Dwarka Expressway has become India’s fastest-growing real estate corridor, registering a 58% year-over-year increase in property prices during the October-December 2024 quarter, according to a joint report by CREDAI, Colliers, and Liases Foras, as published by Moneycontrol.
The surge represents the highest price growth across the country in the fourth quarter of 2024, outpacing all major cities and micro-markets. The rapid appreciation has positioned Dwarka Expressway as a top investment destination in the Delhi-NCR region and nationwide.
Real estate analysts attribute the price escalation to increasing demand for infrastructure-driven, well-planned development. The rise reflects strong investor confidence and robust sales momentum along the corridor, experts said.
“With enhanced connectivity, metro expansion, and proximity to key business districts, this corridor is becoming a magnet for homebuyers and investors alike,” said Pradeep Aggarwal, founder and chairman of Signature Global. “As Indian cities expand, high-growth zones like this will play a crucial role in shaping the future of urban living, offering sustainable, premium, and high-value residential ecosystems.”
While housing prices across India’s eight largest cities rose by an average of 10% year-over-year to Rs 11,266 per square foot, Delhi-NCR stood out with a 31% increase—the highest among major metropolitan areas. The growth was largely fueled by demand along Dwarka Expressway, solidifying its position as the region’s most promising real estate hotspot, followed by Greater Noida.
Industry experts said the price appreciation is largely driven by strong sales momentum, particularly in the luxury and ultra-luxury segments in Gurugram and Greater Noida. Robust infrastructure development in the area has contributed to rising home values.
“Homebuyers are increasingly looking for high-end living spaces, making this area a preferred destination for luxury real estate,” analysts noted.
Ashok Kapur, chairman of Krishna Group and Krisumi Corporation, emphasized the rising demand for premium, well-designed homes and the impact of increasing construction costs on pricing.
“This momentum highlights market confidence and the evolving aspiration for modern, high-quality living,” Kapur said. “As homebuyers seek better amenities and thoughtfully planned communities, the region’s real estate sector continues to thrive, further cementing Delhi-NCR’s status as a prime residential destination.”
The expressway’s proximity to major business hubs such as Cyber City, Udyog Vihar, and Indira Gandhi International Airport has further bolstered its appeal. Investors and homebuyers see Dwarka Expressway as an ideal location offering both connectivity and lifestyle benefits, experts said.
According to the CREDAI-Colliers-Liases Foras report, while housing prices in India’s top eight cities—Mumbai, Delhi-NCR, Chennai, Bengaluru, Hyderabad, Kolkata, Pune, and Ahmedabad—recorded an average increase of 10%, Delhi-NCR experienced the highest growth rate of 31%. The study further highlights that Dwarka Expressway played a crucial role in driving this surge, reinforcing its reputation as a key real estate hotspot in NCR.
Experts also pointed out that the combination of infrastructure expansion, metro connectivity, and growing employment hubs has made Dwarka Expressway a top choice for investors and homebuyers. With more residential and commercial developments in the pipeline, the expressway is expected to maintain its strong momentum in the coming years.