Gurgaon Real Estate Boom: How Dwarka Expressway is Transforming the Delhi-NCR Market
The Dwarka Expressway is rapidly emerging as a premier choice for investors in the Delhi-NCR real estate sector. Its strategic importance in national infrastructure plans has significantly driven economic growth and transformed Gurugram’s skyline.
Gurgaon Real EstateDwarka ExpresswayDelhincrInfrastructure DevelopmentProperty InvestmentReal Estate MumbaiSep 03, 2024
The recent operational launch of an underpass on the Dwarka Expressway has enhanced traffic management and accessibility, bolstering the area’s appeal for investments. The segment inaugurated by Prime Minister Narendra Modi in Gurugram has seen a surge in property values, presenting significant opportunities for investors and potential homeowners.
This zone is now recognised as a prime location for upscale residential and commercial developments, positioning it as a sought-after sub-market in the National Capital Region.
Mohit Malhotra, founder and CEO of NEOLIV, said, “Haryana portion of the long-awaited Northern Peripheral Road (also known Dwarka Expressway) is now serving as a pivotal milestone in enhancing creation of high growth residential pockets via seamless connectivity and mobility.”
Efforts such as metro expansion, upgraded public transport, road extensions, and new flyovers have significantly raised the area’s attractiveness. These enhancements support homebuyers seeking a contemporary lifestyle with seamless connectivity to Delhi and other critical areas, he added.
Vineet Dawar, senior vice-president of sales & strategy at Elan Group, said, “Dwarka Expressway is fast emerging as a prime location for real estate investment due to a confluence of factors. Its strategic positioning within NCR offers excellent connectivity, potentially linking residents to key business districts, airport, and major transportation hubs.
Furthermore, ongoing infrastructure enhancements beyond just the expressway and the limited supply of luxury homes are expected to make the entire location even more desirable. Once the expressway is fully operational, its potential for improved connectivity will be fully realized, likely leading to a significant rise in property values, he added.
Additionally, the region is experiencing the emergence of high-end business parks and office complexes, fostering a vibrant commercial ecosystem. The advancements in the expressway’s infrastructure are attracting various businesses, which are driving the development of retail projects and mixed-use complexes.
Vivek Singhal, CEO of Smartworld Developers, said, “The residential segment is expected to spearhead this phenomenal growth, reflecting the changing preferences of homebuyers. The presence of thriving commercial hubs, robust social infrastructure, and impeccable connectivity has cemented the region’s reputation as an unbeatable real estate option.
Aman Nagar, JMD of Paras Buildtech, said, “The inauguration of the Dwarka Expressway has brought transformation in the commercial real estate landscape of the area. The region’s improved connectivity and infrastructure is expected to draw businesses and investors, leading to an increase in the demand for commercial real estate.
Consequently, the demand for office and retail space is expected to escalate, with businesses vying to establish a foothold in the area. As the local economy burgeons, a corresponding rise in the demand for amenities and services is projected to create openings for investors and developers to construct retail and hospitality projects, he added.
Shashank Vashishtha, executive director of Exp Realty India, said, “The expressway’s state-of-the-art infrastructure and exceptional connectivity have transformed it into an exceedingly desirable location for real estate investments in the National Capital Region (NCR), enticing both end-users and investors.
The Dwarka Expressway’s strategic importance and ongoing infrastructure advancements have made it a top investment destination in the Delhi-NCR real estate market. Its rapid transformation and the influx of high-end projects signal a promising future for this dynamic corridor, ensuring sustained economic growth and development.
Frequently Asked Questions
What is the impact of Dwarka Expressway on Gurgaon real estate?
The Dwarka Expressway has significantly driven economic growth and transformed Gurugram’s skyline, making it a premier choice for investors in the Delhi-NCR real estate sector.
What are the key factors driving the growth of Dwarka Expressway?
The key factors driving the growth of Dwarka Expressway include its strategic positioning within NCR, excellent connectivity, and ongoing infrastructure enhancements.
What is the expected impact of the expressway on property values?
Once the expressway is fully operational, its potential for improved connectivity will be fully realized, likely leading to a significant rise in property values.
What is the outlook for commercial real estate in the region?
The demand for office and retail space is expected to escalate, with businesses vying to establish a foothold in the area, leading to an increase in the demand for commercial real estate.
What is the future of Dwarka Expressway in the Delhi-NCR real estate market?
The Dwarka Expressway’s strategic importance and ongoing infrastructure advancements have made it a top investment destination in the Delhi-NCR real estate market, ensuring sustained economic growth and development.
Related News Articles
500 Families of Gurugram's IREO Project Face Power Cut Amid Land Dispute
500 families residing in the IREO project in Gurugram are facing a severe power cut as angry villagers, embroiled in a land dispute with the builder, have cut off the electricity supply.
Real Estate Sector Ready for a Demand Surge
The real estate sector has shown remarkable resilience and is poised for a significant demand upsurge. With offices in key cities such as Delhi, Mumbai, and Bengaluru, Realty Plus Magazine provides valuable insights into the current market trends and futu
Sensex Takes a Dive, Closes 203 Points Lower
The Sensex saw a significant dip today, ending 203 points lower. This marks a concerning trend in the Indian stock market, with several factors contributing to this downturn.
VK & BM 2024 Real Estate Excellence Awards: A Benchmark of Trust and Quality
V2 Holdings Housing Development Pvt. Ltd., founded by Dr. P.L. Venkatrama Reddy, has established itself as a trusted name in the real estate sector, known for its commitment to excellence and customer satisfaction.
Blackstone Sets Record with Largest European Real Estate Fund
Blackstone has achieved a significant milestone by raising €9.8 billion for its latest European real estate fund, marking a record-breaking achievement in the property market.
Mumbai Shines as Third in Asia-Pacific Luxury Home Price Surge
Delhi and Bengaluru also made significant gains in the prime property segment. Delhi saw a year-on-year price increment of 6.5%, while Bengaluru witnessed a robust 5.8% increase.