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Real Estate >> News
100 More Crore to Vitalize Infrastructure in Gurgaon
By
siliconindia
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Friday, September 20, 2013
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Gurgaon, the Millennium City has been the recipient of massive investments in infrastructure over the last decade. The sprawling growth of service sector has given a subsequent push to the retail and residential sector to expand beyond the city center in this part of the metropolitan region. A recapitulation of the expansion of real estate in this city advocates for the critical role played by the investments in the industrial and civic infrastructure by the center and state governments.
The Kundli-Manesar-Palwal Expressway that started being constructed in 2007 has accentuated of the worth of land in sectors located along the Manesar-Palwal stretch. Moving forward comes the boost to Gurgaon realty that has come from the Dwarka Expressway. This stretch of road link from Dwarka Metro Station up till its juncture with National Highway 8 (NH8) has proved to be immensely beneficial for worth of residential and commercial properties in this expanse. Sectors like 99, 100, 101 and 110 in Gurgaon have emerged as the hub for the upcoming integrated realty projects and witnessed a healthy absorption rate so far.
Captivatingly, the latest update about the revitalizing infrastructural assets in Gurgaon has come as a respite to the present situation and a promising prospect for further growth of realty in this city. The Union highway ministry and the Haryana government ratified the proposal of constructing a flyover at the Hero Honda Chowk on NH8. As a known fact, this junction has been a clutter for daily commuters to Gurgaon from different regions. In order to smoothen the flow of heavy traffic and obliterate the bottleneck situation, the Haryana government plans to construct a six-lane flyover at this junction. The state government intends to contribute 25% of the total cost of the flyover while the rest is being funded by the center.
The construction of this flyover is envisioned to be followed with elevated road stretches to further interconnect the service lanes with the NH8.
This ruling is expected to encourage realtors to develop more residential and commercial projects at this location. The stretch leads to the sectors like 81, 90 and 92 where the construction spree has already begun. The locations of world class health care facilities, retail and hospitality hubs in the vicinity Hero Honda Chowk has been attractive for the developers and dwellers over the last two to five years. Moving forward, the construction of this flyover at a prominent junction like Hero Honda Chowk is assessed to further elevate the growth prospects of real estate in Gurgaon city.
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