Gurugram is one of the most sought after real estate destinations in the NCR region. With the presence of multinational companies and high-rise residential projects, the city has redefined the concept of urban living. Today, it offers a mix of residential, commercial and retail spaces for a variety of home buyers, businesses and investors.
Among the growing hotspots, Dwarka Expressway and Sohna Road have emerged as the biggest realty hotspots, attracting huge interest from home buyers. A recent analysis conducted by Anarock shows that the housing market has performed strongly during the first half of 2024. Around 32,200 units were sold in the Delhi-NCR region. Gurugram has emerged as a preferred location for both investors and end users, owing to the significant influence of Dwarka Expressway and Sohna Road on this development. Moreover, the rapid development of infrastructure in these regions has increased their attractiveness. The growing demand for luxury residences also indicates a significant shift in homebuyer preferences within the region.
Various factors have contributed significantly to the growing demand for real estate projects in the region. The completion of Dwarka Expressway has been a game changer for the sector. This has drastically reduced the travel time between Delhi and Gurgaon with less congestion on the roads. Its direct connectivity to the IGI Airport along the Delhi-Mumbai Expressway, makes it an attractive location for residential and commercial segments. This will offer a further increase in property prices during metro development, attracting investors as well as many buyers. Thus, the corridor now exhibits diverse property options and is expected to grow in the near future.
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Meanwhile, Sohna Road has attracted significant attention due to its proximity to the Delhi-Mumbai Expressway and major commercial hubs in Gurgaon. Quick connectivity to Golf Course Extension Road and Southern Peripheral Road to Arterial Road has boosted development. Additionally, the proposed metro route along Sohna Road will connect with the proposed Delhi-Gurugram-Alwar RRTS line at Rajiv Chowk as well as the already approved metro extension from Millennium City Center Metro Station at Gurugram Railway Station.
Hence, developers are responding quickly to the evolving and evolving needs of buyers and tailoring their offerings to cater to this growing segment of discerning buyers.
Commenting on this, Manish Aggarwal, Vice President, CREDAI-NCR, and MD, Satya Group says, “The excellent connectivity offered by the Dwarka Expressway and Sohna Road has positioned it as a growing suburb in the NCR region. Both regions have noted a significant rise in property prices as affluent buyers look for properties that offer convenience and comfort, thus increasing demand for luxury homes and commercial spaces , years to come In these areas, the real estate market is expected to grow rapidly.
Nain Raheja of Raheja Developers says, “Gurugram has towering skyscrapers that add to the beauty of the city. Due to the strategic location of the Dwarka Expressway and excellent infrastructure, this corridor is attractive to end-users looking for long-term value.” Our strategically located projects on the Dwarka Expressway offer a unique blend of luxury and convenience, providing an exceptional living experience It offers seamless connectivity to Delhi, Gurugram and other major destinations, making these homes highly attractive to both buyers and investors.Upcoming metro expansion and improved road network With growth, the region is poised for rapid growth leading to a significant increase in demand for both residential and commercial properties.”
Rajjith Goyal, Managing Director, MRG Group, says, “Gurugram has long been recognized for its world-class infrastructure, and the Dwarka Expressway and Sohna Road continue to enhance the city's real estate landscape. Both regions are experiencing inclusive growth, making them an important destination for first-time home buyers and investors alike, as demand continues to grow Shaping the market Committed to delivering and meeting the evolving needs of buyers.”
Additionally, both Dwarka Expressway and Sohna Road offer high rental yields and significant capital appreciation potential. This trend is expected to continue, adding to the overall appeal of the region due to ongoing and upcoming infrastructure developments. Also, as the festive season approaches, the sector sees a lot of response from buyers. This period is favorable for investment in both residential and commercial sectors. Hence, both the regions see the development of prime projects with elaborate facilities and amenities that elevate the lifestyle of buyers, thereby increasing the sale of properties.
“The development of the Dwarka Expressway has significantly reshaped the real estate landscape of Gurugram, making it a prime location for investment,” says Grupal Singh Chawla, Managing Director, TREVOC. Continued infrastructure development is growing rapidly in both the commercial and retail sectors, with an increasing number of affluent Indians gravitating towards luxury properties, we expect strong growth in the luxury segment within this micro-market. are The pace of urbanization and substantial investment along the Dwarka Expressway will undoubtedly add to its appeal, cementing its position as a top choice for both investors and end-users.
Saurabh Saharan, Group Managing Director, HCBS Developments, says, “The Dwarka Expressway's seamless connectivity has increased its investment potential. Its proximity to the Delhi-Mumbai Expressway, which is the Delhi-Mumbai industrial hub. is part of the corridor, has added to the prestige of the region.Furthermore, with buyers moving forward with the purchase of luxury properties, we maintain Gurugram as a leader in this boom. Looking forward to further growth in the segment.”
Thus, Dwarka Expressway and Sohna Road have established themselves as the biggest real estate hotspots in Gurugram, contributing to the changing real estate environment of the city. These areas are undergoing significant growth and are poised to lead the growth of the NCR real estate market, setting new urban benchmarks through the investment opportunities they offer.