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Realty firm DLF and the Haryana Urban Development Authority (HUDA) have joined hands to construct an 8.3-km 16-lane road in Gurgaon at an investment of up to Rs 600 crore.
DLF, which has been involved in the development of Gurgaon, has signed an agreement with HUDA for the upgradation of the road from the NH-8 toll plaza to Sector 55-56, sources said.
The signal-free road with eight underpasses and a flyover would cut the commuting time to cover the distance from the Gurgaon toll plaza to the Golf Course Road to 3 minutes from 30.
HUDA and DLF would together invest about Rs 400-600 crore on the project, sources said, adding that the bidding process is underway and construction firms such as L&T, Punj Lloyd and Lanco have shown interest.
When contacted, DLF Executive Director, Mr Rajeev Talwar, confirmed the development and said, “This will ensure signal-free movement from the toll gate to sector 55-56.”
“The objective is to provide an optimal solution for traffic movements in the area based on present and projected traffic demand in future,” he added.
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