Dwarka Expressway: A Booming Real Estate Corridor in NCR
Dwarka Expressway, a prime micro-market in NCR, has seen a 397% surge in housing prices and is expected to launch 18,000 new units by 2030. Discover the factors driving this growth and why it's a lucrative investment destination.
Dwarka ExpresswayNcr Real EstateHousing PricesProperty InvestmentInfrastructure DevelopmentReal Estate NewsMay 21, 2025
The investment potential of the Dwarka Expressway is evident from the 397% rise in the weighted average price of new launches, from Rs 3,753 per sq ft in 2010 to Rs 18,668 per sq ft in 2024. This 29-km expressway, also known as the Northern Peripheral Road, was proposed by the Haryana Government in 2006 as an alternative route to NH-48, connecting Delhi with Gurugram. The 8-lane elevated expressway connects Shiv Murti on NH-48 to Dwarka and terminates at Kherki Daula Toll Plaza in Gurugram, significantly reducing travel time between cities, the IGI airport, workplaces, and entertainment hubs.
The 15-year period of growth saw two distinct phases of boom. Between 2010-2014, 22,588 units were launched, and between 2020-2024, 15,994 units were launched. However, the period between 2015-2019 saw fewer launches, with only 4,234 units launched and 7,271 units sold. Initially slated to be a 18km project, 14km of the expressway was operationalized in 2016. Later, the NHAI took over the project, reworked the alignment, and categorized it as a National Highway (NH-248BB). The foundation stone was laid in 2019, and 19km of the Gurugram stretch was inaugurated in 2024 by Prime Minister Narendra Modi.
Samir Jasuja, founder and CEO of PropEquity, noted, “Between 2025 and 2030, over 18,000 units are expected to be launched and over 15,500 units are expected to be absorbed in Dwarka Expressway, reinforcing sustained future demand. The steady price growth highlights the corridor’s lucrative investment destination. 4BHK apartments dominate the market in the last five years, with prices ranging from Rs 4.8 crore to Rs 8.6 crore.”
The weighted average price of new launches rose from Rs 3,753 per sq ft in 2010 to Rs 6,238 per sq ft in 2015, and further to Rs 9,434 per sq ft in 2020. The launch price almost doubled in the last five years, reaching Rs 18,668 per sq ft in 2024.
Garvit Tiwari, director and co-founder of Property Consulting Firm InfraMantra, highlighted the exceptional offerings and price growth in Dwarka Expressway, nearly doubling in the last five years. “Excellent connectivity, increasing commercial activity, and new-age, modern lifestyle residences have led to increased demand in this region, with projects like Vatika Sovereign Park, Westin Residences by Whiteland, and Sobha Altus attracting a lot of interest from homebuyers willing to up their lifestyle and aspirational value.”
Vijay Harsh Jha, founder and CEO of property brokerage firm VS Realtors, emphasized that Dwarka Expressway is among the most sought-after micro-markets in NCR. “Owing to its connectivity within Gurgaon and NCR, and to corporate and industrial hubs, the airport, and robust social infrastructure, the attention of homebuyers has shifted to this location. The micro-market has an appetite for more supply, and the coming years could witness increased real estate activity.”
The number of units sold between 2010-2024 stood at 41,899 units, the report added. Infrastructure developments like the Yashobhoomi Convention Centre and the upcoming Dwarka Golf Course in sector 24 have further boosted real estate in the region. The redevelopment of Bijwasan Railway Station, located at the intersection of Dwarka Expressway and UER II, is likely to improve regional connectivity. The proposed metro connectivity from HUDA City Centre to Cyber City, with a spur to Dwarka Expressway covering 28.50 km and 27 stations, will further enhance connectivity.
The Haryana government is also developing the Global City project along the Dwarka Expressway. Rohit Kishore, CEO of Hero Realty, stated, “The Dwarka Expressway has swiftly positioned itself as one of the most dynamic and promising micro-markets in the NCR. Strategically situated between Delhi and Gurugram, it provides better connectivity, strong infrastructure, and well-planned urban development, making it a transformative opportunity for both end-users and investors.”
With the IGI Airport just 12 km away, Aerocity within 10 km, and landmark developments like the India International Convention Centre, Diplomatic Enclave II, and the upcoming metro extension nearby, this corridor has become a sought-after real estate destination.
Frequently Asked Questions
What is the Dwarka Expressway?
The Dwarka Expressway, also known as the Northern Peripheral Road, is a 29-km 8-lane elevated expressway that connects Shiv Murti on NH-48 to Dwarka and terminates at Kherki Daula Toll Plaza in Gurugram. It significantly reduces travel time between cities, the IGI airport, workplaces, and entertainment hubs.
How much has the housing price increased along the Dwarka Expressway?
The weighted average price of new launches has risen by 397% to Rs 18,668 per sq ft between 2010 and 2024.
What are the key factors driving the growth in the Dwarka Expressway real estate market?
The key factors include excellent connectivity, increasing commercial activity, modern lifestyle residences, robust social infrastructure, and planned urban development projects like the Yashobhoomi Convention Centre and the upcoming Dwarka Golf Course.
What is the expected number of new units to be launched along the Dwarka Expressway by 2030?
Between 2025 and 2030, over 18,000 units are expected to be launched and over 15,500 units are expected to be absorbed in the Dwarka Expressway.
What are some notable projects in the Dwarka Expressway area?
Notable projects in the Dwarka Expressway area include Vatika Sovereign Park, Westin Residences by Whiteland, Sobha Altus, and the Global City project by the Haryana government.
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