Dwarka Expressway Boosts Real Estate Growth

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    The Dwarka Expressway area is now a key hub in the real estate market, encouraging the development of residential areas and improving connectivity between Delhi and Gurugram. A recent report by JLL shows a big increase in both sales and new projects, reflecting changes in what buyers want and how the market is growing.

    In 2023, 12,409 homes were sold in this area, making up 66% of all sales in Gurugram. This was a big jump from the year before, with sales totaling Rs 25,000 crore. Almost all of these homes were still being built when they were sold, showing that buyers trust developers to finish projects on time.

    Ravi Aggarwal from Signature Global (India) says the Dwarka Expressway and nearby areas like Sectors 37D, 93, 92, and 84 are seeing a lot of growth. Sector 71, near the Southern Peripheral Road (SPR), is becoming a popular spot for homes and businesses. Signature Global wants to take advantage of this growing market to shape Gurugram’s real estate future.

    In 2023, 11,270 new homes were launched in the Dwarka Expressway – New Gurgaon area, making up 69% of all new projects in Gurugram. This was a big increase from the year before. Pankaj Pal from Whiteland Corporation says the Dwarka Expressway area is driving a lot of growth in Delhi NCR’s real estate market. It’s attracting buyers and investors because of its location and good connections to Delhi and Gurugram. About two-thirds of all sales in Gurugram happened in this area in 2023.

    A lot of the new projects in this area are high-end, with 38% of them costing Rs 2.5 crore or more. Even though they’re expensive, they’re selling fast, showing that there’s demand for luxury homes in this market.

    Also read: Housing Sales in Top 7 Cities Record 14% Yearly Rise in Q1 2024 

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