Reshaping the National Capital Region’s real estate landscape, Dwarka Expressway — Gurugram’s one of the most bustling real estate corridors — has witnessed an impressive 79% price appreciation in the past five years. This remarkable growth positions the area as the fourth highest among NCR’s top 10 micro-markets, according to recent data released by property consulting firm Anarock.
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.
Madhur Gupta, CEO, Hero Realty Pvt Ltd, said, “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. The growing demand for high-end residential and commercial spaces in the NCR has driven up property values, rendering the Dwarka Expressway a lucrative investment opportunity for both investors and end users.”
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. With the addition of this new land parcel, the Hero Realty and Saheb Enterprise project land will increase to 11 acres, making it one of the largest residential developments in Gurugram and significantly strengthening HRPL’s presence in the NCR region.
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. The development of commercial hubs and social amenities such as schools, hospitals, and shopping centres further add to its appeal.
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. The project has already garnered a tremendous response, with the 2.5 BHK units in Smartworld One DXP being completely sold out within days of its launch. Additionally, the company recently unveiled the sample apartment for phase two, signalling further growth potential for this sought-after project.
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. This resounding success can be attributed to the rapid development of infrastructure, which has not only bolstered investor confidence but also enraptured prospective homebuyers. The augmented infrastructure, exceptional connectivity, and the presence of prominent commercial and residential developments make Dwarka Expressway an exceptionally promising and highly profitable investment opportunity for both discerning investors and end-users.”
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. Shopping complexes, office spaces, hotels, and other commercial ventures are quickly reshaping the landscape into a dynamic economic center. In the long term, this continuous growth will further boost property values in the region. As commercial activities flourish, the demand for real estate will rise in tandem, driving property prices upward. Enhanced infrastructure and improved connectivity will make the region an increasingly attractive destination for businesses and residents alike, sustaining the robust demand for real estate.”
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.
Source : FE
