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The Dwarka Expressway real estate market has seen a remarkable increase in property values, suggesting a favourable trend in the overall real estate properties. The study highlights the significant increase in property values in a number of Dwarka Expressway areas, offering insightful data on how Gurgaon’s real estate market is changing.
When compared to the average rates of Rs 9,600 to Rs 10,000 per sq. ft. reported in Q4 2022, the total average property price on the Dwarka Expressway in Q4 2023 varied between Rs 11,300 and Rs 11,700 per sq. ft. indicating a significant rise.
The average price for Q3 2023 was between Rs 10,500 and Rs 10,800 per square foot, which is an impressive 6.5% quarter-over-quarter growth and a 14.3% year-over-year gain.
Sunil Sisodiya, the creator of Geetanjali Homestate, remarked on the results, saying, “The robust growth observed in Dwarka Expressway’s real estate market reflects the resilience and attractiveness of this region.”
The consistent demand for high-quality residences in the region is demonstrated by the year-over-year increase in property prices. For developers, investors, and buyers of real estate looking for information on the changing patterns along the Dwarka Expressway, this paper is an invaluable resource.
The Several Sectors Are In Demand Along With The Dwarka Expressway:
Sector 102 Gurgaon
Sector 102 Gurgaon is situated on the Dwarka Expressway, has had a notable 34.5% annual rise, with average property prices in Q4 2023 ranging from Rs 10,500 to Rs 10,700 per sq. ft. In comparison to prices in the range of Rs 9,900 to Rs 10,100 per sq. ft. in Q3 2023 and Rs 7,400 to Rs 7,600 per sq. ft. in Q4 2022, there was a 6% quarterly gain.
Sector 37D Gurgaon
Sector 37D Gurgaon offers mid-range budget residential units, had a notable 36.8% year-over-year gain in Q4 2023, with average property prices ranging from Rs 12,000 to Rs 13,000 per square foot. In contrast, prices ranged from Rs 7,500 to Rs 8,000 per sq. ft. in Q4 2022 and from Rs 11,800 to Rs 11,950 per sq. ft. in Q3 2023. The quarter-over-quarter rise was 1.4%.
Sector 36A Gurgaon
The average price of real estate in Sector 36A, Gurgaon is close to the Dwarka Expressway increased significantly in Q4 2023, rising from Rs 13,900 to Rs 14,100 per square foot, a significant year-over-year rise of 31.2%. For the same time period, the rise from quarter to quarter was 24.5%. The average price ranged from Rs 10,150 to Rs 10,350 per square foot in Q4 2022 to Rs 10,850 to Rs 11,050 per sq. ft. in Q3 2023.
Sector 104 Gurgaon
Situated on the Dwarka Expressway, Sector 104, Gurgaon offers a mix of completed and unfinished housing units. In Q42023, average property prices in Sector 104 increased from Rs 10,100 to Rs 11,500 per square foot, representing a 19.7% annual gain. For the same time, there was a 1.5% quarter-over-quarter gain. The average price per square foot in Q4 2022 was between Rs 8,100 and Rs 8,500, while in Q3 2023 it was between Rs 9,700 and Rs 9,900.
Sector 99 Gurgaon
Sector 99 Gurgaon is dominated by land plots and ready-to-move-in flats, showed strong results in Q42023, with average prices between Rs 10,500 and Rs 11,000 per square foot, indicating a noteworthy 31.7% year-over-year gain. For the same period, there was a 5.5% rise from quarter to quarter. The average price per square foot varied from Rs 7,100 to Rs 7,525 in Q4 2022 and from Rs 9,900 to Rs 10,100 in Q3 2023.
Sector 108 Gurgaon
Sector 108 Gurgaon is a mid-income neighbourhood that specializes in residential apartment building. In Q42023, average property prices in Sector 108 increased to Rs 12,925 per sq. ft. representing an 18% year-over-year rise. For the same time frame, the growth from quarter to quarter was 7.2%. The average price per square foot varied from Rs 10,500 to Rs 11,075 in Q4 2022 and from Rs 11,900 to Rs 12,200 in Q3 2023.
Sector 106 Gurgaon
Sector 106 Gurgaon is well situated along the Dwarka Expressway, saw strong year-over-year growth of 12.5% in Q4 2023, despite a minor decline in QoQ of 0.8%. In this sector, the average price of a property was between Rs 11,900 and Rs 12,575 per square foot; in Q4 2022, prices were between Rs 10,400 and Rs 11,000, and in Q3 2023, they were between Rs 12,000 and Rs 12,125 per square foot.
Sector 113 Gurgaon
Sector 113 Gurgaon saw an 11% year-over-year increase in Q4 2023. The average price of a house their ranges from Rs 12,900 to Rs 13,100 per square foot. For the same period, there was a 5.5% rise from quarter to quarter. The average price per square foot varied from Rs 11,500 to Rs 11,750 in Q4 2022 and from Rs 12,200 to Rs 12,400 in Q3 2023.
Property values along the Dwarka Expressway have shown a steady and strong growth trajectory, according to the statistics, making it a desirable location for developers, investors, and prospective purchasers.
Source-ET
