1 week ago
Dwarka Expressway Property Prices Nearly Double as Infrastructure Improves
Property prices near Dwarka Expressway have risen sharply.
In 2019, homes cost about ₹5,359 per square foot on average.
By the first half of 2024, the average was more than ₹9,600.
This means prices increased by nearly 79%.
The expressway made it easier to travel between Delhi and Gurugram.
The area is also close to the airport, offices, shops and other facilities.
One project, Hero Homes, increased by more than 230% since it launched.
Developers now expect the corridor to remain important for people buying homes and for investors.
Average property prices along Dwarka Expressway rose from about ₹5,359 per sq. ft. in 2019 to over ₹9,600 in H1 2024, an appreciation of nearly 79%.
Completion and operationalisation of the expressway improved connectivity between Delhi and Gurugram, supporting price growth.
The corridor is near Indira Gandhi International Airport, Aerocity, business districts and expanding social infrastructure.
Hero Homes in Sector 104 rose from about ₹5,000 per sq. ft. at its November 2018 launch to around ₹16,500, an appreciation of over 230%.
Developers are increasingly launching premium and luxury housing as commercial, institutional and infrastructure projects expand.
- Who
- Homebuyers, investors, developers and property owners along the Dwarka Expressway corridor; the price data was cited from an Anarock report.
- What
- Property prices have risen sharply, while premium and luxury housing development is expanding.
- Where
- The Dwarka Expressway corridor between Delhi and Gurugram, including Sector 104 in Gurugram.
- When
- Average prices increased from 2019 to H1 2024; Hero Homes launched in November 2018.
- Why
- Improved expressway connectivity, proximity to the airport and business districts, and expanding residential, commercial and social infrastructure increased the corridor’s appeal.
Key facts
- Average price in 2019
- Around ₹5,359 per sq. ft.
- Average price in H1 2024
- More than ₹9,600 per sq. ft.
- Average corridor appreciation
- Nearly 79%
- Hero Homes launch price
- Approximately ₹5,000 per sq. ft. in November 2018
- Hero Homes current price
- Around ₹16,500 per sq. ft., representing more than 230% appreciation
- Airport proximity
- Indira Gandhi International Airport is around 12 km away; Aerocity is around 10 km away
- Potential future drivers
- The India International Convention Centre, Diplomatic Enclave II and an upcoming metro extension
Quotes
Rohit Kishore
CEO of Hero Realty
“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.”
businesstoday.in
Sources
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