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The Dwarka Expressway is being constructed between Shivmurti in Mahipalpur, Delhi, and the Kherki Daula toll plaza in Gurugram. Around 18.9 km of the expressway, which cost Rs 9,000 crore to build, is in Gurugram, and 10.1 km is in Delhi.
The Dwarka Expressway near Gurgaon, which is regarded as the NCR’s next boom corridor, offers enormous real estate growth potential despite the decade’s tardy progress.
The Dwarka Expressway, a 27 km long expressway that is still under construction, is one of the most potential residential growth markets in the NCR. Mahipalpur in Delhi and Kherki Daula toll Plaza in Gurgaon, Haryana are connected by the eight-lane, controlled access Dwarka Expressway. Direct access to Sector 22 of the Dwarka neighbourhood in Delhi is made possible via the Dwarka Expressway.
The neighbourhood is experiencing the development of various residential projects due to its high rate of expansion. On the stretch, a number of commercial developments and malls are also forthcoming. The Dwarka Expressway was once expected to be finished in 2012. However, the construction of the Dwarka Expressway was significantly delayed by a combination of policy bottlenecks, slow development, and problems with land acquisition and compensation. The National Highways Authority of India (NHAI), which recently took control of the Dwarka Expressway, has revived optimism for the project’s on-time completion.
The Dwarka Expressway is a prime location for real estate and property growth thanks to its excellent connectivity with NH 48, seamless reach with IT/ITES clusters in Cyber City, Gurgaon, and Udhyog Vihar, and simple access to the International Airport of Delhi.
Real Estate Dwarka Expressway Scenario
Both investors and homebuyers favour the Dwarka Expressway despite encountering delays in development and the availability of physical infrastructure. Dwarka Expressway Gurgaon has become a high-growth corridor close to both Delhi and Gurgaon, especially from a long-term perspective. This is demonstrated by the nearly 150 projects that are now underway along the Dwarka Expressway.
Suppose the percentage of residential properties available along the Dwarka Expressway is examined. In that case, we can find that most of the area’s vacant properties are 3 BHK residential flats, accounting for roughly 50% of the overall inventory.
The following price range is typically seen for various configurations if the pricing ranges of this inventory are taken into account.
- The price range for 1 BHK apartment extends from Rs 13 Lakh to Rs 3.6 Crore, and the carpet space is between 225 sq ft and 2025 sq ft.
- With a carpet space of 630 square feet to 1150 square feet, 2 BHK flats ranging in price from Rs 16 lakh to Rs 3.35 crore.
- Prices for 3 BHK homes range from Rs 27 Lakh to Rs 5 Crore, and their carpet areas range from 800 square feet to 3500 square feet.
- Priced between Rs 51 Lakh and Rs 18 Crore, 4 BHK flats offer carpet areas between 900 sq ft and 9500 sq ft.
- Priced between Rs. 1.16 crore and Rs. 25 crore, 5 BHK residences feature carpet areas that range from 1800 square feet to 15,000 square feet.
- Residential plots are also offered, with prices ranging from Rs 2100 to Rs 9100 per square foot and carpet areas between 1800 and 3200 square feet.
Residential lands are readily available along the Dwarka Expressway, as may be seen. The country roof portal has 100 plots for sale close to the Dwarka Expressway.
If the pricing trend of multistory apartments along the Dwarka Expressway is taken into account, it can be shown that prices increased by more than 40% between July 2017 and July 2022, from Rs. 4753 per square foot to Rs. 6680 per square foot.
The investor’s preference for Dwarka Expressway Gurgaon is a result of the high pace of property price appreciation. Leading real estate developers are also starting or have already started working on projects in this area.
Parts of the Dwarka Expressway
Sector 36, 36B, 37D, 84, 85, 88, 88B, 99, 101, 102, 106, 110, 111 are a few of the most significant sectors along the Dwarka Expressway.
