Gurgaon is seeing an upswing in real estate activity, courtesy of the Dwarka Expressway, which has emerged as the most favored investment destination in NCR. In the last five years, fast-track development of infrastructure has skyrocketed property prices here.
A Grand Jump in Property Prices
Properties along the Dwarka Expressway have shown a phenomenal increase of 79% in the last five years.
In 2019, the average price stood at ₹5,359 per square foot. By 2024, the price will be ₹9,600 per square foot. This is a very indicative number showing how sought after real estate is in the area, providing a lucrative investment opportunity for the buyer and reasonably good for the investor.
Factors Behind Rapid Growth
1. Accessibility
The Dwarka Expressway ensures smooth travel from Dwarka to Gurugram towards other NCR regions.
It makes easier daily commuting between Delhi and Gurugram in terms of travel time.
In addition to that, it works as an alternative route to NH-8, therefore helping with the decongestion of traffic.
Proximity to Indira Gandhi International Airport adds to an added premium in the area.
2. World-Class Infrastructure
Infrastructure such as flyovers and wide roads probably wouldn’t be there for long if metro connectivity was enhanced.
These are the schools, hospitals, shopping complexes, and entertainment creations that make it a self-sustained locality.
Massive commercial projects have attracted IT parks, corporate offices, and co-working spaces, which in turn open up employment opportunities.
3. Hoarding of Magnificent Space
Post-COVID-19, spacious houses are what people want with open areas and greenery.
The Dwarka Expressway provides luxurious apartments, standalone villas, and gated complexes with modern amenities.
Developers are concentrating more on green and smart homes, making it an even more attractive location.
4. Commercial and Business Development
The expressway is luring big corporate offices and IT firms. Thus, the job opportunities are increasing.
The area includes many business parks, SEZs, and office complexes which will be attracting professionals increasing rental demand.
Future: Growth & Investment Potential
Majority of property analysts believe that with closer project completion dates, property prices will only continue to increase.
The further extension of the Metro will enhance connectivity.
The Delhi-Mumbai Industrial Corridor (DMIC) will further trade and commerce.
The development of luxury township, smart cities, and high-end residential projects will put the area at the front of real estate in the next few years.
Conclusion
Dwarka Expressway has emerged as one of the most booming real estate hot spots in NCR of late. Given the ever-increasing property prices, quality infrastructure, and high demand, it is a golden opportunity now for homebuyers and investors to invest. The region will be an urbanized hub in the near future, which will provide quality living, commercial prospects, and good returns on investment.
