking to invest in real estate in Gurgaon who also want easy access to the national capital and the airport. On the other hand, SPR is located farther away from Delhi, but it has better connectivity to other nearby cities, making it more attractive for people looking to invest in real estate in Gurgaon who want easy access to other parts of the state.
Another difference between the two is the type of real estate development that is expected to take place along the corridors. Dwarka Expressway is expected to see more high-end residential and commercial development, whereas SPR is expected to see more affordable housing projects. This is because Dwarka Expressway is located closer to Delhi, which typically commands higher prices for real estate, whereas SPR is farther away and is expected to see more affordable housing projects.
Additionally, Dwarka Expressway is already well developed and functional, hence it is a much safer bet as compared to SPR. SPR on the other hand is still under construction and might take time to be fully functional, which in turn might impact the real estate market of that area.
In conclusion, both Dwarka Expressway and SPR are important infrastructure projects that are expected to have a significant impact on the real estate market in Gurgaon. However, Dwarka Expressway is expected to have more impact due to its proximity to Delhi and well-connected to IGI airport, and more high-end residential and commercial development. SPR, on the other hand, is expected to see more affordable housing projects and better connectivity to other nearby cities. It’s important for potential buyers or investors to weigh the pros and cons of both locations and decide which one is more suitable for their needs and investment goals.
