Experts predict that the Dwarka Expressway’s opening will cause a 40% increase in local real estate costs.
Developers and brokerage firms predict that the Dwarka Motorway in Gurgaon will drive up real estate values in the area by 30–40%.
Property prices have increased as a result of numerous developers starting projects along the motorway due to the area’s growing popularity.
The Dwarka Expressway’s completion is anticipated to have a major effect on Gurgaon’s real estate market in terms of both price increases and demand. With the opening of the motorway, the regions of Delhi, Gurgaon, and Manesar will have smooth interstate communication, which would encourage local building initiatives, according to the CEO of Smartworld Developers.
It is projected that the value of properties in the vicinity will increase by 20–40% from their current levels.
Recently, Smartworld Developers unveiled Smartworld One DXP, a new property located in sector 113.
“With an anticipated 30–40% increase in property prices, the motorway will bring about a substantial transformation to the region’s residential and commercial real estate markets. The real estate industry will get a large boost as a result of the enhanced infrastructure stimulating economic growth. According to Kunal Rishi, COO of Paras Buildtech, “this upcoming event is a lucrative opportunity for property investors looking to maximise their returns, as the expressway’s opening is expected to unlock the potential of the rapidly growing locale.”
Over the past year, there has been a notable 13 percent increase in the price of homes in Gurugram. Additionally, there is a solid demand for commercial leasing of office and retail space, with better rental yields and excellent returns on investments.
The region’s economy as a whole is anticipated to gain from the motorway in addition to the real estate industry. The increased connectivity is probably going to draw in more enterprises, which will stimulate the local economy and create jobs.
It is anticipated that the ensuing increase in Gurgaon and Delhi’s connection will lead to a spike in demand for real estate in the region. According to Pradeep Aggarwal, Founder & Chairman of Signature Global, “the construction of the motorway is also expected to draw in new investors and homebuyers, making Gurgaon an even more appealing destination for professionals.”
