1) Mr Ravi Nirwal, Sales Director & Principal Partner, Square Yards
“The inauguration of UER II (Urban Extension Road II) marks a milestone for Delhi NCR. This high-speed, signal-free corridor connects major routes including NH 44, NH 9, and NH 48, along with the Dwarka Expressway, the Delhi Mumbai Expressway, and the international airport. From a property market perspective, the operationalisation of UER II is set to spark a significant revaluation across several micro markets. It will likely boost residential activity in Dwarka as well as in peripheral locations such as Kundli, Sonipat, and Narela. We believe, the impact will go beyond simple price appreciation. The new connectivity corridor is expected to create a broader and more resilient base of demand. It will open access to budget-friendly locations for both homebuyers and businesses while preserving seamless connectivity to Delhi’s primary commercial hubs.”
2) Mr Vimal Nadar, National Director and Head of Research, Colliers India.
The Urban Extension Road, connecting Alipur, Dwarka Expressway & Mahipalpur and the Delhi section of the Dwarka Expressway, are set to enhance connectivity and reduce commute time in the entire National Capital Region. These flagship projects have the potential to uplift the real estate landscape in catchment areas such as Dwarka, Najafgarh, Rohini and localities along NH-48 & Dwarka Expressway, particularly bolstering commercial, residential and warehousing demand in the long-term. With close to 3 million sq ft of Grade A office stock nearing completion in the NH-48 micro market, commercial real estate activity across demand segments is likely to gain traction in the next few years.