Tag: Dwarka Expressway

News

Dwarka Expressway : Driving Real Estate Growth in NCR

Dec 24, 2024 by Mansi Praharaj 0 Comments #Dwarka Expressway, #Mr. Sudeep Bhatt

Delhi NCR: Dwarka Expressway, also known as the Northern Peripheral Road has emerged as one of the most promising real estate corridors in the National Capital Region (NCR). Spanning approximately over 29 kilometers, this eight-lane expressway connects Dwarka in Delhi to Gurugram and provides seamless access to Indira Gandhi International Airport. Once a relatively underdeveloped area, the region surrounding Dwarka Expressway has transformed into a vibrant hub of real estate activities, driven by strategic infrastructure development, robust connectivity, and rising demand for high-quality residential and commercial spaces.

The expressway has positioned itself as a preferred destination for investors and homebuyers alike, with significant property price appreciation and the emergence of premium residential projects. Insights from the ANAROCK Micro Market Overview Report reveal that Dwarka Expressway has consistently outperformed other micro-markets in Gurugram, with an average price appreciation of 80% over the last five years. The report further highlights a marked increase in the supply of luxury projects along the expressway, with a focus on sustainable construction and green building certifications. These developments cater to the evolving preferences of buyers, who seek modern amenities, larger living spaces, and proximity to social infrastructure.

“Dwarka Expressway is more than just an infrastructural project-it is a gateway to a new era of real estate development in NCR. The region has rapidly evolved into a dynamic ecosystem, offering unparalleled connectivity, world-class amenities, and exceptional investment Opportunities. Dwarka Expressway is setting new benchmarks for luxury living in NCR. The emphasis on creating sustainable, integrated communities ensures that this region will continue to thrive as a top real estate destination. We have signed an agreement with Marriott International Inc. to bring Westin Residences to Gurugram. The Westin Residences Gurugram is poised to be the largest branded residences and the first standalone residential property under the Westin brand, without an on – site hotel. With the Westin Residences Gurugram, we will also bring the highest standards of wellness, personalized services, and global amenities directly to our homeowners. This evolution will not just be about offering a stellar customer experience, it’s about offering an enhanced quality of life where residents will be able to enjoy the comforts and convenience of a resort-like environment in their own homes. By collaborating the esteemed hospitality brands like Marriott International, the real estate sector in India can cater to the discerning tastes of global citizens, making the country a preferred destination for premium investments.” said Mr. Sudeep Bhatt, Director Strategy, Whiteland Corporation.

Strategic Connectivity and Infrastructure Development

The strategic location of Dwarka Expressway has been a key driver of its growth. It provides direct connectivity to Delhi, Gurugram, and other prominent NCR regions, reducing travel time and improving accessibility. Major infrastructural developments, including the completion of the expressway and the development of adjoining areas have enhanced its appeal among developers and buyers.

“Investing in Dwarka Expressway is no longer a speculative venture, but rather it is a calculated move backed by consistent growth and infrastructure development. For discerning investors, it offers a rare combination of steady appreciation and modern amenities. Dwarka Expressway’s evolution reflects the changing dynamics of NCR’s real estate market. It has all the ingredients for long-term success, strategic connectivity, robust infrastructure, and a forward-looking development approach,” remarks Mr. Harinder Dhillon, Senior Vice President Sales, BPTP.

The JLL India Real Estate Market Outlook Report highlights that the completion of Dwarka Expressway is expected to decongest key arterial roads like NH48 and boost real estate demand along its stretch. This strategic corridor also connects seamlessly to prominent employment hubs, retail centers, and educational institutions, making it a highly desirable location for both end-users and investors.

“Dwarka Expressway’s connectivity to major business districts and its proximity to Delhi give it a distinct advantage over other micro-markets. It offers the perfect blend of convenience and luxury, attracting a diverse range of homebuyers,” notes Mr. Robin Pahuja, Co-Founder and Director of ElitePro Infra.

Property Price Appreciation and Investment Potential

The real estate market along Dwarka Expressway has witnessed impressive growth in property prices. According to a report by Savills India, property prices along the expressway have appreciated by 53% over the last three years, with certain luxury projects recording even higher returns. This surge has been fuelled by increasing demand from High-Net-Worth Individuals (HNIs) and Non-Resident Indians (NRIs) seeking premium living spaces with long-term growth potential.

