The prices of residential properties on Dwarka Expressway have increased by 25% from the previous year and have seen a remarkable 50% increase overall. Dwarka Expressway is a prominent real estate hotspot in Gurgaon that has been attracting significant attention and popularity lately. The area is witnessing a surge in property development, making Gurugram a top choice for homebuyers and investors.
There are many reasons behind this growing popularity – from enhanced connectivity via rapid transit networks and access to employment hubs to affordable dwelling options and strategic positioning. In short, Dwarka Expressway has become integral to Gurgaon’s real estate market.
Dwarka Expressway – Starting Point Delhi
The Dwarka Expressway is a 29-kilometer-long controlled-access highway. It starts near Shiv Murti on the Delhi-Jaipur-Mumbai highway (NH-8) and ends near Kherki Daula Toll Plaza in Gurugram. It passes through Dwarka Sector 21 and borders Gurugram and Basai village. NHAI officials have confirmed that approximately 19 km of the expressway falls in Haryana, while the remaining 10 km falls in Delhi. After it opens, the expressway will provide a direct route to the India International Convention Centre (IICC) located in Dwarka Sector 25. Additionally, it will offer an alternative route to the IGI Airport through a shallow tunnel.
Connectivity
The expressway in Delhi passes through Dwarka sectors 21 to 28. It also provides quick access to important areas like Vasant Kunj, IGI Airport, and Urban Extension Road-II (UER-II).
Dwarka Expressway in Gurugram
In Gurugram, the expressway runs through sectors such as 88B, 37D, 36A, 36B, 99, 102, 103, 104, 106, 107, 108, 109, 110, 111, 112, 113, and more. It is connected by a grid of roads linking areas like –
- Old Gurugram
- Golf Course Extension
- Golf Course Road
- Basai
- Hero Honda Chowk
- Pataudi Road
The expressway also links important areas and highways such as
- Rangpuri Bypass
- NH-8
- Central Peripheral Road
- The Southern Peripheral Road
Dwarka Expressway in Delhi
The Delhi side of the expressway will offer easy access to the golf course in Dwarka and a new diplomatic enclave that is set to come up in Dwarka Sector 24. Recently, the Union Cabinet approved a metro line that will connect new and old Gurugram and extend to the Dwarka Expressway near Sectors 101-104. It will improve the connectivity in the area. Huda City Centre Metro Station and IGI Airport are 15 km away from the midpoint of the expressway. Ambience Mall and Gurugram Cyber Hub are approximately 12-13 km from the expressway.
Why you should invest?
The future of areas along the Dwarka Expressway looks incredibly promising! With the expressway set to become fully operational soon, the residents and investors in the region will benefit significantly from a faster commute. The fact that there will be no traffic signal till Vasant Kunj is a game-changer. The region’s traffic situation will be transformed for the better.
The development of social amenities, such as schools, hospitals, and shopping centers, in the area will contribute to the overall liveability of the region. The increasing urbanization and economic growth in Delhi and Gurgaon will further boost the region’s demand for housing and commercial spaces.
The opening of the Dwarka Expressway is already causing a significant buzz in the real estate market, and the region is fast becoming one of the most sought-after micro markets of Delhi-NCR. We are confident that the real estate market in the region will continue to grow significantly in the coming years.
As housing and commercial demand in the region grows, we can expect a substantial appreciation in real estate prices across all classes in the region. If you are looking to invest in real estate in Delhi-NCR, the areas along the Dwarka Expressway should be at the top of your list!
Real Estate Projects Along Dwarka Expressway
Over the years, there has been a significant increase in the number of approved projects in sectors located around the Dwarka Expressway. In 2016-17, there were around 125-130 approved projects. Currently, this number has almost tripled, with 400+ approved projects. This is a positive development for the area. It indicates a growing interest in the region’s potential for development and growth.
While there are currently no new residential projects on the Delhi side of the upcoming expressway, the Gurugram side of the corridor has several residential projects in progress. Each side of the corridor is experiencing different levels of development at this time. A few of the prominent projects include Tata La Vida in Sector 113, Elan The Presidential Sector 106, Experion Windchants Sector 112, Sobha City Sector 108-109, Adani M2K Sector (102, 102A), Shapoorji Joyville Sector 102, M3M Capital Sector 113, Godrej Meridien Sector 106, Godrej Grandeur Sector 106, Assotech Blith Sector 99, Hero Homes Sector 104, ATS Kocoon Sector 109 and others namely, Godrej Sector 49, Godrej Sector 89 and Godrej Sector 79.
Price of flats near Dwarka Expressway
The current property rates in the catchment area of the expressway range between ₹7,000 to ₹16,000 per square foot (psf). It depends on the location and project. Over the last eighteen months, the prices of real estate properties have surged by 10-15 percent. Land parcels in the area are also being sold between ₹1.25 Lakhs to ₹1.75 Lakhs per square yard. Research indicates that 51,500 units were launched in the Dwarka Expressway micro-market from 2013 to Q1 2023, targeting various budget segments.
Rentals of flats near Dwarka Expressway
Real estate experts suggest that rental rates in the area vary between ₹20,000 and ₹80,000 per month, depending on factors such as project, location, and size. The monthly rent for a standard 2BHK unit is approximately between ₹20,000 and ₹22,000. For a standard 3BHK apartment, it ranges from ₹25,000 to ₹35,000 per month. On the other hand, luxury 2BHK units have a monthly rental range of ₹30,000 to ₹40,000. The luxury 3BHK units are between ₹50,000 and ₹80,000 per month.
Conclusion
Dwarka Expressway in Gurgaon is an ideal real estate investment destination. Strategic location, affordability, and upcoming infrastructure development are the top reasons. As urbanization and economic growth continue in the region, demand for housing and commercial spaces is expected to increase. This will lead to appreciating real estate prices and long-term returns for investors.