Business
Dwarka Expressway Pushes 3BHK Prices From Rs 1.8 Crore To Rs 4 Crore In 4 Years
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Easy access to Delhi’s IGI Airport, plus connectivity to Cyber City, Udyog Vihar, and the Delhi-Mumbai Expressway, makes the area highly attractive to investors
Experts attribute this price surge to the excellent connectivity provided by the Dwarka Expressway. (PTI/File)
Prime Minister Narendra Modi inaugurated the Delhi section of the Dwarka Expressway and Urban Extension Road-II (UER-II) on Sunday. These projects are expected to significantly reduce traffic congestion in the national capital and enhance connectivity with neighbouring cities. The Haryana section of the Dwarka Expressway is already operational.
Since the announcement of the Dwarka Expressway construction, property prices in the surrounding areas have surged and show no signs of slowing. Over the past four years, property values around the expressway have nearly doubled, with experts predicting a further 15-20% increase over the next two years. According to a study by PropEquity, the launch price on the Dwarka Expressway has risen from Rs 9,434 per square foot in 2020 to Rs 18,668 per square foot in 2024.
Similarly, the price of a standard 3BHK flat has escalated from Rs 1.8 crore in 2022 to between Rs 2.6 crore and Rs 4 crore this year.
Experts attribute this price surge to the excellent connectivity provided by the expressway. The easy access to Delhi’s IGI Airport, and connectivity to major economic centres like Cyber City and Udyog Vihar, along with a direct link to the Delhi-Mumbai Expressway, have made this area highly attractive to investors.
Property Demand Set To Rise
Navdeep Sardana, founder of real estate company Whiteland Corporation, describes the Dwarka Expressway as the most promising corridor of the NCR. The direct connectivity of Gurugram, Sonipat, and Panipat with UER-II is expected to create substantial opportunities for investors, with a rapid increase in demand for high-quality residential and commercial projects.
Pradeep Aggarwal, founder and chairman of Signature Global (India) Ltd, notes that property prices around the expressway have doubled in the past five years, driven by infrastructure that supports large-scale residential and retail development and connects to economic hubs like Cyber City.
Rising Demand For Commercial Projects
Other experts suggest the area’s development will extend beyond residential projects, with large-scale logistics hubs, retail spaces, and office developments emerging rapidly. Surinder Singh, director of GLS Group, highlights that the reduced travel time between Gurugram and IGI Airport, now just 20 minutes, and the direct link to the Delhi-Mumbai Expressway will make this area a prime location for corporates, retail companies, and service industries.
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Govt keeps petrol, diesel prices unchanged for coming fortnight – SUCH TV
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Serial rail fare evader faces jail over 112 unpaid tickets
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
Business
JSW Likely To Launch Jetour T2 SUV In India This Year: Reports
JSW Jetour T2 Launch: JSW Motors Limited, the passenger vehicle arm of the JSW Group, is reportedly preparing to enter the Indian car market this year. It has partnered with Jetour, a China-based automotive brand owned by Chery Automobile, and the Jetour T2 SUV could be the company’s first product, according to the reports.
Media reports suggest that the launch will happen independently and not under the JSW MG Motor India joint venture. The SUV will wear a JSW badge and name, instead of the Jetour branding. The upcoming SUV will be assembled at JSW’s upcoming greenfield manufacturing facility in Chhatrapati Sambhaji Nagar, Maharashtra.
According to the reports, the company plans to have the vehicle on sale by the third quarter of this year. With this move, JSW aims to establish itself as a standalone carmaker in India.
Expected Powertrain
The SUV is likely to arrive with a 1.5-litre plug-in hybrid setup. Internationally, this hybrid powertrain is offered with both front-wheel drive and all-wheel drive options. It is still unclear which version will be introduced in India.
Design
In terms of design, the T2 is a large and rugged-looking SUV. It has a boxy and upright stance, similar to vehicles like the Land Rover Defender. Despite its tough appearance, it uses a monocoque chassis instead of a ladder-frame construction.
Size
The SUV measures around 4.7 metres in length and nearly 2 metres in width. This makes it larger than the Tata Safari, even though it is a five-seater. A longer 7-seat version is also sold in some markets.
Price
Pricing details for India are yet to be announced. For reference, the front-wheel-drive five-seat T2 i-DM is priced at AED 1,44,000 (around Rs 35 lakh) in the UAE.
Jetour
Jetour is a brand owned by Chinese automaker Chery. Launched in 2018, it focuses mainly on SUVs and is present in markets across China, the Middle East, Africa, Southeast Asia and Latin America.
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