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Friday 12 June 2015

Dwarka’s Fairytale Development Story

Any story on Delhi realty markets and you will most certainly come across accounts of the spectacular growth of Dwarka as a residential destination. Dwarka is one of south west Delhi’s foremost localities and possesses 29 sectors in all. 23 of these sectors have already been developed immaculately and several other infrastructural improvements are also in the pipeline. Dwarka is well connected to Gurgaon and this is one of the biggest reasons behind the spiraling demand for apartments for sale in Dwarka Delhi. The International Airport lies approximately 10 kilometres away from Dwarka while the Airport Express Line has revolutionised access to the airport through the Sector 21 metro station.

The locality is home to several major markets, including those in Sectors 10, 6 and 12. Sufficient parking spaces and wide roads are other plus points of this locality. This locality is also referred to as one of the biggest ever housing colonies across all of Asia and there are multiple available apartments for sale in Dwarka Delhi on the back of fast rising demand. Gurgaon is a corporate and commercial hub and is located only 10 minutes away from the locality. The National Highway 8 also runs near the project along with the Najafgarh Road, Outer Ring Road and Pankha Road. The Rewari railway line also lies near the locality.

Dwarka’s housing market has also grown due to easy access to several prominent areas in Delhi like West End, Vasant Kunj, Uttam Nagar, Vikas Puri, Vasant Vihar, Najafgarh, Janakpuri, Bijwasan, Delhi Cantonment and Palam Vihar. The locality is home to approximately 1718 residential complexes and enclaves and the population has crossed 1, 100, 000 here as per several reports and studies. The DDA has also allotted land for the development of several foreign embassies and missions in Dwarka. This will certainly boost overall development in the locality to a huge extent. The road, MRTS and metro networks have contributed to the rise in demand for residential units in Dwarka. The locality alone possesses 8 metro railway stations.

The area is well on its way towards becoming a big ticket finance and residential hub of Delhi. The property market consists of high end apartments, studio apartments, special housing projects for senior citizens and more. The DDA has also introduced several pioneering initiatives in this locality including cycle sharing projects and e-buses. The DDA is also looking at positioning Dwarka as a smart city. The Dwarka Expressway has also transformed the face of the area with more and more premium projects being constructed in that location. The Dwarka Sector 10 neighborhood is also being readied to host an upcoming finance hub like the one in Mumbai and this will definitely scale up residential and commercial demand alike in the locality over the next few years.

Gurgaon-Dwarka Expressway is being heralded as the next big residential hotspot by developers and several leading players are operating here, including Assotech, Tata Housing and Adani among others. With infrastructural developments and the initiatives undertaken by the DDA, Dwarka is well on its way towards becoming one of Delhi’s hottest residential cum commercial areas in the future.

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