Tag Archives: Dwarka real estate

Delhi’s Top 5 Rental Income Spots in Dwarka

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In Delhi, Dwarka is a possibility for investors who want to earn a lot of money from their investments but can’t find the perfect neighborhood. Its abundance of residential options attracts tenants and end users, and it is supported by infrastructure projects like the Dwarka Expressway and its proximity to Gurgaon’s employment hubs. Are you looking for some hidden rental gems in Dwarka? Continue reading to discover the best Dwarka neighborhoods with high rental income. 

The planned Delhi suburb of Dwarka has quickly grown to become a sanctuary for investors looking for high rental yields. Its advantageous location and strong road and metro rail connections to Delhi’s and Gurgaon’s premier business and residential areas are the main causes. The presence of several educational institutions adds to its allure as a place to live.

The growth of business hubs in Sectors 24, 25, and 26 may cause a rise in rental demand in the region’s real estate market. Let us investigate the best places in Dwarka that have the potential to generate large rental income. 

Best places in Dwarka to rent a property for the most money

Dwarka is one of the best areas of Delhi to live in because of the abundance of educational institutions and easy access to business centers. Due to Dwarka’s growing appeal as a residential area, several neighborhoods have emerged as the best places to obtain high rental income. 

Read this article through to learn more about the area.

Sector 10, Dwarka 

The demand for rentals in Sector 10, Dwarka, is driven by prestigious educational institutions like Guru Gobind Singh Indraprastha University (GGSIPU) and Netaji Subash Institute of Technology. Urban Extension Road 2 further makes it simple for Sector 10 Dwarka to travel thirty minutes to two major employment centers: DLF Cyber City and Udyog Vihar. These elements contribute to Sector 10’s popularity as a residential area in Dwarka among young people and professionals, placing it among the best areas in the city to rent an apartment. Three-bedroom flats, which range in price from Rs 1.85 to Rs 3.98 crore, compose the bulk of the housing stock in Sector 10, Dwarka. 

The average property rate in Dwarka Sector 10 is Rs 12,750 per sqft. 

Also mentioned favorably by the locals in their evaluations of Sector 10, Dwarka, are the accessibility of key social amenities and modes of transportation.

The following highlights a few of the well-known ones: 

  • The area is home to Vandana International School, GD Goenka International School, and Venkateshwar International School.
  • Ayushman, Max Super Speciality, and Indira Gandhi are just a few of the medical facilities that border the area.
  • Having a dedicated metro station enhances the connectivity of the Delhi Metro Blue Line. 

Sector 19, Dwarka 

To the list of the greatest locations in Delhi Dwarka for the highest rental income, add Sector 19, Dwarka. There are many different kinds of apartments in the area, the most common are three and four bedrooms. While 4BHK apartments in Sector 19, Dwarka, start at about Rs 2.3 crore, 3BHK apartments start at Rs 1.2 crore. The average property rate in Dwarka’s sector-19 is Rs 12, 350 sqft. 

Furthermore, people have realized the advantages of residing in Sector 19, Dwarka because of its strong connectivity to the employment hubs of DLF Cyber City and Udyog Vihar in Gurgaon via Urban Extension Road-2. Housing demand is anticipated to increase due to the planned Dwarka stretch of the Dwarka Expressway, which will only improve connectivity. 

Many residents’ reviews surprisingly list easy access to schools, hospitals, and malls as one of the best things about Sector 19, Dwarka.

Dwarka’s Sector 17 

Sector 17, Dwarka, is one of the best neighborhoods in Dwarka for high rental income, with employment centers like Udyog Vihar and DLF Cyber City within a 15-kilometer radius. A fair amount of the housing supply includes builder floors alongside residential apartments. A three-bedroom apartment in Sector 17, Dwarka, costs approximately Rs 1.35 to Rs 3 crore. The average property rate of Dwarka’s Sector-17 is Rs 10,000 sq ft. 

Reviews of Sector 17, Dwarka, indicate that because of police presence, it is a safe area to rent an apartment. Additionally, the sector has easy access to metro and e-rickshaw transportation options. 

Because Sector 17, Dwarka, is close to many social and retail amenities within a four to five-km radius, it is also well-liked by tenants and buyers. These amenities include:  

  • Schools: Sarvodaya Vidyalaya, Mother’s Pride, and Government Co-ed Senior Sec.
  • Hospitals: Ayushman Hospital, Venkateshwar Hospital, and Grace Hospital 
  • Shopping malls: Vegas Mall, Soul City Mall, and City Centre Dwarka

Sector 11, Dwarka

The Delhi Development Authority’s (DDA) Sector 11, Dwarka, is a posh housing destination with multiple residential communities. Due to its convenient proximity to employment centers and educational institutions, this sector benefits from a strong demand for housing and rentals. The buyer is looking for 3 BHK apartments in Sector 11, Dwarka, with a budget of Rs 1.5 crore and Rs 4 crore. Dwarka Sector Rate’s average property rate is Rs 13,000 per sqft. 

