Gurugram Real Estate Surges as Dwarka Expressway Boosts Property Prices

Gurugram: The real estate market around the Dwarka Expressway in Gurugram has witnessed a significant surge in property prices over the past four years. According to PropEquity, the launch prices along the Dwarka Expressway were Rs 9,434 per sqft in 2020, which climbed to Rs 18,668 per sqft in 2024. Analysts predict a further increase of 15-20 per cent in the coming two years, making the area one of the fastest-growing in the National Capital Region (NCR).

One of the primary reasons for the rising demand and property prices is the improved connectivity to Delhi, including the Indira Gandhi International (IGI) Airport. The 76km Urban Extension Road-II, which links NH-44 (Alipur) to NH-8, passing through places like Mundka, Najafgarh, and Dwarka, further enhances the area’s connectivity. This road also provides additional routes to Sonipat and Bahadurgarh.

Pradeep Aggarwal, founder of Signature Global, noted that property prices along the expressway have almost doubled in the last five years. Surinder Singh, director of GLS Group, emphasized that these new, fast roads are like economic corridors. With travel time from Gurugram to IGI Airport down to just 20 minutes and a direct link to the Delhi–Mumbai Expressway, the area is becoming highly attractive for businesses, shops, and service industries, which, in turn, boosts the real estate market.

Homeowners are also reaping the benefits. Amit Sharma, who bought a flat in Sector 109 five years ago when the expressway was not ready, expressed his satisfaction with the improved commuting and the potential for further property value appreciation.

However, Vishwa Mohan, a real estate consultant in the city, pointed out a downside. Rising land and building costs mean homes are becoming more expensive, making it difficult for middle-class buyers to afford them. He warned that unless developers offer a good mix of high-end and affordable housing, the gap between what people earn and what homes cost will continue to grow.

The opening of an 18km stretch of the expressway in Gurugram last year, followed by the remaining 10km stretch in Delhi, has further fueled the real estate boom. The increased connectivity and infrastructure improvements are expected to attract more investments and development in the area, leading to sustained growth in property prices and demand.

In conclusion, while the Dwarka Expressway has significantly boosted the real estate market in Gurugram, stakeholders must address the affordability issue to ensure that the benefits of this growth are accessible to a broader segment of the population.