Rental area alongside the Dwarka Expressway
Dwarka Expressway is popular among real estate investors, but it has also grown to be a desirable and reasonably priced rental property market. Working professionals and first-time homebuyers alike love the Dwarka Expressway due to its direct connectivity with NH 48, IMT Manesar, DLF Cyber City, Pachgaon, and Udhyog Vihar. Additionally, rents are low compared to the central Gurgaon areas.
Rents for homes along the Dwarka Expressway are rather reasonable. Blue-collar employees’ demand has been spurred by the area’s proximity to companies in Pachgaon and surrounding areas, as well as industrial centres like IMT Manesar.
Depending on how the land is laid up, houses along India’s Dwarka Expressway have varying rental costs. The normal monthly rent for a 1 BHK home is between Rs 2,500 and Rs 45,000, while the rent for a 2 BHK home can range from Rs 4,500 to Rs 65,000. The monthly rent for a three-bedroom home typically ranges from Rs 7,500 to Rs 1 lakh. A 4 BHK property can cost between Rs 15,000 and Rs 2.5 lakh per month, while a 5 BHK house or more can cost between Rs 30,000 and Rs 3.5 lakh per month for individuals in need of even more space.
Dwarka Expressway for TATA Housing
Leading multinational TATA has established itself in the real estate industry. Along the Dwarka Expressway, TATA has constructed the TATA La Vida project. The TATA group’s ongoing real estate project, TATA La Vida, is situated in Sector 113, Bajghera, Gurgaon.
Modern residential flats in 2, 3, and 4 BHK sizes are available at TATA La Vida. The flats, which are close to the Dwarka Expressway in Gurgaon, have a beautiful design and top-notch craftsmanship.
TATA La Vida is a beautiful project next to the Dwarka Expressway since it has amenities including a jogging track, badminton court, indoor games area, swimming pool, library, business centre and a green environment.
Social and Physical Amenities of Dwarka Expressway
Despite being hailed as a crucial real estate corridor, some parts of the Dwarka Expressway have inadequate physical infrastructure. Despite this, Dwarka Expressway is a favourite with homebuyers due to its respectable availability of schools, hospitals, and community centres.
Dwarka Expressway in Gurgaon has a lot of amenities if you’re looking for a location to live or work there. Schools, hospitals, and hotels are some of the most crucial things that individuals consider when choosing a location. Numerous reputable schools, including Delhi Public School, RPS Public School, Bharat Ram Global School, Basant Valley School, Saint Paul’s School, and MDS Public School, can be found along the Dwarka Expressway.
Aarvey Superspeciality Hospital, Genesis Hospital, Sri Balaji Multispeciality Hospital, Sheetla Multispeciality Hospital, and Aditya Hospital are just a few of the top medical facilities in the region.
Connectivity of Dwarka Expressway
The Dwarka Expressway in Gurgaon is also known as the Northern Peripheral Road. In order to reduce traffic on the Gurgaon-Delhi road and provide an alternative route between Delhi and Gurgaon, this was the project’s main goal. The NH 48 and its great connectivity make it simple to reach Delhi.
The Southern Peripheral Road (SPR), or the Golf Course Extension Road, connects directly to the Dwarka Expressway via a section of the Central Peripheral Road. It provides a direct connection to Old Gurgaon via Pataudi Road.
While the Dwarka Expressway is still being built, internal road segments still need to be finished, and physical infrastructure is still being developed.
Obstacles to the Construction of the Dwarka Expressway in Gurgaon
The Haryana government has been deeply troubled by the Dwarka Expressway’s glacial pace of construction. The Dwarka Expressway’s completion faced a number of challenges while having significant expansion potential. The following are some of the main causes of the ongoing delays:
Problems with land acquisition for the Dwarka Expressway
The most urgent problem that presented difficulties in the construction of the Dwarka Expressway was connected to land acquisition and compensation. The construction of the Dwarka Expressway was opposed by the locals of Bajghera and Kherki Daula Village from the start. The problems with land acquisition and reduced compensation surfaced after the route was decided upon. The compensation paid did not satisfy the landowners. Numerous court cases involving the purchase of land for the construction of internal roads are still pending today.
