Prime Minister Narendra Modi's inauguration of the Haryana section of the Dwarka Expressway on March 11, 2024, marked a pivotal moment for Gurgaon's real estate sector. This long-awaited infrastructure project, hailed as a game-changer, promises to significantly impact the region's property market, industry dynamics, population distribution, environmental conditions, and economic activities. Barely a week since its opening, the expressway has ignited a wave of optimism and enthusiasm among investors, developers, and homeowners, underscoring the dawn of a promising era for Gurgaon's real estate sector.<figure class="image"><img src="https://www.signatureglobal.in/blog/wp-content/uploads/2024/03/Industry-News-8-1.jpg" alt=""></figure>The impact of the expressway began to register a year ago. Surveys conducted by real estate agencies on the sales of housing units in and around the new sectors have shown tremendous outcomes in 2023. The data suggests that this area experienced a 60 to 70 percent growth in housing sales compared to the overall sales in Gugaon, indicating exponential growth in recent years. Interestingly, the data also suggests that the maximum sales occurred in under-construction projects or <a href="https://www.signatureglobal.in/signatureglobal-deluxe/">newly launched real estate projects</a>. According to a report, the year 2023 witnessed more than a 160 percent growth in the launch of new housing units compared to 2022, signifying significant urban development in Gurgaon, credited largely to superb infrastructure like the Dwarka Expressway.Originally known as the Northern Peripheral Road (NPR), the Dwarka Expressway serves as a vital link between Delhi and Gurgaon, designed to alleviate traffic congestion between the two cities and enhance connectivity. Its inauguration not only signifies the successful completion of a crucial infrastructure project but also heralds the dawn of a new era for Gurgaon's real estate sector, as emphasized by Prime Minister Narendra Modi and Minister of Road Transport and Highways (MoRTH) Nitin Gadkari.One of the most immediate impacts of the Dwarka Expressway opening is the boost it provides to property values along its corridor, with prices soaring within just seven days. Properties located in proximity to the expressway continue to witness a surge in demand due to improved connectivity and accessibility, making them more attractive to prospective buyers and investors. Areas such as Sector 75 to 115 directly benefit from the expressway's connectivity and are likely to experience continued rapid appreciation in real estate prices.Moreover, the inauguration is expected to spur a flurry of related infrastructure development and investment in the vicinity. With better road connectivity and enhanced accessibility, real estate developers are likely to expedite their projects along the expressway, ranging from residential complexes to <a href="https://www.signatureglobal.in/commercial/">commercial spaces</a>. It is strongly believed that this surge in construction activities will create employment opportunities and stimulate economic growth in the region.Furthermore, the opening of the expressway has the potential to redefine the residential and commercial landscape of the city. Improved connectivity to Delhi's international airport and other key areas in the National Capital Region (NCR) will make Gurgaon a more attractive destination for businesses and professionals nationwide. Consequently, the demand for office spaces and commercial properties in Gurgaon is expected to witness an upswing, driving rental yields and capital appreciation for investors. <a href="https://signatureglobal.in/">Signature Global</a>, one of the city’s most trustworthy real estate promoter, believes that the Dwarka Expressway is the lifeline of Gurgaon and a significant boon for its residents.

Expressway Evolution: Gurgaon's Real Estate Revolution