Nearly 43,000 housing units launched in Dwarka Expressway in 15 years; launch price up 397%: PropEquity
With world class infrastructure, excellent connectivity, growing commercial activity and rapid price appreciation, Dwarka expressway is shaping up to be one of the most attractive real estate destinations.
According to a report by NSE-listed real estate data analytics firm PropEquity, 42,816 units have been launched in Dwarka Expressway between 2010-2024. The number of units sold during this period stood at 41,899 units.
During this period, the weighted average price of new launches rose by 397% from Rs 3,753 per sq. ft. in 2010 to Rs 18,668 per sq. ft. in 2024.
| Gurugram – Dwarka Expressway | ||
| New Launches (Units) | Total Absorption (Units) | |
| 2010-2014 | 22,588 | 18,126 |
| 2015-2019 | 4,234 | 7,271 |
| 2020-2024 | 15,994 | 1,6502 |
| Total | 4,2816 | 4,1899 |
| Weighted Average Launch Price (Rs per sq. ft.) | |
| 2010 | 3,753 |
| 2015 | 6,238 |
| 2020 | 9,434 |
| 2024 | 18,668 |
Between 2020-24, 15,994 units were launched, between 2015-19, 4,234 units were launched, while during 2010-14, 22,588 units were launched.
The weighted average price of new launches rose from Rs 3,753 per sq. ft. in 2010 to Rs 6,238 per sq. ft. in 2015 to Rs 9,434 per sq. ft. in 2020 to Rs 18,668 per sq. ft. In 2024.
The NSE-listed data analytics firm PropEquity tracks real estate projects in 44 cities in India with more than 18 years of catalogued data.
Samir Jasuja, Founder and CEO, PropEquity said, “Between 2025 and 2030, over 18,000 units are expected to be launched and over 15,500 units are expected to be absorbed in Dwarka expressway reinforcing sustained future demand. The steady price growth highlights the corridor’s lucrative investment destination. 4BHK apartments dominate the market in the last five years in price range of Rs 4.8 cr to Rs 8.6 crore.”
“Developers launched fewer projects during 2015-19. Even though a part of the expressway was operational, the project was entangled in multiple issues. The real estate sector too was witnessing some decline towards the fag end of this period.”
Dwarka Expressway has emerged as a key market in NCR with its share in total launches in Gurugram rising.
Between 2020-24, Dwarka Expressway accounted for 23% of the total supply in Gurugram, rising marginally from 21% between 2015-19.
According to the report, most housing supplies in the last five years (2020-2024) in Dwarka expressway came in Sectors 113, 37D, 106, 111 and 103 accounting for 74% of the total supply in Dwarka expressway.
Progression of Dwarka Expressway:
The 29-km Dwarka Expressway, also called Northern Peripheral Road, was proposed in 2006 by the Haryana Government as an alternative route to NH-48, connecting Delhi with Gurugram. Initially slated to be a 18km project, 14km of the expressway was operationalised in 2016. Later, the NHAI took over the project, reworked on the alignment and categorised it as a National Highway (NH-248BB).
The foundation stone was laid in 2019 and 19km of the Gurugram stretch was inaugurated in 2024 by Prime Minister Narendra Modi.
This 8-lane elevated expressway connects Shiv Murti on NH-48, to Dwarka and terminates at KherkiDaula Toll Plaza in Gurugram thereby reducing the travel time between cities, IGI airport, workplaces and entertainment hubs.
Infrastructure developments like Yashobhoomi Covention Centre and upcoming Dwarka Golf Course in sector 24 have boosted real estate. The redevelopment of Bijwasan Railway Station, located at the intersection of Dwarka Expressway and UER II is likely to improve regional connectivity.
The proposed metro connectivity from HUDA City Centre to Cyber City with Spur to Dwarka Expressway covering the distance of 28.50 km having 27 stations on the route will further boost connectivity.
Five multi-modal integration plans have been proposed to connect the Delhi-Alwar rapid rail corridor with existing and planned transport corridors with one at KherkiDaula near the Dwarka Expressway.
The Haryana government is also developing Global City project along the Dwarka Expressway.
About PropEquity: P.E. Analytics ltd., a NSE-listed company, owns and operates PropEquity which is India’s largest online real estate data and analytics platform covering over 1,70,000+ projects of 57,000+ developers across over 44 cities in India with more than 17 years of catalogued data. We add approximately 700 projects every month. It is a premium Business Intelligence product- a first of its kind in India in the Realty space.
