Dwarka Expressway: A Trifecta of Opportunity Reshaping Delhi-NCR's Future
NewsVoir
Delhi NCR [India], May 12: Think of one of the fastest-growing real estate micro-markets in NCR in all probability, the name of Dwarka Expressway would first flash across your mind. Stretching between Delhi's Dwarka and Gurugram's Manesar, this eight-lane expressway has become the National Capital Region's (NCR) most explosive growth story, with property prices surging 58% year-on-year in Q4 2024. For developers, homebuyers, and housing finance companies (HFCs), it represents a rare alignment of opportunity.
The Numbers Behind the Boom
Data paints a staggering picture. According to Anarock's October 2024 Micro Market Report, average property prices along the expressway have risen 83% over the past 6.5 years, while PropEquity notes a 101% leap--from Rs. 8,630 to Rs. 17,357 per sq. ft.--between 2021 and mid-2024. Despite a 15% increase in housing supply (4,329 to 5,012 units annually), prices climbed 30% in 2024 alone, highlighting a demand-supply mismatch tilted firmly in favour of sellers. Over 26,800 residential units have been launched since 2018, accounting for 23% of Gurugram's total supply.
This isn't just growth; it's a structural shift. Dwarka Expressway, riding high due to its proximity to Delhi and Gurugram, is rewriting the rules of urban development. Its emergence as a premium residential hub, backed by premium developments from trusted and reputed developers, has significantly enhanced the region's aspirational value and investment appeal," says Ishaan Singh, Director, AIPL.
Sandeep Chhillar, Founder and Chairman, Landmark Group, says, "The catalyst behind Gurugram's breakout year lies in infrastructure, and Dwarka Expressway is a textbook case of how connectivity transforms value. The corridor is not just improving mobility but also elevating lifestyles. We're witnessing a dramatic shift in buyer preference towards large and premium homes, especially 3 and 4 BHKs, as affluent buyers seek more than just square footage. As revealed by CBRE, luxury housing sales in Delhi-NCR grew by 28% year-on-year in 2024, and Dwarka Expressway played a key role in this surge. This corridor will continue seeing portfolios aligned with these growth arteries, catering to the lifestyle needs in the future."
"This 29-km corridor (19 km Gurugram section inaugurated as of now) is unlocking value for developers, homebuyers, and lenders alike. It has emerged as a corridor where infrastructural development, policy foresight, and relentless thrust to make it the best residential and commercial hubs have turned into a defining principle," says Rajjath Goel, Managing Director, MRG Group.
Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group says, "Dwarka Expressway has emerged as a game changer for NCR's real estate market. With enhanced connectivity to key business hubs and housing corridors, Dwarka Expressway has been propelling the growth of NCR's real estate across housing and commercial segments. Driven by rapid infra upgrades, increased demand for quality living and high potential commercial projects, this stretch opens up the vast potential for integrated townships, luxury projects and commercial developments. The expressway is setting benchmarks for realty markets' growth in Delhi-NCR by not only improving the connectivity across NCR but creating a new urban model redefining lifestyle, accessibility and value creation in NCR."
"Dwarka Expressway has emerged as one of NCR's most strategic growth corridors, driven by infrastructure upgrades, proximity to Delhi, and a maturing buyer profile. For developers like us, it brings together location, policy push, and sustained buyer interest, enabling the creation of high-value residential ecosystems. The focus now is on delivering not just homes, but future-ready, aspirational addresses with enduring financial and lifestyle returns," says Vishesh Rawat, VP & Head of Sales, Marketing, and CRM, M2K Group.
"Gurugram's luxury real estate market is experiencing an unprecedented boom, and the Dwarka Expressway is at the heart of this transformation, From an emerging corridor to a prime destination for premium housing, this region has seen exceptional appreciation in property values. The surge is driven by a trifecta of opportunity: strong demand from lifestyle-focused homebuyers, aggressive investments by developers, and strong interest from financial institutions. With Gurugram's evolving social infrastructure and its appeal as a corporate hub, we anticipate continued growth, promising lucrative returns for investors and a sophisticated living environment for residents," says Dimple Bhardwaj, Head of Channel Sales & Marketing, at Better Choice Realtors Pvt Ltd.