Madhur Gupta, CEO, Hero Realty Pvt Ltd. said, “The region’s robust infrastructure development, featuring world-class amenities and transportation networks, has established it as a highly sought-after real estate destination. The Dwarka Expressway has seen a 79% price surge over the last five years, highlighting its exceptional investment potential. The growing demand for high-end residential and commercial spaces in the NCR has driven up property values, rendering the Dwarka Expressway a lucrative investment opportunity for both investors and end users

A focused analysis from Knight Frank Residential Investment Advisory Report predicts that Dwarka Expressway will remain a high growth corridor over the next decade, driven by sustained demand, infrastructure enhancements, and its strategic location. The report underscores that the expressway is well-positioned to witness sustained growth due to its strategic location and strong fundamentals. The report identifies itself as one of the top five micro-markets in India with the highest potential for long-term price appreciation.

A Hub for Premium Real Estate Projects

The region has seen a rise of several premium residential and commercial projects, with leading developers launching properties that cater to the growing demand for luxurious, eco-friendly, and future-ready homes. Developers have introduced a mix of high-rise apartments, gated communities, and commercial spaces, offering options across price segments.

Future Growth Prospects

The future of Dwarka Expressway’s real estate market looks exceptionally promising. As per the JLL India Report, ongoing infrastructure projects such as metro expansions and commercial developments will further enhance the region’s connectivity and attractiveness. Additionally, the increasing interest from multinational corporations in establishing offices along the corridor is expected to fuel demand for residential spaces.

Dwarka Expressway has emerged as a symbol of Gurugram’s real estate resurgence, offering unparalleled opportunities for both investors and end-users. Its strategic location, rising property values, and focus on premium developments have positioned it as a leading micro-market in NCR. With the combined momentum of government initiatives, private investment, and robust demand, Dwarka Expressway is poised to remain a beacon of growth and innovation in the Indian real estate landscape.

News

Southern Peripheral Road: The Heart of Gurugram

May 24, 2024 by Sujata Muguda 0 Comments #Ankit Gupta, #Ashwani Kumar, #Badshahpur Chowk, #Central Peripheral Road, #Dwarka Expressway, #NCR, #Pyramid Infratech, #Ravi Aggarwal, #Reach Group, #Signature Global (India) Limited, #Southern Peripheral Road, #SPR, #The Heart of Gurugram, #Vatika Chowk

The Southern Peripheral Road (SPR) has emerged as one of Gurugram’s most pivotal real estate corridors, playing a crucial role in the city’s urban and economic expansion. Spanning from the Gurgaon-Faridabad Road near Sector 58 to its connection with NH-48 near Sector 74A, and intersecting Sohna Road at Badshahpur Chowk, SPR is more than just a transportation link—it is the lifeline that integrates various parts of the city.

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SPR’s strategic location and extensive reach make it a vital artery for Gurugram. This evolving corridor in South Gurgaon amalgamates several developed and developing sectors, addressing the city’s residential, commercial, and industrial demands. It serves as a seamless connection between key areas, enhancing accessibility and fostering economic growth. The infrastructure improvements, including the elevated SPR and the cloverleaf at Vatika Chowk, ensure that traffic flows smoothly between the Sohna elevated road, the Dwarka Expressway, the Delhi-Mumbai Expressway, and NH-48, thanks to controlled access for traffic movement.

Ravi Aggarwal, Co-founder & Managing Director, of Signature Global (India) Limited said, “The Southern Peripheral Road (SPR) is undergoing significant new developments, including the elevated SPR and the cloverleaf at Vatika Chowk. These enhancements will ensure smooth traffic flow from the Sohna elevated road and SPR to the Dwarka Expressway, the Delhi-Mumbai Expressway, and NH48, thanks to the entire loop having controlled access for traffic movement. Additionally, the upcoming jungle safari further enhances the investment appeal of this location.

SPR well positioned as the heart of Gurugram, an upcoming metro station planned in 72 A, and various multinational brands across the segments are setting their office space or retail centers in the location indicating its potential. Besides, a proposed metro line running along SPR from Sector 55/56 to Vatika Chowk, featuring five new metro stations at Sector 56, Sushant Lok, Sushant Lok Phase-3, Rosewood City, and Vatika Chowk, also contributes to making this an ideal investment destination.

