What are the prominent residential hotspots along Dwarka Expressway?

RE: What are the prominent residential hotspots along Dwarka Expressway?

The 27.6 km long Dwarka Expressway of Gurugram connects Dwarka in Delhi to Kherki Daula Toll Plaza located on NH-48. A major portion of the expressway lies in Gurugram, with major upcoming residential sectors lying on both sides. There are more than 150 residential projects have been launched along with the sectors of Dwarka Expressway. Cumulatively, they offer about 97,000 residential units and around mere 8,000 units have been delivered.

As the construction of the expressway is in its last round of completion and expected to be completed by 2021. Amidst coronavirus pandemic, Dwarka Expressway realty market witnessed renewed interest of NRI and Indian investors. A lot of the real estate action has already taken place in these sectors, as they lead the pack to make Dwarka Expressway a preferred residential destination in Gurugram. Here are the top 3 sectors.

Sector 88A

This sector has seen a quarter-on-quarter ask rate appreciation of around 5% during Q1 2020-21, which is the highest across all sectors of the expressway. The existing average purchase rates for residential flats in Sector 88A lie in the range of Rs 5,100 – 7,500 per sq. ft. Indeed, Sector 88A is one of the most preferred residential destinations across the city with enviable connectivity and infrastructure comprising of renowned educational institutions and healthcare facilities. Godrej Properties, Ansal Housing, Adani Realty, Vatika Group and many others have their residential projects here, either under-construction or ready-to-move-in. Moreover, most of these projects boast of state-of-the-art amenities, both inside the house as well as outside. Indeed, Sector 88A has proven itself to be a high return-on-investment proposition for all kinds of real estate investors and buyers over the last 2 years.

Sector 99A

This sector has seen a quarter-on-quarter ask rate appreciation of around 2% during Q1 2020-21. The existing average purchase rates for residential flats in Sector 99A lie in the range of Rs 4,300 – 5,750 per sq. ft. ATS Greens and Raheja Builders have their projects here, mostly comprising of 2-BHK and 3-BHK apartments. Delhi Public School, a few other school brands and best healthcare facilities are located within a 2-km radius of this sector. Connectivity is also not an issue.

Sector 104

This sector has seen a quarter-on-quarter ask rate appreciation of around 2% during Q1 2020-21. The existing average purchase rates for residential flats in Sector 104 lie in the range of Rs 5,200 – 7,200 per sq. ft. Ansal Housing and Indiabulls Real Estate have their projects here, comprising mostly of mid-segment and luxury units in the form of apartments in a major fashion, and a few villas and builder floors. The sector enjoys good connectivity to neighbouring locations and has good healthcare facilities, educational institutions and market places located in the vicinity. This sector also boasts of the highest number of ready-to-move-in apartments across Dwarka Expressway.

 

Answered on August 1, 2020.
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