Gurugram’s Dwarka Expressway: A Catalyst for Real Estate Boom

Gurugram's Dwarka Expressway: A Catalyst for Real Estate Boom
Gurugram's Dwarka Expressway: A Catalyst for Real Estate Boom
Gurugram's Dwarka Expressway: A Catalyst for Real Estate Boom
Gurugram's Dwarka Expressway: A Catalyst for Real Estate Boom

Gurugram’s Dwarka Expressway: A Catalyst for Real Estate Boom

Gurugram’s Dwarka Expressway: A Catalyst for Real Estate Boom

Gurugram’s Dwarka Expressway: A Catalyst for Real Estate Boom

Gurugram’s Dwarka Expressway has played a pivotal role in the city’s remarkable growth, emerging as a fast-growing metropolitan area in India. The completion of the expressway has fueled infrastructural development, leading to a surge in the real estate market. While property rates in the Dwarka Expressway region are steadily rising, they remain competitive compared to other established micro-markets in Gurgaon.

Rohit Mohan, Senior Vice President, BPTP Group, emphasizes, “The nearing completion of the expressway is driving demand for real estate investments. Prime connectivity is attracting both homebuyers and investors, creating a vibrant ecosystem with major housing projects, commercial hubs, shopping malls, and upcoming Shop-cum-Offices (SCOs). Dwarka Expressway is poised to become a thriving startup hub, fostering growth in prop-tech, e-commerce, healthcare, and fintech sectors.”

Key Micro-Markets Along Dwarka Expressway:
  1. Sector 83: One of the fastest-growing micro-markets with 6,470 total housing units, a PSF of 7,271, and a 6.5% CAGR from 2018-2023.
  2. Sector 99: Witnessed a housing price trend from 4,570 INR/Sq Ft. in Jan 2018 to 8,437 INR/Sq Ft. in Jan 2023.
  3. Sector 88, 91, and 104: Among the top 5 micro-markets experiencing substantial growth.

Mohit Goel, MD, Omaxe Group, highlights, “Proximity to vital places like IGI Airport and International Convention Center Dwarka, along with thriving commercial activities, makes sectors along the expressway attractive. The region offers relatively peaceful neighborhoods with fast-moving traffic, reducing congestion.”

Nayan Raheja, Raheja Developers, adds, “Adjacent sectors along the expressway are gaining prominence with residential projects, experiencing excellent capital appreciation. The region provides a modern lifestyle away from city hustle, with accessibility to IGI Airport, Dwarka, and Delhi.”

Vidush Arya, Strategy Head, Orris Group, notes, “Micro-markets across the expressway drive growth in the real estate industry, linked to prominent hubs through NH-48. The sectors have ample households, fueling demand for modern retail.”

Business Landscape and Commercial Activities:

Rajjath Goel, Managing Director, MRG Group, expresses, “As the demand for commercial activities soars, Dwarka Expressway becomes a hotspot, inviting a new business landscape. The region offers malls, F&B restaurants, shopping arcades, nightclubs, and more.”

The infrastructural development along the Dwarka Expressway positions it as a thriving hub for both residential and commercial purposes. The region’s evolution into a potent commercial hub contributes to economic growth in the Delhi-NCR region, promising a bright future for businesses.

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