With the toll plaza removal, Gurgaon is likely to witness more speed in real estate development. The dealers, real estate experts and builders believe that the real estate activity has been increased in the market and the prices are likely to witness a great height of around 10% to 20%.
Gurgaon sees more proximity to Delhi because the toll is gone. When it comes to living and investing in real estate, the real estate prices may jump up in Gurgaon because of the removal of toll and people are already witnessing this impact.
According to Executive Director, DLF Home Developers, Aakash Ohri, the daily commuters will get huge relief with the toll plaza removal between Gurgaon and Delhi. Along with the growth of connectivity options, this development will also ensure tension-free commute and enhance the existing infrastructure in Gurgaon. The real estate market will see enhanced connectivity between Gurgaon and Delhi and its positive impact will also be seen. Gurgaon has been grown as the worldwide development hub which has huge scope for growth in future.
The projects like Udyog Vihar, Ambience Island, DLF Phase II and DLF Phase III will enjoy direct benefit because of the removal of toll. Located in the vicinity of Delhi, these areas will now be considered as the extension of Delhi. Along with the demand, the property prices will also increase, according to a real estate expert Avinash Piplani.
Being a commercial hub, the presence of Udyog Vihar is about to increase and going there to work was a hardest thing. But today, it becomes easier to set up offices there since the toll was removed. In several property prices in Gurgaon, it is proposed to see the price rise of around 10% to 20%, according to Ajay Midha from a real estate firm Ray White.
No movement has been seen over the past couple of decades in several dead zones. But they are going to see positive impacts and a positive response will be seen in selling, buying and investing in all such areas which were inactive around the last year or so.
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