Both property buyers and developers have seemingly changed their focus to Dwarka Expressway, ever since the Allahabad High Court struck down acquisition of over 150 hectares of land in Chak-Sahberi village at Greater Noida (dubbed Noida Extension by builders). Since there seems to be no end to the uncertainty looming over the fate of these projects, developers feel that the entire community of investors will change their focus to Dwarka Expressway. The going rates here are up to three times more than Noida Extension. This is reflected in the price levels. Land prices have risen more than 50 per cent and are now in the range of Rs 47,000 per square yard from Rs 31,000 per square yard a year ago. Home prices are in the range of Rs 3,300-Rs 3,550 per square feet, up from Rs 2,300-Rs 2,400 per square feet a year ago.
The proposed Dwarka Expressway, also known as the Northern Peripheral Road (NPR) Expressway, is a part of the Gurgaon-Manesar Urban Complex proposed in the Gurgaon-Manesar Master Plan 2021. It would connect Dwarka to NH-8 and will have 30 metres of green belt on both sides. The Expressway is an 18 kilometre stretch of 150 metre-wide road, starting from Dwarka and connecting Palam Vihar and the planned SEZs in Gurgaon to join the NH 8 near Kherki Dhaula.
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