Property prices are expected to surge around SPR, with sectors in close proximity such as 71, 72, 75, and 76 experiencing the highest appeal among homebuyers and investors.

More than just a transportation link, SPR is the backbone of Gurugram’s urban expansion. The corridor’s development showcases strategic urban planning, meeting the city’s growing demand for integrated living and working spaces. The ongoing projects and infrastructural enhancements are poised to make SPR a central hub for Gurugram’s economic growth.

Investing in SPR today is like tapping into Gurugram’s future. The corridor’s blend of residential, commercial, and industrial spaces ensures continuous demand and rising property values. With the government’s strong push for infrastructure and connectivity, SPR is set to become one of the most coveted real estate destinations in the NCR region.

Ankit Gupta, Director, Reach Group said, “The rapid growth in the real estate market has redefined luxury in Gurgaon over the last few years. The rising demand for luxury projects has also upsurged the commercial segment in the region. Amidst this demand, the Southern Peripheral Road in Gurgaon has witnessed a boost in development activity, presenting a wealth of investment opportunities across various real estate market segments. Additionally, with major companies like American Express, Air India, Pepsi, and Tata Realty investing in the area and establishing new campuses, the significance of SPR as a thriving hub for businesses continues to grow. The strategic connectivity of SPR to key infrastructure corridors like the Dwarka Expressway and the Central Peripheral Road (CPR) further enhances its appeal, facilitating seamless transportation and accessibility for residents and businesses alike.”

Ashwani Kumar, Pyramid Infratech says “The increasing demand for luxury housing in Gurugram is strengthening the market segment, enabling developers to curate high-end projects and transform the region into a highly desirable residential destination. In addition, the adjacent sectors along the SPR are gaining prominence, with residential projects boasting the finest amenities. The evolving sectors on the SPR corridor are witnessing increased traction from end-users and investors both seeking luxury projects. Sector 71, located along the SPR corridor, is becoming a popular choice among homebuyers due to its planned and proposed infrastructure, great connectivity, and luxurious surroundings. We have a project coming up on sec-71 which is an exquisitely designed luxury space set to provide an exceptional living experience, unparalleled comfort, and a great investment opportunity.”

Business

Real Estate Expert Views on Dwarka Expressway Inauguration – Krisumi Corporation & Anant Raj Limited

Mar 12, 2024 by Mansi Praharaj 0 Comments #Anant Raj Limited, #Dwarka Expressway, #Krisumi Corporation, #real estate

Mr. Mohit Jain, Managing Director, Krisumi Corporation

Major infrastructure projects act as a catalyst for the economy. This is the reason the government prioritizes such developments. Real estate as a sector immensely benefits on improved connectivity.

The Gurugram stretch of the Dwarka Expressway is expected to generate a similar positive impact. We anticipate continued robust demand for various types of properties in Gurugram, particularly near the expressway, for the next few years. This growth will likely encompass both residential and commercial sectors. The luxury housing market is also expected to perform well.

With a significant decline in unsold inventory Gurugram’s real estate market has displayed strong demand in recent years, with. A report by a leading consultant shows a remarkable 27% decrease in unsold housing units in Gurugram during 2023 alone. Looking ahead, the anticipated high demand fueled by the Dwarka Expressway opening is likely to lead to a further reduction in unsold properties. We can expect a surge in new launches, including both residential and commercial projects. In fact, we see a huge possibility of Dwarka Expressway emerging as a major hub for both residential and commercial development not just in Gurugram, but in the entire NCR region.

Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited

The Delhi-Gurugram has seen tremendous growth after completion of Jaipur Expressway and became a major hub of economic and infrastructure activities. Similarly, completion of Dwarka Expressway is poised to be a transformative event, particularly in the National Capital Region (NCR), with Gurugram set to experience significant benefits. This new expressway promises to alleviate congestion on the Delhi-Gurugram stretch, offering another corridor of growth to Delhi and Gurugram.

From a real estate perspective, the completion of the Dwarka Expressway will benefit the numerous homebuyers who have invested in properties in this region. Additionally, this milestone will unlock numerous land parcels for development, presenting fresh opportunities for both Residential and Commercial Projects. Given the already robust demand for properties in Gurugram, the expressway’s completion is expected to further stimulate the market, driving up demand and potentially boosting demand of Commercial Real Estate.

