DELHI: There is good news for investors and end users who bought property along the 18km-long, 150-metre-wide Dwarka Expressway in Gurgaon with the latest estimates saying that the project is likely to be completed by the end of this year.
Dwarka Expressway has emerged as one of the most sought-after real estate destinations in the National Capital Region (NCR) and promises handsome returns to buyers owing to its proximity to the national capital and the IGI airport.
Construction of 15km of the 18kmlong stretch is already complete and only 3km is left to be delivered—Huda has committed to settle all rehabilitation issues on this strip by February 15, according to a report.
The expressway will bring Delhi and Gurgaon closer. It will also ease the traffic problems on NH-8 and connectivity will become smoother and faster.
One of the principal developers on Dwarka Expressway is Puri Constructions Private Limited, which is coming up with Emerald Bay, a premium, luxurious residential project, in Sector 104.
Maximum appreciation: Emerald Bay is one of the few group-housing projects that open up directly on to Dwarka Expressway. The project is about 7km from the IGI airport and in close proximity to the Delhi border. These factors, coupled with social infrastructure like the proposed Metro line along the expressway, schools, hospitals, and malls—all in the vicinity—will yield maximum appreciation for the property here. The road in front of the project is already built.
Arjun Puri, director of Puri Constructions, says: “We launched Phase 1 of Emerald Bay at Rs 7,250 per sq ft and the entire Phase 1 was sold out on Day1. To ensure that Emerald Bay is built on time and as per its quality benchmarks, we have given the construction contract to Simplex Infrastructures. They are using Mivan Form Work to deliver Emerald Bay on time—the piling is complete and work on the basement is in progress. Once the expressway is completed, property rates here will double. We will deliver the project in November, 2017.”
Simplex is one of the top contractors of India with a turnover of over Rs 6,000 crore. They are the contractors for the Delhi, Mumbai, and Bangalore Metros. They are also the contractors of one of the longest flyovers in India in Hyderabad, the Ritz Carlton in Bangalore, and Lodha World One Tower in Mumbai (under construction), Puri said.
Emerald Bay is over 17 acres and is designed by ARCOP; the landscape is by Site Concepts, Singapore. It comes with high-end specifications like VRV air-conditioning, imported marble flooring, all units with three side open, modular kitchens, and a 25,000 sq ft clubhouse.
Puri Constructions is one of the leading laxury property developers in the NCR focused on Gurgaon and Faridabad. Both its developments—Palm Springs in Gurgaon and Pranayam in Faridabad—have won Best Residential Property-2012-13 awards, Puri said.
The company’s Diplomatic Greens project on Dwarka Expressway is at an advanced stage of development and is considered as one of the most prestigious projects of Dwarka Expressway.