The Future of Real Estate in Dwarka Expressway is transforming urban living with its strategic location and modern infrastructure. Despite challenges, its promising future is bolstered by robust development, government initiatives, and luxury real estate offerings.
Also known as the Northern Peripheral Road (NPR), Dwarka Expressway is rapidly emerging as a prime real estate corridor in the National Capital Region (NCR). Stretching 29 km between Delhi and Gurgaon, this expressway offers exceptional connectivity, global urban living, and excellent investment potential. With proximity to commercial hubs and ongoing infrastructure developments, the future of real estate along Dwarka Expressway looks promising.
However, while the opportunities are significant, challenges such as real estate project delays and regulatory hurdles also play a role. This blog explores the expressway’s impact on regional growth – highlighting its role as a gateway to modern urbanisation and the opportunities it presents for homebuyers and investors, along with the challenges that may arise.
Table of Contents
Current State of Real Estate Market in Dwarka Expressway
With the operationalisation of this state-of-the-art expressway, the Dwarka Expressway-New Gurgaon cluster has become a focal point for both residential and commercial development. In 2023 alone, this submarket saw the sale of 12,409 housing units, amounting to a staggering ₹25,000 crore, and reflecting a 67% year-on-year sales growth.
This surge in demand is driven by the government’s push for enhanced connectivity between key hubs, making the area increasingly attractive to homebuyers and investors. Real estate developers have responded robustly, launching over 11,270 new housing units in the area in 2023 – that account for more than two-thirds of all new launches in Gurgaon. Additionally, about 175 acres of land have been acquired through 17 deals since 2022, further cementing the area’s development potential.
The future of real estate in Dwarka Expressway looks incredibly promising, as the ongoing infrastructure upgrades and strategic land acquisitions continue to fuel growth. As the area evolves, it is already becoming one of the most sought-after real estate destinations in the NCR, offering unparalleled connectivity and modern living standards. This makes it an exciting opportunity for first-time buyers looking to invest in a promising area and seasoned investors seeking long-term growth.
Source: JLL
Dwarka Expressway: A Quick Glance!
An ambitious 8-lane high-speed corridor, Dwarka Expressway is rapidly transforming the landscape of Delhi NCR. Spanning 29 km, it begins at Shiv Murti on the Delhi-Gurgaon Highway (NH48) and culminates near the Kherki Daula Toll Plaza. Designed to ease traffic congestion between Delhi and Gurgaon, it features India’s first elevated urban expressway and the longest urban road tunnel.
The expressway’s route strategically passes through Dwarka Sector 21, Gurgaon-Delhi border, and Basai – connecting vital sectors of Gurgaon such as 88, 83, 84, 99, and 113. The Haryana section, stretching 19 km and built at a cost of ₹4100 crore, includes sophisticated features such as automated toll collection and an Efficient Transport System (ETS). This section also hosts a unique 9-km elevated road on a single pillar, a first in the country.
SOBHA Apartments and other prominent real estate projects are emerging rapidly along the expressway, making it a focal point for future real estate development. Despite challenges highlighted in a CAG report, including delays and cost overruns, the future of real estate in Dwarka Expressway remains promising. The expressway’s inauguration is a significant milestone, marking the beginning of a new era of connectivity and urban growth.
Source: India Today Article
Future Infrastructural Development
Dwarka Expressway is transforming into a prime real estate hub with the rapid infrastructure development. According to Anshuman Magazine, Chairman & CEO of CBRE, the area is becoming synonymous with luxury – featuring modern amenities such as clubhouses, swimming pools, gyms, sports facilities, manicured gardens, and round-the-clock security. This combination of high-end living features, luxury gated communities, and excellent connectivity is driving strong demand and high occupancy rates – solidifying the region’s appeal for both buyers and tenants.
The impact of the Dwarka Expressway on property pricing has been significant, with noticeable appreciation in residential properties, especially in the premium and luxury segments. The expressway has spurred numerous infrastructural projects – including flyovers, link roads, ramps, and underpasses – that are enhancing connectivity and accessibility.
Notable projects include the extension of Nelson Mandela Marg, proposed Gurgaon-Manesar Expressway, and the extension of Urban Extension Road-II. These developments will improve the daily commute and elevate the region’s status as a highly sought-after investment destination.
Looking ahead, these developments are likely to influence future market trends. As connectivity improves, demand for properties along Dwarka Expressway is expected to rise further, particularly in the luxury segment. This increased demand could lead to continued price escalations, making early investment in the region highly rewarding.