The overall impact is anticipated to be highly positive, not only for the real estate sector but also for the broader urbanization efforts in Delhi & Gurugram. With improved connectivity and accessibility, the expressway is likely to catalyze further growth and development, setting the stage for a more vibrant and dynamic urban landscape in the region.

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Business World

Residential transaction in Gurugram increases by 10%

Apr 25, 2021 by Neel Achary 0 Comments #Dwarka Expressway

Rapid growth of the Dwarka Expressway, increased availability of RTM homes, and the involvement of reputable builders boosted inquiries

According to a recent study by 99acres.com, residential transactions in Gurugram increased by more than 10% due to spillover demand from the previous quarter and developers’ flexible payment schemes. Due to the limited number of new home buyers in the market, residential enquiries in Gurgaon fell by about 15% QoQ in January-March 2021.

“Gurugram has a high job potential, based on its consistently improving ranking because both the service and manufacturing sectors are thriving. Many reputable builders and developers are bringing groundbreaking residential and commercial projects to this area. There are developments where buyers can enjoy green acres away from the pollution of the area,” says Pawan Sharma, Director, Value Homz.

According to the Proptiger.com data, the city saw the launch of 448 units in Rs 3-5 crore, nine units above Rs 7 crore, and 300 launches in Rs 1-3 crore. In 2020, Gurugram was the only city among the trio cities of NCR (Gurugram, Noida, Greater Noida), which has launched projects in Rs 3-5 crore and above Rs 7 crore. The data also revealed that maximum launches in the last four years were in Rs 1-3 crore with Gurugram having 5992 units, which is way higher than other areas of NCR.

“South Gurugram’s bright future is assured by its expanding infrastructure and proximity to major corporations. South Gurugram would be the most desired address for millennial homebuyers looking for luxury flats in Gurugram, as it ranks high on several primary livability index parameters. South Gurugram is, of course, an appealing choice for people who want to enjoy the facilities of a modern city without being subjected to the city’s cacophony,” says Pradeep Aggarwal, Founder & Chairman, Signature Global Group and Chairman, ASSOCHAM- National Council on Real Estate, Housing and Urban Development.

The rapid growth of the Dwarka Expressway, increased availability of ready houses, and the involvement of reputable builders, according to 99acres.com, boosted inquiries in residential Sectors 102-115 along the stretch. Housing plots were also in demand, but resale homes priced between Rs 1 crore and Rs 1.5 crore drew nearly 60% of the demand in Gurugram.

“The majority of buyers in this sector choose a two-bedroom setup, which accounts for more than half of all sales. Dwarka Expressway is also close to the current Gurugram-Manesar-Bawal Metro Project and the Delhi-Alwar Regional Rapid Transit System (RRTS). This is the lifeline for those who live in Dwarka and work in Gurugran. Developers have invested over Rs 60,000 crore in residential and commercial projects along the 150-meter-wide expressway. The Dwarka Expressway’s construction has been a boon to the real estate sector, facilitating the Gurugram area’s long-term growth. The completion of the stretch would reduce travel time between New Delhi and Haryana while also providing world-class opportunities for the region’s expected commercial and urban growth,” says Nagaraju Routhu, CEO, Hero Realty.

The 99acres report says, Because of the news about the removal of the Khekri Daula Toll Plaza, ample residential options, and proximity to the Southern Peripheral Road and NH-8, New Gurgaon and Golf Course Road Extension remained prominent. Residential apartments in the areas were marketed at around Rs 7,000-11,000 per sq ft on average. “In this region, property prices have steadily increased. For example, the prices of newly launched projects were around Rs 2275 in 2010, but currently, prices are hovering around Rs 6,500. Prices will certainly increase as the area’s infrastructure improves; it’s difficult to estimate, but historical data provides a clear indicator of the future,” adds Vikas Garg, Deputy Managing Director, MRG World.

