SOURCE : NEW18 NEWS
Last Updated:May 21, 2025, 18:08 IST
The corridor’s investment potential can be judged from the fact that the weighted average price of new launches has risen by 397% to Rs 18,668 per sqft between 2010-2024.
Between 2025 and 2030, over 18,000 units are expected to be launched and over 15,500 units are expected to be absorbed in Dwarka expressway.
Dwarka Expressway, one of NCR’s most sought-after micro-market, is expected to see the launch of 18,000 units in the next five years, following the past 15 years of exponential growth when it saw the launch of close to 43,000 units, said a report by PropEquity.
The corridor’s investment potential can be judged from the fact that the weighted average price of new launches has risen by 397% to Rs 18,668 per sqft between 2010-2024.
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The 29-km Dwarka Expressway, also called Northern Peripheral Road, was proposed in 2006 by the Haryana Government as an alternative route to NH-48, connecting Delhi with Gurugram. This 8-lane elevated expressway connects Shiv Murti on NH-48, to Dwarka and terminates at KherkiDaula Toll Plaza in Gurugram thereby reducing the travel time between cities, IGI airport, workplaces and entertainment hubs.
During the 15-year period, Dwarka Expressway saw two phases of boom. Between 2010-14, 22,588 units were launched and between 2020-24, 15,994 units were launched.
Samir Jasuja, founder and CEO, PropEquity said, “Between 2025 and 2030, over 18,000 units are expected to be launched and over 15,500 units are expected to be absorbed in Dwarka expressway reinforcing sustained future demand. The steady price growth highlights the corridor’s lucrative investment destination. 4BHK apartments dominate the market in the last five years in price range of Rs 4.8 crore to Rs 8.6 crore.”
The expressway saw fewer launches between 2015-2019 when only 4234 units were launched and 7271 units were sold.
Initially slated to be a 18km project, 14km of the expressway was operationalised in 2016. Later, the NHAI took over the project, reworked on the alignment and categorised it as a National Highway (NH-248BB).
The foundation stone was laid in 2019 and 19km of the Gurugram stretch was inaugurated in 2024 by Prime Minister Narendra Modi.
“Developers launched fewer projects during 2015-19. Even though a part of the expressway was operational, the project was entangled in multiple issues. The real estate sector too was witnessing some decline towards the fag end of this period,” Jasuja added.
The weighted average price of new launches rose from Rs 3,753 per sq. ft. in 2010 to Rs 6,238 per sq. ft. in 2015 to Rs 9,434 per sq. ft. in 2020.
The launch price almost doubled in the last five years touching Rs 18,668 per sq. ft. in 2024.
Garvit Tiwari, director and co-founder of Property Consulting Firm InfraMantra, said Dwarka Expressway has emerged as the most sought-after micromarket in NCR with exceptional offerings and price growth, nearly doubling in last five years.
“Excellent connectivity, increasing commercial activity and new-age & modern lifestyle residences have led to increase in demand in this region with projects like Vatika Sovereign Park, Westin Residences by Whiteland, Sobha Altus attracting a lot of interest from homebuyers willing to up their lifestyle and aspirational value,” he added.
Vijay Harsh Jha, founder and CEO of property brokerage firm VS Realtors said Dwarka Expressway is amongst the most sought-after micro-markets in NCR as is evident from the excellent price growth and spurt in launches over the past years.
“Owing to its connectivity within Gurgaon and NCR and to corporate and industrial hubs, airport etc, presence of robust social infrastructure and increasing habitation have shifted the attention of homebuyers to this location. The micro-market has an appetite for more supply and the coming years could witnessed increased real estate activity,” Jha added.
The number of units sold between 2010-2024 stood at 41,899 units, the report added.
Infrastructure developments like Yashobhoomi Covention Centre and upcoming Dwarka Golf Course in sector 24 have boosted real estate in the region. The redevelopment of Bijwasan Railway Station, located at the intersection of Dwarka Expressway and UER II is likely to improve regional connectivity. The proposed metro connectivity from HUDA City Centre to Cyber City with Spur to Dwarka Expressway covering the distance of 28.50 km having 27 stations on the route will further boost connectivity.
The Haryana government is also developing Global City project along the Dwarka Expressway.
Rohit Kishore, CEO of Hero Realty, said, “The Dwarka Expressway has swiftly positioned itself as one of the most dynamic and promising micro-markets in the NCR. Strategically situated between Delhi and Gurugram, it provides better connectivity, strong infrastructure, and well-planned urban development, making it a transformative opportunity for both end-users and investors.”
With IGI Airport just 12 km away, Aerocity within 10 km, and landmark developments like the India International Convention Centre, Diplomatic Enclave II, and the upcoming metro extension nearby, this corridor has become a sought-after real estate destination, he added.
- First Published:
May 21, 2025, 17:56 IST
