Published on: Aug 6, 2015 @ 19:00
The Punjab and Haryana high court in its order of May 2015 has cleared a major hurdle in completion of the Dwarka Expressway, also called as Northern Peripheral Road (NPR). The decision has brought cheers among the owners of 40,000 housing units constructed along the proposed road, but do not have proper access due to incomplete NPR.
The High Court lifted its stay on construction along a 2.5 km stretch of the 18 km-long Dwarka Expressway, which was stuck in litigation. Around 700 families have been affected by the expressway projects and had filed a petition in the court seeking adequate compensation regarding the land acquisition process in 2008.
The expressway is part of the Gurgaon-Manesar Master Plan 2031. It was sanctioned nine years ago to decongest the Gurgaon Expressway. With the order of High Court, the region is once again, all set to witness speedy completion of the remaining part of the 18 km long NPR. About 14 km of Expressway has already been constructed and the remaining four km was getting constructed at New Palam Vihar and Sihi village.
Once the project gets completed, it will connect Dwarka and Kherki Daula Village situated on NH-8. The new expressway will be an alternative link to reach Delhi, besides the Delhi-Gurgaon Expressway and the MG Road. The traffic from the Jaipur side will have the alternative route to move straight towards Dwarka and IGI Airport. It will considerably reduce the travel time between Gurgaon and Delhi.
The Court has ordered the Haryana Urban Development Authority (HUDA) that the residents whose properties have been affected by the project be adequately compensated. The compensation shall include the cost of construction for new houses. It has directed HUDA to allot plots of similar size to the affected families within six months. Around 300 affected people are supposed to get free plots, while monetary compensation for building new houses is to be given to those who already have homes there.
Real estate players got the sigh of relief by the high court order as more than 80 private housing projects have come up along the NPR. As it was published in the Times Of India, Navin M Raheja, CMD, Raheja Developers Limited, says, ”The news brings an additional joy to the owners, buyers and developers who have projects on that stretch at different stages of construction . This has brought relief to thousands of buyers who have invested in this region and were stuck since long due to the stay order. This translates to the fact that the confidence of buyers in the same zone will go up considerably.”
The verdict will impact the growth of this region and has brought cheers in the market. With project expected to be completed in the coming times, the stretch seems to hold a lot of potential in Delhi NCR real estate market.
Ajay Verma, founder and writer of TheHousingWorld, a real estate and mortgage news website. He has over fifteen years of rich experience in the above mentioned industries.