Dwarka Expressway, India’s first elevated eight-lane highway, is rapidly evolving into a leading commercial and residential corridor in Delhi NCR. It has become a prime destination for real estate development in the Capital, offering opportunities for both businesses and homeowners.
Residential and Commercial Boom Along the Expressway
The construction of the Dwarka Expressway has triggered the development of several high-end real estate projects along the route. According to Anarock, between 2013 and 2023 around 53,030 homes were built in the area that caters to a wide spectrum of budget categories. This growth is a sign that the area is popular and is fueled by improved connectivity and modern, well-planned infrastructure. Its proximity to the Indira Gandhi International Airport and its direct connection to the most important areas like Delhi and Gurugram make it a popular choice for investors and homebuyers alike.
In the coming two years, another 10,515 homes are expected to be built along the expressway. It is a sign of the continued belief in the region’s growing potential, with both buyers and developers eager to profit from the benefits that the expressway offers. Demand for land has resulted in increased land sales in the area. An analysis done by JLL has revealed that as of 2022, a total of 175 acres have been acquired in 17 separate transactions, with a value of INR 3,100 crore. These numbers highlight the high demand from investors as well as the huge financial commitments put into this rapidly developing submarket.
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Opportunities and Future Growth Potential
The attraction to the Dwarka Expressway goes far beyond connectivity. It is now a draw to those who are looking for appealing commercial and residential alternatives. Modern homes, which are equipped with modern features like dedicated parking spots, green spaces, and sophisticated security options, are increasing the number of potential buyers. The expressway’s infrastructure along with making getting around easier has also laid the foundation for a rapid growth of commercial activity.
The effect of the Dwarka Expressway on the real estate market is evident in recent sales figures. According to JLL, in 2023, 12,409 units of housing were sold within the Dwarka Expressway-New Gurugaon cluster, accounting for 66% of the total market in Gurugram.
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