The inauguration of the Dwarka Expressway marks a significant milestone in enhancing connectivity between Delhi and Gurugram via NH-8. This 29-kilometer-long corridor is poised to have a transformative impact on the real estate sector in the region, particularly in areas surrounding the expressway. Currently, the land and property prices in the vicinity of Dwarka Expressway in Gurugram reflect the anticipation of improved connectivity and infrastructure development.
According to recent data, land prices in these areas have seen a steady appreciation, with some estimates suggesting an increase of up to 20-25% over the past few years. Similarly, property prices have also witnessed a positive trend, with developers and investors showing keen interest in projects along the expressway.
The opening of Dwarka Expressway is expected to further catalyze growth in the real estate sector. Improved connectivity will enhance accessibility to key commercial hubs, educational institutions, and healthcare facilities, making these areas more attractive for homebuyers and investors alike.
This increased demand is likely to translate into further appreciation in land and property prices in the region. Regarding rental properties, Dwarka Expressway is anticipated to lead to an uptick in rental rates.
With improved connectivity and infrastructure, areas along the expressway are expected to become more desirable residential destinations, attracting a larger pool of tenants. This heightened demand for rental properties is likely to result in an increase in rental rates, with projections suggesting a potential rise of around 10-15% in the coming years.
