Dwarka Expressway: A hotspot for premium housing projects in Delhi-NCR
With the Gurugram section of Dwarka Expressway having been recently inaugurated by PM Narendra Modi and theHaryana Government greenlighting a project worth Rs 99.5crore to construct eway service roads on both sides of the Dwarka Expressway, the region is likely to witness a beeline of residential as well as commercial investments by topline developers and property buyers.
According to JLL, the Dwarka Expressway-New Gurgaon cluster has become the new hotspot for premium launches in Delhi NCR. In 2023, a total of 11,270 housing units were launched in this submarket, which was 69% of the overall launches in Gurugram, while 12,409 residential units, with a sales value of ~INR 25000 crore, were sold in this submarket.
The 9,000-crore Dwarka Expressway has been one of the most ambitious yet delayed projects which is being helmed in four packages —two in Delhi, and two in Gurugram, connecting Dwarka in Delhi to Kherki Daula in Gurugram. With time, especially the last five-six years in particular, the region has undergone immense development in terms of colossal investments by Grade-A developers, delivering diverse property offerings such as high-rise societies, gated communities, independent floors, and affordable residentials.
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Post-pandemic, luxury residences are selling like hotcakes. Despite the price rise, luxury demand has continued to remain stable nonetheless. The idea of luxury home ownership has swept the minds of young and ambitious homebuyers. It is not only seen as a status symbol or a yardstick of a lifestyle upgrade. In fact, luxury homes are also seen as a chief investment that will bring long-term appreciation returns. Luxury homes
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