On Dwarka Expressway in Gurgaon, housing prices have jumped nearly three-fold during the last five years to Rs 7,000 per sq ft but slow pace of construction of the highway and litigation issues have become a major hurdle for growth of this corridor. Property consultant DTZ in its report, 'Investment Hotspots in Delhi NCR' stated that an average residential capital value on the expressway has risen from Rs 2,426 per sq ft in 2009 to Rs 7,000 in 2013.
Linking Dwarka and Gurgaon, the 18-km long Dwarka Expressway is also known as Northern Peripheral Road. It is an eight-lane expressway. It is being developed by Indiabulls group under public private partnership (PPP). Now Dwarka Expressway is one of the latest hotspots for real estate opportunities for home seekers and potential investors.
Proximity to the national capital and IGI airport gives Dwarka Expressway an edge over other upcoming real estate destinations such as Dharuhera, Bhiwadi, Yamuna Expressway and Noida-Greater Noida Expressway.