In the last decade, the Delhi-NCR real estate market has witnessed a major change amid massive infrastructure developments. From Dwarka Expressway to Noida Expressway to Sohna Road, these new commercial and residential hotspots have become a destination of profitable investment for property buyers and investors. These hotspots are being seen as an alternative to Gurugram, Noida, and Faridabad. These regions are an attractive choice for moneymakers. Thanks to a surge in infra projects (expressways and metro extensions) and enhanced connectivity and urbanization in the region.
Paras Buildtech COO Kunal Rishi sees developers’ interest in residential and commercial investment around expressways. He says, “With over 150 projects in and around the expressway, its potential is clear, as developers are already capitalizing on the corridor’s immense opportunities. Shopping complexes, office spaces, hotels, and other commercial ventures are quickly reshaping the landscape into a dynamic economic center.”
A rise in demand for real estate will result in an increase in property prices and value. “In the long term, this continuous growth will further boost property values in the region. As commercial activities flourish, the demand for real estate will rise in tandem, driving property prices upward. Enhanced infrastructure and improved connectivity will make the region an increasingly attractive destination for businesses and residents alike, sustaining the robust demand for real estate,” Kunal adds.
Booming Realty Hubs in Delhi NCR
Infrastructure development is a big catalyst for the upliftment of micro markets. Owing to new infra projects and improved connectivity, micro markets see rapid urbanization along with upcoming housing projects, commercial hubs, retail centers, and business districts. Here comes Delhi NCR’s top three emerging property micro-markets.
Dwarka Expressway
Recent government policies and the accomplishment of prime infrastructure projects are the big boosters for the rapid growth of the Dwarka Expressway. It connects Dwarka in Delhi to Kherki Daula in Gurugram. Being developed in four phases, this expressway project boasts service roads on both sides. That is why top developers and property buyers are capitalizing on residential and commercial properties. Recent substantial development and investments in residential projects from leading developers resulted in various property options:
- High-rise societies
- Gated communities
- Independent floors
- Affordable housing
Ganga Realty JMD Vikas Garg says, “Dwarka Expressway, especially micro markets such as Sector 84 and 85, have become favorable zones for luxury housing purchases.” He adds, “With the Gurugram section of the Dwarka Expressway nearing completion and set to open for commuters soon, it is highly likely that property prices will increase substantially, attracting more investors to the real estate market.”
In an interview with MoneyControl, a real estate broker says, “This growth in these new micro-markets in Gurugram is driven by improved infrastructure and increased developer activity. Rates of properties, be it residential, commercial, or industrial, have increased significantly in Dwarka Expressway, Sohna Road, and New Gurugram micro-markets.”
In the last two years, the average price of new launches in Dwarka Expressway has increased by 30 percent. On the other hand, the Gururam-Sohna elevated road and the Sohna-Dausa part of the Delhi-Mumbai Expressway have a different story to tell. It registered a 60 percent hike in property prices in the last three years.
Sohna Road
After Dwarka Expressway, Sohna Road is another hotspot that catches all eyes due to its proximity to the Sohna-Dausa stretch of the Delhi-Mumbai Expressway (DME). That is why it entices substantial real estate investments, especially in the residential projects. The DME is a booster for development around Sohna Road. Realtors see this micro market as a lucrative investment zone due to its connectivity to key commercial, retail, and entertainment hubs in Gurugram. It has a robust connectivity to:
- The Delhi-Meerut Expressway
- The Delhi-Mumbai Expressway
- The Direct Noida-Delhi flyways
- The highway leading to Jewar Airport
- The Kundli-Manesar-Palwal (KMP) Expressway
- The NH-2 (Delhi-Agra)
Saransh Trehan, MD, Trehan Group, says, “Sohna Road is a thriving and rapidly transforming suburb in the National Capital Region, benefiting from its proximity to the Delhi-Mumbai Expressway and commercial hubs like Cyber City and Golf Course Road. This makes it an appealing location for professionals working in these areas.”
“With improved connectivity across Sohna Road, Dwarka Expressway, and more, these areas are emerging as new realty destinations. No longer limited to traditional hotspots like Gurugram, the NCR is now seeing rapid growth in formerly overlooked regions. Robust infrastructure development is redefining the landscape, making these areas ideal for both homebuyers and investors seeking growth opportunities,” Trehan adds.
Sohna Road also offers natural features and healthy lifestyles that impress homebuyers. He says, “Homebuyers are increasingly favoring areas like Sohna Road, which offer closeness to nature and promote health and wellness. Access to green spaces is linked to increased social cohesion and a stronger sense of community, which can improve overall well-being.”
Noida Expressway
The Noida-Greater Noida Expressway witnesses better connectivity, infrastructure, population density, and urban settlements. This corridor is a flashpoint for retail and commercial developments due to its excellent connectivity to the Jewar Airport via the Yamuna Expressway. In addition, this expressway ends the distance between Noida and other NCR areas, such as Delhi, Faridabad, Greater Noida, Ghaziabad, and Gurugram. It also makes movement between prime areas of Nodia easier due to the Aqua Metro line of the Noida Metro Rail Corporation (NMRC). It also offers connectivity advantages due to its closeness to the FNG Expressway and the Yamuna Expressway.
A JLL report states that retail developers are looking to launch new projects in Delhi-NCR to expand their retail footprints. Orion director Dushyant Singh says, “The Noida Expressway has quickly transformed into a bustling center for retail and commercial projects, fueled by its strategic location, excellent connectivity, and robust infrastructure. Its proximity to Delhi and integration with major highways and metro lines have made it a prime destination for businesses and investors.”
The area around the expressway is also witnessing a sharp rise in commercial investment. “A key factor in this growth is the availability of ample development space. The area along the expressway has experienced a boom in high-end commercial complexes, IT parks, and shopping malls. Prominent developers have capitalized on this opportunity, creating state-of-the-art office spaces and retail hubs that attract multinational corporations and renowned retail brands,” he adds.
Conclusion
Dwarka Expressway, Sohna Road, and Noida Expressway have unparalleled growth prospects as smart micro markets due to tactical infrastructure projects and robust connectivity. In addition, factors like prime locations for luxury living, commercial powerhouses, resilient investment opportunities, and holistic urban environments make these regions big realty hubs in North India.