Dwarka Expressway’s inauguration navigates real estate growth

Prime Minister Narendra Modi recently inaugurated the much-awaited stretch of Dwarka Expressway in Gurugram, marking the opening of the expressway for the general public. The stretch, developed from Dwarka, Delhi, to Kherki Daula Toll Plaza, Gurugram, Haryana, is 29 km long, divided into a total of 16 lanes, out of which 8 lanes are elevated, while 8 are service roads. 

The stretch has been developed to ease the traffic on the Delhi-Gurugram Expressway and aims to elevate the lifestyle of the residents in the vicinity. This development not only facilitates smoother commuting between Delhi and Gurugram but also stimulates economic growth by providing convenient access to commercial hubs, such as Asia's largest convention centre, Yashobhoomi.

According to Mohit Goel, MD, Omaxe Group, the opening of the Dwarka Expressway has marked a significant turning point in the real estate development and future possibilities of the region. 

"The Expressway, beginning from Dwarka, Delhi, has not only elevated the scope of commercial real estate development in the city but has also eased its access from Gurugram and other adjoining areas. This has also enhanced access to Yashobhoomi, Asia’a biggest convention centre, elevating the region’s economy. The stretch has become a prominent choice for those looking to invest in both commercial or residential real estate in NCR and has been promising remarkable returns on investment. It has also eased the commute to the Indira Gandhi International Airport and various other significant spots and hubs along the development,” Goel said.

According to Rohit Mohan, Senior VP, BPTP Group, the Dwarka Expressway is poised to revolutionise the real estate industry by significantly reducing travel time between Delhi and Gurugram. 

"As a result, property prices are on the rise, fueled by increasing demand for both residential and commercial properties. This presents a lucrative opportunity for investment, with Sector 37D emerging as a particularly promising location. Its strategic positioning along the bustling Dwarka Expressway makes it highly attractive to prospective buyers and investors alike. With improved connectivity and accessibility, coupled with the anticipation of future development projects, Sector 37D is witnessing a surge in interest. As the demand for properties in this area continues to soar, it offers the potential for substantial returns on investment. For individuals seeking to capitalise on the burgeoning real estate market in Gurugram, investing in Sector 37D presents a compelling opportunity for long-term growth and profitability,” Mohan added. 

Echoing the same sentiments, Amit Gupta, Director, Orris Group, said - “Dwarka Expressway’s opening is a welcome move for Gurugram’s real estate, as the development has made a huge impact on the region’s growth among investors. The convenient access that it has brought to the prospective buyers of the region has increased the flow of both developers and buyers to Gurugram, with numerous sectors along the stretch benefitting from it. The stretch has also elevated connectivity to significant corridors, including the proposed Delhi-Jaipur Super Expressway, IGI Airport, and more, making it a location worth investing in.”

Saurabh Shankar, VP- Sales, AIPL, too feels that the opening of the Dwarka Expressway is going to be a turning point for the region's real estate development and prospects. 

"It will add to the popularity not only of the Dwarka Expressway region but also boost Gurugram's real estate sector. Coupled with the recent approval granted to the Gurugram metro rail project and the Haryana government's vision for a sprawling residential and commercial hub along this eight-lane expressway, the Dwarka Expressway has emerged as a lifestyle destination. It promises lucrative returns especially on projects by Grade A developers such as AIPL’s Joy District at sector 88, both for self-use and as an investment proposition,” Shankar said. 

The opening of the Expressway has marked a pivotal moment in the development and connectivity of the National Capital Region (NCR). With its strategic positioning and extensive infrastructure, this expressway promises to navigate the region's real estate landscape towards growth and elevate residents' standards of living.