Dwarka, located in Delhi, has quickly become a top choice for property buyers and investors. The area’s strong infrastructure, easy connectivity, and well-planned amenities are key reasons for this rise. This article breaks down why Dwarka is now a prime spot for real estate and what makes it an attractive option for the future.
Location and Connectivity Boost Dwarka’s Appeal
Dwarka’s location is one of its biggest strengths. It is close to the Indira Gandhi International Airport, making it convenient for frequent travellers. The Dwarka Expressway also connects the area to other key parts of Delhi and the National Capital Region (NCR). This makes commuting smoother for those living in Dwarka. The area’s well-designed infrastructure is another draw. Dwarka has wide roads, green parks, and all modern amenities that make life comfortable. The Delhi Metro’s extension into Dwarka adds even more value, making it easier for residents to travel across the city.
Commercial Growth and New Developments
Dwarka is not just growing in residential projects; it is also becoming a commercial hub. New IT and IT-enabled services (ITES) hubs are coming up, adding to the area’s business appeal. The India International Convention and Expo Centre (IICC) in Sector 25 is set to be India’s largest convention centre. This development is expected to bring more business to Dwarka and create a higher demand for both homes and office spaces.
Also a Newly Announced project commercial project by Omaxe in Dwarka sector 19b. Known as India’s First Integrated Multi-sport and Retail Hub within 54 acres of area with a budget of more than Rs, 1500 Crore. This will be a massive development in Dwarka and it will have an International cricket and football stadium with more than 42,000 seaters with a 2,000-seater indoor Arena.
Another major development is the proposed Diplomatic Enclave. This will boost Dwarka’s market value in future of the real estate market of Delhi. Experts believe that these new projects will attract both buyers and investors, increasing the area’s property value.
Rising Property Prices Reflect Growth
Property prices in Dwarka have seen a steady rise. As per recent data, the average price of residential properties has gone up by 28% from 2019 to Q1 2024. This makes Dwarka one of the fastest-growing areas in Delhi’s real estate market. The current average price is around Rs 11,100 per square foot. The commercial real estate sector is also rising day by day. With the development of IT hubs and the IICC, the demand for office spaces is increasing. This growth is likely to continue, making Dwarka a solid choice for real estate investment.
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Government Efforts and Infrastructure Projects
The government is playing a key role in Dwarka’s growth. The Delhi Development Authority (DDA) has set aside Rs 7,900 crore for new projects in the area. These include the construction of 4,300 new homes and the development of the 200-acre Bharat Vandana Park in Sector 20. This park will feature replicas of Indian monuments, sports complexes, and community spaces. Another important project is the Urban Extension Road-II (UER-II). This 75-kilometer road will cut travel time to the airport and other parts of Delhi. This will make Dwarka even more accessible, adding to its real estate appeal.
Dwarka is fast emerging as a top real estate destination in Delhi. Its location, strong infrastructure, and new developments make it a prime choice for buyers and investors. With property prices on the rise and more projects in the pipeline, Dwarka’s future looks bright for real estate. If you are considering a property investment, Dwarka is definitely worth a closer look.
