Dwarka Expressway: A Good Spot to Buy Property?
The Dwarka Expressway is fast turning into a prime spot for real estate in the Delhi area. The Prime Minister opened the Delhi section in August, and now it's easier to get between Delhi and Gurugram using this 29-kilometer road. This has brought big changes to the local property market.
Let's Talk Route
The Dwarka Expressway is 29 kilometers long and has eight lanes. This road has tunnels, overpasses, and cloverleaf junctions to keep things moving. It's divided into two sections:
1. Delhi Section (10.1 km): This part runs from Shiv Murti intersection to the Delhi-Haryana border.
2. Haryana Section (19 km): The Haryana section (19 km) runs from the Delhi border to Kherki Daula.
This route provides easy access to Indira Gandhi International Airport, the Delhi Metro's Blue and Orange lines, the future Bijwasan railway station, and major business hubs in the National Capital Region. Now, getting from Delhi to Gurgaon is much faster, which is good for residents and investors alike.
Apartment Options
Apartment prices along the Dwarka Expressway have jumped quite a bit. Back in 2023, they were around ₹9,718 per sq ft, but now they're about ₹18,668 per sq ft. You've got some fancy choices:
1. M3M Mansion (Sector 113): Apartments with 2-5 bedrooms.
2. Smartworld One DXP (Sector 113): Units with 2-4 bedrooms.
3. Godrej Vrikshya (Sector 103): Units with 3-4 bedrooms.
4. Sobha City: A full-on township with 4-bedroom units and more.
Most properties available are apartments. The prices can be anywhere from ₹21.01 lakh to over ₹15 crore, so there's something for different budgets.
The Good Stuff About Investing Here
Investing in property on the Dwarka Expressway has some perks:
1. Great Infrastructure: The expressway's got a good design with its underpasses and overpasses. Getting to the Yashobhoomi convention center is straightforward, and they're planning even more metro lines and train stations to make it even easier.
2. Government Support: Being part of the Delhi-Mumbai Industrial Corridor (DMIC) and the future Global City Project supports the economy and growth. A Diplomatic Area is also in the works, adding to the area's importance.
How the Market's Doing:
Property prices keep going up. Prices went up 36% last year and haven't stopped. The average price is about ₹13,867 per sq ft, so the market seems strong.
What's Coming in 2025
The Dwarka Expressway might be a good place to invest in property in 2025.
1. Rental Income: There's a high demand for rentals here, meaning good potential income for you. Being close to job centers makes it attractive for professionals.
2. What’s Next for Growth: Expect new metro lines and a tunnel stretching from Shiv Murti. With more coming down the line, property values should stay strong.
The Market Now:
Major developers are really building, and that confidence seems to be rubbing off on buyers.
1. Great Location: Being near the expressway is a big plus:
2. Airport: You can get to IGI Airport super quick.
3. Business: It's close to Cyber City, Millennium City, and all the businesses in Delhi.
4. The Future: Expect more extensions and metro lines.
In short:
Dwarka Expressway has become a popular place for real estate.
It has good infrastructure, nice homes, and good investment opportunities. Prices are going up, and the government keeps supporting the area, so it might be a great choice for living and investments.
If you want a fancy apartment or are thinking about investing in property here, now might be the time to do it. If you're thinking about buying property, this area is a good choice. It has reliable transportation, nice homes, and lots of interested buyers.