The crown jewel is the Rs. 1 lakh crore Global City project--a 1,000-acre smart hub near Sector 36B. With the first phase slated for completion starting in late 2025, its mix of commercial towers, luxury residences, and green spaces aims to mirror Dubai's Business Bay.
Homebuyers: Connectivity Meets Convenience
For buyers, the expressway's value proposition hinges on connectivity and future-proofing. The corridor's upcoming infrastructure--a 16-lane highway, India's widest tunnel (opening May 2025), and a proposed metro line--promises sub-30-minute commutes to Delhi, Gurugram, and the Indira Gandhi International Airport.
"Analysts argue the area's aspirational branding--often likened to Singapore and Dubai--resonates with young professionals. Premium amenities like smart home tech, private parks, and concierge services now dominate new launches, with Knight Frank reporting a 31% YoY price jump in NCR's luxury segment (early 2025)," says Vikas Dua, Founder & Director at Chintamanis.
Analysts argue the area's aspirational branding--often likened to Singapore and Dubai--resonates with young professionals. Premium amenities like smart home tech, private parks, and concierge services now dominate new launches, with Knight Frank reporting a 31% YoY price jump in NCR's luxury segment (early 2025).
HFCs: Riding the Loan Wave
For housing finance companies, the corridor's price surge has been a boon. Higher property values mean larger loan portfolios, while the influx of high-income buyers reduces default risks. Almost all financial institutions have reported an uptick in loan applications for Dwarka Expressway properties in 2024, with average ticket sizes ranging from Rs. 1-3 crore.
Dwarka Expressway stands as a test case for India's urban ambitions. For stakeholders, the rewards are high. This isn't just a highway but a roadmap for India's premium housing ambitions. With Rs. 1 lakh crore in active investments and 20,000 jobs expected from Global City alone, the trifecta of opportunity shows no sign of slowing.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
14 minutes ago
- Time of India
Top metros dearer than Pune in co-living rent, except Chennai
Pune: Co-living rentals in Pune are easier on the wallets of renters compared to other metro cities in the country but are marginally costlier than those in Chennai. This is due to the correspondingly lower average rent of entry-level apartments in the city, data from real estate services firm Colliers India showed. Tired of too many ads? go ad free now The average co-living rent in Pune ranges from Rs 9,500 to Rs 15,700 per month, while the average rent of a premium co-living facility in a city like Bengaluru or Mumbai is Rs 23,700 and Rs 27,500 per month, respectively. The differential in rent between co-living and regular apartments for all cities is around 25-35%. Despite being the cheaper option, availability of co-living facilities is very limited as it is a relatively untapped market. Colliers India estimated that the overall capacity of the co-living segment is very low at 3 lakh beds compared to 5 crore migrant population moving within the country. However, it is expected to grow to 10 lakh beds by 2030 as more developers enter the segment. In Pune, developers are increasingly incorporating co-living units into standalone or mixed-use developments to cater to the growing demand, Manish Jain, president, Credai's Pune chapter, said. Co-living involves tenants sharing common facilities and spaces while having their own private rooms. It is particularly suitable for single occupants who are not immediately looking to buy a home, want to save on rent, and desire flexibility in the duration of their stay. Typically, the duration of stay ranges from eight to 12 months. "This sector has seen a rebound in Pune post-pandemic, especially during the last couple of years, with most companies from the IT sector adopting a flexible model for work from home and office," Saurabh Garg, co-founder, NoBroker, said. Tired of too many ads? go ad free now Co-living is mostly favoured among the service industry-intensive areas, such as Hinjewadi and Kharadi, on the western and eastern sides of the city, and in some pockets, including Vimannagar and Kalyaninagar. Besides single professionals, industry experts expect demand from postgraduate students, as not all educational institutes can accommodate the increasing number of students in their hostels. Rising migration to the top metro cities and the growing preference of white-collar workers for professionally managed spaces are also driving growth in the co-living sector. "With over 1,400 colleges and thriving job opportunities in areas like Hinjewadi, Kharadi, and Chakan, the city continues to attract young professionals and students aged 25–35. For this segment, co-living offers an ideal solution that is affordable, well-maintained, and in preferred locations," said Jain.
