3 days ago
Prices of flats along Delhi's Dwarka Expressway doubled in the last 5 years: report
Prices of flats on the Dwarka Expressway, which connects Dwarka in Delhi to Kherki Daula Toll Plaza in Haryana's Guragaon, have doubled in the last five years — from Rs. 9,434 per square feet in 2020 to Rs. 18,668 per square feet in 2024 — according to a report by real estate data analytics firm PropEquity.
The report said as many as 15,994 units were launched in the same period, and 16,502 were purchased.
It added that 74 per cent of the flats on the Dwarka Expressway in the last five years came in Sectors 113, 37D, 106, 111, and 103.
'Between 2025 and 2030, over 18,000 units are expected to be launched, and over 15,500 units are expected to be absorbed on the Dwarka Expressway, reinforcing sustained future demand,' Samir Jasuja, Founder and CEO, PropEquity, said.
Jasuja also said that 4-bedroom apartments have dominated the market in the last five years, with a price range of Rs 4.8 crore to Rs 8.6 crore
According to PropEquity, 42,816 units were available in Dwarka Expressway between 2010-2024, and the number of units sold during this period stood at 41,899.
'With a robust land bank of 53 acres, Signature Global has recently launched over 3 million square feet here, and we have a strong upcoming pipeline of 6.4 million sq ft of saleable area in this location,' Pradeep Aggarwal, Founder and Chairman, Signature Global, said.
The 29-km Dwarka Expressway, also called Northern Peripheral Road, was proposed in 2006 by the Haryana Government as an alternative route to National Highway-48, connecting Delhi with Gurgaon. Initially slated to be an 18 km project, 14 km of the expressway was operationalised in 2016. Later, the National Highways Authority of India (NHAI) took over the project, reworked the alignment and categorised it as a National Highway (NH-248BB).
The foundation stone was laid in 2019, and 19 km of the Gurgaon stretch was inaugurated in 2024 by Prime Minister Narendra Modi. This 8-lane elevated expressway connects Shiv Murti on NH-48 to Dwarka and terminates at Kherki Daula Toll Plaza in Gurgaon, thereby reducing the travel time between cities, IGI Airport, workplaces and entertainment hubs.
