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Dwarka Expressway was planned in 2006 and it was expected to be completed by 2010. After several missed deadlines, legal hassles and protests by plot owners, the Haryana Shahari Vikas Pradhikaran (HSVP) on Saturday said that it was ready to hand over the Dwarka Expressway carriageway project to National Highways Authority of India (NHAI). The NHAI will finish the project.
Sobha’s International City – an exclusive low density villa-only township, was featured on NDTV Prime exclusively and highlighted its benefits for the potential home buyers.
Preliminary investigation suggests that at least four GPA (general power of attorney) holders, whose properties were coming in the way of the expressway’s alignment, have been given alternative plots in Sector 110A by Huda
Dwarka Expressway is running more than a decade behind schedule because of a series of legal cases. It was originally conceived by the Haryana government. NHAI took over the project only in 2017.
Oustees demand compensation as per 2015 policy, better known as the final terms of settlement. It states that Huda will compensate all oustees—registry holders, and holders of general and special power of attorney (GPA/SPA). Huda, however, has failed to compensate GPA and SPA oustees, and the matter is pending in the high court.
In March 2017, the high court had stayed the allotment of alternative plots to a group of oustees who had general power of attorney (GPA) and special power of attorney (SPA) for the land on which they had built houses.
The road is almost complete in Gurgaon, except at Kherki Daula and New Palam Vihar, relocation of houses coming in the way of the road has delayed the project.
The land owners are not willing to part with their plots for a compensation amount that is less than Rs 10 crore per acre, while Huda is not in a position to offer more than Rs 5 crore an acre.
A section of Dwarka expressway was incomplete in Kherki Daula due to delay in removal of structures, which had obstructed the connection of the expressway with NH-8.
This is good news for real estate companies that had invested over Rs 60,000 crore in residential and commercial projects along the 150-metre-wide roadway, but had been stymied by the reluctance of buyers due to lack of proper connectivity.
Huda is now planning to acquire an additional eight acres to change the road’s alignment, which, being a complex process, may take several months and also increase the cost of the project.
The sectors 91 to 115 are developed along the Dwarka expressway and a large number of residential and commercial projects are coming up in these areas
On the BSE, 1.03 lakh shares were traded in the counter so far, compared with average daily volumes of 6.63 lakh shares in the past one quarter
The minister said the government will also construct a tunnel from Haryana side and connect it with the T3 international airport to reduce the frequent traffic jams
The company had achieved sales booking of Rs 2,145.80 crore in the 2015-16, Bengaluru-based Sobha Ltd said in its operational update filed on BSE
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