The real estate market in the Delhi-NCR region has made a remarkable recovery following the pandemic, witnessing a surge in demand for homes that offer not only space but also affordability. Buyers are increasingly seeking homes that allow for versatile living arrangements, as well as inviting outdoor areas where families can relax and enjoy nature. Additionally, prospective homeowners are actively looking for properties that include features such as well-equipped clubhouses, modern gyms, and dedicated co-working spaces that cater to the evolving needs of remote work and community living.
No region defines India’s booming real estate market better than Gurgaon. The suburb’s transformation from what it used to be to what it stands for today is staggering. Its strategic location and lower entry barriers made it a magnet for corporations that wanted to be close to the national capital but didn’t want to burn a hole in their pockets. Over the years, this led to a proliferation of MNCs, followed by high-rise residential societies and commercial complexes Gurgaon today stands as a corporate and residential powerhouse in the Indian real estate landscape. This status makes Gurgaon and nearby areas a safe and smart choice for real estate investment.
Aman Sharma, Founder, Aarize Group says, “Gurgaon’s rapid economic growth, driven by multinational corporations and a surge in entrepreneurial activity, has fuelled demand for luxury homes. Affluent professionals seek premium living spaces that align with their aspirational lifestyles. Developers are responding with lifestyle-driven projects that integrate global design trends and sustainability features.
THE PROMISE LAND OF GURGAON
The GDP growth rate of Gurgaon has consistently outpaced the national average. The city has been growing at a rate of 8-10 per cent over the last few years, attracting more investors and further driving up property prices. The real estate market in the region has been delivering an average annual return of 10-12 per cent over the past five years, with the rate expected to increase further in the medium to long term. Commercial areas have been delivering a rental yield of 6-8 per cent, while residential properties yield 3-4 per cent. These fundamentals, coupled with favourable government policies, are the region’s biggest draws for real estate investors.
The reduction in GST rates for affordable housing projects has increased confidence on the buyer’s side, while policies such as Pradhan Mantri Awas Yojana (PMAY) have made homeownership more accessible in the region.
In addition, the allure of the Smart City concept has led to further development in the area. Increased deployment of CCTV cameras and hi-tech interventions has bettered the quality of life in the region. With people increasingly preferring holistic living, the demand for mixed-use developments that provide residential, commercial, and recreational spaces all in one place is on the rise.
Within this promised land of opportunities, no area has undergone a bigger transformation over the last decade or two than the Gurgaon Dwarka Expressway region. It has gone from a forgotten peripheral area of Gurgaon to a bustling residential and commercial hub that everyone wants a piece of. Properties in this area represent a great investment value with the potential for high returns. According to Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd, Gurugram’s rapid infrastructure development, including new highways, expressways, and metro expansions, has significantly boosted its real estate potential. Key projects like the Dwarka Expressway, the Gurugram-Sohna Corridor, and the recently approved metro routes have enhanced connectivity, attracting both businesses and residents. Additionally, there is a notable shift among middle and upper-middle-class buyers toward spacious homes equipped with state-of- the-art amenities. The first half of 2024 saw a remarkable surge in housing sales, with over 45 per cent of units sold in the luxury segment in Delhi-NCR, compared to just 3 per cent in 2019.
HOW ONE EXPRESSWAY IS CREATING AN ENTIRE MARKET
The newly inaugurated Dwarka Expressway has the potential to supercharge the real estate market further in the area. The highway spans 19 km with eight lanes and links the Delhi-Haryana border to Kherki Daula. It not only makes travel within the national capital region easier but also enhances the region’s accessibility to other major cities nearby, such as Jaipur and Chandigarh.
Pradeep Aggarwal says, “The Dwarka Expressway has emerged as a key corridor driving growth in Gurugram, offering seamless connectivity and transforming areas like Southern Peripheral Road into prime locations for luxury homes, offices, and retail spaces.”
Since the construction was announced, the Dwarka Expressway region has already experienced significant real estate development. Now that the highway is operational, it is expected to remain the focal point for high-end real estate developments in the years to come.
This is evidenced by the fact that 66 per cent of all housing sales in Gurgaon came from the Dwarka Expressway-New Gurgaon cluster. The sub region has posted a scarcely believable 67 per cent year-on-year sales growth. Interestingly, almost 97 per cent of properties were under construction at the time of sale, showing buyer confidence in this area. Around 175 acres of land across 17 separate deals valued at more than Rs 3,100 crore combined have been acquired by real estate developers in the area since 2022.
The expressway’s seamless connectivity makes travel around the region a comfortable affair. While more commercial complexes are being built, the road network provides easy access to existing shopping hubs, healthcare facilities, and educational institutions. Gurgaon’s corporate hub remains easily commutable as more companies look to shift offices near the expressway. All these factors make investing in the real estate of this area a no-brainer.
