Dwarka Expressway Drives Property Price Surge in NCR

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    The Dwarka Expressway has solidified its place as one of NCR’s most sought-after real estate zones, experiencing a remarkable 79% rise in property values over the past five years. From ₹5,359 per square foot in 2019 to over ₹9,600 per square foot by mid-2024, this area has become the fourth highest-ranked micro-market in NCR, according to Anarock’s research. This steep price appreciation is due to a mix of enhanced infrastructure, improved connectivity, and the growing popularity of suburban living options.

    Hero Realty Pvt Ltd’s CEO, Madhur Gupta, noted, “The region’s robust infrastructure development, featuring world-class amenities and transportation networks, has established it as a highly sought-after real estate destination. The Dwarka Expressway has seen a 79% price surge over the last five years, highlighting its exceptional investment potential. The growing demand for high-end residential and commercial spaces in the NCR has driven up property values, rendering the Dwarka Expressway a lucrative investment opportunity for both investors and end users”

    Hero Realty’s Sector 104 project, Hero Homes, has capitalized on this demand, offering premium 2/3 BHK residences. Additionally, a recent joint venture between Hero Realty and Saheb Enterprise will expand the development, increasing the total project land to 11 acres, and cementing the company’s footprint in this high-growth corridor.

    The expressway’s completion in August 2023, inaugurated by Prime Minister Narendra Modi, is a key milestone. Connecting Dwarka to Gurugram and other parts of NCR, the expressway’s proximity to the Delhi-Mumbai Expressway and Indira Gandhi International Airport has made it a prime location for residential and commercial investment. New commercial centres, hospitals, schools, and shopping areas are further enhancing the appeal of this once-underdeveloped stretch.

    Smartworld Developers, a key player in the area, has launched their ‘Smartworld One DXP’ project in Sector 113, a sprawling 16-acre high-rise development with 1,800 units. The demand has been overwhelming, with all 2.5 BHK units sold shortly after the launch.

    Vivek Singhal, CEO of Smartworld Developers, credited the success to the area’s rapid development, “Gurugram stands tall, not only as a city of promise but as an indisputable leader in India’s real estate revolution, shaping the future of the industry in unprecedented ways. The exponential surge and immense potential of the Dwarka Expressway micro market in Gurgaon leave an indelible impression. This resounding success can be attributed to the rapid development of infrastructure, which has not only bolstered investor confidence but also enraptured prospective homebuyers.

    “The augmented infrastructure, exceptional connectivity, and the presence of prominent commercial and residential developments make Dwarka Expressway an exceptionally promising and highly profitable investment opportunity for both discerning investors and end-users.”

    Kunal Rishi, COO of Paras Buildtech, also pointed to the expressway’s rise as a commercial hub, “The Dwarka Expressway is emerging as a prime real estate hub in Delhi-NCR, leading the charge in a rapidly growing property market. With over 150 projects in and around the expressway, its potential is clear, as developers are already capitalizing on the corridor’s immense opportunities.

    “Shopping complexes, office spaces, hotels, and other commercial ventures are quickly reshaping the landscape into a dynamic economic center. In the long term, this continuous growth will further boost property values in the region. As commercial activities flourish, the demand for real estate will rise in tandem, driving property prices upward. Enhanced infrastructure and improved connectivity will make the region an increasingly attractive destination for businesses and residents alike, sustaining the robust demand for real estate.”

    The region’s impressive surge in property values, coupled with its expanding infrastructure, has firmly established it as one of the most coveted real estate markets in the NCR. With over 150 projects already in the pipeline and continuous enhancements to connectivity and amenities, the area is poised for sustained growth. Industry experts are confident that the expressway will remain a focal point for both residential and commercial developments, solidifying its position as a premier investment destination in the coming years.

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