Dwarka Expressway is a 9000 crore project that connects Mahipalpur in Delhi with Kherki Dhaula via New Gurgaon in Haryana. The Expressway has 20+ flyovers, 2 rail over-bridges and underpasses, 20 underground pedestrian crossings, 11 vehicle underpasses, and a 2.5m broad cycle path.
Dwarka Expressway is expected to be completed by the end of 2022. The Delhi Metro Rail Corporation (DMRC) has also proposed a metro connectivity along with Dwarka Expressway.
According to Pankaj Bansal, the Director of M3M India, Dwarka Expressway is going to attract more than 61400 startups and 83 unicorns to invest in residential and commercial properties in NCR-Gurgaon and NPR.
As per the recent report of Orios Ventures, the Indian startups have raised a marginal amount of $42 billion in 2021 as compared to $11.5 billion in the last year. India has 83 unicorns startup with a total valuation of $277 billion as on date.
According to the latest Economic Survey 2021-22, the Delhi-NCR has become the new startup capital of India by replacing Bangalore. In last 2 years Delhi-NCR has registered overall 5,000 startups as compared to 4,514 startups in Bengaluru. A total of 11,308 recognized startups has been setup in Maharashtra.
Office space demand in Delhi-NCR region has increased to 50 percent in 2021 as compared to previous year.
Pankaj Bansal, the Director of M3M India s quote “India has become the third largest startup ecosystem in the world after the US and China. India has added 33 Unicorns in a single year. India’s 61,400 startups and 83 unicorns are all set to give a booster dose to the Indian commercial real-estate market in the coming years. Startups have leased about 2.2 million square feet office space in 2021 in the top three metros of India-Delhi-NCR, Mumbai and Bengaluru-marking a 56 per cent rise from 2020 in tandem with a spate of $1 billion-plus valuations. Many reports now suggest that India may add another 50 fresh unicorns soon. These startups and unicorns would need office and residential space with most-modern amenities & facilities with good connectivity, and NCR-Gurugram and NPR is expected to be their first choice,”
He further added “Gurugram also has the third highest per-capita income in India and has contributed significantly to the Indian entrepreneurial ecosystem. Not just startups and unicorns, even the NRIs are aggressively driving the realty market in India. Keeping the requirements in mind M3M India has recently launched M3M Capital in sector-113, Gurugram, a complete luxury golf residential project, which is on Dwarka Expressway with a top-line of Rs 4,000 crore.
“At present we have launched about 650 apartments of 2.5 and 3.5 accommodations, and the project has exclusive golf-courses, private foyer, green landscape, separate yoga and meditation area, and a 60,000 square feet clubhouse. The project has close proximity to Aerocity and Delhi International Airport, and is part of larger vision for Smart City Delhi Airport. The response has been immense and in the first three days of its launch the project clocked Rs.800 crore booking.”
Our country is going to observe the National Startup Day on 16th January from next year as stated by the hon. Prime Minister Narendra Modi. It will add new enthusiasm in startups. Union Minister of State for Electronics and Information Technology, Skill Development and Entrepreneurship, Rajeev Chandrasekhar stater that startups will drive India’s economic growth during the next 25 years with the creation of employment and investments. Therefore, NCR-Gurugram and NPR will prove to be a major investment destinations post commencement of Dwarka Expressway.