As the completion of the 26.7-kilometer Dwarka Expressway draws near, the surrounding neighborhood is emerging as one of the most sought-after micro markets in the National Capital Region.
According to documents accessed by CRE Matrix, Countrywide Promoters, a subsidiary of developer BPTP Group, invested Rs 87.27 crore in a 5.24-acre plot near the Dwarka Expressway in Gurugram.
Transaction Details:
The sale deed for the plot, located in Chauma village in Gurugram’s Sector 113, was executed on November 16, 2023. Countrywide Promoters paid a stamp duty of Rs 6.11 crore for the deal. The land was acquired from Vikram Rana and Paramjeet Rana of Bijwasan village in New Delhi.
The site is strategically situated near the Dwarka Expressway, expected to open soon, enhancing connectivity and making it an attractive real estate investment hub.
Dwarka Expressway Boosts Real Estate Growth:
The opening of the 26.7 km Dwarka Expressway, linking Dwarka in New Delhi to the Kherki Dhaula toll plaza in Gurugram, has put the area into the spotlight. The improved connectivity has led to a surge in new projects, making it a favored choice for real estate development and investment.
Recent Transactions in NCR:
This transaction follows a series of major deals in the National Capital Region. In September 2023, Aamor Inox paid Rs 87.5 crore for land in South Delhi’s Rangpuri. Simultaneously, Laxmi Devi Agarwal, wife of GR Infraprojects proprietor Devkinandan Agarwal, invested Rs 86 crore in a Vasant Vihar bungalow. In February 2023, Vasudha Rohatgi, wife of former Attorney General of India Mukul Rohatgi, acquired a Golf Links bungalow for Rs 160 crore. These transactions reflect the growing investment opportunities and robust real estate activity in the National Capital Region.
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