Sources: Realtynmore / Financial Express
Real Estate Market Trends in Dwarka Expressway
Driven by significant infrastructure development and ever-increasing demand, the Dwarka Expressway corridor has emerged as one of the most sought-after real estate markets in NCR. The current real estate landscape is marked by a robust demand for both residential and commercial properties, with a noticeable preference for luxury apartments and mixed-use developments.
The average price of properties along the expressway stands at ₹9492 per square foot, reflecting a healthy appreciation rate. This upward trend in property prices makes it a favourable market for both buyers and investors.
Future Developments
Ongoing infrastructure projects and strategic location of Dwarka Expressway continue to fuel this growth, making it a highly promising investment destination. With 5026 properties listed for sale and prices reaching up to ₹250,000 per sq ft for ultra-exclusive properties, the market sentiment remains positive.
Looking ahead, the future of real estate in Dwarka Expressway is exciting, with expected growth in areas close to key junctions and commercial hubs. As the expressway becomes fully operational, further price appreciation is anticipated – solidifying its position as a prime real estate corridor in the region. Investors and homebuyers are likely to benefit from these favourable market conditions.
Source: Housing.com
Key Sectors and Localities in Dwarka Expressway
The Dwarka Expressway corridor is home to many key sectors and locales that are transforming into vibrant real estate hubs – offering a mix of luxury, connectivity, and growth potential. Read further to know about it in detail.
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Sectors 102-103: A Dynamic Hub
Sectors 102 & 103 offer a dynamic mix of residential and commercial projects. This area has become a hotspot for investment, due to its proximity to essential infrastructure and excellent connectivity.
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Sector 106: The New Downtown
This sector stands out with SOBHA Altus – an exclusive gated community with ultra-luxurious 3 and 4 BHK residences. With fluidic architecture, modern amenities, and vast living spaces, this project caters to those seeking a blend of luxury and convenience in a prime location.
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Sectors 108-110: Emerging Residential Hubs
Further along the expressway, Sectors 108-110 are fast developing into residential hubs, focusing on high-end living spaces. These sectors offer a serene yet connected lifestyle, attracting families and professionals looking for quality living environments.
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Sectors 112-113: Connectivity and Growth
These sectors are gaining prominence due to their excellent connectivity to both Delhi and Gurgaon, making them attractive for both residential & commercial developments and ensuring excellent growth potential.
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Sector 80 / Karma Lakelands: Greenery for well-being
SOBHA Aranya in Karma Lakelands offers 3 & 4BHK eco-luxe residences ranging from 2836 to 4285 sq ft. The unique blend of luxury and sustainability at Karma Lakelands is a testament to the future of real estate in Dwarka Expressway, promising significant appreciation and growth.
Government Policies and Initiatives
The future of real estate in Dwarka Expressway is being shaped significantly by proactive government policies and initiatives. The Gurgaon Metropolitan Development Authority (GMDA) is playing a crucial role in enhancing the infrastructure around Dwarka Expressway.
Upgrading master roads in key sectors and constructing service roads along the expressway are top priorities, with substantial investments of around ₹80 crore for master sector roads and an additional ₹95 crore for service roads. These improvements aim to ensure seamless commutes for residents and boost the area’s overall connectivity.
Policies for Future
The Haryana government’s development of Global City along the expressway is another game-changer, set to be the largest and most advanced business district in NCR. Developed by HSIIDC and spread over 1000 acres, this ambitious project will feature world-class offices, residential towers, retail spaces, and more – all interconnected by a multimodal transport system that includes a dedicated Metro line.
The future of real estate in Dwarka Expressway looks promising, with these initiatives not only enhancing the quality of life but also driving significant growth in the region’s real estate market, making it a prime investment destination.
Lifestyle and Amenities
The future of real estate in Dwarka Expressway is closely tied to the extensive amenities and social infrastructure being developed in multiple sectors. The area has many well-established schools, hospitals, and shopping avenues in its vicinity, providing residents with a high standard of living.
Notable educational institutions such as S N International School, DPS, Shanthi Niketan Public School, and Rajiv Gandhi High School cater to the academic needs of the community. In terms of healthcare, facilities like Dev Hospital, Shivay Hospital, and Vibrant Hospital ensure that your family gets smooth access to quality medical care.
Additionally, avenues for shopping such as Pacific D21 Mall, Global Foyer Mall, and WTC Plaza offer a variety of retail options, enhancing the convenience and lifestyle of those living in the area. Looking ahead, the future of real estate in Dwarka Expressway is set to be further bolstered by planned developments in education and healthcare.
The government’s focus on expanding infrastructure includes the introduction of new educational institutions and healthcare facilities, which will not only attract more residents but also contribute to the area’s overall growth. These developments, combined with the region’s robust existing amenities, make Dwarka Expressway an increasingly attractive destination for homebuyers and investors.
