Geetanjali Homestate, a real estate consulting firm, has unveiled its latest Property Pricing Report for Gurugram’s Dwarka Expressway, revealing a remarkable surge in property values since the expressway’s grand opening. The report indicates an average price increase of 15.86% across various sectors along the expressway, with several areas experiencing even more substantial growth.
Analyzing property prices from March 2024 to September 2024, the report highlights significant price hikes in sectors adjacent to the Dwarka Expressway, with some sectors surpassing a 20% increase. The surge is attributed to rising demand driven by improved connectivity and enhanced infrastructure in the region.
Notably, Sector 37 D saw a staggering 27.58% increase in prices, climbing from Rs. 8,700 to Rs. 11,100 per square foot. Sector 108 followed closely with a 24.22% rise, moving from Rs. 14,450 to Rs. 17,950 per square foot. Other key sectors, such as 110A and 99A, recorded substantial growth rates of 23.78% and 19.23%, respectively.
Sector-specific data further showcases the dynamic growth in the area. In Sector 113, prices jumped by 19.77%, rising from Rs. 13,400 to Rs. 16,050 per square foot. Similarly, Sector 99A experienced a price surge of 19.23%, increasing from Rs. 7,800 to Rs. 9,300 per square foot. These figures underscore the significant impact of infrastructural developments, such as the expressway, on real estate values.
On average, property prices along the Dwarka Expressway increased from Rs. 11,240 per square foot in March 2024 to Rs. 13,023 by September 2024.
Sunil Sisodiya, Founder of Geetanjali Homestate, attributed this price escalation to several factors, primarily the enhanced connectivity provided by the newly operational Dwarka Expressway. He emphasized the area’s strategic location, which is in close proximity to both residential and commercial hubs, attracting strong interest from investors and homebuyers.
“This price growth is a clear indication of the area’s emerging potential. The expressway not only connects crucial points within Gurugram but also offers seamless access to Delhi and surrounding regions, making it a prime location for real estate investments,” said Sisodiya.
The report predicts that Dwarka Expressway will continue to attract attention and investment, positioning Gurugram as one of the most lucrative real estate markets in North India. With property values expected to maintain an upward trend, the region is set for further growth as demand continues to rise.
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