Real Estate Market Soars with the Rise of Dwarka and Noida-Greater Noida Expressways

Real Estate Market Soars with the Rise of Dwarka and Noida-Greater Noida Expressways

The rapid development of the Dwarka and Noida-Greater Noida expressways has transformed these areas from satellite towns into thriving real estate hotspots. Enhanced connectivity, modern infrastructure, and a surge in new projects have made these regions highly desirable for homebuyers and investors. These expressways now offer excellent access to critical social infrastructure like schools, hospitals, and Grade A office spaces, making them attractive for residential living.

According to a recent analysis, property prices along these expressways have seen significant increases, with new projects experiencing price hikes of over 100 percent between 2021 and 2024. The Dwarka Expressway, which links Gurugram and Delhi’s Dwarka suburb, saw property prices rise from Rs 8,630 per square foot in July 2021 to Rs 17,357 per square foot by July 2024, marking a 101 percent increase. Similarly, the Noida-Greater Noida Expressway recorded a 165 percent surge in prices, with rates increasing from Rs 6,568 per square foot to Rs 17,428 per square foot during the same period.

Both expressways are vital connectors—the Dwarka Expressway links Gurugram to Delhi, while the Noida-Greater Noida Expressway connects the two cities and will eventually extend to the upcoming Noida International Airport at Jewar. The strategic location of these expressways has boosted demand, with easy access to Delhi, economic hubs, and international airports, along with strong social infrastructure.

Real estate industry experts highlight the role of these expressways in driving real estate growth. Between 2021 and 2024, over 22,000 residential units were launched along the two expressways, reflecting strong demand. Price appreciation for new projects has been substantial, with Dwarka Expressway seeing a 30 percent rise between July 2023 and July 2024, and Noida-Greater Noida Expressway experiencing a 40 percent increase in the same period.

The proximity of these expressways to office spaces, retail developments, and other key infrastructure has further fueled interest in these markets, making them prime investment destinations. With property prices now ranging between Rs 17,000 and Rs 18,000 per square foot, and some premium projects even reaching Rs 25,000 per square foot, the Dwarka and Noida-Greater Noida expressways are positioned to remain major drivers of real estate growth in the NCR region.

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