The Northern Peripheral Road (NPR) or Dwarka Expressway has been seen to come up as one of the most popular real estate corridors in the Delhi-NCR area.
Being located strategically in between Delhi and Gurgaon, along with having upgraded global infrastructure, this corridor has immense potential in urban development and can thus be called an investment hotspot.
As an investor, homebuyer, or any individual who is looking to make money from a long-term perspective, it is impossible to overlook the combination of connectivity, growth, and other advantages that come with the location.
The Dwarka Expressway is considered to be among the best forthcoming real estate corridors within the NCR region. It has always been overshadowed by issues such as delayed processes of development and land acquisition; however, investors had faith in its future potential as a real estate growth corridor.
Ever since the concept of the location came up, it has always drawn interest from real estate investors in the region of Delhi NCR. Various major real estate developers have completed numerous projects in this corridor until now.
After it is complete, it will serve as an eight-lane expressway connecting Mahipalpur in Delhi to Kherki Daula Toll Plaza in Gurgaon. The corridor is also known as the Northern Peripheral Road (NPR), which encompasses areas like Bijwasan, New Palam Vihar, Kherki Daula Toll, and finally, NH-8, or the Delhi Ajmer Expressway.
For the investors/homebuyers who are interested in the topic, here is a blog for you. In this article, we will try to find out why you should consider investing in Dwarka Expressway. Let us begin.
The connectivity that the expressway provides is one of the main reasons why one must invest in the Dwarka Expressway. The expressway connects Delhi's Dwarka with the prime areas of Gurgaon like NH-8, Cyber City, Udyog Vihar, IGI Airport, and SPR Road.
The travel time will reduce substantially for the expressway and its associated road network due to the success recently achieved by the Dwarka Expressway. Also, access to places like IGI Airport, Gurgaon railway station, and the metro line will be very easy from this location in the future.
The Dwarka Expressway Gurgaon will reduce the travelling time of passengers coming from the western part of Delhi. Because the expressway is parallel to NH8, there is good connectivity from Delhi to Jaipur.
According to the authorities, a diplomatic enclave will be constructed near the Expressway. It will run for a distance of 29 km and will be next to the Special Economic Zone (SEZ) that will be constructed around the Kherki Dhaul area.
It provides a direct link to the Southern Peripheral Road (SPR) or the Golf Course Extension Road via the Central Peripheral Road section. Direct connectivity to Old Gurgaon is made possible through Pataudi Road.
The location of the Dwarka Expressway is very strategically placed because it is located close to the Indira Gandhi International Airport and future IGI Airport expansion projects.
In light of the development of the above-mentioned airport, which will be among the largest airports in the world, the area neighbouring it has begun witnessing substantial inflows of businesses.
The existence of this aviation facility is sure to appreciate land value and provide job and business opportunities, hence creating a need for both commercial and residential properties along the expressway.
Additionally, there are numerous landmarks around this expressway, like the Diplomatic Enclave, Yashobhoomi Convention Center, Dwarka Metro Station, Omaxe International City, Inter-State Bus Terminal, and Bharat Vandana Park.
| Projects | Locations |
|---|---|
| M3M Mansion | Sector 113, Gurgaon |
| Central Park Delphine | Sector 104, Gurgaon |
| M3M Jacob & Co Residences | Sector 111, Gurgaon |
| Adani The Marq | Sector 102A, Gurgaon |
| Elan The Presidential | Sector 106, Gurgaon |
| Godrej Vrikshya | Sector 103 Gurgaon |
| Krisumi Waterfall Residences | Sector 36A Gurgaon |
| Max Estate 360 | Sector 36A Gurgaon |
Recently, it has undergone some modifications in terms of 8 lanes and 16 lanes elevated roads, service roads, underpasses, cloverleafs and green belts.
It is the plan of the government to make the area an extension of New Gurgaon by making it have all the characteristics of smart cities, like environmentally friendly drainage, smart traffic management, wide sidewalks and modern utilities.
