Dwarka Expressway : A CommonFloor Report
Dwarka Expressway has emerged in 2007 from Gurgaon Master Plan-2021, which was proposed from Dwarka in Delhi to Palam Vihar in Gurgaon. Later in Master Plan-2025 Dwarka Expressway was extended further till Kherki Dhaula intersecting at NH-8. This 150m wide expressway is passing through 102 to 106 and 109 to 113 sectors of Gurgaon. The Dwarka Expressway sectors have been essentially been coined by real estate fraternity. In this report, CommonFloor has clearly identified sector 99-115 will come under the Dwarka Expressway region.
Dwarka Expressway has emerged as one of the most famous real estate destinations in the National Capital Region (NCR).
The project was to be completed in March 2012 but because of land acquisition issues the project was delayed. Dwarka Expressway, also known as Northern Peripheral Road (NPR), which is being developed under the public private partnership (PPP) model. It passes through Dwarka expressway and New Gurgaon regions. Hence, all the sectors in this regions have good connectivity with Delhi which also reduce traffic-flow on NH-8.
“As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on Dwarka Expressway real estate market – one of the key micro-markets in Delhi-NCR – with in-depth analysis based on CommonFloor data.
For detailed report“ 
Factors which are benefitting it as future emerging real estate corridor
- Dwarka Expressway would connect Dwarka with NH-8 at Kherki Dhaula and pass through Pataudi Road. The NPR stretch has been planned as an alternate link road between Delhi and Gurgaon, and is expected to ease the traffic situation on the Delhi-Gurgaon Expressway. The distance from Gurgaon to IGI airport would also get reduced.
- Another advantage is toll between Delhi and Gurgaon has been withdrawn. This would minimize the journey time between the Millennium City and the national capital.
- With increase in number of companies operating in Gurgaon and for the limited availability of mid-segment residences in Gurgaon and Delhi, Dwarka Expressway is emerging as an attractive alternate location for investment and/or end-use.
- The close proximity to Delhi Aerocity and the upcoming Diplomatic Enclave, would further boost the investor activity and driving the prices further up in the residential asset class in this region.
- Dwarka Expressway extension, increased the demand for residential real estate in New Gurgaon (which has easy access to the Expressway) to a high extent considering that many new projects were launched in the year 2013.
Infrastructure Development
The real estate future of Dwarka expressway depends on the livability conditions of the region, which includes Dwarka Expressway project and other physical and social infrastructure such as other roads, schools, hospitals, convenient shopping etc, else there is chance of “price bubble burst” in future.Although few projects are completed but the major junk of real estate projects are lined up for completion. In the initial plan at several sections, the proposed expressway had provisions for the Bus Rapid Transit (BRT) corridor to ensure smooth flow of buses planned to be developed in March 2017, if pending litigations can be resolved. But its current status and future of the project is unknown. Similarly, 60m proposed HUDA road connects interior sectors to NH-8 via Rajiv Chowk and another connecting road which will connect interior sectors, Dwarka expressway and NH-8 via Hero Honda Chawk.
Real Estate Analysis
The emergence of new micro markets in Dwarka Expressway presents opportunities for both middle class and upper middle class buyers, whose budget is in the range of Rs 3,500-7,500 per sq ft to invest in residential real estate for end use and capital gain in Gurgaon.