By Rajat Goel, Joint MD, MRG World
Business World

Gurugram’s Sector 106: New Address of Affordable Homes

Apr 13, 2021 by Neel Achary 0 Comments #Dwarka Expressway

By Rajat Goel, Joint MD, MRG World

Situated on Dwarka Expressway, Sector 106 is an upcoming sector that largely encompasses under-construction apartment projects by reputed developers. Centrally located, it is well connected to NH 8 and IGI Airport. At present, sector 106 of Dwarka Expressway is a low-density population area. Rated highly on environment, commuting & places of interest, this sector has all the basic amenities like hospitals, schools, colleges and markets are available nearby. Sector 103, 105, 109 and Babupur Village, closely surround the sector.

Almost 45% sale in this sector takes place in the price range of ₹80Lac – ₹1.8Cr, and around 50% sale is for the 3 BHK units. The average price of apartments is around ₹6500.

After the pandemic, the demand for affordable went up as even fence-sitters entered the market to buy homes. The lockdown turned out to be a blessing in disguise for real estate, especially the affordable housing segment; and this sector that has majority of the units in upper middle-class segment is now witnessing projects in the affordable segment. The sector is turning out to be a perfect location for affordable homes as the buyers of affordable units look for places that do not make them face commutation problem. This sector has smooth connectivity to IGI Airport and Delhi border; it has a transport system with the ebus, cab, auto, metro & Gurgaon Railway station. Directly connected to Dwarka Expressway, this sector has prominent schools and reputed hospitals within the circle. More robust developments are going to take place soon.

Catering to the affordable housing segment, developers ensure that they live up to expectations of the middle class to move into their abodes as soon as possible. It is important to know the buyer’s pulse, especially, when catering to affordable housing; the realtors have understood the difficulties a middle-class family faces in affording EMI and rents simultaneously in case of the delayed project scenario. The resolve of the developers to stick to affordable housing got attestation from the reality that the demand for affordable went up when the global pandemic hit everyone hard. There are plans for affordable projects in this sector, and developers on this stretch are ensuring that the cost of units and the location remains within reach of the target buyers.

Mr. Amit Thakran, Director, Value Homz
Business World

NCR market registers a rise in demand and variety of luxury homes

Mar 31, 2021 by Neel Achary 0 Comments #and New Gurugram, #Director, #Dwarka Expressway, #Manesar, #Mr. Amit Thakran, #Sohna Road, #Value Homz

By Mr. Amit Thakran, Director, Value Homz

The luxury continues to redefine itself with changing times; the definition depends on the prevalent social ecosystem. Similar is the case now when a global pandemic continues to loom and dominate our lifestyle choices, buyers of luxury spaces the UHNI and HNI are seeking homes that provide sustainable luxury and a promise of wellness and security. Be-spoke experiences, multi-functional spaces, integrated home technology systems have come to be classified as mandatory requisites from luxury buyers. These buyers are now more conscious about entering into an agreement with reputed brands to have complete assurance of their investments made.

One of the country’s major real estate markets – Delhi-NCR, has witnessed distinguished luxury realtors constantly looking to upsize their offerings due to the pent up demand and low home loan interest rates.  This has led to never seen before variety in the kinds of homes available for buyers-from modern villas, penthouses to townhouses and bespoke apartments. As per recent research by Anarock, the NCR market in 2020 saw luxury housing sales better than 2019; 23,220 units were sold in which the luxury segment had a percentage of 4%, while in 2019, this was close to 3% of 46,910 units sold. This conveys a ray of positivity for the luxury developers.

The same report also highlighted that Gurugram in NCR had seen maximum housing sales and launches in 2020. This trend can be attributed to the fact that the city has one of the largest numbers of white-collar workers, with a homogeneous mix of industries. Adding on to it, development of new areas and improved infrastructure like Sohna Road, Dwarka Expressway, Manesar, and New Gurugram have also played a vital role in attracting the big names of the real estate market to come and construct their unique edifices here.

These newly developed areas on the peripheries have also proven to be a lucrative choice for the buyers and investors due to the availability of untapped resources, far from the clutter of the dense city. The lifestyle and quality of homes promised here in the luxury segment are becoming the selling points. In order to continue this positive trend of sales, circle rates in Delhi NCR should be rationalized as market prices are 30-40% lower than the circle rates. NCR Developers and the real estate associations have also written to the Government for reducing stamp duty like states of Maharashtra and Karnataka have done.

If a measure like stamp duty reduction is introduced for the Delhi NCR market, regions like Gurugram will bring significant growth in the overall economy, where demand for luxury housing is at an all time high and ample availability of luxury inventory already exists.