Future Prospects: How Dwarka Expressway is Shaping Up as India’s Next Business Hub.
Mr. Aman Sharma, Managing Director of Aarize Group
In the thriving commercial real estate dynamics of Delhi-NCR, Dwarka Expressway has evolved as a hot-button name, catching the attention of both investors and property buyers.
In the growth story of Gurugram’s development, this 29-km-long stretch has set a significant milestone in fueling the economic growth of the region, opening the gateway of opportunities for commercial activities.
Hinging on easier traffic between the national capital and Gurugram, accessibility to IGI Airport, and major business districts around, Dwarka Expressway has become the most sought-after micro-market of the National Capital Region for investment destination and commercial bustling.
After its inauguration by the honorable Prime Minister Narendra Modi, this expressway region heralds a new era of holistic development for the real estate market, creating a dynamic ecosystem for business, commercial operations, logistics hubs, shopping malls, and vibrant office complexes. This remarkable boom has resulted in capital appreciation and upward rental yields, making the area conducive for investments.
Dwarka Expressway has witnessed a surge in demand for commercial activities. The area has become a paradise for partygoers, shopaholics, and commercial operations with the overwhelming presence of malls-retail chains, high-end F&B outlets, shopping arcades, and entertainment zones, among others.
It has perked up the prices of properties, including residential, commercial, and industrial. According to 99 acres, Dwarka Expressway has seen a significant surge of 25 percent with a price hike from Rs 11,100 per sq. ft. to Rs 13, 250 per sq. ft. in the last year.
With Gurugram turning into a business hub, its neighboring areas, including Dwarka Expressway, are also following close to its heels. The Millennium City, according to a Knight Frank report, witnessed an extraordinary soar of 58 percent in office space transactions in 2023, zooming past from 13.2 million square feet in 2022 to a massive 20.8m square feet.
This phenomenal growth highlights the market opportunity of real estate in Gurugram and its surrounding areas. This phenomenal growth highlights the market opportunity of real estate in Gurugram and its surrounding areas.
The key factor behind Dwarka Expressway shaping up India’s next business hub is its strategic location. The proximity to the national capital makes this region a standout choice for professional and commercial activities.
Excellent connectivity through expressway and metro, pleasant environment, and sustainable construction fitted with state-of-the-art technologies have increased its appeal.
Sensing the market potential of these areas, top-notch developers and builders have capitalized on its business dynamics by setting up swanky commercial and expensive office complexes.
The influx of budding startups, multinational office spaces, and modern healthcare centers have propelled the Dwarka Expressway region into an employment and business hub.
The sectors along with Dwarka Expressway encompass commercial, retail, and residential hubs, harboring relatively peaceful neighborhoods with less traffic congestion in comparison with other significant parts of the NCR.
The Dwarka Expressway is heading to a robust hotspot, and it has come a long way in establishing itself as the crown jewel of Delhi-NCR’s real estate, attracting multiple business opportunities and commercial footfalls.
With an emphasis on sustainable development, excellent infrastructure, and strategic location, Dwarka Expressway stands as a strong competitor to established commercial complexes across the country.
It is going to be a game changer in driving the economic growth of the country as the region evolves, constantly positioning itself as a major player globally.