The announcement of the new ISBT (Inner-state bus terminal) off the Dwarka Expressway has come as good news for the Gurugram real estate market. In fact, the new ISBT is going to spread over 15 acres of land in Sihi Village. It is also designed to cater to the modern-day needs of travelers. In fact, some experts said that the creation of modern amenities is going to enhance connectivity and it will also further boost the real estate market in the nearby regions.
The terminal is also expected to offer better connectivity, amenities, more space, and convenience for civilians and employees. Unlike the old bus stand, the new bus terminal is expected to offer a comfortable and hassle-free experience for commuters.
Vineet Dawar, senior vice-president of sales and strategy of Elan Group said that the company is delighted to see the positive response and enthusiasm from the community for the new infrastructure development in the area. The modern amenities will enhance the connectivity and also provide you with better service to the people.
The project also represents a significant step towards a brighter future for the area where it is going to get covered. It also comes with tons of new infrastructure projects in the future, fostering the growth and development of the community. The old bus stand is also in a very poor condition for the longest condition and it has also failed to meet the requirement of the growing number of travelers. The new ISBT is now expected to offer a much-needed upgrade of infrastructure and services. The new ISBT is also going to cater to the needs of budget travelers as well as those who offer luxury and comfort.
With the new strategic location and excellent connectivity to the Dwarka Expressway and the newly developed sector of Gurugram, the new ISBT is going to be poised to have a significant impact on the local real estate market.
After the operation, the ISBT is expected to drive up the market value of residential projects from Sector 58 to Sector 115 of Gurugram, making it an attractive destination for investors and homebuyers alike. Now, the growth of the real estate sector is expected to pave the way for further development and expansion, offering the overall economic growth of Gurugram.
CEO of Smartworld Developer Vivek Singhal said that the government is also developing a state-of-the-art, transportation and recreational hub which is near Sector 113 and Sector 111, Gurugram. The development is also going to enhance accessibility to world-class facilities and amenities for the micro-market of West Delhi and Dwarka.
The completion of Dwarka Expressway is also expected to impact the real estate market in Gurgaon when it terms demand and price escalation. The government is dedicated to its effort towards infrastructural development and connectivity. The micro-market is going to transform into a highly sought-after destination for investors and end-users.
The ISBT is also expected to become a major hub for interstate travel and the government is also working towards making it a world-class facility.
