May 25, 2025 |
Housing Prices Surges 5X in 14 Years at Dwarka Expressway : PropEquity
The Dwarka Expressway, once a peripheral corridor on the map of Delhi NCR, has rapidly transformed into one of India’s hottest real estate micro-markets. According to PropEquity, housing prices along this 29-kilometer stretch have surged fivefold over the past 14 years, a testament to the corridor’s meteoric rise and the region’s shifting real estate dynamics. Dwarka expressway has showcased a whopping amount of residential property price surge during the mid 2024. This jump is not only a reflection of robust demand but also of the infrastructural promise that the expressway has delivered.
Due to increasing demand and growing land costs, typical house prices along Gurugram’s Dwarka Expressway have increased fivefold in only 14 years, to nearly Rs 18,000 per square foot. Between 2010 and 2024, 42,816 apartments were launched and 41,899 units were sold, according to PropEquity statistics.
The region has rapidly evolved into a dynamic ecosystem, offering unparalleled connectivity, world-class amenities, and exceptional investment Opportunities. Dwarka Expressway is setting new benchmarks for luxury living in NCR. The emphasis on creating sustainable, integrated communities ensures that this region will continue to thrive as a top real estate destination. We have signed an agreement with Marriott International Inc. to bring Westin Residences to Gurugram. The Westin Residences Gurugram is poised to be the largest branded residences and the first standalone residential property under the Westin brand, without an on – site hotel. With the Westin Residences Gurugram, we will also bring the highest standards of wellness, personalized services, and global amenities directly to our homeowners. This evolution will not just be about offering a stellar customer experience, it’s about offering an enhanced quality of life where residents will be able to enjoy the comforts and convenience of a resort-like environment in their own homes. By collaborating the esteemed hospitality brands like Marriott International, the real estate sector in India can cater to the discerning tastes of global citizens, making the country a preferred destination for premium investments.” said Mr. Sudeep Bhatt, Director Strategy, Whiteland Corporation.
PropEquity’s data shows a 101% leap in just the last three years, with prices climbing from ₹8,630 to ₹17,357 per sq ft between 2021 and 2024. The pace accelerated further in 2024, with a 30% price increase in a single year, signaling a demand-supply mismatch favoring sellers.
Rohit Kishore, CEO, Hero Realty said, “The Dwarka Expressway has swiftly positioned itself as one of the most dynamic and promising micro-markets in the NCR. Strategically situated between Delhi and Gurugram, it provides better connectivity, strong infrastructure, and well-planned urban development, making it a transformative opportunity for both end-users and investors. Now that the 16-lane expressway is fully operational, we’ve witnessed a noticeable shift in buyer sentiment. As an investment corridor, the Dwarka Expressway showcases rapid infrastructure growth and steady price appreciation. With IGI Airport just 12 km away, Aerocity within 10 km, and landmark developments like the India International Convention Centre, Diplomatic Enclave II, and the upcoming metro extension nearby, this corridor is not just a place to invest; it’s become a sought-after real estate destination. The prospect of integrated luxury developments makes it even more attractive and ripe with lifestyle and investment opportunities.”
The expressway’s inauguration in March 2024, connecting Delhi’s Dwarka with Gurugram’s Manesar, has been a game-changer. Improved connectivity to IGI Airport, the Gurugram commercial belt, and central Delhi has made the corridor a magnet for both end-users and investors. The Haryana section alone, built at a cost of ₹4,100 crore, has unlocked vast swathes of land for residential and commercial development. Gurugram is seen as an epicenter of real estate development in Delhi NCR. The city leads Delhi NCR in price appreciation, with a significant year-on-year surge along the Dwarka Expressway as of Q1 2025—the highest among India’s top eight cities. The corridor, encompassing sectors 99 to 114, has seen over a thousand residential units launched since 2018, accounting for nearly a quarter of Gurugram’s total supply.
Mr. Harinder Dhillon, National Sales Head, BPTP said, “In the NCR region, the Dwarka Expressway continues to emerge as a bright spot – driven by sustained infrastructure development and growing end-user demand. With major connectivity projects nearing completion and increasing interest from both developers and buyers, the corridor is gaining momentum. It is set to play a significant role in driving the region’s real estate growth in the coming months.”
Along the expressway, the luxury and premium segment is driving the surge. This aligns with a broader trend across Gurugram, where luxury homes are increasingly favored by affluent buyers seeking larger, amenity-rich residences. The appetite for under-construction projects is also prominent, with a larger chunk of sales seen in Dwarka Expressway. The Dwarka Expressway’s success is emblematic of a wider resurgence across Delhi NCR. The region saw a rise in residential property prices, with Gurugram and Noida leading the charge. Despite soaring prices, unsold inventory has dropped sharply, indicating sustained demand and healthy market fundamentals.
Adil Altaf, Managing Director, Trinity, said, “This growth is driven by the city’s strategic location and ongoing infrastructure developments, such as the Dwarka Expressway and Delhi-Mumbai Expressway. As a major corporate hub, Gurugram attracts professionals seeking premium living spaces. The demand for luxury properties remains robust, fueled by high-net-worth individuals and NRIs. With developers focusing on upscale projects, Gurugram has emerged as a leader in India’s luxury real estate sector, surpassing cities like Mumbai in ultra-luxury housing deals”
The road ahead for Dwarka Expressway is filled with more opportunities in terms of demand and fresh launches. With the expressway now fully operational, it anticipates continued launches of luxury, commercial, and retail projects. The corridor is expected to remain a priority development zone, with further price appreciation likely as infrastructure matures and lifestyle aspirations rise.
Dwarka Expressway is a notable case of how connectivity transforms value. The corridor is not just improving mobility but also improving lifestyles In summary, the fivefold surge in Dwarka Expressway housing prices over 14 years is a vivid illustration of how infrastructure, location, and evolving buyer preferences are reshaping the real estate landscape of Gurugram and the broader Delhi NCR region.
Source : APN News
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