Inadequate civic infrastructure
Despite having potential for both commercial and residential real estate, much of the Dwarka Expressway is lacking in essential civic infrastructure. Lack of sufficient drinking water, unannounced power outages, broken street lights, and inadequate drainage systems are issues in newly constructed areas. In reality, these problems are deterring prospective homebuyers as well.
Kherki Daula Toll Plaza
Long traffic backups are frequent along this stretch of the Dwarka Expressway because of the Kherki Daula toll plaza’s location nearby. This results in time loss and several inconveniences related to commuting.
Long ago, the Haryana government made a commitment to move the toll plaza closer to Pachgaon. But up until now, nothing has been done.
Internal Connectivity
Internal connectivity is a worry close to the Dwarka Expressway Gurgaon despite great connectivity with the Southern Peripheral Road and NH 48. Private taxis and cabs are essentially the only means of internal transportation. In addition, poorly maintained and damaged roads are problematic for internal traffic.
Also Read: What are the Tax Benefits of Commercial Property
Summary
Gurgaon’s Dwarka Expressway is a promising area for real estate growth. Dwarka Expressway will be a growth centre once it is fully operational despite delays in its construction. You can visit the country roof portal to look at properties near the Dwarka Expressway.
Frequently asked questions
What is Dwarka Expressway?
Dwarka Expressway, a 29 km (8-lane) long Expressway that runs through New Gurgaon and connects Dwarka in Delhi to NH-8 in Gurgaon.
Why is the Dwarka Expressway a growth corridor for real estate?
Due to its advantageous position and accessibility to significant corporate hubs like Delhi, Gurugram, and Noida, Dwarka Expressway has grown to be a popular real estate location. Its appeal is additionally increased by its proximity to the airport and the proposed Diplomatic Enclave.
What kinds of real estate are offered along the Dwarka Expressway?
Apartments, villas and plots are just a few of the residential properties available along Dwarka Expressway. There are also commercial properties like offices and retail locations.
What are the current Dwarka Expressway home prices?
Depending on the location, type of property, and amenities provided, different properties on the Dwarka Expressway have different costs. Price per square foot ranges from roughly Rs. 5,000 to over Rs. 15,000 as of 2021.
Is investing in the Dwarka Expressway a wise decision?
Due to its potential for high returns, Dwarka Expressway has become a well-liked investment location. Once the Expressway is fully operational and the proposed infrastructure projects are finished, the area is anticipated to experience an increase in real estate prices.
What upcoming infrastructural improvements are planned for the Dwarka Expressway?
The Northern Peripheral Road (NPR), the projected Diplomatic Enclave, and the extension of the Delhi Metro are three infrastructure projects that are anticipated to have a positive impact on the Dwarka Expressway real estate market.
Which well-known builders are active on the Dwarka Expressway?
On the Dwarka Expressway, well-known developers include DLF, Raheja, Sobha, Godrej Properties, ATS, Mahindra Lifespaces, and numerous others.
What benefits come with residing near the Dwarka Expressway?
The residents of the Dwarka Expressway have a number of benefits, including good connectivity, close proximity to significant corporate centres, simple access to the airport, and the availability of social infrastructure including schools, hospitals, and shopping centres.
What drawbacks come with residing near the Dwarka Expressway?
Living near the Dwarka Expressway presents a number of difficulties, including a dearth of suitable public transport options. During peak hours, the area is also prone to traffic congestion.
What is the outlook for the Dwarka Expressway real estate market going forward?
With a number of infrastructural projects in the works that are anticipated to improve connectivity and real estate growth in the area, the forecast for the Dwarka Expressway real estate market is favourable going forward.
