Dwarka Expressway is a 29 km, 16-lane highway linking Delhi and Gurugram. Read the blog to know how this expressway offers great real estate investment opportunities and why you should invest here.
Dwarka Expressway is a popular name for NH 248-BB. This 29-kilometre stretch is an under-construction 16-lane elevated grade-separated expressway. 8 of the 16 lanes are elevated, while the other 8 are service roads.
The expressway is becoming a hub for real estate investment due to its enhanced connectivity and advanced amenities. Read this blog to understand how Dwarka Expressway is progressively becoming a new micro-market for investors and a preferred destination for home buyers.
About Dwarka Expressway
Dwarka Expressway stretches from Dwarka in Delhi to Kherki Daula Toll Plaza in Gurugram, Haryana. The primary aim behind constructing the Dwarka Expressway in Delhi was to develop an alternate road link between Delhi and Gurugram. This would ease the traffic congestion on the Delhi-Gurugram Expressway.
It was initially planned in 2006, and its construction contract was awarded in 2011. In 2016, 14 kilometres out of the original 18 kilometres were completed. However, the project scope was extended.
The initial construction of the 14 kilometres did not take much time. However, the remaining construction was delayed due to tree transplantation hurdles and land acquisition issues. The delay and the issues causing it soon came to notice, leading to the Prime Minister’s office stepping in November 2018 to solve the issues. This resulted in Haryana and Delhi handling the remaining 10 kilometres of the road.
The construction faced delays due to several factors, notably the necessity for the National Highways Authority of India (NHAI) to transplant over 13,000 trees along the proposed route. In November 2018, Delhi Chief Minister Arvind Kejriwal approved this transplantation.
In January 2018, the Airports Authority of India (AAI) agreed to transfer the required land to NHAI. Subsequently, in December 2018, the Haryana government handed over a 10-kilometre stretch of land for the expressway’s development.
Dwarka Expressway Real Estate Overview
The growing real estate landscape of the areas surrounding Dwarka Expressway has attracted investors from all over India. This micro-market for property investors is experiencing a dynamic shift in land values and infrastructure development.
The real estate prices and demand are rapidly increasing along the expressway. It has shown a sharp rise with the completion of the Gurugram stretch in March 2024 and the near completion of the Delhi stretch. Residential properties are in demand more, making Dwarka Expressway a micro-market for homebuyers.
Impact of Dwarka Expressway on Real Estate
The development of the expressway has significantly changed the NCR’s real estate landscape. Here’s a quick look at its impact on real estate.
Rise of Residential Projects
Dwarks Expressway has seen a mushrooming of residential projects in the surrounding areas. These include luxurious apartments, affordable housing, and integrated townships. Flats near Dwarka Expressway are in high demand among property investors and homebuyers. The strategic location of the expressway along with modern amenities and improved connectivity are the reasons for this growth in real estate.
Rise of Commercial Projects
Due to enhanced connectivity, commercial projects have also increased, as have residential projects. Several business parks, IT hubs, retail complexes, and malls are being developed in the surrounding localities.
Appreciation in Property Values
The improved infrastructure and connectivity brought by the development of the Dwarka Expressway Delhi have resulted in a visible appreciation of property values. This appreciation is expected to grow even further in the future.
Real Estate Price Trends for Flats Near Dwarka Expressway
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Property prices for Dwarka Expressway are increasing steadily.
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A survey suggested that in 2024, property prices increased by 29% as compared to 2023.
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The current average property rates are between INR 12,000 to INR 14,000 per square foot.
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Over 50% of the properties have 3 BHK configurations.
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You can find multistorey apartments, residential plots and commercial shops here, catering to diverse preferences and requirements.
The rapid increase in property prices is not only attracting buyers but also developers to launch their projects in the area. As a result, homebuyers looking for an ideal property can easily find a suitable one for their needs.
Studies suggest that the annual supply of new residential units in Dwarka Expressway has surpassed the 10,000-unit threshold since 2020. This data shows a significant increase from the pre-pandemic years when only 5,000 to 7,000 new units were being launched per year.
The Dwarka Expressway in Gurugram has become a significant hub for real estate activity, offering a diverse range of properties for both sale and rent.
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Properties are available from approximately INR 20 lakh to INR 17 crore.
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Sectors 102, 106, 108, 109, and 99A are among the sought-after areas, providing various property options.
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The market predominantly features flats (90%), with villas comprising around 2% of the offerings.
Commercial: Top developers are also launching their commercial projects along this route, including office spaces and malls. Between 2019 and mid-2024, there was a 79% increase, with prices rising from Rs 5,359 to over Rs 9,600 per square foot.
Key Sectors Along Dwarka Expressway Route
For a well-managed development, the sectors along the Dwarka Expressway are divided into three clusters. These are-
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Cluster A (Delhi Side)- Sectors 110A, 111, 112, 113, 114
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Cluster B (Centre)- Sectors 110, 109, 106, 105, 108, 107
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Cluster C (Gurugram Side)- Sectors 103, 104, 102, 102A, 101, 100, 99 and 99A
Homebuyers must look into Cluster C, as the sectors included are the proposed residential hubs along the expressway. These sectors include 103, 104, 102, 102A, 101, 100, 99 and 99A. The most trusted developers have launched flats near Dwarka Expressway in these sectors. These projects have all the amenities for a comfortable living, like a spa, tennis courts, gym, swimming pool, and club.
Dwarka Expressway is witnessing a rising market for luxury housing. As a result, some of the most prominent developers are developing posh housing projects in the area. These units are spacious and equipped with all the modern amenities, attracting homebuyers looking for a home in a well-developed area.
Amenities Near Dwarka Expressway
Below are some amenities that make Dwarka Expressway a suitable residential area.
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Schools |
Hospitals |
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Delhi Public School |
Vibrant Hospital |
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Imperial Heritage School |
Rion’s Hospital |
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HSV International School |
Shri Badrinath Multi Speciality Hospital |
Dwarka Expressway is well-connected to NH-48.
The Delhi Metro Rail Corporation and Haryana Government have planned to expand the metro network. It will connect the expressway with the metro channel. A metro line from Huda City Center metro station to Dwarka Expressway via Rezangla Chowk and Old Gurgaon is in the plans to be constructed. However, the project is still in the approval stage.
Also read: Gurgaon Rapid Metro
You can easily find public transport from the expressway. The Gurgaon Railway Station is situated only at a distance of 2.6 km. The IGI Airport of New Delhi, about 28 km away, is the nearest airport.
Conclusion to Dwarka Expressway
The Dwarka Expressway is a crucial part of the urban infrastructure in the National Capital Region. It significantly enhances connectivity between Delhi and Gurugram and offers a traffic-free route for transportation. These features make it a preferred micro-market for homebuyers.
The completion of the expressway has spurred real estate growth in the region. Therefore, you can invest in properties near this expressway if you wish to reap higher returns.
External References for Dwarka Expressway
Wikipedia– Dwarka Expressway
Economic Times– Property Prices at Dwarka Expressway
