Dwarka Expressway – A High Investment Bet?

Despite market volatility and other challenges, numerous real estate hotspots, such as the Dwarka Expressway, across the nation are experiencing consistent development. Every industry has seen a downward slide since the pandemic, including real estate. However, real estate investments, on the other hand, are now the most profitable choice, given that the graph is rising. Certain locations in the country are poised to experience future residential and commercial expansion combined with significant price increases. As a result, they provide fantastic investment potential in the current market.

Let’s take a closer look at the Dwarka Expressway – an upcoming real estate hub in the country, making all the right noises in recent times.

Dwarka Expressway – An Overview

According to numerous studies and reports, the Dwarka Expressway is one of India’s real estate micro-markets with the fastest growth rates. India’s first elevated urban expressway, the Dwarka Expressway, continues to be a coveted residential hub for buyers in the Delhi-NCR. It is strategically located at the crossroads between Gurgaon and New Delhi. The estimated construction cost for the Dwarka Expressway is Rs. 9,000 crore.

In addition to experiencing a rapid increase in residential growth, the Dwarka Expressway is also becoming an important centre for commercial real estate. Several IT and ITeS hubs are coming up across areas such as Sectors 89, 114, and 113, among other sectors. In 2018-2019, the average property prices for Dwarka Expressway flats increased by 2-3% approximately. However, the Dwarka Expressway projects saw the highest growth in capital values for completed and under-construction projects in 2022, with 12% Y-O-Y (year on year).

Lately, real estate prices along the Dwarka Expressway stretch have remained steady. There is a wide range of real estate projects here to choose from as far as homebuyers are concerned. Several possibilities in the range of Rs. 5-10,000 per sq. ft. price range, as well as a variety of projects in the mid-range and lower-priced segments and a few slightly more expensive options. Note-worthy projects along the Dwarka Expressway Gurgaon include Hero Homes Gurgaon, Shapoorji Pallonji Joyville Phase 2, Experion The Heart Song, M3M Woodshire, Signature Global City, and Godrej Meridien. The Dwarka Expressway projects promise opulent living with an array of amenities and services for residents.  

The popularity of this 29-kilometre stretch, or the Northern Peripheral Road (NPR), as it is known, has only gone up by leaps and bounds. It is a lucrative real estate investment for prospective homebuyers and companies due to its proximity to the National Capital and Gurgaon.

Route of Dwarka Expressway 

The 29 km Dwarka Expressway project is laid out in a way that has 18.9 km in Gurgaon and the rest 10.1 km in Delhi. A minimum three-lane service road will be provided on both sides of the 16-lane access-controlled roadway. The Dwarka Expressway (NH-8) commences at Shiv-Murti and runs through Dwarka Sector 21, the Gurugram border, and Basai before ending near Kherki Daula Toll Plaza. In addition to having eight lanes and a length of 3.6 kilometres, it will also have four multi-level interchanges and India’s longest and broadest road tunnel.

Mahipalpur – Bijwasan – Delhi Haryana Border Route

• The route begins in Mahipalpur Shiv Murti, which leads to the underpass of the Bijwasan railway station. 
• Starting at Shiv Murti on the former NH-8, now known as NH48, this section of the route is 5.3 km long. 
• The route ends at the rail underpass close to Sector 21, Dwarka.
• A 3.5 km deep tunnel underneath the expressway will be built for Rs. 1,000 crores.
• The underpass rail from Bijwasan to the Delhi-Haryana Border is a stretch of 4.2 km. 

Gurgaon – Kherki Daula Toll Plaza Route

• The distance between the Delhi-Haryana border and the Basai rail overbridge will be 10.2 km long. 
• The expressway route in Gurgaon will run via Sectors 102, 103, 106, 109, 110, 112, and 113. 
• The majority of the stretch will be built as an elevated dual carriageway with four lanes on each side because this segment contains continuous intersections with sector roads. At all significant intersections, the service roads will be elevated and run below the expressway. The cost of this stretch will be Rs. 1,333 crores.
• The distance from the Basai rail overbridge to the Kherki Daula Toll Plaza is 8.7 kilometres across the Dwarka Expressway. 
• This eight-lane expressway will cost Rs. 1,047 crore, according to NHAI. Construction of the 8.7 km section will be taken care of by M/s Larsen and Toubro Ltd. 
• The project entails building an eight-lane elevated structure for the expressway’s main carriageway.

