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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
Unlike acquisition of land under the Land Acquisition Act, land acquired under the NHAI Act cannot be challenged in court
The urban development body had planned to connect the expressway with IMT Manesar via the master roads of Sector 84,85,86,87 and 88.
All eligible candidates, barring oustees with general power of attorney (GPA) and special power of attorney (SPA), will be given allotment letters
They will get the possession of plots in a week and have six months to vacate the buildings that come in the alignment of the much-awaited expressway.
The association has demanded the overall status of external development charges (EDC) and infrastructure development charges (IDC) collection from DTCP for the development of basic infrastructure
Earlier this month, Huda managed to remove around a dozen structures and take in possession around 10 acres, including farmland, to pave the way for the missing link.
To ensure acquisition of land does not face any hurdle, it has issued the notification under the NHAI Act, citing national interest.
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