Industry leaders highlight Dwarka Expressway’s transformation into a infrastructure-powered growth corridor, citing robust demand, strategic location, and a surge in premium real estate offerings.
Once a peripheral tract on the map of Delhi NCR, the Dwarka Expressway has swiftly evolved into one of India’s most dynamic real estate corridors. According to a report by PropEquity, housing prices along this 29-kilometre stretch have surged nearly fivefold over the past 14 years—rising from around ₹3,500 per sq ft in 2010 to nearly ₹18,000 in 2024.
The completion and inauguration of the expressway in March 2024, connecting Delhi’s Dwarka to Gurugram’s Manesar, has been pivotal to this growth. Enhanced access to IGI Airport, central Delhi, and the commercial hubs of Gurugram has significantly boosted both end-user and investor interest. The Haryana section alone, constructed at a cost of ₹4,100 crore, has opened up substantial land for residential and commercial development.
Rohit Kishore, CEO, Hero Realty, attributes the growth in real estate to the location, “The Dwarka Expressway has swiftly positioned itself as one of the most dynamic and promising micro-markets in the NCR. Strategically situated between Delhi and Gurugram, it provides better connectivity, strong infrastructure, and well-planned urban development, making it a transformative opportunity for both end-users and investors. Now that the 16-lane expressway is fully operational, we’ve witnessed a noticeable shift in buyer sentiment. As an investment corridor, the Dwarka Expressway showcases rapid infrastructure growth and steady price appreciation. With IGI Airport just 12 km away, Aerocity within 10 km, and landmark developments like the India International Convention Centre, Diplomatic Enclave II, and the upcoming metro extension nearby, this corridor is not just a place to invest; it’s become a sought-after real estate destination. The prospect of integrated luxury developments makes it even more attractive and ripe with lifestyle and investment opportunities.”
Price appreciation has been especially steep in recent years. According to the data by PropEquity, rates rose by 101% between 2021 and 2024, with 2024 alone witnessing a 30% spike—from ₹8,630 to ₹17,357 per sq ft—indicating strong demand amid limited supply. Gurugram now leads all major Indian cities in residential price growth, driven significantly by this corridor.
Despite the steep price increases, unsold inventory has declined, suggesting robust market health. The corridor is also witnessing growing interest from developers planning luxury, commercial, and retail projects in the coming quarters.
Adil Altaf, Managing Director, Trinity, pointed to the broader appeal of Gurugram, “This growth is driven by the city’s strategic location and ongoing infrastructure developments, such as the Dwarka Expressway and Delhi-Mumbai Expressway. As a major corporate hub, Gurugram attracts professionals seeking premium living spaces. The demand for luxury properties remains robust, fuelled by high-net-worth individuals and NRIs. With developers focusing on upscale projects, Gurugram has emerged as a leader in India’s luxury real estate sector, surpassing cities like Mumbai in ultra-luxury housing deals.”
Developers and investors alike see momentum continuing. Harinder Dhillon, National Sales Head, BPTP, observed, “In the NCR region, the Dwarka Expressway continues to emerge as a bright spot – driven by sustained infrastructure development and growing end-user demand. With major connectivity projects nearing completion and increasing interest from both developers and buyers, the corridor is gaining momentum. It is set to play a significant role in driving the region’s real estate growth in the coming months.”
According to the data by PropEquity, since 2010, over 42,800 residential units have been launched along the expressway, with 41,899 sold—reflecting a high absorption rate. The stretch between sectors 99 and 114 accounts for nearly a quarter of Gurugram’s total housing supply since 2018.
Luxury and premium housing dominate new launches, reflecting a shift in buyer preferences toward spacious, amenity-rich residences. Under-construction properties, in particular, are attracting considerable buyer interest, with a substantial portion of recent sales concentrated in this segment.
Commenting on the broader trend, Sudeep Bhatt, Director – Strategy, Whiteland Corporation, said, ““The region has rapidly evolved into a dynamic ecosystem, offering unparalleled connectivity, world-class amenities, and exceptional investment opportunities. Dwarka Expressway is setting new benchmarks for luxury living in NCR. The emphasis on creating sustainable, integrated communities ensures that this region will continue to thrive as a top real estate destination.” Referring to the company’s tie-up with Marriott International Inc., Bhatt said, “By collaborating the esteemed hospitality brands like Marriott International, the real estate sector in India can cater to the discerning tastes of global citizens, making the country a preferred destination for premium investments.”
The Dwarka Expressway is a compelling example of how large-scale infrastructure can catalyze value creation. As lifestyle aspirations grow and connectivity improves, the corridor is poised to remain a priority growth zone within Delhi NCR’s expanding urban fabric.
