Dwarka Expressway is taking the leading, as Gurugram reshapes the horizon of the Delhi-NCR real estate market. The millennium city is the coveted and choicest investment destination for investors. According to Anarock’s report, the city witnessed a 79 percent price appreciation in the last five years.
Anarock the property consultant company’s data exhibit Dwarka Expressway as one of the top four locations in NCR’s top to micro markets.
In H1 2024, the property prices in Dwarka Expressway recorded a rise to Rs. 9,600 per sq ft from Rs. 5,359 sq ft. The improved connectivity and robust infrastructure development are primary reasons for localities to be the choicest investment destination. Also, the zest to embrace urban lifestyle in a prime location, lure investors to Dwarka Expressway.
Madhu Gupta, CEO, Hero Realty Pvt Ltd said, “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 percent 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 group is upcoming with a residential project in Sector 104, Gurugram that comprises 2BHK and 3BHK apartments. Earlier in October 2023, the company went on a joint venture project with Saheb Enterprise to develop a premium multi-story complex in Gurugram, Sector 104. For the project, the developer secured approximately 4 acre land parcel.
The newly added land parcel will ascend Hero group’s presence in Gurugram as it will own a total of 11 acres.
Dwarka Expressway is a pivotal infrastructure project, inaugurated by PM Narendra Modi back in August 2023. It directly connects Delhi, Gurugram, and other NCR regions by eliminating vehicular congestion. The locality integrates with IGI airport and Delhi-Mumbai Expressway, thus it becomes a strategic location for property investment.
Smartworld is one of the prominent developers at Dwarka Expressway and its premium project ‘SmartWorld One DXP’ is the talking point. It is a luxury residential project on 16 acres with a saleable area of 3.9 million sq ft. It has 1800 residential units between 1,300 sq ft to 2,800 sq ft and it will be available in two phases.
Vivek Singhal, CEO, SmartWorld Developers said, “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, Paras Buildtech said, “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.”
Real estate experts feel the property price rise in Dwarka Expressway hints at investors’ interest in the NCR region. The entire region holds ample business potential thus it will reflect in the growth of the real estate market too.
