The outlook for the residential market along the Dwarka Expressway appears optimistic, as there is a strong pipeline of more than 25,000 new units anticipated to be completed and delivered within the next three years.
Signature Global has established itself as the leading entity in the Dwarka Expressway market, according to a recent report by Square Yards. The report indicates that the annual residential supply along the Dwarka Expressway has reached 10,000 units since 2020, a significant increase from the 5,000 to 7,000 units launched annually prior to the pandemic.
Square Yards highlights that Signature Global has taken the lead among key players in the post-pandemic landscape, securing the largest share of new launches over the past four years. Their flagship project, Signature Global City in Sector 37D, provides the highest number of units in the area. Following closely is M3M, with its developments M3M Crown and M3M Capital situated near the international airport. Other significant contributors to the market include Conscient One, Smart World Developers, Sobha Realty, and Krisumi Corporation, all of which primarily focus on the luxury residential sector.
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Signature Global’s premier project, ‘De-luxe DXP,’ situated in Sector 37D, has significantly reinforced its position adjacent to the Dwarka Expressway. This upscale residential development spans 16.65 acres and comprises 1,008 units distributed among eight towers, offering a variety of 3BHK, 3.5BHK, and 4.5BHK apartments, as well as penthouses. Earlier this year, the company experienced an exceptional response to this project, with sales bookings surpassing Rs 3,600 crore for De-luxe DXP.
The company boasts a robust portfolio with 32.2 million square feet of saleable area in its upcoming projects, some of which are situated along the Dwarka Expressway. At present, it is actively engaged in the development of 16.4 million square feet across various ongoing projects.
The Dwarka Expressway has emerged as a key hub for the real estate industry, attracting prominent developers to the area. In addition to Signature Global, numerous reputable developers have introduced a significant number of units along the Dwarka Expressway, further enhancing the region’s attractiveness to leading real estate firms. Notable names in this sector include M3M, Conscient One, Tata Realty, Sobha Realty, Godrej, Indiabulls, Hero Realty, BPTP, Max Estates, Emaar, and Adani Realty, among others.
In terms of price appreciation too, Dwarka Expressway has experienced a notable increase. As reported by Square Yards, property prices along this corridor surged by an impressive 29% in 2024 compared to the prior year, with current average rates falling between Rs. 12,000 and Rs. 14,000 per square foot. Numerous prominent developers have introduced projects that surpass these pricing thresholds.
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Commenting on the development, Pradeep Aggarwal, Founder & Chairman of Signature Global (India) Ltd, said, “Location remains the cornerstone for buyers and investors in the housing market. Dwarka Expressway has emerged as a real estate hotspot due to its seamless connectivity across Delhi NCR and Gurugram, coupled with immense growth potential. According to a recent CREDAI–Colliers–LiasesForas report, regions like Dwarka Expressway, Golf Course Extension Road, and Sohna Road have witnessed over 50% annual price appreciation, underscoring their strong demand and investment appeal.”
Market insights from Square Yards indicate that investor interest in the Dwarka Expressway slightly surpasses that of end-users. Currently, around 50% of homebuyers are focusing on properties priced above Rs. 1 crore, with a significant 16% of this demographic targeting properties that exceed Rs. 2 crore. The region has witnessed consistent price appreciation, with property values nearly doubling since 2019.
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The outlook for the residential market along the Dwarka Expressway appears optimistic, bolstered by a strong pipeline of over 25,000 new units expected to be completed and delivered in the next three years. This positive sentiment is further reinforced by the involvement of several prominent developers, such as Tata Realty, Sobha Realty, Godrej, Indiabulls, Hero Realty, BPTP, Max Estate, Emaar, and Adani Realty, all of whom have ongoing or planned projects in this micromarket.
