Navigating the Real Estate Surge: A Closer Look at Dwarka Expressway's Property Price Hike in 2024
Introduction:
In the Upcoming world of Real estate, Certain locations in Gurgaon as hotspots for property investment. One such area that has been making waves in 2024 is the "Dwarka Expressway". With a noticeable surge in property prices, this region has become a focal point for both investors and homebuyers. Let's explain the details of what makes Dwarka Expressway a magnet for real estate enthusiasts and explore the factors contributing to the price hike.
Location Appeal:
Dwarka Expressway, also known as the Northern Peripheral Road, has steadily evolved into a prime residential and commercial destination. The strategic location of this corridor connecting Delhi and Gurgaon has been a key driver for its popularity. Dwarka Expressway connects Gurgaon's various towns, making a hassle-free riding experience, Proximity to the Indira Gandhi International Airport, and easy access to major highways, making it an attractive choice for those seeking convenience in their daily commutes.
Infrastructure Development:
One of the primary catalysts for the surge in property prices along Dwarka Expressway is the ongoing and planned infrastructure development. The area has witnessed Various improvements in road connectivity, public transport facilities, and the overall urban landscape. Such enhancements not only increase the value of existing properties but also instill confidence in potential investors regarding the future appreciation of their investments.
The entire project, costing ₹7,500 crore was planned in 2006, contract was awarded in 2011. Of the original 18 km project, 14 km were completed by 2016
Residential and Commercial Mix:
Dwarka Expressway is not just a residential hub; it also boasts a well-planned mix of commercial spaces. The presence of corporate offices, shopping complexes, and entertainment centers has contributed to the area's vibrancy. This blend of residential and commercial elements creates a self-sustaining ecosystem, making it an ideal location for those seeking a holistic living experience.
Rising Demand and Limited Supply:
The fundamental economic principle of "supply and demand" plays a crucial role in the real estate market, and Dwarka Expressway is no exception. The increasing demand for quality housing options, combined with limited available land for development, has led to a natural escalation in property prices. As the area gains popularity, developers are keen to capitalize on the rising demand, further contributing to the price surge.
That's what's happening with Dwarka Expressway. Lots of people want to live there because it's becoming super popular (high demand), but there's only so much land to build on (low supply). This makes everything, from apartments to shops, cost more.
And guess what? Builders see this, and they're like, "Hey, people are willing to pay big bucks to live here!"
It's a bit like a snowball rolling down a hill – the more people want to be in Dwarka, the more expensive it gets! This explanation uses relatable and easy-to-understand examples to break down the complex economic concept of supply and demand.
Property rates hikes in Dwarka Expressway:
Prices are on the rise: Property prices on Dwarka Expressway have seen significant increases recently, both in the short and long term. They went up 25% in the last quarter alone, and 50% compared to last year.
Builder floors and land see the biggest jumps: Builder floor prices have nearly doubled in the last 5 years, while land rates have more than tripled in the same timeframe. This highlights the strong demand for both apartments and plots in the area.
Expressway opening and development boost: The opening of the expressway is expected to further fuel price hikes by 30-40%. Additionally, new projects launched by developers are contributing to the upward trend.
Price range:
Property rates vary between 10,000 sq. ft. and 25,000 sq. ft.
Investor Interest:
The real estate boom in Dwarka Expressway has not gone unnoticed by investors. The potential for high returns on investment, coupled with the overall growth prospects of the region, has attracted a considerable influx of investment. The high level of investor activity has been associated with an increase in property prices, and Property prices have continued to rise, partly due to increased investor participation.
Sector to invest near Dwarka Expressway?
The best sector is "Sector - 113 Gurugram" Near Dwarka Expressway for investment as the availability of properties is more for investment opportunities and if we talk about commercial investment then M3M Capital is one of the Best.
Top 5 Residential projects near Dwarka Expressway
1. Signature Global City 37 D
2. Whiteland -103
3. M3M capital -111 phase-2
4. Smart World ONE DXP
5. BPTP -99A
Top 5 Residential projects near Dwarka Expressway
1. Signature Global City 37 D
2. Krisomi Waterfall residences sec-36 A
3. M3M capital -111 Gurgaon
4. Navraj The Antalyas 37 D
5. BPTP Terra 37 D
Top 5 Commercial projects near Dwarka Expressway
1. M3M Capital Walk 113 Gurgaon
2. Emaar business district 114
3. M3M 114 Market
4. Emaar Business District sec-99
5. M3M SCO 84
Conclusion:
Dwarka Expressway's real estate surge in 2024 is a testament to the confluence of strategic location, robust infrastructure development, and the ever-growing demand for quality living and commercial spaces. As the area continues to evolve, it remains a promising destination for both investors and homebuyers alike. While the price hike reflects the increasing value of properties along the expressway, it also underscores the positive trajectory of Dwarka Expressway's real estate market in the years to come.
