This is expected to be ready by 2008 and residential land prices have appreciated by almost 100%, jumping to about Rs 3 crore per acre this year, from Rs 1.5 crore per acre in the year 2005. However oversupply may be just round the corner, causing prices to dip. Big developers like Eldeco, Parsvanath, and Unitech have ongoing projects here, while DLF too, has acquired land. Now add to that, another 8000 apartments that will be ready for use in two years.

Jayant Verma, Executive Director (North), Knight Frank (India) opines that prices will rise, but at a measured rate and that it will not be more than 5-10% keeping in tune with the inflation. For now though, with the recent announcement of the Reliance SEZ in Haryana, along the expressway, land prices are likely to rise further. However its going to take atleast another year, before the highway is ready, and the infrastructure improves.