Although LBS Institute of Management is located in the area, several colleges of Delhi University, IP University Campus, and Netaji Subash Institute of Technology are all five kilometers away. Furthermore, it is easily accessible to Gurgaon’s DLF Cyber City through UER-2.

Additionally, DDA intends to establish new business hubs in Dwarka’s Sector 24, 25, and 26, all within a 15-minute drive. This commercial expansion will likely increase demand for housing in the area, making it one of the best places in Dwarka to get the highest rental income.

A further reason for the generally positive reviews of Sector 11, Dwarka is its convenient access to daily amenities. Prominent social services in the vicinity of the sector include: 

  • St. Gregorios School, MDH International School, and MBS International School are the schools. 
  • Hospitals: Medeor Hospital, Max Super Speciality Hospital, and BENSUPS Multispeciality Hospital 
  • Shopping Hubs: Sector 11, Market, Vegal Mall, and Soul City Mall 

Sector 18A, Dwarka

One of the best places in Dwarka, to get the highest rental income is Golf Course Road, Sector 18 A. One of the main factors contributing to its popularity as a well-known housing hub is its easy access to important locations, such as: 

  • Golf Course Road makes it only a 30-minute drive to Udyog Vihar and  DLF Cyber City.
  • Nearby colleges include National Law University, IP University, and several others. 
  • In the vicinity of Dwarka Sectors 24, 25, and 26, the soon-to-be business hub

In their evaluations of Sector 18A, Dwarka, the locals have mentioned how convenient it is to the Delhi Metro’s Blue Line and how many schools, colleges, hospitals, and other recreational facilities are nearby.

Plenty of 3BHK and 4BHK apartments are available for purchase in Sector 18A, Dwarka, with prices ranging from Rs 2 crore to Rs 4 crore. The current average property price in Dwarka Sector 18A is Rs 13,100 sqft.

The Dwarka Expressway is driving the real estate revival in Gurgaon

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With the Dwarka Expressway, businesses, residents, and investors stand to gain much from the promise of better accessibility and enhanced connectivity. 

Gurgaon’s real estate market has experienced a surge in activity due to the Dwarka Expressway, drawing interest from investors and homebuyers. In the history of Gurgaon’s development, this corridor marks a critical turning point that will transform the city’s skyline and spur economic growth. In addition to increasing property values, the expressway has spurred economic activity nearby and electrified infrastructure to expand. Gurgaon is currently a leader in India’s growing real estate market, drawing interest from domestic and international markets. The Dwarka Expressway is creating a lot of talk, highlighting how important it will be in deciding Gurgaon’s status as a vibrant and future metropolis. 

The real estate market in Gurgaon is experiencing a notable upswing, primarily due to improved connectivity between Delhi and Gurgaon. Maintaining the growth pace relies heavily on the central peripheral road, which is essential between the Dwarka Expressway and Sohna Road via the Southern Peripheral Road (SPR). The recent opening of the Dwarka Expressway’s Haryana segment by Prime Minister Narendra Modi is expected to improve traffic flow and reduce congestion between Delhi and Gurgaon. Experts in real estate note that the Dwarka Expressway in Gurgaon is growing in popularity as a residential area and predict the construction of opulent residential complexes shortly. Furthermore, a rise in housing prices is inevitable due to the expressway’s operationalization, as this will reflect its increased accessibility and desirability. 

The Dwarka Expressway Gurgaon corridor has become a popular residential area, attracting buyers with its varied housing options and better infrastructure. Reputable builders have contributed to this boom by starting several projects nearby, enhancing Gurgaon’s standing as a top destination for real estate investment. 

Over the last ten years, the area has witnessed the arrival of about 53,000 new housing units, of which more than 80 percent have already been snatched up by eager buyers, according to data from real estate consultancy Anarock. The primary residential market along the Dwarka Expressway has experienced a surge in average property rates due to strong demand. As of the end of 2013, the rates have risen from Rs 4,530 per square foot to Rs 8,300. This demonstrates the corridor’s appeal and bright future for successful real estate endeavors. 

The Dwarka Expressway passes through several important Gurgaon sectors, including 81 to 115. Its catchment area includes sectors 36A, 36B, 37D, 88B, 99, 102, 103, 104, 106, 107, 108, and 109. It is noteworthy for having connections to the Delhi Mumbai Expressway, Manesar Road, and Pataudi Road. With the completion of the Haryana section of the expressway, developers are hopeful that their recent investments will finally pay off. This corridor is said to have delivered about 150 residential projects, and more high-end projects are expected to be launched soon. The opening of this crucial road infrastructure is expected to have a major effect on neighboring Delhi, especially on the residential zones in different villages, as well as revitalize areas within Gurgaon. 

