The Rise of Dwarka Expressway as the Emerging Real Estate Hotspot in Gurugram
With strong demand for commercial and residential properties, Gurugram is now the emerging real estate destination in the Delhi-NCR region. Identified as an emerging hotspot Dwarka Expressway has electrified the market dynamics of the Millennium City's real estate. Skyrocketing growth potential, world-class infrastructure, strategic locations, and proximity to prominent business districts have made this region attractive for commercial property enthusiasts, investors, luxury homebuyers, and developers. The region has become the nerve centre of Gurugram as several leading realty stakeholders have entered into these promising micro-markets.
Dwarka Expressway, a 29-kilometer-long stretch which was earlier known as the Northern Peripheral Road (NPR), is well-designed to provide an alternative route between Delhi and Gurugram, assuaging traffic congestion on the Delhi-Gurgaon Expressway. Its proximity to major destinations such as the Indira Gandhi International Airport, key commercial hubs, and prominent highways makes it a strategic location for real estate development.
Rapid Growth
Since its commencement, Dwarka Expressway has undergone several real estate activities. Developers have acquired large land parcels and launched numerous residential and commercial projects along the expressway. According to a recent report by JLL, the region has become a priority development zone, driving the expansion of residential clusters. In 2023 alone, 12,409 housing units were sold in this submarket, constituting 66% of the overall sales in Gurugram. This remarkable growth, amounting to Rs 25,000 crore, reflects a significant shift in consumer preferences and market dynamics.
Moreover, as per a report, average housing prices in projects along Dwarka Expressway have risen 83% in the last ten years and are likely to appreciate further. These projections indicate a remarkable 20-40% price appreciation over the next 2-3 years.
Dwarka Expressway offers excellent investment potential. Property prices in these areas have shown consistent appreciation due to the ongoing infrastructure developments and increasing demand. The rental yields are also attractive, making these corridors lucrative for end-users and investors. The trend towards high-end projects in these submarkets, with several new launches priced at Rs 2.5 crore or above, indicates strong investor interest and demand.
Furthermore, the expressway provides excellent connectivity to most parts of the Delhi-NCR region, Gurugram, Noida, and Faridabad. It significantly reduces travel time, making it an ideal location for professionals and buyers looking for work-life balance. Additionally, it brings in more investment opportunities.
Prominent Projects
Several notable residential projects along Dwarka Expressway are redefining luxury living. These projects offer premium amenities such as clubhouses, swimming pools, landscaped gardens, and advanced security systems. Targeted at high-net-worth individuals, these projects cater to the demand for luxury apartments and gated communities. At the same time, it boasts a mix of luxury and affordable housing options. Moreover, developers are focusing on providing sustainable and green living environments. Projects here offer amenities like solar power generation, rainwater harvesting, and efficient waste management systems.
The commercial real estate market along Dwarka Expressway is expanding rapidly. Moreover, there are many new office spaces, retail outlets, and entertainment areas being developed. The presence of major commercial hubs like Udyog Vihar, Cyber Hub, and Golf Course Road further adds to the appeal of these locations for businesses. Companies from various sectors such as IT, manufacturing, finance, and healthcare are setting up their offices along Dwarka Expressway, creating job opportunities and stimulating economic growth.
Future Prospects
The completion of the Dwarka Expressway and additional metro connectivity may drive further growth in these regions. The hike in circle rates, especially in the areas nestled along Dwarka Expressway indicates the market potential for land and properties here. The focus on green building practices and sustainable development is shaping the new skyline of real estate in Gurugram. In a nutshell, several upcoming infrastructure projects, ongoing and upcoming developments, sustainable practices, and strong market demand have made Dwarka Expressway a prime investment destination for the promising future of real estate.
Authored By;
Aman Trehan, Executive Director, Trehan Iris. He has successfully led sales & leasing projects, finances, taxation, and construction activities and gradually skilled par excellence in all aspects & fields related to the business.He has has been running the business successfully for 15 years and has an aggressive vision to further expand it into different segments.
