2 days ago
Connectivity drives demand, property prices along Dwarka Expressway double in 4 yrs
Gurgaon: Property prices along the Dwarka Expressway almost doubled over the past four years, making it one of NCR's most rapidly growing regions, an assessment shows.
A PropEquity study reported that launch prices along the Dwarka Expressway climbed from Rs 9,434 per sqft in 2020 to Rs 18,668 per sqft in 2024.
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Similarly, a typical 3BHK flat's cost went from Rs 1.8 crore in 2022 to Rs 2.6-4 crore this year.
Analysts believe real estate costs are likely to climb another 15-20% in the next two years, especially since the corridor is now fully functional. The expressway's 18km portion in the city was inaugurated last year and the 10km Delhi section was launched on Sunday. Among the reasons for this increase in demand and property prices along the Dwarka Expressway is its connectivity with Delhi, including IGI Airport.
Launch of the 76km Urban Extension Road-II — which runs from NH-44 (Alipur) to NH-8 via Mundka, Najafgarh and Dwarka with spurs to Sonipat and Bahadurgarh — has given the region another connectivity boost.
Pradeep Aggarwal, founder & chairman of another real estate firm Signature Global (India) Ltd., said property prices along the expressway have nearly doubled over the last five years.
Surinder Singh, director of GLS Group, which offers parcels and logistics services, said: "These high-speed roads are economic corridors.
With Gurgaon–IGI connectivity down to 20 minutes and Delhi–Mumbai Expressway directly linked, this belt will attract corporates, retail majors and service industries, creating a multiplier effect for real estate."
Homeowners said the increase in property prices validates their investments.
Amit Sharma, who owns a flat in Sector 109 said: "I invested five years ago when the expressway was stuck. With the road finally open, daily commuting has improved drastically — and property values will rise further."
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But a city-based real estate consultant Vishwa Mohan pointed out that the appreciation in prices has "another side to the story".
"Rising land and construction costs mean ticket sizes are going up, pushing homeownership further away from the middle-class buyer. Unless developers balance premium launches with mid-income housing, the affordability gap will widen," Mohan said.
