Global City Gurugram: Transforming Dwarka Expressway into a Real Estate Hotspot
The Haryana Government's ambitious mixed-land-use project, Global City Gurugram, is set to redefine the real estate landscape along Dwarka Expressway. This vast project, spanning 1080 acres in Sectors 36B, 37A, and 37B, aims to integrate residential and commercial complexes, high-street retail spaces, Special Economic Zones (SEZs), high-tech industrial areas, plotted developments, and comprehensive social infrastructure, making it India's largest township.
?Infrastructure and Smart City Features
The Global City Gurugram is designed with futuristic and smart city features, including a jogging park, gymnasium, multi-purpose lawn, lush green spaces, exquisite water bodies, and spacious roads. The first phase of construction, overseen by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), involves a Rs 940-crore tender for building roads and essential infrastructural facilities like electricity and water supply.
Investment Potential and Connectivity Boost
The project is not only a significant development for Gurugram but also plays a key role in the Delhi-Mumbai Industrial Corridor (DMIC), attracting an estimated investment of close to $15 billion. Dwarka Expressway, which is in its final stages of construction, has already emerged as a hot real estate hub, drawing investments from renowned developers. The multi-nodal connectivity, job opportunities, and anticipated investment inflows make Dwarka Expressway an attractive destination for property buyers. The upcoming interstate and intercity bus terminals, along with an integrated multi-modal transit hub near Global City, are poised to elevate infrastructural connectivity in the region.
Luxury and Mid housing Real Estate Boom
Gurugram is witnessing a peak in luxury and mid housing real estate development, particularly along Dwarka Expressway. The state-led Global City Gurugram is expected to further enhance the investment potential in this sub-city. Sector 81, Sector 37D in proximity to the expressway, is evolving into a high-end residential property hub, offering a life of comfort and luxury with quality residences, recreational amenities, and high-tech security features.
Changing Trends in Homebuying
The demand for luxury and Mid housing homes has seen a significant rise, especially after the pandemic. Larger homes such as 3 and 4BHKs, as well as penthouses, are topping the preferences of homebuyers. The Global City project is expected to amplify and attract more investments in the region, contributing to the overall growth of Gurugram's real estate sector.
Beyond Dwarka Expressway: Emerging Residential Zones
The positive impact of Global City Gurugram extends beyond Dwarka Expressway to nearby residential zones. These areas, strategically connected to Dwarka Expressway, NH-8, Gurgaon-Faridabad Road, and the upcoming DMIC, including Sohna region, are witnessing vibrant residential and commercial developments. Luxury independent floors have emerged as the preferred investment category among homebuyers, offering advantages such as higher resale capacity, lower maintenance costs, property price appreciation, and eco-friendly features.
?In conclusion, Global City Gurugram is not just a township project but a catalyst for transforming Dwarka Expressway and its surrounding areas into thriving real estate hotspots. With a focus on luxury living, smart infrastructure, and strategic connectivity, this project is poised to redefine the real estate landscape in Gurugram and contribute significantly to the economic growth of the region.
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