April 28, 2024 |
Dwarka Expressway: Unlocking the Future of Real Estate Investment
Dwarka Expressway, the 18-km-long infrastructure marvel, is promptly emerging as a growth corridor boasting immense potential. Other than its 16-lane surface, Dwarka Expressway stands as a marvellous infrastructure project with promising investment plans for the future. According to industry experts, the investment boom along the corridor has already started and is slated to offer beneficial investment returns as the development flourishes.
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.
Commenting on the same, Anish Nanda, Head – Sales, Orris Group, said, “With the Haryana stretch of the expressway being operational, this welcomes the demand for more residential and commercial projects along the corridor. Beyond strong connectivity, the Dwarka Expressway serves as the hotbed of a plethora of property options in both segments, catering to the needs of both buyers and investors. This development along the expressway positions the area as the most sought-after micro-market in the Delhi-NCR region, thus contributing to redefining the future of the real estate landscape in the area.”
The expressway offers excellent connectivity to most parts of the Delhi-NCR region and Gurugram and significantly reduces travel time, making it a prime location for professionals and buyers seeking work-life balance. It is also connected to Noida, Faridabad, and beyond, bringing in more investment opportunities.
Mohit Goel, MD, Omaxe Group, says, “In addition to its closeness to major locations such as IGI Airport, the International Convention Centre Dwarka, and other parts of Delhi-NCR, the expressway fosters vibrant commercial activity. The areas around the expressway feature new residential, commercial, and retail hubs, which benefit relatively tranquil communities while alleviating traffic congestion in significant parts of the NCR region.”
Furthermore, housing demand is high in this important micro-market of the Delhi-NCR region. With the expressway now operational, rates are anticipated to go up 10-15% in the coming months. Various renowned developers have already contributed to redefining the residential landscape of the region. The residential properties along the corridor offer a gamut of choices, from luxury to affordable.
Nayan Raheja of Raheja Developers says, “The infrastructure development along the Expressway has transformed the nearby sectors into vibrant centres for residential and commercial purposes. Further, its proximity to Yashobhoomi, Dwarka enhances its appeal, making it the most promising destination for investments. Hence, the project prices in these areas have grown, resulting in excellent capital appreciation. Residents of the region may live an exquisite lifestyle away from the noise of the city. One of the key advantages of projects on Dwarka Expressway is the potential for high footfall and visibility. This visibility can significantly enhance brand awareness and ultimately drive sales and business growth.”
Sachin Gawri, Founder & CEO, Rise Infraventures, observes, “As the demand to curate more real estate projects soars, the Dwarka Expressway will continue to become a stronger hotspot, paving the way for numerous sectors and inviting a new business landscape and housing options to the region. As a result, it is anticipated to witness a potential rise in the property and land prices in the vicinity.”
Source : FE
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