Driven by robust infrastructure, excellent connectivity, and a wide spectrum of vital amenities, Dwarka — one of the leading real estate hotspots of Delhi — has become the top choice for property buyers and developers.

Several factors contribute to the growth of Dwarka’s real estate market. For starters, its proximity to the Indira Gandhi International Airport and impending infrastructure projects, such as the Dwarka Expressway, improves its accessibility and appeal. Second, the region benefits from well-planned urban development, which includes broad roads, enough green space, and modern amenities.

“The creation of diplomatic enclaves and commercial hubs is likely to increase demand for both residential and commercial properties. Also, the extension of the Delhi Metro has made the neighbourhood more accessible. Finally, the relatively low property costs compared to other parts of Delhi make it an appealing alternative for both investors and homeowners, suggesting a favourable trajectory in its real estate market. All the above mentioned factors have boosted real estate growth in the area with prices seeing decent appreciation over the years,” informs Santhosh Kumar, Vice Chairman, ANAROCK Group.

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As per ANAROCK Research, the average residential prices in Dwarka have risen by over 28% as on Q1 2024 against those in 2019. The average residential prices at Dwarka in Q1 2024 stood at approx. Rs 11,100 per sq ft while back in the pre-covid period of 2019 they were Rs 8,650 per sq ft.

“If we look back two years ago, in 2022 the average prices at Dwarka stood at approx. Rs 9,850 per sq ft., thereby recording a 13% rise in the last two years,” adds Kumar.

Apart from residential, commercial real estate in Dwarka is also booming. This growth is fueled by the upcoming IT/ITES hubs in Sectors 23, 24, and 25, as well as the expansive India International Convention and Expo Centre (IICC) in Sector 25. IICC, with its 300,000 square meters of convention and exhibition space and integrated metro connectivity, is set to become India’s largest convention and exhibition centre.

“Dwarka’s transformation is due to its exceptional infrastructure, proximity to the international airport, and metro connectivity. The newly-inaugurated Dwarka Expressway, a 27-kilometre, eight-lane expressway, links Dwarka to NH-8 near Manesar in Haryana. This has drastically reduced travel times to key hubs like Gurgaon and the Indira Gandhi International Airport, enhancing Dwarka’s appeal to global investors,” says Manoj Gaur, President-CREDAI NCR and CMD-Gaurs Group.

The rapid development and strategic government initiatives have positioned Dwarka as an international real estate hotspot. “Omaxe, along with other reputed developers, is spearheading projects that promise high returns, making Dwarka a safe and valuable investment proposition. The Omaxe Group is also a proud DDA partner in its effort to transform Dwarka. The region is fast emerging as an international real estate hotspot offering high returns on investments,” says Mohit Goel, MD, Omaxe Group.

Dwarka is well-connected to major parts of Delhi and the National Capital Region (NCR) through an extensive network of roads and the Delhi Metro. Its proximity to the Indira Gandhi International Airport enhances its appeal.

“Dwarka is witnessing significant infrastructure development, including the construction of the Dwarka Expressway, which promises to reduce travel time to Gurgaon and other parts of NCR. Additionally, the proposed Diplomatic Enclave and various commercial hubs are set to boost the area’s attractiveness. Dwarka offers a mix of residential and commercial properties, catering to diverse investor needs. With the ongoing and upcoming infrastructure projects, Dwarka’s economic potential is on the rise. The development of commercial centers and increased business activities are expected to drive property appreciation and rental yields. Investing in Dwarka presents an opportunity to benefit from its growing infrastructure, strategic location, and comprehensive development, making it a promising destination for real estate investments,” says Nayan Raheja of Raheja Developers.

“This sub-city, known for its planned sectors and strategic location, has garnered significant attention from both domestic and international investors, particularly Non-Resident Indians (NRIs). The infrastructural development and connectivity have transformed Dwarka into a lucrative investment,” says Sachin Gawri, Founder and CEO of RISE Infraventures.

The Delhi Development Authority (DDA) has allocated Rs 7900 crore for Dwarka’s infrastructure, heralding a new era of growth. Its notable projects include 4,300 houses under construction, the 200-acre Bharat Vandana Park in Sector 20, featuring replicas of Indian monuments, sky bridges, and water canals, an 18-hole golf course and multiple sports complexes across various sectors and community amenities such as foot over bridges, community halls, and enhanced horticulture and landscape plans.

The development of the Urban Extension Road-II (UER-II) further cements Dwarka’s status as a real estate gem. Spanning 75 kilometres, UER-II will significantly cut travel time to the airport and connect Dwarka seamlessly with other parts of Delhi and NCR.

The development of a new diplomatic enclave in Sector 24, modelled after Chanakyapuri, and the proximity to the IICC and UER-II are key factors driving NRI investments. The region’s cosmopolitan appeal, coupled with its world-class amenities, makes it a top choice for NRIs looking to invest in India’s burgeoning real estate market.

Dwarka’s rise as a real estate hotspot is a testament to its strategic planning and robust infrastructure. For NRIs, the sub-city offers a blend of high returns, safety, and a promising future. As India’s real estate sector continues to grow, Dwarka stands out as a beacon of opportunity, drawing investors from around the globe to its thriving landscape.