The National Capital is brimming with opulent home options and residential hotspots. Dwarka Expressway, Sohna Road, and Noida Expressway have seen a massive turnaround in terms of both residential and commercial real estate investments.

Dwarka Expressway

The completion of key infrastructure projects and recent policy decisions have played a crucial role in the ascension of New Gurugram or the Dwarka Expressway. With the Gurugram section of the Dwarka Expressway inauguration and the Haryana Government approving a Rs 99.5 crore project to construct service roads on both sides of the expressway, real estate experts predict a surge in residential and commercial investments by top developers and property buyers.

Post-pandemic, luxury residences are selling rapidly. Despite rising prices, demand for luxury homes remains steady. The idea of owning a luxury home has captivated young and ambitious homebuyers, who see it not only as a status symbol and lifestyle upgrade but also as a major investment with long-term appreciation potential. Luxury homes and condominiums, starting at 1.5 crores, have seen an average price increase of 24% over the last five years across India’s top seven cities: National Capital Region (NCR), Hyderabad, Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Chennai, and Kolkata, according to a recent Anarock report. In NCR, luxury residential property prices have appreciated by 22% over the past five years.

Anarock’s data highlights a significant rise in demand for luxury residences in both pre-and post-pandemic years, driven largely by Millennial and Gen-Z homebuyers.

Mr. Vikas Garg, Joint Managing Director, Ganga Realty, commented, “Dwarka Expressway, especially micro markets such as Sector 84 and 85 have become favorable zones for luxury housing purchases. The rapid development of infrastructure, extensive connectivity improvements, and the introduction of luxury housing projects have driven up property values in Sector 85 and neighboring areas. Concurrently, there has been a significant surge in property demand recently. 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.”

Sohna Road

Mr. Saransh Trehan, Managing Director, Trehan Group, commented, “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. 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. In response to the growing demand for sustainable and health-oriented living, developers and urban planners are designing new micro-markets and suburbs that focus on natural features and healthy lifestyles. This trend is expected to persist as more people aim to prioritize their physical and mental health in their daily lives.”

Noida Expressway

In addition to rapidly becoming a hotspot for retail and commercial developments, including shop-cum-offices and high-street projects, the Noida-Greater Noida Expressway excels in various key areas such as connectivity, infrastructure, population density, and urban settlements. The corridor offers excellent connectivity to the upcoming Noida International Airport/Jewar Airport via the Yamuna Expressway, with travel time under one hour. It also provides easy access to major cities in the National Capital Region (NCR) including Delhi, Greater Noida, Ghaziabad, Faridabad, and Gurugram. The Aqua Metro line of the Noida Metro Rail Corporation (NMRC), which connects Noida to key areas of Greater Noida like Pari Chowk and Knowledge Park, further enhances the expressway’s appeal.

The Noida Expressway has emerged as a prime area for commercial and retail developers, driven by rising consumer demand for high-quality offices, malls, and retail structures, thanks to the rapid increase in residential settlements along the corridor. According to the latest JLL report, retail developers are eager to launch projects in lucrative areas to expand their retail footprints. The report projects a 45% increase in new retail real estate space from the current 91 million sq ft across seven major cities, including Delhi-NCR, by 2028. Delhi-NCR is expected to capture a significant portion of this growth, accounting for 34% of the retail stock supply.

Dushyant Singh, Director, Orion One 32, stated, “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. 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.”

Shiven Vikram Bhatia, Executive Director, Splendor Group, said, “The Noida Expressway has emerged as a key hub for retail and commercial real estate expansion in the National Capital Region (NCR). Its strategic location, excellent connectivity to Delhi and major highways, and robust infrastructure make it an attractive destination for businesses. The area has seen a surge in high-end commercial complexes, IT parks, and shopping malls, attracting multinational corporations and well-known retail brands. This growth is further supported by ample space for new developments, modern amenities, and supportive government initiatives, solidifying the Noida Expressway as a commercial powerhouse in the region.”