Introduction
The coronavirus pandemic was one of the biggest challenges faced by humanity in the 21st century. While the world is still reeling from the aftermath of the pandemic, the Indian economy has persevered, becoming the third-most powerful in the world. And while the rest of the sectors were undergoing a massive downward trajectory, the real estate sector held strong. In fact, according to an estimate by the Ministry of Housing and Urban Affairs (MoHUA), India’s real estate sector is projected to hit US$ 1 trillion by 2030, up from US$ 200 billion in 2021.
In fact, real estate assets have long been the preferred instrument of investment in India, traditionally associated with security and assured appreciation. However, while investing in real estate is certainly a discerning wealth-building strategy, it is critical to invest in a space that is surrounded by progressive transit infrastructure.
Among the numerous options available to real estate investors, Dwarka Expressway, therefore, stands out as one of the best investment avenues. Also commonly known as the Northern Peripheral Road, the expressway located in the National Capital Region (NCR) of India has gained immense popularity in recent times, amongst investors and homeowners alike. In this blog, we will delve into the deluge of reasons why this expressway is emerging as one of the most sought-after investment hotspots in the country.
Strategic Location
One cannot negate the role the location of a real estate asset plays in its future growth and appreciation prospects. Whether you are investing as a future homeowner, an investor looking for a long-term steady source of income through rent, or an investor looking to simply flip the space for profit, its location is critical. The 27.6-kilometer-long Dwarka Expressway excels in the area.
Connecting Mahipalpur in Delhi to Kherki Daula Toll Plaza in Gurugram, the eight-lane elevated corridor has been designed to provide an alternate route between the capital city and the Millennium City. While earlier commuters had to utilise the congested Delhi-Gurugram Expressway to commute, the corridor will not only significantly reduce the travel duration between these two commercial and residential hubs but is also located in the vicinity of the upcoming Special Economic Zones. In addition to this, the expressway will provide seamless connectivity to the Southern Peripheral Road, Central Peripheral Road, and Old Gurugram via the Pataudi Road.
Not only that, the expressway provides flawless connectivity to the Indira Gandhi International Airport, the Delhi-Jaipur Highway, and the proposed Diplomatic Enclave. The approval of the Gurugram Metro Extension Plan, connecting Huda City Centre to Cyber City, with a metro station proposed at Dwarka Expressway, is set to further enhance the connectivity infrastructure of the locale.
An example of an investment that would be ideal due to its location is Hero Homes, a 2,3, and 4 BHK residential project on Dwarka Expressway, in Gurugram. These wellness inspired smart homes are located in proximity to major business and IT hubs, ensuring plenty of employment opportunities for its residents, along with an easy commute, that allows them to spend plenty of time with their families.
Rapid Infrastructure Development
While connectivity is admittedly one of the critical factors to keep in mind, we cannot underestimate the value of a progressive social infrastructure, especially when it comes to modern homebuyers. This is especially true in the contemporary era, with millennials entering the homeowners’ market for the first time, their criteria when it comes to an ideal residential space is one where they have easy access to top-of-the-line social institutions.
Dwarka Expressway has for instance seen unprecedented infrastructure development, with numerous investments pouring in. Government’s initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and Smart Cities have also played a significant part in propelling the area into an opportune investment avenue. In addition to this, the government’s induction of programmes such as RERA which has served to digitise land registries and market data has served to instil an added veneer of transparency in the dealings in the Indian real estate sector, by ensuring that there are no hidden costs in the dealing of real estate. This has served to instil a sense of confidence in both the veteran investors and those who are first-time investors in the sector.
The government initiatives, in addition to the connectivity advantage and presence of premium social institutions has led to development of a wide range of residential projects on Dwarka Expressway, catering to various budgets. From affordable apartments to luxury villas to independent floors, here you will find it all. Amidst a wide variety of apartments on Dwarka Expressway, it is M3M Crown 3 and 4 BHK ultra luxury homes that garner special attention. Spread across 75,000 sq. ft, the development boasts of amenities like the yoga lawn and golf putting greens, curated specially for your leisure.
An Opportune Investment Avenue
According to industry insiders, the development of Dwarka Expressway will lead to appreciation of over 30-40% in the coming years. Due to its strategic location and rapid development, real estate prices in this region have consistently risen over the years. For long-term investors, this means a substantial increase in their property’s worth. It’s an excellent avenue for capital appreciation, making it an ideal investment choice.
Apart from capital appreciation, Dwarka Expressway also boasts a promising rental market. The influx of professionals working in the nearby business hubs and the growth of educational institutions has created a demand for rental properties. This makes it a lucrative option for investors seeking rental income.
Final thoughts
Dwarka Expressway stands out as a promising investment destination, boasting a strategic location that is complemented by its rapid development, appreciating property values, and diverse housing options, including apartments on Dwarka Expressway. This corridor not only offers a robust rental market but also benefits from government initiatives and future-ready infrastructure. As the National Capital Region continues to expand, Dwarka Expressway solidifies its position as a testament to the incredible investment opportunities within India’s real estate sector, making it an attractive choice for investors seeking long-term growth and stability.