Gurugram: For nearly two decades, the Dwarka Expressway has been both a dream and a dilemma for property buyers and investors. Conceived in the mid-2000s as a high-speed alternative to NH-48 between Delhi and Gurugram, it was envisioned to ease traffic congestion, improve airport connectivity, and spur new residential and commercial growth.
For many, however, the expressway became a test of patience. Between 2006 and 2020, buyers endured long delays, land acquisition disputes, and uncertain project timelines. Yet from 2021 onward, as infrastructure delivery gained pace and the post-COVID real estate cycle turned favorable, Dwarka Expressway transformed from a symbol of frustration into one of the most rewarding property corridors in Gurugram.
When residential projects along Dwarka Expressway were launched around 2006–2008, prices were substantially lower than in central Gurugram. Apartments sold for ₹2,100–2,500 per sq. ft., rising to ₹5,500–6,000 per sq. ft. by 2014–2015. Even by 2020, most sectors hovered between ₹7,500–9,500 per sq. ft., depending on location and developer.
“In 2010, I facilitated investor acquisitions of land parcels along the expressway at ₹40,000 per square yard. Today, those plots are valued at around ₹3 lakh per square yard. Similarly, residential units that sold for ₹2,500 per sq. ft. in 2010 now fetch about ₹12,500 per sq. ft. This underlines how real estate, over a decade or more, delivers strong returns despite short-term market turbulence,” said Pradeep Mishra, Founder and Director, Oram Group.
But the journey was far from smooth. Land acquisition hurdles, litigation, and delayed handovers eroded confidence. Projects that were to be ready by 2012 dragged on past 2018. Many developers struggled with finances, buyers organized protests, and Dwarka Expressway became a cautionary tale in NCR’s real estate landscape.
The narrative began to shift after 2021. The COVID-19 pandemic reshaped housing demand, driving interest toward larger homes and emerging corridors. Meanwhile, government agencies accelerated work on stalled infrastructure.
In 2024, Prime Minister Narendra Modi inaugurated the Gurugram section of the expressway, followed in 2025 by the Delhi stretch along with the Urban Extension Road-II (UER-II). The result: a seamless route from Gurugram to west Delhi and IGI Airport, drastically reducing travel time and boosting accessibility.
For thousands of homebuyers who had waited years, the opening of the expressway was vindication. Dwarka Expressway was no longer just a promise — it was finally functional and connected.
Developers agree that the corridor’s rise reflects both infrastructural maturity and shifting buyer aspirations. “The Dwarka Expressway has fundamentally redrawn the map of connectivity across Delhi and Gurugram. What we are witnessing is not just price appreciation but a shift in demand profile — with global professionals, senior executives, and NRIs driving premium housing. The corridor is evolving beyond mid-segment housing into a mature luxury destination,” said Ankush Kaul, President – Sales, Marketing & CRM, Central Park.
According to Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., “Dwarka Expressway has become NCR’s fastest-growing premium corridor, witnessing a 153% price increase in five years driven by genuine end-user demand. With an average price of ₹14,342 per sq. ft. and over 25,000 new housing units expected in the next three years, it now stands as a benchmark for urban planning and connectivity.”
The demand for luxury housing is also driving this growth. “Today’s homebuyers seek more than location and size — they prioritize lifestyle, infrastructure, and seamless connectivity. In Delhi-NCR, this trend is most evident along the Dwarka Expressway, which has emerged as a promising micro-market attracting discerning buyers,” said Rohit Kishore, CEO, Hero Realty.