Aman Sharma believes that with its strategic location along the Dwarka Expressway, the Aarize South Drive project is poised to attract businesses and residents, making it a prime investment destination with high growth potential in both commercial and residential real estate.
PERIPHERAL ROAD TAKES CENTRE STAGE IN INVESTMENT PORTFOLIOS
Located in the heart of Gurgaon, the Southern Peripheral Road (SPR) has emerged as a regional real estate hotspot. The SPR is a crucial connecting link between Golf Course Road, Sohna Road and NH-48. Its connections with all parts of Gurgaon and the upcoming Central Peripheral Road, which would link the Dwarka Expressway at Harsaru and the Southern Peripheral Road at Narsinghpur, make it an attractive investment proposition. A metro station is also planned in Sector 72A, and various glob- al brands have begun setting up office and commercial spaces there. On the back of all this, real estate prices have increased by around 80 per cent along the SPR in the last five years.
SPR’s strategic location means existing social and commercial hubs can be accessed easily. Sought-after schools are only a 10 to 15-minute drive away. So are prestigious healthcare Institutions as well as the shopping hubs, all lie al a similar distance from SPR. In terms of corporalle spaces, all major corporate towers are 15 to 25 minutes away. At the same time, the busting Cyber Hub is also commutable from this area.
SPR is also slated to benefit from several upcoming infrastructure developments. In addition to the aforementioned metro station, a 1,000-acre mixed-use Global City project that will Include workspaces, retail, and social infrastructure is already underway. These further developments make SPR a prime investment option in today’s market.
Aman Sharma says, “Located along the Southern Peripheral Road, our Aarize South Drive project benefits from its proximity to key hubs, making it an ideal spot for businesses and providing easy access to over 450 residential communities in the area.”
STAYING THE COURSE WITH GURGAON
An important residential and commercial corridor, the Golf Course Road is one of Gurgaon’s most luxurious and sought-after micro-markets. The region is full of high-rise residential properties across both sides of the road on the main stretch. Its green surroundings and well- developed infrastructure also serve to attract home buyers.
Another big draw for the area is its connectivity to major hubs. The entire Golf Course Read corridor has multiple rapid metro stations, which provide easy access to Delhi Metro’s Sikanderpur metro station on the Yellow Line. IGI Airport also lies nearby, which can be reached in 20-25 minutes due to signal-free access made possible by the construction of several underpasses in the area. Due to this, property prices have increased by up to 50 per cent in the area over the last 12 months.
Major global corporations such as have already set up offices in the area, while the existing hubs of Cyber City and Sohna Road remain just 15-20 minutes away. Major schools, hospitals, and shopping areas are also a similar distance away, and further development is constantly happening.
The popularity of Golf Course Road has been such that it has led to the development of Golf Course Extension Road as well. Designed with robust urban planning, well-developed infrastructure, and seamless connectivity, Golf Course Extension has become a blue-chip address over the last few years. Favourable government policies on road widening and Rapid Metro development continue to drive growth in the area. The infrastructure quality means that educational institutions, healthcare facilities, recreational centres, and shopping malls are easily accessible. With further development expected in the region, the timing is ripe to invest in the real estate of either Golf Course Extension Road or Golf Course Road. Or, better still of both!
GURGAON’S HIDDEN GEM
On the eastern side of Gurgaon lies Gwal Pahari, a prime residential locality. It is strategically located near the major business hubs of Cyber City and Golf Course Road, which has driven demand for residential and commercial properties. Connectivity through NH 48 and the Dwarka Expressway makes travelling to other parts of Gurgaon and Delhi a seamless journey. Gwal Pahari Road provides easy access to hospitals, major schools, and shopping hubs.
Gwal Pahari is an up-and-coming area of Gurgaon, and multiple infrastructure projects are expected to further boost the region’s appeal. A metro line extension will improve Gwal Pahari’s public transport facilities and attract corporations to set up offices there. While the commercial development in Gwal Pahari is still in its early stages, this sector has significant potential for growth as the area continues to urbanise. A real estate investment in the early stages of development here could be a masterstroke.
Gurgaon’s real estate market has witnessed remarkable growth in recent years, driven by factors such as strong economic growth, improved infrastructure, and increasing urbanisation. Dwarka Expressway, Southern Peripheral Road, Golf Course Road, Golf Course Extension Road, and Gwal Pahari – represent some of Gurgaon’s most promising investment opportunities. Whether the objective is leading a luxurious lifestyle, having a peaceful environment, or making an investment.
