Land has become gold in these areas of Delhi-NCR, property rates have doubled, will rise further

News, Digital Desk- (Delhi-NCR) Dwarka Expressway has become a major real estate hotspot connecting Delhi and Gurugram. 

According to a report by PropEquity, prices offered for residential units in the area have almost doubled to ₹18,668 per sq ft in the last five years, indicating strong demand. Better amenities, excellent connectivity and growing commercial activities make it an attractive investment destination in Delhi-NCR. 

This many residential units during 2010-2024-

PropEquity, which analyses real estate data, said a total of 42,816 residential units were launched in Dwarka Expressway during 2010-2024, while 41,899 units were sold during this period. 

The price fixed at the time of launch of the project has increased by 397 per cent during this period. It rose from an average rate of Rs 3,753 per sq ft in 2010 to Rs 18,668 per sq ft in 2024.

Emerged as the special choice of investors-

Especially in the last five years, the Dwarka Expressway area has emerged as a special choice of investors. The offer price in 2020 was Rs 9,434 per square foot, which almost doubled to Rs 18,668 per square foot in 2024. 

Sameer Jasuja, Founder and Chief Executive Officer (CEO) of PropEquity, said, Dwarka Expressway has emerged as the main market in the National Capital Region.

Dwarka Expressway has become a major hotspot for investors in the last five years. According to a report, the area has emerged as a prime market in the National Capital Region. 

Its offer price was ₹9,434 per sq ft in 2020, which is expected to almost double to ₹18,668 per sq ft by 2024, indicating growing interest in investing in the area.

More than 18,000 units are expected to be launched on Dwarka Expressway between 2025 and 2030. Given the rising prices, it has also become an attractive destination for investment. NSE-listed PE Analytics Ltd owns and operates PropEquity. It is the country's leading real estate data and analytics platform.

Retail spaces, corporate offices are being built-

Sectors 109, 111, 113, 106, 103, 84, 85 and 115 near the expressway are rapidly developing. Gated societies, luxury apartments, villas and mixed-use development projects have been built here. 

Along with this, commercial segments like high street markets, retail spaces and corporate office hubs are also developing rapidly.