New Beneficial Dwarka Expressway Projects Ready To Move

3 months ago 64
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Benefit From Dwarka Expressway Projects Ready To Move

This elevated new corridor will connect Gurugram and Old Gurugram with 27 stations to form a ring line. The final Detailed Project Report (DPR) for the project, which is expected to cost Rs. 6821.13 crores, was approved by the cabinet of the Haryana Government in August 2022.

In June 2022, the Haryana Mass Rapid Transport Corporation Ltd. (HMRC) issued a call for bids for this consulting project, with an estimated cost of Rs. 17.68 crore and a 1440-day (3.94-year) deadline.

The following project has a limited scope of Detail Design Consultant DDC for Civil Architectural and E and M works of Elevated Section 28 KM 500 m with 27 Stations Main Corridor from HUDA City Centre to Cyber City Gurgaon of Gurgaon Metro Dwarka Expressway Projects Ready To Move and also inclusive of Depot connection.

This package will go to a second tender if HMRTC is not pleased with the first bid. If so then Egis’s bid will be sent for the technical review, which will take a few months to complete, will be sent. If Egis is eligible then their financial bid will be opened to determine whether it falls within a certain range of the budgeted estimate for a contract to be awarded.

Details about the line’s funding sources/split, depot site, construction recommendation (U-girder or segmental box girder), train operations plan, etc., are still unknown because the formal DPR has not yet been made available to the public.

The Dwarka Expressway Projects, which is now under construction and scheduled to open in December 2022, would be directly in the path of the line. It will probably have an interchange with the 106 km Delhi – SNB RRTS line at Udyog Vihar in addition to the Yellow Line of the Delhi Metro and the Rapid Metro of Gurgaon.

Daily Updates from Plots For Sale On Dwarka Expressway

Dwarka Expressway: Fast emerging as NCR’s most sought-after micro market

From being the hotspot of Gurugram’s realty market till 2012 to being one of the most sluggish and uncertain markets, with a plethora of projects with dwindling fortunes till about a couple of years back, Plots For Sale On Dwarka Expressway has witnessed it all. On the one hand, the prime driver of the micro market, the Northern Peripheral Road (NH 248BB), is being constructed at a good pace, while on the other hand, owing to subdued capital values for a prolonged period, the micro-market offers much better value proposition in the context of Gurugram.

In fact, 29-km-long, 8 lanes, and 150-meter-wide Dwarka Expressway aims to improve connectivity between Delhi, Gurugram, and Manesar. The expressway is still under development as the land acquisition issues over the years hindered its construction progress. However, as per more recent market developments, the clouds of uncertainty may clear, and the project is likely to be completed soon.

“Once the expressway is fully constructed and operational, residential real estate activity here is likely to increase further. The location has already seen massive residential real estate development and as per ANAROCK Research, more than 25,000 units have been launched in the past 6 years, with Dwarka Expressway accounting for 27% of the total supply in Gurugram over this period. As a result, this micro-market has plenty of options available for homebuyers, and the expressway completion will further spur the growth momentum,” says Santhosh Kumar, Vice Chairman, ANAROCK Group.

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