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Source: Moneycontrol.com

Why Dwarka Expressway has given a boost to Gurgaon`s realty

In addition to the availability of good infrastructure and basic facilities in the vicinity, connectivity today is a major deciding factor while buying a property.

In addition to the availability of good infrastructure and basic facilities in the vicinity, connectivity today is a major deciding factor while buying a property. Road connectivity has a massive impact on real estate development and prices. It comes as a little surprise that Dwarka Expressway is poised to become the New Shangrila and centre of Gurgaon. It has become a significant real estate investment destination owing to its vast potential for robust growth and expansion in the coming years. It provides an immaculate blend of strategic location, varied residential options, world-class amenities and easy accessibility via infrastructure development in the area.


The eight lanes, 150 meter wide and 18 km long Dwarka Expressway will be a boon to commuters travelling from Delhi to Gurgaon and Manesar providing them a congestion free travel especially when the Delhi- Gurgaon Expressway has witnessed higher-than-expected traffic volume growth. Due to its proximity to Delhi and unparalleled connectivity with Gurgaon and Manesar, the real estate development in the area has seen an upsurge. The infrastructural development in and around the area has played an instrumental role in its growth. It is likely to evolve into a seamlessly connected real estate destination.


After it is complete, it will provide faster access to the airport; connect close to the 100-metre-wide road proposed in the new master plan, and the areas will also have good connectivity with the proposed diplomatic enclave and the current Metro corridor. This is the prime reason for the buyers and investors to be bullish about this zone. Sectors along Dwarka Expressway are going to be well planned, premium, contemporary urban area when complete as per the Gurgaon Master Plan-2021. One can easily say that the areas that will fall in the periphery of this expressway will become posh areas and will compete with areas like Shanti Niketan and Vasant Vihar. It won’t be ambitious to easy that the areas that will fall in the periphery of this expressway will become as posh as its neighborhood in the noble southern part of Delhi. The faster access to the Indira Gandhi International Airport draws in vote from the NRI clientele too.  Educational institutions will also be there. The lifestyle here is going to surpass the ordinary.


The investment value of residential properties along the Dwarka Expressway has not been lost on investors, who are now making a beeline to residential developments in this area. No wonder country’s leading developers have launched their projects here. The various residential options are available at a price lesser than most places in Gurgaon. The response to the projects has been phenomenal as the buyers have started to realize what potential the area holds. The pace of development is strong and the return on investment will be high in this area.  The prices in the area have almost tripled - from Rs 2,250 per sq ft to Rs 6,250 per sq ft.


The expressway will also open up avenues for planned commercial and urban development in the region. In fact commercial development is visible in and around Dwarka Expressway.  It has been rechristened `New Gurgaon` due to the booming IT/ITES sectors, corporate offices, shopping malls, markets etc here.


Most of the consumer base in this region is the upper and upper-middle class working segment.  For working professionals in Manesar, Gurgaon and Delhi, Dwarka Expressway is the ideal residential destination as well as an excellent investment option.


The expanded supply in Dwarka Expressway would correct property prices in areas like the Sohna Road and Golf Course Extension Road. Also, a lot of developments are being launched in the affordable to mid-sized market segment of residential housing. In fact, these areas are now emerging as the answer to the question of what will fill the gap for mid-income housing demand.

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Mumbai
Capital Values Rate/Sq ft (INR)
Aajiwali
3000 - 5000
Ambernath
3000 - 5000
Badlapur
1000 - 3000
Bhandup (West)
11000 - 13000
Chembur (East)
15000 - 17000
Chembur (West)
11000 - 14000
Dombivali (East)
4000 - 6000
Ghatkopar
13000 - 15000
Heeranandani Gardens Estate - Powai
25000 - 30000
Hiranandani Gardens Estate - Powai
25000 - 30000
Kalyan (East)
2000 - 4000
Kalyan( West)
3000 - 5000
Karjat
1000 - 3000
Khandala
8000 - 10000
Kharegaon
5000 - 7000
King Circle
17000 - 28000
LBS Marg
12000 - 15000
Lonavala
3000 - 5000
Mulund (East)
11000 - 14000
Mulund (West)
11000 - 14000
Mumbai Nasik Highway
3000 - 6000
Powai
15000 - 17000
Senapati Bhagath Singh Road
3000 - 5000
Sion (East)
18000 - 21000
Sion (West)
17000 - 22000
Tilak Nagar
12000 - 22000
Ulhasnagar
3000 - 5000
Vikhroli
11000 - 14000
4 Bunglows
17000 - 28000
7 Bunglows
13000 - 23000
Chandivali
10000 - 15000
Malad (East)
12000 - 14000
Versova
21000 - 24000
Airoli
4000 - 8000
Belapur
6000 - 9000
Ghansoli
6000 - 8000
Kalamboli
4000 - 9000
Kamothe
4000 - 6000
Nerul
7000 - 10000
Palm Beach Road
12000 - 15000
Panvel
3000 - 6000
Sanpada
8000 - 10000
Sea Woods
8000 - 10000
Ulwe
3000 - 6000
Uran
3000 - 6000
Vashi
9000 - 12000
Altamount Road
62000 - 72000
Breach Candy
62000 - 74000
Chowpathy
48000 - 58000
Colaba
42000 - 46000
Cuffe Parade
67000 - 69000
Dadar(East)
32000 - 34000
Dadar(West)
29000 - 32000
Lower Parel
32000 - 34000
Mahalaxmi
38000 - 40000
Malabar Hills
68000 - 75000
Mumbai Central
23000 - 34000
Napean Sea Road
66000 - 74000
Parel
26000 - 34000
Prabhadevi
37000 - 39000
Tardeo
41000 - 49000
Worli
36000 - 41000
Andheri (West)
18000 - 20000
Andheri(East)
15000 - 17000
Bevarly Park
5000 - 7000
Bhayander (East)
5000 - 6000
Bhayander (West)
3000 - 5000
Boisar
1000 - 3000
Borivali (East)
11000 - 13000
Borivali (West)
10000 - 14000
Dahisar
4000 - 8000
Goregaon (East)
13000 - 17000
Goregaon (West)
12000 - 14000
Kandivali (East)
12000 - 14000
Kandiwali (West)
11000 - 12000
Malad(West)
9000 - 14000
Mira Road
5000 - 7000
Naigaon
1000 - 4000
Nala Sopara (Eastt)
3000 - 5000
Nalasopara (West)
3000 - 5000
Poonam Nagar
6000 - 8000
Shanti Nagar
7000 - 9000
Shrishti
6000 - 9000
Vasai Road
1200 - 4000
Virar
1000 - 3000
Note: Price trend are based on asking rate and not necessarily on the transaction date
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