Time of India
15 minutes ago
- Time of India
Soon, a policy to help position UP as hub of sustainable aviation fuel
Lucknow: Finding potential in the evolving Sustainable Aviation Fuel (SAF) sector, which is emerging as a key solution in the global effort to decarbonise aviation, the Uttar Pradesh govt is set to come up with a SAF manufacturing policy. A draft version of the policy, which will be effective for a period of five years from the date of promulgation, is now up for comments and suggestions. "The policy aims to position UP as a leading hub for SAF manufacturing in India, enhance energy security, support decarbonisation of the aviation sector, and generate green employment opportunities through innovation, investment, and public-private partnership," said a senior officer in the state govt. The officer informed that Invest UP will be the nodal agency for sanction and disbursement of fiscal incentives to SAF units that come up under the policy. As per the draft, in addition to the primary goals, the policy also aims to support research, innovation, and technology partnerships in SAF feedstock processing and fuel conversion. It seeks to create rural and urban green employment opportunities through feedstock supply chains and processing facilities, contribute to national climate goals and India's SAF blending targets, while enhancing energy security, among others. To achieve the goals, the state govt would roll out several fiscal and non-fiscal benefits to willing investors. For this, the draft policy first describes large and mega SAF units based on minimum capital investment. While those with a minimum investment of Rs 50 crore and up to Rs 199 crore will be called large, those with an investment of Rs 200 crore or more would be called mega. The incentive framework also spells out eligibility criteria to elaborate on the fiscal benefits the state govt would extend. The list includes a front-end land subsidy of 50% to units that come up in Gautam Budh Nagar and Ghaziabad and 75% in the rest of western UP and central UP districts. For districts in the eastern UP and Bundelkhand region, the incentive would be 80%. The list also includes stamp duty exemptions, waiver for land use conversion, exemption from developmental charges, capital subsidy, state GST reimbursement, interest subsidy, skill development subsidy, and reimbursement of patent registration fees, among others. The non-fiscal benefits include the development of aggregated feedstock procurement platforms to ensure a steady and quality supply of biomass, used cooking oil, and municipal waste. It will facilitate linkages with farmers, waste management bodies, and industries for feedstock supply contracts, and the development of dedicated SAF storage, blending, and distribution infrastructure at airports and fuel depots at strategic locations having high biowaste production in proximity to aviation zones. The state govt will promote feedstock certification and sustainability standards to ensure compliance and market acceptance, among others. Companies like Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum are actively exploring partnerships and pilot projects to commercialise SAF technologies. Moreover, global players like Boeing and Airbus have entered collaborations with Indian institutions to develop indigenous SAF solutions.
United News of India
26 minutes ago
- United News of India
Axis Securities recommends ‘buy' on Signature Global stock
Pune, June 4 (UNI) Brokerage firm Axis Securities has recommended a 'buy' on Signature Global (India) Ltd with a target price of Rs 1,330, which is a 10 percent upside from the stock's current market price. Signature Global (India) Ltd is one of the largest real estate development companies in the NCR/Delhi regions in the affordable and mid-income segments. The company has now shifted its focus to mid and premium housing and has been successful in doing so, said Axis Securities in its report on Wednesday. Signature Global's stock closed at Rs 1,229.75 per share on June two. The stock is drawing attention from investors amid growing optimism about the company's future prospects. Pre-sales for FY25 stood at Rs 10,290 crore, surpassing the company's guidance of Rs 10,000 crore and showing a strong 42 percent year-on-year growth. During the year, Signature Global launched projects with an approximate Gross Development Value (GDV) of Rs 13,800 crore and added around eight million sq ft of new projects. The average ticket price of Signature Global's offerings rose to approximately Rs 2.5 crore, and the company's shift to premium housing has driven healthy sales momentum, said a company release here. UNI SP SS