Dwarka Expressway to IGI Airport Terminal 3

• A new low 1.5 km (4 lanes) tunnel with a cost of Rs. 350 crores would connect the Dwarka Expressway to the IGI Airport T3 Tunnel and will be known as the Delhi Airport Tunnel Expressway. 
• To get to Terminal 3 of Indira Gandhi International Airport, a route will be constructed running from north to south as part of the Dwarka Expressway. 
• Accessibility and reduced travel time will benefit commuters travelling to and from Munirka, Mehrauli, IIT, and Vasant Kunj.

Top Localities Around Dwarka Expressway

The Dwarka Expressway stretches through Delhi and Gurgaon. Along the route, it has numerous localities that offer a secure and comfortable lifestyle with high-end properties. Some of the best localities around the expressway are –

Sector 103 

Gurgaon has become a well-liked residential and business destination. One popular alternative is Sector 103, which is about one kilometre from the Dwarka Expressway, Gurgaon. Being close to Sector 106 and Daultabad (2.1 km away) is a significant benefit. This area is the site of numerous residential and commercial development projects.

Numerous property options are available in Sector 103, such as Signature Global Grand Iva, Indiabulls Centrum Park, Satya the Hermitage, Era Cosmo City, Ansal Estella, and Ansal Highland Park. Connectivity via the expressway is easily accessible. The airport is 21 km away, while there are several schools, banks, and malls in proximity. 

Sector 104 

One of the areas in Gurgaon with the quickest growth is Sector 104, located along the expressway. NH8 is 10.4 km away, while IGI Airport is 20 km away. The proposed metro from IFFCO Chowk, which is anticipated to be extended to Sector 104, Dwarka Expressway, Gurgaon, will drastically reduce travel time.

While several notable projects are currently underway, some properties are suitable for families, such as Hero Homes, Godrej Summit Premia Towers, Capital Square One, and Tulip Spectra.

Sector 106 

A prominent option for commercial and residential property developers is Sector 106, Dwarka Expressway, Gurgaon, which is only 9 km from the expressway. The surrounding areas are Sector 109, Sector 110, and Babupur Village. Sector 106 has close connectivity to the airport and NH8, making connectivity to other parts of the city more accessible. Several banks, schools, and corporate centres are nearby. 

Sector 108 

One of the NCR’s fastest-growing neighbourhoods is Sector 108, Dwarka Expressway, Gurgaon, with Sectors 107 and 106 as nearby sectors. Due to several attractions close by, the region is expected to continue to flourish and experience an increase in property prices.

Sobha City, Experion Westerlies, Raheja The Vedas, Chintels Acropolis, Agrante, and Experion The Heartsong are just a few top properties in Sector 108, Dwarka Expressway, Gurgaon. People who want to commute to and from this sector will find it simpler owing to the projected metro line and the availability of public transportation.

Sector 113 

Sector 113, Dwarka Expressway, Gurgaon, is one of the most popular neighbourhoods due to its outstanding infrastructure and location close to HUDA, Choma, and Sector 1. The locality is close to various IT hubs and commercial centres, which are responsible for increasing the popularity and growth of the sector.

Along with Palam Vihar, Sector 111, and Sector 112, Sector 113 is home to some superbly designed structures, including M3M Capital Residency, M3M Market 113, TATA Housing Gurgaon Gateway, and TATA Housing La Vida.

Sector 113 connects to Sohna Road, Delhi, Gurgaon, and Bahadurgarh via the Dwarka Expressway and other nearby highways. The availability of private and public transportation is convenient for people to commute to any location. The distance between the railway station and IGI airport is only 12.5 km. Numerous schools, banks, hospitals, ATMs, malls, and office spaces are an added advantage. 

What are the Toll Rates for Dwarka Expressway?

Depending on the vehicle type, the toll rates for the Dwarka Expressway vary. The table below gives the detailed price of a single journey and a monthly pass.  

Paying for the toll is experiencing constant disputje among daily travellers. They feel the toll rates are high and need to be revised, reduced, or terminated.  

