Current Status of Dwarka Expressway to Gurgaon Manesar:
GURGAON: Zero kilometre from the Dwarka Expressway Hurry to avail inaugural discounts, such SMSes might be flooding your mobile inbox for quite sometime now. The state governments much touted project Northern Peripheral Road (NPR) also called the Dwarka Expressway which has become the USP (unique selling point) for over two dozen builders, who have projects lined up on the stretch, still remains a dream.
According to officials at the Haryana Urban Development Authority (HUDA), they are yet to begin with the tendering process for the project. It means that the groundwork on the Expressway, as being assured by some developers, is just a far-fetched sales pitch.
The proposed 18 kilometre long and 150 meter wide Expressway (which will connect Dwarka and NH-8) has been in news due to several pending litigations from both residents and industrialists who have their plots coming in the alignment of the road.
Of 18 kilometres, the state government has 12.5 kilometres completely free from litigation. While the remaining 5.5 kilometres land is under litigation in bits and pieces. According to records, of 661 acres to be built as the NPR, barely 26 acres in fragments is under stay from court. However, this less that five percent land has put brakes on almost one-third of the total project.
Maximum land under litigation is in the New Palam Vihar area while remaining pieces are spread across sectors like 100, 102,103, among others. We are at the final stages of preparing the paper for inviting tenders for the project which will likely be floated sometime in March, confirmed a HUDA official.
The NPR will also decongest Delhi-Gurgaon Expressway, particularly near Delhi-Gurgaon boarder toll plaza which has witnessed higher-than-expected traffic volume growth.
If the NPR comes up on time and the proposed housing projects are made available in the market, the expanded supply would correct property prices in areas like the Sohna Road and Golf Course Extension Road.
The flood of SMSes and emails from or on behalf of builders like Era (sector 103), Earth Infrastructure (sector 112), Landmark (sector 103), Rahejas (sector 108), Ansals Housing & Siddhartha (sector 106), to a name a few from the list, sell Expressway as the key point. There does not seem to be any other selling point, exerts Dr Sanjay Sharma of QuBREX.
Developers market their products on the basis of letter of intent proposed Metro station, Expressway, etc. It is incorrect to make a proposed project a USP since there is no surety. In this case, developers must inform the customer about the ground reality, explained Ankur Sood, VP, residential market, North India, Jones Lang LaSalle.
Meanwhile, the earth works being carried out in some portions by the government departments has suddenly stopped. Market analysts have started raising a question on the states will to rapidly complete the project which was floated more than five years ago.
The state has already issued licenses to developers and collected external development charges (EDC) and internal development charges (IDC) from them. The developers on their end have invited bookings and will charge these from its customers.
All the land that has been acquired for the project is from public money. It is such huge wastage of public resources which could have been moved for better purpose, asserted Ajay Dabas, director, Certes Realty Ltd, an NCR-based reality firm.
Read more: Dwarka Expressway far from a reality - The Times of India http://timesofindia.indiatimes.com/city/gurgaon/Dwarka-Expressway-far-from-a-reality/articleshow/7414937.cms#ixzz1D9vO5mPw
GURGAON: Zero kilometre from the Dwarka Expressway Hurry to avail inaugural discounts, such SMSes might be flooding your mobile inbox for quite sometime now. The state governments much touted project Northern Peripheral Road (NPR) also called the Dwarka Expressway which has become the USP (unique selling point) for over two dozen builders, who have projects lined up on the stretch, still remains a dream.
According to officials at the Haryana Urban Development Authority (HUDA), they are yet to begin with the tendering process for the project. It means that the groundwork on the Expressway, as being assured by some developers, is just a far-fetched sales pitch.
The proposed 18 kilometre long and 150 meter wide Expressway (which will connect Dwarka and NH-8) has been in news due to several pending litigations from both residents and industrialists who have their plots coming in the alignment of the road.
Of 18 kilometres, the state government has 12.5 kilometres completely free from litigation. While the remaining 5.5 kilometres land is under litigation in bits and pieces. According to records, of 661 acres to be built as the NPR, barely 26 acres in fragments is under stay from court. However, this less that five percent land has put brakes on almost one-third of the total project.
Maximum land under litigation is in the New Palam Vihar area while remaining pieces are spread across sectors like 100, 102,103, among others. We are at the final stages of preparing the paper for inviting tenders for the project which will likely be floated sometime in March, confirmed a HUDA official.
The NPR will also decongest Delhi-Gurgaon Expressway, particularly near Delhi-Gurgaon boarder toll plaza which has witnessed higher-than-expected traffic volume growth.
If the NPR comes up on time and the proposed housing projects are made available in the market, the expanded supply would correct property prices in areas like the Sohna Road and Golf Course Extension Road.
The flood of SMSes and emails from or on behalf of builders like Era (sector 103), Earth Infrastructure (sector 112), Landmark (sector 103), Rahejas (sector 108), Ansals Housing & Siddhartha (sector 106), to a name a few from the list, sell Expressway as the key point. There does not seem to be any other selling point, exerts Dr Sanjay Sharma of QuBREX.
Developers market their products on the basis of letter of intent proposed Metro station, Expressway, etc. It is incorrect to make a proposed project a USP since there is no surety. In this case, developers must inform the customer about the ground reality, explained Ankur Sood, VP, residential market, North India, Jones Lang LaSalle.
Meanwhile, the earth works being carried out in some portions by the government departments has suddenly stopped. Market analysts have started raising a question on the states will to rapidly complete the project which was floated more than five years ago.
The state has already issued licenses to developers and collected external development charges (EDC) and internal development charges (IDC) from them. The developers on their end have invited bookings and will charge these from its customers.
All the land that has been acquired for the project is from public money. It is such huge wastage of public resources which could have been moved for better purpose, asserted Ajay Dabas, director, Certes Realty Ltd, an NCR-based reality firm.
Read more: Dwarka Expressway far from a reality - The Times of India http://timesofindia.indiatimes.com/city/gurgaon/Dwarka-Expressway-far-from-a-reality/articleshow/7414937.cms#ixzz1D9vO5mPw
