Dwarka Expressway: The Future of Real Estate in Delhi-NCR

Real estate is an ever-evolving market that keeps on changing with time. One such development that has been gaining a lot of attention in recent times is the Dwarka Expressway in Delhi-NCR. This 29 km long expressway is all set to become the next big thing in the real estate market of the national capital region. In this blog post, we will take a closer look at this development and explore what makes it such an attractive destination for real estate investors.

The Basics of Dwarka Expressway

Dwarka Expressway, also known as Northern Peripheral Road (NPR), is a six-lane expressway that connects Dwarka in Delhi with NH-8 in Gurgaon. The expressway passes through some of the most promising real estate destinations in the region, including Dwarka, Palam Vihar, and Gurgaon. The development of the expressway has been in the works for more than a decade, and it has been facing several delays and legal hurdles. However, the project is now nearing completion, and it is expected to become operational by 2023.

Why Dwarka Expressway is the Future of Real Estate in Delhi-NCR

Strategic Location: One of the primary reasons why Dwarka Expressway is the future of real estate in Delhi-NCR is its strategic location. The expressway connects Dwarka, which is one of the most affluent and well-planned areas in Delhi, with Gurgaon, which is the financial and corporate hub of the region. The expressway is also located in close proximity to the Indira Gandhi International Airport and the proposed Diplomatic Enclave, which will further enhance its connectivity and value.

Infrastructural Development: The development of Dwarka Expressway has given a boost to the infrastructural development of the surrounding areas. The expressway has already attracted several commercial and residential projects, and many more are in the pipeline. The Haryana government has also announced plans to develop several social infrastructure projects, including schools, hospitals, and shopping malls, along the expressway.

Appreciation Potential: Real estate experts predict that the properties along the Dwarka Expressway will witness significant appreciation in the coming years. The demand for properties in this area is expected to rise as more people move to Delhi-NCR for job and business opportunities. The scarcity of land and limited supply of residential units along the expressway will also drive up the property prices.

High Rental Income: The proximity of Dwarka Expressway to several key employment hubs, such as Gurgaon, Manesar, and Delhi, makes it an attractive destination for rental properties. The high demand for rental properties in the area will translate into high rental income for the property owners.

Future Development: The development of Dwarka Expressway is just the beginning of a larger plan to transform the region into a well-planned and self-sustaining urban area. The Haryana government has already announced plans to develop a new city, called Dwarka Expressway R-zone, along the expressway. This new city will be spread over 2,500 acres and will include residential, commercial, and institutional projects.

Conclusion

In conclusion, Dwarka Expressway is set to become the next big thing in the real estate market of Delhi-NCR. Its strategic location, infrastructural development, appreciation potential, high rental income, and future development plans make it an attractive destination for real estate investors. If you are looking to invest in real estate in Delhi-NCR, then Dwarka Expressway should definitely be on your radar.