The Silk Route, an ancient trade network that connected India to other parts of the world, was important for the trade of silk, spices, precious stones, and other luxury goods that were highly valued in the ancient world. The connectivity provided India with new customers and trade connections for its goods which were in high demand in Europe.
Improved connectivity through roads, highways, bridges, metros and airports is not only vital for trade, economic activity, growth, social inclusion, and poverty reduction but also makes areas more accessible, thereby increasing demand for residential and commercial properties. For instance, the development of the metro in cities like Delhi and Mumbai has seen substantial growth in property values along the metro lines.
In recent years, the Dwarka Expressway and Sohna Road have established themselves as the premier real estate epicentres, playing a critical role in transforming Gurugram’s real estate environment. Moreover, Dwarka Expressway and Sohna Road attract huge interest from home buyers.
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Dwarka Expressway
The Dwarka Expressway’s strategic location, rapid infrastructure development, and rising demand for office and retail spaces have turned it into a magnet for homebuyers, businesses and investors. The Dwarka Expressway is a sought-after micro market due to its connectivity and easy access to business hubs, commercial areas, entertainment, and other vibrant parts of Delhi-NCR.
By significantly enhancing access to major areas such as Delhi, Gurugram, and the Indira Gandhi International Airport, the expressway invigorates the local real estate market, drawing interest from both prospective homeowners and investors.
With prices reaching up to ₹250,000 per sq ft for ultra-exclusive properties, the market sentiment remains positive. No wonder, buyers from West and South Delhi are moving to apartment complexes along the Dwarka Expressway.
According to a recent PropEquity report, the average price of new properties along the expressway reached ₹17,357 per square foot in July 2024, a significant increase from ₹8,630 per square foot in July 2021, marking a growth rate of nearly 101%.
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Factors that have contributed to the rising demand for real estate projects in the region are:
- Completion of the Dwarka Expressway, which is India’s first elevated highway, and it’s designed to improve traffic flow and reduce congestion. It has reduced the travel time between Delhi and Gurgaon immensely.
- Dwarka Expressway’s direct connectivity with the Indira Gandhi International Airport and the Delhi-Mumbai Expressway.
- Dwarka Expressway is transforming urban living with its strategic location and modern infrastructure. Its promising future is bolstered by robust development, government initiatives, and luxury real estate offerings.
- Dwarka Expressway offers a range of affordable and luxurious residential options to suit every homebuyer/investor’s needs.
- Dwarka Expressway promises excellent future growth, with premium amenities like shopping centers, schools, and healthcare facilities nearby
- Upcoming Gurgaon Metro project is expected to boost real estate developments in the region, creating more demand for properties, leading to potential increase in the prices.
It is therefore reasonable to say that the Dwarka Expressway now manifests diversified property options and is perceived to grow in the near future. And this potential for property value appreciation adds investment appeal.
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Sohna Road
Sohna Road is hailed as Gurugram’s upcoming real estate destination due to several available factors such as unmatched connectivity, proximity to business hubs, social infrastructure, and numerous affordable residential projects. Prices have jumped significantly, but Sohna Road remains relatively affordable compared to other parts of Gurugram.
- Sohna Road is well-connected to major cities in Delhi NCR, including Gurugram, Faridabad, Noida, and South Delhi. It’s also close to the Delhi-Mumbai highway corridor and IGI airport.
- Sohna Road is strategically located near major business districts such as Cyber City, Golf Course Road, and Sector 48. This proximity to key commercial spaces increases the demand for residential properties in the area.
- Sohna Road is less densely developed than other areas of Gurugram, and has more open space and greenery. The area’s master plan includes dedicated green zones.
- Sohna Road is close to major economic hubs and has many major companies in the area.
- Sohna Road has a range of amenities, including educational hubs, health centers, and hotels.
- Sohna Road is witnessing the development of high-quality residential complexes, commercial spaces, and retail hubs.
- Homebuyers are increasingly choosing areas like Sohna Road because of the health and wellness benefits of living in nature-rich environments.
