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Easy access to Delhi’s IGI Airport, plus connectivity to Cyber City, Udyog Vihar, and the Delhi-Mumbai Expressway, makes the area highly attractive to investors
Experts attribute this price surge to the excellent connectivity provided by the Dwarka Expressway. (PTI/File)
Prime Minister Narendra Modi inaugurated the Delhi section of the Dwarka Expressway and Urban Extension Road-II (UER-II) on Sunday. These projects are expected to significantly reduce traffic congestion in the national capital and enhance connectivity with neighbouring cities. The Haryana section of the Dwarka Expressway is already operational.
Since the announcement of the Dwarka Expressway construction, property prices in the surrounding areas have surged and show no signs of slowing. Over the past four years, property values around the expressway have nearly doubled, with experts predicting a further 15-20% increase over the next two years. According to a study by PropEquity, the launch price on the Dwarka Expressway has risen from Rs 9,434 per square foot in 2020 to Rs 18,668 per square foot in 2024.
Similarly, the price of a standard 3BHK flat has escalated from Rs 1.8 crore in 2022 to between Rs 2.6 crore and Rs 4 crore this year.
Experts attribute this price surge to the excellent connectivity provided by the expressway. The easy access to Delhi’s IGI Airport, and connectivity to major economic centres like Cyber City and Udyog Vihar, along with a direct link to the Delhi-Mumbai Expressway, have made this area highly attractive to investors.
Property Demand Set To Rise
Navdeep Sardana, founder of real estate company Whiteland Corporation, describes the Dwarka Expressway as the most promising corridor of the NCR. The direct connectivity of Gurugram, Sonipat, and Panipat with UER-II is expected to create substantial opportunities for investors, with a rapid increase in demand for high-quality residential and commercial projects.
Pradeep Aggarwal, founder and chairman of Signature Global (India) Ltd, notes that property prices around the expressway have doubled in the past five years, driven by infrastructure that supports large-scale residential and retail development and connects to economic hubs like Cyber City.
Rising Demand For Commercial Projects
Other experts suggest the area’s development will extend beyond residential projects, with large-scale logistics hubs, retail spaces, and office developments emerging rapidly. Surinder Singh, director of GLS Group, highlights that the reduced travel time between Gurugram and IGI Airport, now just 20 minutes, and the direct link to the Delhi-Mumbai Expressway will make this area a prime location for corporates, retail companies, and service industries.
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Delhi, India, India
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