Rapid Growth in Gurgaon’s Housing Market
Property prices along the Dwarka Expressway in Gurgaon have almost doubled in the past four years, making the corridor one of the most dynamic real estate markets in NCR. Launch rates jumped from ₹9,434 per sq. ft. in 2020 to ₹18,668 per sq. ft. in 2024, while the cost of a typical 3BHK apartment has surged from ₹1.8 crore in 2022 to ₹2.6–4 crore in 2024.
Infrastructure and Connectivity Driving Demand
The key factor behind this growth is the seamless connectivity the corridor now offers. The 18 km Gurgaon stretch of the Dwarka Expressway opened in 2023, followed by the 10 km Delhi section in 2024, creating direct access to both Delhi and Indira Gandhi International (IGI) Airport.
Further connectivity has been added through the 76 km Urban Extension Road-II (UER-II), which links NH-44 at Alipur to NH-8 via Mundka, Najafgarh, and Dwarka, with extensions to Sonipat and Bahadurgarh. With Gurgaon just 20 minutes from IGI Airport and directly connected to the Delhi–Mumbai Expressway, the area has become a hub for residential as well as commercial development.
Investment Potential and Market Challenges
Industry experts predict that property values along the expressway could rise another 15–20% in the next two years, thanks to growing demand and premium housing launches. Investors who entered the market early have already seen significant returns, validating the corridor’s long-term potential.
However, rising land and construction costs are pushing up ticket sizes, making homeownership more challenging for middle-income buyers. Balancing premium projects with affordable housing will be crucial to sustaining demand in the future.
Outlook
With its combination of world-class connectivity, infrastructure upgrades, and corporate interest, the Dwarka Expressway is set to remain one of NCR’s most attractive real estate corridors. Both homebuyers and investors are expected to continue driving strong momentum in the Gurgaon property market.
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