Current Challenges in Dwarka Expressway Real Estate
While the future of real estate in Dwarka Expressway looks promising, there are a few challenges currently affecting the area. Delay in construction, disruptions in connectivity, and slowdown of real estate development in some sectors have led to concerns among developers and buyers.
Property prices in Dwarka Expressway are high, making it difficult for middle-income buyers to invest and slowing down the absorption rate of new projects. Additionally, there are ongoing concerns about the availability of essential services like water and electricity in certain areas.
Despite these issues, the future of real estate in Dwarka Expressway is still optimistic. With continued government efforts and infrastructure improvements, these challenges are expected to be addressed, leading to further growth and development in the region.
The Future of Dwarka Expressway: A Promising Real Estate Corridor
Dwarka Expressway, a key development in the Delhi-NCR region, has quickly emerged as a sought-after micro-market, drawing significant interest from investors and homebuyers. This expressway has transformed the surrounding areas, boosting housing demand and positioning the region as a prime real estate hotspot.
With the expressway now fully operational, property rates are expected to rise by 10-15% in the coming months. The strategic location and improved connectivity make this area particularly attractive. The region offers a wide array of residential options, from luxury apartments to affordable housing, catering to diverse needs.
The ongoing infrastructure development has turned nearby sectors into vibrant centres for residential and commercial growth. Proximity to Yashobhoomi, Dwarka, further enhances the area’s appeal, promising substantial capital appreciation. Additionally, the high visibility and potential footfall along the expressway can drive brand awareness and business growth.
Recent data highlights the significant growth potential of this region. Over the past ten years, housing prices in projects along Dwarka Expressway have surged by 83%, with projections indicating a further 20-40% price appreciation in the next 2-3 years. Data from Anarock, a real estate consultancy, reveals that over 53,000 housing units have been introduced in the Dwarka Expressway region over the past decade, with more than 80% already sold. This robust demand has driven up property prices, underscoring the area’s attractiveness and its promising prospects for future real estate ventures.
Source: Anarock – Dwarka Expressway
Conclusion
Dwarka Expressway is revolutionising real estate in Delhi NCR. Nearing full operational status, it promises to enhance urban living with improved connectivity and modern infrastructure. Despite challenges like construction delays and high property prices, substantial investments in infrastructure, luxury gated communities, eco-friendly residential projects, and expanding lifestyle amenities signal a bright future.
Dwarka Expressway is set to become a premier real estate destination, with its growth potential and transformative impact setting new standards for urban development in NCR. The future of real estate in Dwarka Expressway is promising and full of opportunities.
FAQs
1. Is it good to invest in Dwarka Expressway?
Yes, it is good to invest in Dwarka Expressway due to strategic location, ongoing infrastructure development, and high potential for future appreciation.
2. Which sector is best in Dwarka Expressway?
The best sectors in Dwarka Expressway are Sectors 106, 109, and 80, due to their prime location and proximity to key amenities.
3. Is Dwarka a good place to invest?
Yes, Dwarka is a good place to invest, apart from sectors along Dwarka Expressway that have enhanced connectivity and growing property values.
4. What is the scope of Dwarka Expressway?
The scope of Dwarka Expressway includes development of many sectors, significant growth potential, enhanced connectivity between Delhi & Gurgaon, and boost to surrounding real estate markets.
5. What is the future of Dwarka Expressway?
The future of Dwarka Expressway is bright with continued infrastructure development, high growth in property values, and enhanced connectivity driving real estate investment.
6. Which is better Greater Noida or Dwarka Expressway?
Dwarka Expressway offers better connectivity to Delhi and has more advanced infrastructure compared to Greater Noida, making it a more attractive investment location.
7. What is the current state of real estate development on Dwarka Expressway?
The current state of real estate development on Dwarka Expressway is excellent, with numerous residential and commercial projects underway – reflecting strong investor interest and market growth.
8. How is the infrastructure development on Dwarka Expressway expected to impact real estate prices?
Infrastructure development on Dwarka Expressway is expected to drive up real estate prices by improving connectivity, accessibility, and overall attractiveness of the area.
9. Which sectors along Dwarka Expressway are considered the best for real estate investment?
Sectors 106, 109, 80, and 112-113 are considered the best along Dwarka Expressway, due to their strategic locations and the presence of premium developments.
10. What types of residential properties are most in demand on Dwarka Expressway?
Luxury and high-end residential properties are most in demand on Dwarka Expressway, driven by the area's upscale developments and improved infrastructure.
