Dwarka Expressway, also known as Northern Peripheral Road (NPR), is becoming a significant hub of real estate in NCR these days. This 29 km long expressway connects Delhi and Gurgaon and offers excellent connectivity, modern urban living, and tremendous investment opportunities. The rapidly developing commercial hub and infrastructure have further strengthened the region’s real estate prospects.
While the region has excellent investment opportunities, it has some challenges like project delays and government regulatory hurdles. In this blog, we will explore how Dwarka Expressway is becoming the gateway to modern urbanization and proving to be a golden opportunity for homebuyers and investors. We will also discuss the challenges that come along the way.
Related – Top 6 Reasons to Invest in Dwarka Expressway
Current status of Real Estate Market in Dwarka Expressway
With the development of the Dwarka Expressway, the area has rapidly become a hotspot for residential and commercial purposes. In 2023, 12,409 housing units were sold here, worth a total of ₹25,000 crore, and this figure shows a growth of 67% compared to last year.
The increasing demand in this area is due to the government’s focus on better connectivity, making this place extremely attractive for homebuyers and investors.
Over 11,270 new housing units were launched in the region in 2023, more than two-thirds of the latest projects in the entire Gurgaon. Along with this, about 175 acres of land have been acquired since 2022, further boosting this area’s development.
The real estate future of Dwarka Expressway looks quite bright. The region’s infrastructure improvements and strategic land acquisitions have made it a significant investment destination.
This is an excellent opportunity for first-time homebuyers and a golden opportunity for experienced investors looking for long-term growth.
Related – Top 10 Residential Projects on Dwarka Expressway
Dwarka Expressway: A quick glimpse!
An ambitious 8-lane high-speed corridor, the Dwarka Expressway is rapidly changing the landscape of Delhi NCR. The 29-km-long expressway starts from Shiv Murti on the Delhi-Gurgaon Highway (NH48) and goes up to the Kherki Daula toll plaza. It is specifically designed to decongest traffic between Delhi and Gurgaon. It also includes India’s first elevated urban expressway and the longest urban road tunnel.
The expressway is strategically placed through Dwarka Sector 21, the Gurgaon-Delhi border, and Basai, connecting major Gurgaon sectors like 88, 83, 84, 99, and 113. The Haryana portion, which is 19 km long and costs ₹4100 crore, has modern facilities like automated toll and an efficient transportation system (ETS). This stretch has a unique 9 km elevated road built on a single pillar, and this is the first time this has happened in the country.
Sobha Apartments and many other real estate projects are rapidly emerging along the Dwarka Expressway, making it the hub of future real estate development. Despite the challenges in the CAG report, such as delays and cost overruns, the future of real estate along the expressway looks bright. The inauguration of this expressway is an important milestone, symbolizing the beginning of a new era of connectivity and urban development.
Future infrastructure development
With its growing infrastructure, Dwarka Expressway is rapidly becoming a central real estate hub. According to Anshuman Magazine, Chairman and CEO, CBRE, the area is now becoming the epitome of luxury lifestyle, with modern amenities like clubhouses, swimming pools, gyms, sports facilities, manicured gardens, and 24-hour security.
This lavish lifestyle, luxury gated community, and excellent connectivity have led to a steady rise in demand and occupancy rates, making the location even more popular among buyers and tenants.
Dwarka Expressway has also profoundly impacted property prices, with homes in the premium and luxury segments seeing a significant price hike.
The expressway has given rise to several major infrastructure projects, including flyovers, link roads, ramps, and underpasses, improving connectivity and accessibility.
Notable projects include the expansion of Nelson Mandela Marg, the proposed Gurgaon-Manesar Expressway, and the development of Urban Extension Road-II.
These projects will not only ease the everyday commute of residents but will also further cement Dwarka Expressway as a prime investment destination.
Looking ahead, these developments could determine the market direction in the future.
As connectivity improves, especially in the luxury segment, demand for properties in the region is expected to rise further. Rising demand will also lead to higher prices, making regional investments profitable.
Real Estate Market Trends in Dwarka Expressway
Dwarka Expressway is fast becoming a growing real estate market, where archaeological demand and stable bulk demand have made it a prime investment destination. It is witnessing strong demand for both residential and commercial units. The area has become a significant hub for commercial development and residential apartments.
The average price of properties along Dwarka Expressway is ₹9492 per sq ft, which is constantly rising and indicates an increase in the value of properties here. This high price and increasing demand make it a profitable market for buyers and investors, whether for sale or purchase.
Future Developments
The ongoing infrastructure projects of Dwarka Expressway and its strategic location are fuelling the region’s rapidly growing real estate demand. The excellent connectivity options and proximity to significant junctions make it an up-and-coming investment destination.
Currently, 5026 properties are listed for sale, with some ultra-luxury properties priced at ₹250,000 per sq ft. This high demand and positive market sentiment have established it as an attractive investment market.
In the future, the real estate market of Dwarka Expressway will be even more exciting, especially in areas located close to major commercial centers and junctions. Property prices are expected to increase further as the expressway becomes fully operational.
This further strengthens the region’s identity as a significant real estate corridor. In these circumstances, investors and homebuyers are expected to benefit significantly as the market conditions are favorable.
Key Sectors and Localities in Dwarka Expressway
The Dwarka Expressway corridor is gradually becoming a central real estate hub, with several key sectors and locations offering great options for investment and living. Each sector of this corridor is known for its specialties, with a unique blend of connectivity, growth potential, and luxury. Let’s know in detail:
Sector 102-103: A dynamic hub
Sectors 102 and 103 are fast-emerging residential and commercial hubs. The infrastructure in these areas is developing rapidly, and their excellent connectivity is making them attractive for investment. The projects here are offering great opportunities for investors and homebuyers.
Sector 106: The new downtown
Sector 106 is known for projects like SOBHA Altus, a gated ultra-luxury 3 and 4 BHK flats community. Its modern design, state-of-the-art amenities, and great location make it a perfect fit for those who want comfortable living with luxury at a premium location.
Sectors 108-110: Emerging Residential Hubs
Sectors 108-110 are also fast emerging as residential areas. The peaceful ambiance and connectivity are excellent, making it an attractive choice for families and working professionals. These areas are focusing on high-end quality of life.
Sectors 112-113: Connectivity and Growth
Sectors 112 and 113 are known for their connectivity, as they are directly connected to Delhi and Gurgaon. The location is prime for residential and commercial development and is expected to witness rapid growth in the coming times.
Sector 80 / Karma Lakelands: Greenery for Prosperity
Karma Lakelands has projects like Sobha Aranya, which offers 3 and 4 BHK eco-luxe homes. These luxurious homes, ranging from 2836 to 4285 sq ft, perfectly blend greenery and sustainability.
The amenities and the lush green surroundings are proof of the prospects of real estate in Dwarka Expressway, which promises growth and value appreciation.
The combination of all these areas makes Dwarka Expressway a beautiful real estate destination with connectivity, luxury, and numerous growth opportunities.
Government Policies and Initiatives
The future of real estate in Dwarka Expressway is rapidly taking shape with the government’s proactive policies and initiatives. The Gurgaon Metropolitan Development Authority (GMDA) plays a major role in the region’s infrastructure development, making the area more attractive for investment and living.