Real Estate Advantages in Dwarka Expressway

• In addition to the Dwarka Expressway’s obvious connectivity advantages, other USPs of the area include mushrooming business hubs, townships, and complexes courtesy of top developers.
• Residential housing units are available at practically all price ranges and budgets. The Dwarka Expressway property is a popular choice for first-time buyers because of its comparably low price range. 
• Dwarka Expressway flats are available for buyers in the mid-range, particularly between Rs. 60 lakh and Rs. 1 crore. The property will offer basic facilities, including power backup, clean water, good sewage and a drainage system. 
• The development of multiple commercial hubs along this stretch is hiking up the price of commercial real estate.
• There is easy access to the Indira Gandhi International Airport (IGI Airport) and the proposed Diplomatic Enclave from the Expressway.
• The Dwarka Expressway project is well-planned, with first-rate civic and physical infrastructure, forthcoming social amenities, and more than 100 ongoing projects, many of which are close to completion. 
• The proposed metro rail route will make connectivity easier in the future.
• Another attraction for homebuyers is the comparatively lower population density, which enables them to steer clear of urban congestion without compromising connectivity. 
• The expressway’s continued link to National Highway 8 and its coverage area between Kherki Daula and New Palam Vihar offer excellent connectivity prospects.
• Furthermore, it has attracted several prominent educational institutions, including Delhi Public School, which will cause a rise in property values once the highway is completed.
• Dwarka Expressway Gurgaon stretch will be a game-changer on its completion. It will play a significant role in the steady recovery of Gurgaon’s real estate market. Sales numbers and secondary market transactions are increasing in sectors that are developing quickly along the expressway. According to reports, property values in these locations have increased by 5% to 7%.
• The expressway’s three main zones—Sectors 109–115 closer to Delhi, Sectors 37–107, and Sectors near Kherki Daula—are all experiencing constant demand.

Significant Developments in the Dwarka Expressway Project 

Some of the consequential developments of the Dwarka Expressway project that have improved real estate perception are as follows:-

• The resolution of legal disputes regarding the Dwarka Expressway’s land allotment from New Palam Vihar residents
• The granting of two expressway segments to Larsen & Toubro (L&T) in Gurgaon
• The Gurugram Metropolitan Development Authority provides proper water supply in developing areas.

Top Residential Projects on Dwarka Expressway 

Numerous renowned developers such as Hero Realty, ATS Infra, Shapoorji Pallonji, and M3M India have launched esteemed and luxurious projects on the Dwarka Expressway that provide profitable investments with high returns. The Dwarka Expressway flats are built to offer world-class amenities and facilities to all their residents, with the main highlights of the city nearby. Some of the notable projects in Dwarka Expressway Gurgaon are – 

• Signature Global City – Sector 37D
• Godrej Meridien – Sector 106
• M3M Capital – Sector 113
• Adani M2K Oyster Grande – Sector 102
• Shapoorji Pallonji Joyville Phase 3 – Sector 102
• M3M Woodshire – Sector 107
• Godrej Prive – Sector 106
• Godrej Icon – Sector 88A
• Hero Homes Gurgaon – Sector 104
• AMB Selfie Square – Sector 37D
• Experion The Heart Song – Sector 108

The Current Status of Dwarka Expressway

The 18-kilometre Dwarka Expressway project, planned in 2006, cost an estimated Rs. 9,000 crore. By 2016, 14 kilometres of the expressway were complete. Due to land acquisitions and tree transplantation, the project encountered difficulties and delays with a scope extension of a few more kilometres. However, in 2018, the Prime Minister’s intervention helped to resolve the unresolved concerns. The construction came to a halt for two years due to COVID. However, it is expected to be completed by September 2023. 

The 29-km Dwarka Expressway completion date is anticipated to be operational in September 2023 and will become one of the most substantial investment hotspots for residential and commercial real estate.

New Developments Around Dwarka Expressway – Latest Updates

Real estate demand will increase throughout the entire stretch of the Dwarka Expressway as soon as the obstacles to its completion are cleared. As a result, it will encourage additional price growth and demand. Real estate company Elan Group recently paid Rs. 580 crores to Indiabulls Real Estate Ltd. (IBREL) for 40 acres of land on the Dwarka Expressway. The property is in sector 106 and has all the necessary permits for the construction of residential and commercial developments. The remaining 30 acres of land will be used for residential construction, leaving about 10 acres for commercial development.

Several real estate developers, who have invested in major projects and commercial hubs along the Dwarka Expressway, will ultimately benefit due to improved connectivity and increasing buyer interest. The areas where the Dwarka Expressway project will witness higher traction include Sectors 99-112, Sectors 37D, Sectors 58-63, 85-86, 78-81, 84, and 68. The Dwarka Expressway project will soon become a significant future residential real estate destination.

Conclusion 

In the current market, the Dwarka Expressway represents an outstanding investment opportunity. The location is experiencing significant infrastructure growth, extensive residential and commercial development, and price appreciation. They score highly on the livability quotient as well as have excellent prospects.

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