The Dwarka Expressway may also be of major benefit to the economy, directing the development of Gurgaon. Its revolutionary effects on the real estate industry and the broader economy highlight the significance of infrastructure in prompting growth and prosperity. Gurgaon is positioned to become a model for sustainable urban development and economic prosperity in India due to the expressway’s opening up new investment and connectivity opportunities. 

Wide-ranging effects include increased economic activity, job creation, and improved liveability for the region, expected from this infrastructure project. With the Dwarka Expressway, businesses, residents, and investors stand to gain much from the promise of better accessibility and enhanced connectivity. Gurgaon is well-positioned to demonstrate its potential as a dynamic and vibrant economic hub that will propel innovation, growth, and prosperity for years as it embarks on this path of significant change. 

Gurugram real estate prices after the opening of the Dwarka Expressway

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One of Gurgram’s primary residential hubs is now the Dwarka Expressway. Plans call for constructing upscale residential structures alongside business and retail ventures. 

On March 11, Prime Minister Narendra Modi officially opened the Haryana section of the Dwarka Expressway. It will improve traffic flow and lessen congestion on NH-48 between Delhi and Gurugram. Real estate experts say the Dwarka Expressway in Gurgram has become a significant residential hub. Plans call for the opening of commercial and retail buildings in addition to upscale residential properties. With the expressway now operational, housing prices should also gradually increase. 

At an approximate cost of Rs 4,100 core, the 10.2-km Delhi-Haryana Border to Basil Rail-over-Bridge (ROB) and the 8.7-km Basai ROB to Kherki Daula compromise the two packages of the Dwarka Expressway’s Haryana segment.  

I will offer direct access to the Gurugram Bypass and Delhi’s IGI Airport. A backup connection between Delhi and Gurgaon has to help ease traffic congestion. 

Residential clusters are starting to appear alongside the Dwarka Expressway.

The Dwarka Expressway has enhanced connectivity between Delhi and Gurgram and allowed the growth of residential clusters alongside it, according to a JLL analysis. The region’s transition into a priority development zone is the primary driver of the cluster’s overall growth. 

In 2023, 12,409 residential units were sold in this submarket, making up 66% of all sales in Gurgaon. In comparison to 2022, sales increased by 67%. The incredible value of these residencies was Rs 25,000 crore. 97% of these 12,409 units were still in construction when they arrived for sale. According to the JLL analysis, customer confidence in these under-construction projects is rising with their timely completion. 

The new hub for upscale debuts in Delhi NCR is the Dwarka Expressway-New Gurgaon cluster. This submarket was home to 11,270 dwelling units in total in 2023, accounting for 69% of Gurgaon’s total launches. According to the analysis, 4,231 units went on sale in 2022, a 166% increase over the previous year. 

Notably, this submarket is also seeing the launch of high-end projects. Up to 38% of the new launches in this cluster had a budget of at least Rs 2.5 crore. 

A few project launches saw all of their sales within a few days of their launch, and the launches received demand, according to Samantak Das, Chief Economist and Head of Research at REIS, India, JLL. 

Since CY2022, real estate developers have spent over Rs 3,100 crore purchasing roughly 175 acres of land in this submarket over 17 different transitions.

Since 2022, real estate developers have purchased about 175 acres of land in this submarket through 17 transactions totaling more than Rs 3,100 crores. Ritesh Mehta, Senior Director and Head (North and West), Residential Services and Developer Initiative, JLL India, stated that in addition to outright purchases, developers have signed JDAs/JVs for over 30 acres in this submarket to develop real estate projects in the past year. 

In 2023, this cluster saw the construction of over 11,000 housing units. In this submarket, 29,742 units are presently under construction. RRemarkably, 13, 476 (45%) of the projects listed as still in progress should be completed by 2024. 

The average capital value of the submarket increased by 15% from 2022 to Rs 10,000 per square foot in 2023. A more equitable price increase could happen as more products arrive in each submarket category. According to the JLL analysis, new phases of earlier projects are entering at higher prices due to the strong demand from buyers. 

“Even though the project missed a lot of deadlines, the better infrastructure in and around the area as of today will undoubtedly improve the real estate prospects of the region. In the meantime, more than 10,515 housing units in the area will get ready for occupancy, according to Santosh Kumar, vice chairman of ANAROCK Group. 

Effect on pricing and demand 

End users’ demand has increased due to improved connectivity from Dwarka and other areas of West Delhi. Most of these buyers want to move into apartments with modern amenities, like assigned parking spaces, to raise their quality of life. 

