Big Deal Of Plots On Dwarka Expressway Gurgaon
Dwarka Expressway is a residential area in Gurgaon, which is a well-known residential area in Haryana. The area is a newly developed area with a lot of apartments, villas, and independent houses.
This 3 BHK flats is available for sale in Plots On Dwarka Expressway Gurgaon. The flat is in good condition and has a covered parking space. The flat is near to many popular schools and colleges.
Residential Plots On Dwarka Expressway Gurugram
Realty firm Elan Group has acquired 7.65-acre land from Ambience group in Gurugram for over crore to develop a commercial project as part of its expansion plan, according to sources.
The company will develop about one million square feet area on this land parcel -- located at Sector 82 in Gurugram -- comprising office, retail, service Residential Plots On Dwarka Expressway and a hotel.
As per the sources, the total consideration of over includes statutory dues to the government and take over of some debt.
Elan Group's spokesperson declined to comment.
Located at Sector 106, Dwarka Expressway, Gurugram, the 40-acre land parcel is fully licensed for the development of housing and commercial projects. About 30 acres of land is meant for residential development and the rest 10 acres for Commercial Property On Dwarka Expressway development.
This will be Elan's first residential project with a total development potential of around 5 million sq ft.
The company intends to launch the two projects in Sector 106 and Sector 82 of Gurugram this year.
Elan Group to date has launched 8 commercial projects in Gurugram. Three projects have been delivered and five are under construction. It is one of the leading commercial real estate developers in the city.
The real estate sector has witnessed a strong revival, especially the residential segment, after the outbreak of the second wave of the COVID-pandemic. Housing sales, as well as leasing of commercial spaces, have increased year on year in the January-June period this year.
The developers are buying land outright and also partnering with the landowners to expand their businesses.
This story has been published from a wire agency feed without modifications to the text.
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Dwarka Expressway: Fast Emerging As NCR’s Most Sought-after Micro Market
From being the hotspot of Gurugram’s realty market till 2012 to being one of the most sluggish and uncertain markets, with a plethora of projects with dwindling fortunes till about a couple of years back, Dwarka Expressway has witnessed it all. On the one hand, the prime driver of the micro market, the Northern Peripheral Road (NH 248BB), is being constructed at a good pace, while on the other hand, owing to subdued capital values for a prolonged period, the micro-market offers much better value proposition in the context of Gurugram.
In fact, 29-km-long, 8 lanes, and 150-meter-wide Dwarka Expressway Projects aims to improve connectivity between Delhi, Gurugram, and Manesar. The expressway is still under development as the land acquisition issues over the years hindered its construction progress. However, as per more recent market developments, the clouds of uncertainty may clear, and the project is likely to be completed soon.
“Once the expressway is fully constructed and operational, residential real estate activity here is likely to increase further. The location has already seen massive residential real estate development and as per ANAROCK Research, more than 25,000 units have been launched in the past 6 years, with Dwarka Expressway accounting for 27% of the total supply in Gurugram over this period. As a result, this micro-market has plenty of options available for homebuyers, and the expressway completion will further spur the growth momentum,” says Santhosh Kumar, Vice Chairman, ANAROCK Group.
Thus, as this market at present has many lucrative options both in primary as well as secondary markets, buyers and real estate developers alike view Dwarka Expressway as the most lucrative residential and investment option.
Realty firm Elan Group has acquired 7.65-acre land from Ambience group in Gurugram for over Rs 200 crore to develop a commercial project as part of its expansion plan, according to sources.
The company will develop about one million square feet area on this land parcel -- located at Sector 82 in Gurugram -- comprising office, retail, service apartments and a hotel.
Elan Group's spokesperson declined to comment.
In January, the Gurugram-based developer acquired 40 acres of land in Gurugram from Indiabulls Real Estate Ltd (IBREL) for crore.
Located at Sector 106, Dwarka Expressway, Gurugram, the 40-acre land parcel is fully licensed for the development of housing and commercial projects. About 30 acres of land is meant for residential development and the rest 10 acres for commercial development.
This will be Elan's first residential project with a total development potential of around 5 million sq ft.
The company intends to launch the two projects in Sector 106 and Sector 82 of Gurugram this year.
Elan Group to date has launched 8 New Commercial Projects On Dwarka Expressway Gurgaon. Three projects have been delivered and five are under construction. It is one of the leading commercial real estate developers in the city.
The real estate sector has witnessed a strong revival, especially the residential segment, after the outbreak of the second wave of the COVID-pandemic. Housing sales, as well as leasing of commercial spaces, have increased year on year in the January-June period this year.
The developers are buying land outright and also partnering with the landowners to expand their businesses.
