Dwarka Expressway has emerged as India’s fastest-growing real estate corridor, witnessing a 58 percent year on year (YoY) surge in prices of properties along the expressway during the October-December 2024 quarter.
According to a joint research by CREDAI-Colliers-Liases Foras, this is the highest price growth in the country during Q4CY2024. This record growth outpaced all other major cities and micro-markets, making Dwarka Expressway the hottest investment destination in Delhi-NCR and across India.
Real estate experts said that this along the expressway is an indicator of the growing demand for well-planned, infrastructure-led development. It reflects high investor confidence and robust sales momentum, they said.
According to Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Limited, "with enhanced connectivity, metro expansion, and proximity to key business districts, this corridor is becoming a magnet for homebuyers and investors alike. As India’s cities continue to expand, such high-growth zones will play a crucial role in shaping the future of urban living, offering sustainable, premium, and high-value residential ecosystems."
While housing prices across India’s top eight cities recorded a 10 percent YoY increase, averaging Rs 11,266 per square feet, Delhi NCR stood out with a 31 percent annual price rise, the highest in the country.
The top eight cities are Mumbai, Delhi NCR, Chennai, Bengaluru, Hyderabad, Kolkata, Pune and Ahmedabad.
This growth was largely driven by the soaring demand along Dwarka Expressway, reinforcing its position as the most promising real estate hotspot in the NCR, followed by Greater Noida.
Luxury, ultra-luxury segments in demand
The price rise, according to some experts, is attributable to the strong sales momentum, particularly in the luxury and ultra-luxury segments, especially in Gurugram and Greater Noida.
They said that one of the biggest factors fuelling this price surge is the robust infrastructure development in the region.
Homebuyers are increasingly looking for high-end living spaces, making this area a preferred destination for luxury real estate, they said.
Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation, said that the rising inclination towards premium, well-designed homes, coupled with increasing construction costs, has propelled prices upward.
“This momentum highlights market confidence and the evolving aspiration for modern, high-quality living. As homebuyers seek better amenities and thoughtfully planned communities, the region’s real estate sector continues to thrive, further cementing Delhi-NCR’s status as a prime residential destination," he said.
Dwarka Expressway’s proximity to key business hubs such as Cyber City, Udyog Vihar, and Indira Gandhi International Airport in New Delhi adds to its appeal. Investors and homebuyers see Dwarka Expressway as an ideal location that offers both connectivity and lifestyle benefits, real estate experts said.
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