Dwarka Expressway: A Real Estate Hotspot in the Making
The Dwarka Expressway's sharp price appreciation signals a growing interest in real estate, highlighting the area's potential as a prime investment zone in NCR's ever-evolving property market.
Dwarka ExpresswayReal EstateProperty PricesNcrGurugramReal EstateSep 10, 2024
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.
Property prices along the Dwarka Expressway rose from Rs 5,359 per square foot in 2019 to more than Rs 9,600 per square foot in the first half of 2024. A combination of improved connectivity, ongoing infrastructure projects, and an increasing preference for suburban living drives remarkable price growth.
Hero Realty Pvt Ltd (HRPL) is developing Hero Homes, located at Sector 104, right on the Dwarka Expressway, offering 2/3 BHK premium homes. Additionally, in October 2023, the company announced a joint venture (JV) project with Saheb Enterprise to develop a premium multi-story complex on approximately 4 acres of land in Gurugram's Sector 104.
Dwarka Expressway, a major infrastructure project, was inaugurated on 04th August 2023 by Prime Minister Narendra Modi to ease traffic congestion and provide a direct link between Dwarka, Gurugram, and other parts of NCR. The integration with the Delhi-Mumbai Expressway and proximity to the Indira Gandhi International Airport has made the area a prime destination for homebuyers.
Among the most noteworthy developments along the Dwarka Expressway is Smartworld Developers' premium high-rise residential project, 'Smartworld One DXP,' located in Sector 113. Spanning 16 acres with a saleable area of 3.9 million sq. ft., the project features 1,800 units ranging from 1,300 sq. ft. to 2,800 sq. ft. across two phases.
Sharing his insights on the same, Vivek Singhal, CEO of 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.'
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.'
Real estate analysts believe that as more commercial and residential projects are delivered, the micro market's appeal will only strengthen. The Dwarka Expressway's sharp price appreciation signals a growing interest in real estate, highlighting the area's potential as a prime investment zone in NCR's ever-evolving property market.
Frequently Asked Questions
What is the current price appreciation of Dwarka Expressway?
79% in the past five years
What is the current property price per square foot in Dwarka Expressway?
More than Rs 9,600 per square foot
What is the name of the premium high-rise residential project developed by Smartworld Developers?
Smartworld One DXP
How many projects are currently being developed in and around the Dwarka Expressway?
Over 150 projects
What is the expected outcome of the increasing commercial and residential projects in the Dwarka Expressway micro market?
The micro market's appeal will only strengthen
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