Redefining Delhi-NCR's Horizon: The Triple Threat of Dwarka Expressway Revamping the Region's Future
The Dwarka Expressway, a major artery stretching between Delhi's Dwarka and Gurugram's Manesar, emerges as one of the fastest-growing real estate micro-markets in the National Capital Region (NCR). Property prices have witnessed a staggering surge of 58% year-on-year in Q4 2024, with data suggesting an average increase of 83% over the past 6.5 years.
This expansion, backed by infrastructure development, a shift towards high-end properties, and a growing demand for luxury living, has positioned the region as a hub of opportunity for developers, homebuyers, and housing finance companies (HFCs). According to industry experts, the corridor is likely to continue experiencing robust growth, with anticipated appreciation of property values by 40-60% over the next five years.
For a comprehensive look at the numbers driving this boom, one needs to consider the impressive leap in property prices. Between 2021 and mid-2024, prices surged from Rs. 8,630 to Rs. 17,357 per sq. ft., despite a 15% increase in housing supply (4,329 to 5,012 units annually). In 2024 alone, prices climbed 30% despite increased supply, highlighting a demand-supply imbalance tilted in favor of sellers. Since 2018, over 26,800 residential units have been launched, accounting for 23% of Gurugram's total supply.
Ishaan Singh, Director at AIPL, emphasized that the growth in Dwarka Expressway represents more than just rapid development; it's a structural shift that has significantly impacted the region's aspirational value and investment appeal. Sandeep Chhillar, Founder and Chairman of Landmark Group, highlighted the importance of infrastructure in transforming the corridor's value, with the Dwarka Expressway elevating lifestyles and driving a shift in buyer preferences towards larger and more premium homes, particularly 3 and 4 BHKs. CBRE reports that luxury housing sales in Delhi-NCR grew by 28% year-on-year in 2024, with the Dwarka Expressway playing a crucial role in this surge.
Rajjath Goel, Managing Director of MRG Group, praised the corridor as a compelling example of integrated infrastructure development, policy foresight, and a relentless push for excellence. Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group, described the Dwarka Expressway as a game-changer for the NCR's real estate market, propelling growth across housing and commercial segments. Vishesh Rawat, VP & Head of Sales, Marketing, and CRM at M2K Group, expressed enthusiasm about the focus on delivering future-ready, aspirational addresses with enduring financial and lifestyle returns for both developers and buyers.
Dimple Bhardwaj, Head of Channel Sales & Marketing at Better Choice Realtors Pvt Ltd., highlighted the Dwarka Expressway's strategic location, robust infrastructure, and maturing buyer profile as drivers of an unprecedented boom in Gurugram's luxury real estate market. The rise in property values along the corridor has been accompanied by aggressive investments by developers and a growing interest from financial institutions, with most HFCs reporting an uptick in loan applications for Dwarka Expressway properties in 2024.
The crown jewel of the Dwarka Expressway's development is the Rs. 1 lakh crore Global City project, a 1,000-acre smart hub near Sector 36B. The first phase of the project is slated for completion starting in late 2025, with plans for a mix of commercial towers, luxury residences, and green spaces aimed at mirroring Dubai's Business Bay.
For homebuyers, the expressway's value proposition hinges on its connectivity and future-proofing. Upcoming infrastructure projects, such as a 16-lane highway, India's widest tunnel (opening May 2025), and a proposed metro line, promise sub-30-minute commutes to Delhi, Gurugram, and the Indira Gandhi International Airport. With an aspirational branding often likened to Singapore and Dubai, the area resonates with young professionals, with premium amenities like smart home tech, private parks, and concierge services dominating new launches.
In conclusion, the Dwarka Expressway's rapid transformation into a premier real estate hotspot in the NCR is driven by robust infrastructure development, a surge in demand for luxury living, and significant appreciation in property values. As major projects like the Global City get underway, the corridor is on track to continue experiencing sustained growth over the next few years, offering attractive opportunities for homebuyers, investors, and developers alike.
The Dwarka Expressway's expansion, influenced by its premier infrastructure, has made it an appealing investment destination for housing finance companies, developers, and homebuyers alike. The surge in property values and demand for luxury living, such as 3 and 4 BHKs, has been facilitated by this development, making the corridor a hub of opportunity in the real estate market. Notably, the anticipated appreciation of property values by 40-60% over the next five years indicates the corridor's continued growth.
