Dwarka expressway is shaping up to be one of the most attractive real estate destinations with world-class infrastructure, excellent connectivity, growing commercial activity and rapid price appreciation.
According to a report by real estate data analytics firm PropEquity, 42,816 units have been launched in Dwarka Expressway between 2010-2024. The number of units sold during this period stood at 41,899 units.
During this period, the weighted average price of new launches rose by 397% from Rs 3,753 per sq. ft. in 2010 to Rs 18,668 per sq. ft. in 2024.
Between 2020-24, 15,994 units were launched, between 2015-19, 4,234 units were launched, while during 2010-14, 22,588 units were launched.
The weighted average price of new launches rose from Rs 3,753 per sq. ft. in 2010 to Rs 6,238 per sq. ft. in 2015 to Rs 9,434 per sq. ft. in 2020 to Rs 18,668 per sq. ft. In 2024.
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PropEquity tracks real estate projects in 44 cities in India with more than 18 years of catalogued data.
Samir Jasuja, Founder and CEO, PropEquity said, “Between 2025 and 2030, over 18,000 units are expected to be launched and over 15,500 units are expected to be absorbed in Dwarka expressway reinforcing sustained future demand. The steady price growth highlights the corridor’s lucrative investment destination. 4BHK apartments dominate the market in the last five years in price range of Rs 4.8 crore to Rs 8.6 crore.”
“Developers launched fewer projects during 2015-19. Even though a part of the expressway was operational, the project was entangled in multiple issues. The real estate sector too was witnessing some decline towards the fag end of this period.”
Dwarka Expressway has emerged as a key market in NCR with its share in total launches in Gurugram rising.
Between 2020-24, Dwarka Expressway accounted for 23% of the total supply in Gurugram, rising marginally from 21% between 2015-19.
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According to the report, most housing supplies in the last five years (2020-2024) in Dwarka expressway came in Sectors 113, 37D, 106, 111 and 103 accounting for 74% of the total supply in Dwarka expressway.