A recent report by Magicbricks covering the period from July to September 2023 indicates a remarkable surge in demand and supply of residential properties along the Dwarka Expressway, connecting Gurugram and Delhi. The report highlights a 25% increase in property prices within the last quarter and an impressive 50% surge compared to the previous year.
The surge in demand is attributed to several factors, including the expressway’s close proximity to employment hubs, commercial centers, retail infrastructure, and improved social amenities. Notably, the report observes that 3 BHK units, especially in the Rs 5,000 to Rs 10,000 per square feet range, have witnessed the highest spike in demand, driving significant transactions.
According to real estate developers Ravi Aggarwal from Signature Global (India) and Adil Altaf from Whiteland Corporation, the Dwarka Expressway stands out as the favored choice for homebuyers seeking aspirational living. Ravi Aggarwal emphasized Gurugram’s dedication to infrastructure development, citing the Dwarka Expressway, Southern Peripheral Road, and Sohna Elevated Road enhancements as pivotal contributors to the region’s real estate market positivity.
Adil Altaf highlighted the expressway’s appeal, attributing its popularity to expanding job opportunities and diverse housing options across different budget ranges. He emphasized the significant 25% quarter-on-quarter escalation in property rates and an impressive 50% year-on-year growth compared to the previous year.
The surge in demand for homes along the Dwarka Expressway signifies evolving preferences among homebuyers and reflects Gurugram’s inclination towards aspirational living.
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