In such a way, the meticulous planning ensures sustainable development of the area, which is highly beneficial for both the users and the investors. The availability of good schools, health care units, and parks has made Dwarka Expressway a preferred destination for homebuyers. This is what it has to offer:
| Educational Institute | Healthcare Facilities | Hotels |
|---|---|---|
| Basant Valley School | Aditya Hospital | Aapno Ghar Hotel and Resort |
| Saint Paul’s School | Shri Krishna Hospital | Regency lawns |
| Delhi Public School | Aarvey Superspeciality Hospital | Holiday Inn Gurgaon |
| RPS Public School | Genesis Hospital | Hyatt Regency Gurgaon |
| Bharat Ram Global School | Sri Balaji Multispeciality Hospital | Hotel Elite Oak |
| MDS Public School | Sheetla Multispeciality Hospital | Hotel Gazzle Inn, Gurgaon |
The area around Dwarka Expressway has shown a lot of growth, which is set to increase with the development and completion of the corridor. There has been a rise in demand for the properties of sectors 109, 110, 111, 112, 113, 102, 104 and 106 owing to major housing and commercial projects by the top builders.
With higher integration of the urban areas of the Delhi-Gurgaon region, there will be high ROI, high rental income and stable capital gains to be expected from investments.
From the above information, it becomes clear that there are plenty of residential plots available. More than 1100 plots are being sold on the Expressway in Gurgaon.
It is the appreciation of property rates which has attracted the investor towards Dwarka Expressway, Gurgaon. Apart from this, a number of prominent real estate developers have already started working in this area.
| Projects | Locations |
|---|---|
| M3M Capital Walk | Sector 113, Gurgaon |
| MVN Mall | Sector 37D, Gurgao |
| Elan The Mark | Sector 106, Gurgaon |
| Reach Buzz 114 | Sector 114, Gurgaon |
| M3M 114 Market | Sector 114, Gurgaon |
| Conscient One | Sector 109, Gurgaon |
The places around Dwarka Expressway are cheaper compared to the developed parts of Gurgaon, like Golf Course Road and DLF Cyber City. These places are suitable for people belonging to the lower and middle classes. Below is the list of price ranges for various properties located near the location.
As the Dwarka Expressway is one of the new developments in the region, a good number of residential plots are available in the region. The cost of residential plots ranges from ₹17,000 to ₹25,450 per sq. ft.
Since the Expressway is yet to be completely constructed, the probability of getting large apartments at reasonable prices as compared to other areas of Gurgaon increases.
| Configuration | Price Range | Area |
|---|---|---|
| 1 BHK | Rs 32 Lakh to Rs 3.6 Crore | 330 sq ft - 1,200 sq ft |
| 2 BHK | Rs 48 Lakh to Rs 5 Crore | 630 sq ft - 2400 sq ft |
| 3 BHK | Rs 1.20 crore - Rs 6 Crore | 1100 sq ft - 3500 sq ft |
| 4 BHK | Rs 1.80 crore - Rs 12 Crore | 2000 sq ft - 5600 sq ft |
| 5 BHK | Rs 3.15 crore - Rs 25 Crore | 2500 sq ft – 8000 sq ft |
| Residential Plots | Rs 17,000 per sq ft – Rs 25,450 per sq ft | 1800 sq ft - 3200 sq ft |
| Commercial Plots | Rs 2.10 Crore - Rs 12 Crore | 585 sq ft - 2700 sq ft |
Those who wish to have long-term gains should consider sectors 108, 111, and 109. Sector 108, as many investors are trying to buy a flat in Sector 108, while buyers try to buy a flat in Sector 111.
However, despite the lack of uniformity in terms of the development and availability of the physical infrastructure on the route. The Expressway remains favoured among property developers and buyers alike.
In terms of long-term considerations, the growth corridor of Dwarka Expressway, Gurgaon, is evident as compared to the city of Delhi and even Gurgaon. It is evident from the fact that there are more than 150 projects in the vicinity of the Expressway.
The percentages of residential properties present in the Expressway show that 3BHK residential apartments form 50 percent of the vacant residential property, followed by 2BHK and 4BHK apartments.
If you are an investor or a home buyer, then Dwarka Expressway can be a perfect address for you. Although this is not an expressway, you can still call it the most promising real estate corridor in NCR.
The reason for choosing this particular location is proximity to Delhi and IGI Airport, along with the involvement of renowned developers and rapidly developing infrastructure, which makes this location an ideal place to invest. Plus, the location is well-connected to all landmarks in Delhi-NCR. Thus, reaching any place becomes easy in minutes.
In recent years, this corridor has gained a lot of appreciation among investors and end-users. In this area, the average price per sq. ft ranges from 14,000 to 20,000 per sq. ft. The reasons behind the appreciation are simple government policies, development of infrastructure, easy connectivity, and the presence of renowned developers in India.
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