Geetanjali Homestate, a leading real estate consulting firm, has released its latest Property Pricing Report for Gurugram’s Dwarka Expressway, highlighting a notable surge in property values since the expressway’s grand opening. The report shows a significant average price increase of 15.86% across various sectors along the expressway, with some areas witnessing even more substantial growth.
Analyzing property prices from March 2024 to September 2024, the report finds that sectors adjacent to the Dwarka Expressway have experienced remarkable price hikes, with several surpassing a 20% increase. This surge reflects the rising demand fueled by improved connectivity and enhanced infrastructure in the region.
Sector 37 D saw a staggering 27.58% jump in prices, moving from Rs. 8,700 to Rs. 11,100 per square foot. Similarly, Sector 108 experienced a 24.22% rise, with prices increasing from Rs. 14,450 to Rs. 17,950 per square foot. Other key sectors, such as 110A and 99A, also recorded substantial growth rates of 23.78% and 19.23%, respectively.
Sector-specific data further showcases the dynamic growth in the area. In Sector 113, prices jumped by 19.77%, from Rs. 13,400 to Rs. 16,050 per square foot, while Sector 99A witnessed a price surge of 19.23%, climbing from Rs. 7,800 to Rs. 9,300 per square foot. The data clearly reflects how infrastructural developments such as the expressway are playing a pivotal role in boosting real estate values.
On average, property prices along the expressway increased from Rs. 11,240 per square foot in March 2024 to Rs. 13,023 in September 2024.
Sunil Sisodiya, Founder of Geetanjali Homestate, attributes this price escalation to multiple factors, primarily the enhanced connectivity provided by the newly operational Dwarka Expressway. He also emphasized the area’s strategic location, being in close proximity to both residential and commercial hubs, which has attracted strong interest from investors and homebuyers alike.
“This price growth is a clear indication of the area’s emerging potential. The expressway not only connects crucial points within Gurugram but also offers seamless access to Delhi and other surrounding regions. This makes it a prime location for real estate investments,” said Sisodiya.
The report also predicts that Dwarka Expressway continues to attract attention and investment and property values in Gurugram are expected to maintain an upward trend, positioning the region as one of the most lucrative real estate markets in North India.
| Locality (Dwarka Expressway, Gurugram) | Avg. Prices as of September 2024 (In Rs per sqft) | Avg. Prices as of March 2024 (In Rs per sqft) | Deviation in prices in % (March to Sept 2024) |
| Sector 110A | 12,750 | 10,300 | 23.78% + |
| Sector 37 D | 11,100 | 8,700 | 27.58% + |
| Sector 36 A | 18,500 | 16,350 | 13.14% + |
| Sector 99A | 9,300 | 7,800 | 19.23% + |
| Sector 113 | 16,050 | 13,400 | 19.77% + |
| Sector 112 | 14,700 | 12,850 | 14.39% + |
| Sector 111 | 17,100 | 15,700 | 8.91% + |
| Sector 110 | 13,300 | 11,750 | 13.19% + |
| Sector 109 | 11,250 | 9,550 | 17.80% + |
| Sector 108 | 17,950 | 14,450 | 24.22% + |
| Sector 107 | 8,950 | 7,900 | 13.29% + |
| Sector 104 | 12,950 | 11,600 | 11.63% + |
| Sector 103 | 9,100 | 8,100 | 12.34% + |
| Sector 102 | 12,550 | 11,450 | 9.60% + |
| Sector 99 | 9,800 | 8,700 | 12.64% + |
| Total Avg. | 13,023 | 11,240 | 15.86 % |
About Geetanjali Homestate: Geetanjali Homestate is a leading real estate consultancy firm dedicated to providing expert advice and services to property buyers, investors, and developers in the Delhi-NCR region. With a deep understanding of the real estate market and a commitment to customer satisfaction, Geetanjali Homestate has established itself as a trusted partner in the journey of property ownership and investment.
