Gurugram is all set to receive a significant infrastructure development with the approval of a four-lane
flyover at Ambedkar Chowk, which is one of the busiest junctions in the city, connecting Sectors 45,
46, 51, and 52. The proposed plan, sanctioned by the Gurgaon Metropolitan Development Authority
(GMDA), will help reduce the traffic congestion that has been a problem in the region and will be
completed in the next two years.
Although the primary benefit of this initiative will be the reduction in traffic congestion, the benefits
of this project will go beyond just that, especially for homebuyers and real estate investors in
Gurugram.
Key benefits of the ambedkar chowk infrastructure projects in Gurugram
Improved Road, Metro & Expressway Connectivity in Gurugram Sectors 45, 46, 51 and 52
Indeed, one of the simplest yet most effective ways in which large-scale infrastructure development,
such as flyovers, benefits a location is through connectivity enhancements.
The Ambedkar Chowk intersection is always congested because it is the prime spot where major residential pockets and business areas are connected.
The flyover will ensure that these points are no longer bottlenecks, making commutes easier and faster, a major selling point for those looking to purchase property.
Generally, buyers prefer the location that has smooth connectivity to the workplaces, educational
institutions, medical centers and entertainment hubs.
The connectivity enhancement provided by the flyover will make locations around Sohna Road more liveable and attractive, particularly to the younger generation.
Why Infrastructure Generally Triggers Property Value Appreciation
The real estate sectors across the globe, including Gurugram has always shown a positive correlation
between property appreciation and infrastructure development.
This is mainly because improved infrastructure leads to reduced travel times and much easy connectivity to commercial spaces, job centres. This makes these locations more attractive to potential buyers, thus triggering a natural increase in demand.
Micro-markets in Gurugram’s Dwarka Expressway have witnessed a substantial appreciation in
property prices owing to continuous infrastructure development.
Increased Buyer Confidence and Long-Term ROI
Infrastructure development projects reflect the government’s commitment to development, thus
increasing buyer confidence. The benefits of such projects, when well planned and implemented,
include the following:
- An increase in property demand, as more homebuyers express interest in relocating to areas that are well-connected.
- The resale value of properties along such corridors is likely to retain its value over time.
- Improved rental yields, as commuters remain loyal to the convenience of living in well-connected areas.
This has already been seen in the major growth corridors of Gurugram. For instance, improved
connectivity through the Dwarka Expressway has resulted in a significant increase in residential
property prices over the years, thus demonstrating the impact of infrastructure development on market
performance.
Economic and Amenities Boost
These road upgrades usually have associated commercial development, such as shops, office space,
retail, restaurants, and entertainment facilities. With the boost in local economies, living areas are
more vibrant with enhanced services and lifestyle choices. This not only improves the quality of life
for the locals but also the value proposition for properties in the surrounding areas.
Anticipation Effect, Prices Can Rise Even Before Completion
Notably, the real estate market responds favourably even before infrastructure development projects
are completed. This is because the anticipation of future convenience creates demand, and in most
cases, prices rise even before the completion of the project.
Conclusion
The Ambedkar Chowk flyover in Gurugram is more than just a traffic relief measure; it is a powerful
indicator of future development, connectivity, and real estate potential. Such infrastructure
development is a key driver of shaping buyer sentiment and property value.
For a homebuyer, this is a great opportunity to explore connected micro-markets before the demand
and prices escalate. Smart homebuyers invest in opportunities when growth is evident but not yet
reflected in prices.
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(Source: Times of India)
Disclaimer: This article is modified based on the real estate industry of Gurugram
