Delhi NCR

Genuine Bequest Boom on Dwarka Expressway and Noida-Greater Noida Expressway: Key Drivers and Advertise Trends

The Delhi-NCR region’s two major expressways—the Noida-Greater Noida Expressway and Dwarka Expressway—have been essential in driving a genuine bequest surge, making these areas hotspots for property venture. A later examination by Moneycontrol highlights a critical property cost rise along these passages, with normal costs in recently propelled ventures along both expressways expanding by over 100% from 2021 to 2024.

Highlights of the Genuine Domain Boom Along Key Expressways

  1.  Expressways Included:

Dwarka Expressway (interfacing Gurugram to Delhi’s Dwarka and IGI Air terminal) and Noida-Greater Noida Expressway (connecting Noida, More noteworthy Noida, and the up-and-coming Noida Universal Air terminal through Yamuna Expressway).

  2.  Property Cost Growth:

  •  Dwarka Expressway: Property costs rose by around 101% from Rs 8,630 per square foot (psf) in July 2021 to Rs 17,357 psf in July 2024.

  •  Noida-Greater Noida Expressway: Costs expanded by around 165% from Rs 6,568 psf in July 2021 to Rs 17,428 psf in July 2024.

  •  Total Units Propelled: Over 22,000 private units propelled along these passages between 2021 and 2024.

Key Variables Driving Request and Appreciation

  1.  Enhanced Connectivity:

  •  Dwarka Expressway: Offers consistent get to to Gurugram, Dwarka, and IGI Airplane terminal, essentially facilitating commuting for residents.

  •  Noida-Greater Noida Expressway: Gives fast get to to key sub-cities and will interface to Noida Worldwide Airplane terminal, with Yamuna Expressway expanding network to Agra, Lucknow, and Eastern Uttar Pradesh.

  2.  Strategic Area and Infrastructure:

  •  Both expressways are central to major financial center points, counting Review A office spaces, retail centers, and social foundation like schools and hospitals.

  •  Proximity to Air terminals: Get to to IGI Air terminal through Dwarka Expressway and future network to Noida Universal Air terminal by means of Noida-Greater Noida Expressway improve their vital importance.

  3.  Rising Cost Focuses and Showcase Demand:

  •  Current Advertise Costs: Normal cost for modern ventures along both expressways is roughly Rs 17,000 to Rs 18,000 psf, with a few modern ventures propelling at Rs 20,000 to Rs 25,000 psf.

  •  Increased Renting Action: Over 10 million sq ft of office