From 2013 to 2023, almost 53,030 units in a range of price points were introduced here, according to ANAROCK Research. Between 2020 and 2023, the average price of real estate in the area increased by a substantial 41%, from Rs 5,890 per square foot in 2020 to almost Rs 8,300 in 2023. Now that the Expressway is starting to operate, this may continue north. 

The project will completely transform Delhi to Gurgaon connectivity. In addition to cutting down on travel time, the expressway’s route through important locations like Harsaru, Pataudi Road, Farrukhnagar, and several Gurgram sectors will help to boost demand for real estate in recently developed areas, which has dropped because of poor accessibility. 

“This groundbreaking connection between Indira Gandhi International Airport and Dwarka Sector 21 is evidence of the government’s dedication to improving the quality of life for its citizens and promoting development in the surrounding area,” stated Mudassir Zaidi, Executive Director– North at Knight Frank India. 

The founder and CEO of Simplease, Gundeep, notes that property values along the Dwarka Expressway have increased. Going forward, new launches for major developers should cost more than Rs 20,000 per square foot. 

Recent months have seen a spike in the area’s real estate prices due to demand from Delhi. “Due to the area’s proximity to the capital, several individuals from Dwarka and particular parts of South Delhi are considering moving there. He claims that local residential developments’ amenities and lifestyles appeal to buyers. 

According to Pradeep Mishra, the founder of Homents and an expert in real estate, the Dwarka Expressway’s opening will facilitate access to the area and encourage more end users to buy property along the belt. 

The History 

Brokering properties in the market since 2011, Mishra says most of the developments launched along the stretch back in 2011 have prices between Rs 2500 and Rs 2700 per square foot. In 2012, these went up to about Rs 3,500 per square foot. At the close of 2013, a few developers entered the market with projects priced between Rs 6000 and Rs 7000 per square foot. After COVID-19, prices only marginally increased to Rs 7500 per square foot, with the focus being on unsold inventory. 

The news that the road would eventually open affected 2022-2023 real estate prices, with almost all new projects starting at about Rs 10,000 per square foot. Future releases are anticipated in the market, primarily in the luxury segment, pierced between Rs 18,000 and Rs 19,000 per square foot thanks to improved connectivity. According to him, the price per square foot of housing units in the secondary market is between Rs 13,000 and Rs 15,000. 

“Recently, the market has seen a rise in interest from buyers from West and South Delhi who wish to relocate to apartment buildings with contemporary features and assigned parking spaces. Non-resident Indians have also invested in projects along Dwarka Expressway,” he said.

According to Vineet Chellani, CEO and founder of Asset Deals, property values have increased in the market during the last four years. Buyers are end users who sold their South and West Delhi properties and moved into apartments with modern amenities. He thinks that prices in the area are likely to go up further. He predicted that “commercial properties too will witness increased traction going forward.”

The residential segments along the belt have seen a significant price increase, particularly in the premium and luxury segments, according to CBRE India. Luxury project prices (above Rs 4 crore) increased from 12% in 2022 to 26% in 2023. In 2022 and 2023, prices in the premium segment
(Rs 2 crore and Rs 4 crore) rose by 19% and 34%, respectively. The cost of projects in the mid-segment (Rs 45 lakh to Rs 1 crore) increased from Rs 10% in 2022 to 12% in 2023.

Are you thinking of renting an apartment? 

The cost of a 1500-1800 square foot apartment in a gated community near the Dwarka Expressway can range from Rs 30,000 to Rs 40,000 per month for a 3BHK unit. A 2 BHK has a marginally lower rent. According to him, the monthly rental costs of 4BHK apartments range from Rs 45,000 to Rs 50,000, while villas cost between Rs 1 lakh and Rs 1.5 lakh. Along the belt, there are also a few studio options accessible, claims Mishra.  

Unsold stock 

The Dwarka Expressway will undoubtedly change the surrounding real estate market. The ten-year wait for the expressway has already sparked a boom in residential construction, particularly in the areas that connect Delhi and Gurgaon. 

“We are seeing a promising decline in unsold inventory levels in these sectors, from a significant 25-30% 8-10 years ago to a mere 7-8% now,” stated Anshuman Magazine, chairman and CEO of CBRE’s India, South-East Asia, Middle East & Africa. “With the expressway now complete.”

Prospects for the future 

All parties involved in this significant public infrastructure project will profit once the expressway opens. It will also positively affect all kinds of assets. Future developments will include retail and commercial spaces, according to the JLL analysis. 

In the coming years, the belt will see an increase in premium residential properties and commercial and retail developments. In response to the growing demand, developers will continue to buy land parcels to begin new residential developments. It stated that residential launches will pick up steam in all price ranges.