• Source:JND
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The Dwarka Expressway, a strategic corridor connecting Gurugram and Delhi, has witnessed a remarkable surge in demand and supply of residential properties, according to a Magicbricks report. The report, which covers the period from July to September 2023, reveals that the expressway has become the most preferred destination for homebuyers in Gurugram, with a 25 per cent increase in property prices in the last quarter and a 50 per cent increase from the previous year.

The report attributes the popularity of the expressway to its proximity to employment hubs, commercial, retail infrastructure and better social amenities. It also notes that mid-housing, especially 3 BHK units, has seen the highest jump in demand, with most transactions happening in the Rs 5,000 to Rs 10,000 per square feet range.

The report quotes two real estate developers, Ravi Aggarwal of Signature Global (India) and Adil Altaf of Whiteland Corporation, who praise the expressway as the preeminent choice for discerning homebuyers and the testament to Gurugram’s inclination towards aspirational living.

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"Gurugram's inclination towards aspirational living is a testament to the evolving preferences of homebuyers. The city's commitment to infrastructure development, particularly the Dwarka Expressway, Southern Peripheral Road, and Sohna Elevated Road enhancement has brought significant transformation and positivity to the entire real estate market in the adjoining vicinity," Ravi Aggarwal, Managing Director, Signature Global (India) said. 

"The Dwarka Expressway has emerged as the pre-eminent choice for discerning homebuyers. Driven by burgeoning employment opportunities and a diverse portfolio of housing options spanning different budget categories, the expressway has experienced a significant 25 per cent quarter-on-quarter escalation in property rates, translating to an impressive 50 per cent year-on-year growth compared to the previous year," said Adil Altaf, director (sales & CRM) of Whiteland Corporation.

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The report also highlights the city’s commitment to infrastructure development, such as the Southern Peripheral Road and the Sohna Elevated Road, which have brought significant transformation and positivity to the real estate market in the vicinity.

(With IANS Inputs)