The top five reasons to invest in Dwarka, Delhi
Dwarka is a planned residential centre in Delhi that is divided into 29 sections. Because of its closeness to the Indira Gandhi International (IGI) Airport, metro connectivity, and impending infrastructural expansions, the neighbourhood has been a popular choice for property purchasers. Property rates in this area begin about Rs 4,100 per square foot. Additional incentives to invest in Dwarka, Delhi’s thriving housing sector, may be found here.
Dwarka in southwest Delhi has a wide range of residential alternatives, comprising flats, independent houses, and builder floor units. The seamless connection provided by the Delhi Metro Blue Line, great infrastructure, closeness to business centres, and a luxurious lifestyle are all appealing features that make the area a popular choice among homeowners. Furthermore, the development of Dwarka as a smart city under the Delhi Development Authority’s (DDA) smart city initiative has piqued the interest of real estate investors.
A high-end residential hotspot
Dwarka’s residential constructions mostly consist of low-rise DDA flats and some multi-story cooperative group housing organisations. Residential flats and builder floor units account for more than 90% of the housing supply in the area, according to report listings, with mid-sized 3 BHK units being the most popular. Over 200 ready-to-move projects in Dwarka have appreciated by more than 4% year on year (YoY). In the previous year, median costs have risen by more than 15% to roughly Rs 10,500 per sq. ft.
The existence of a significant variety of employed professionals and closeness to office buildings increase rental demand. The typical rent for a 2 BHK equipped property is roughly Rs 25,000 per month, while a 3 BHK unit can cost up to Rs 45,000 per month. Dwarka has an average rental yield of roughly 9% year on year.
Strong connection
Dwarka is one of Delhi’s most well-connected neighbourhoods. The primary thoroughfares that pass through the micro-market are Dwarka Road, Urban Extension Road, Pankha Road, and Najafgarh Road. The main locations with strong road connections include Delhi Cantonment, Janakpuri, Uttam Nagar, and Palam Vihar. Dwarka is also around 12 kilometres from Terminal 1 of the Indira Gandhi International (IGI) Airport. Dwarka is connected to several regions of Delhi via the Airport Express Line.
A slew of infrastructural projects are in the works.
The continuing Dwarka-Gurgaon Metro Line from Gurgaon Rezangla Chowk to Sector-21 Dwarka, as well as the Metrolite project, are two important active projects that would increase housing demand in this area. The projects are expected to be finished in 2023 and 2025, accordingly. Furthermore, the Delhi Development Authority (DDA) plans to renovate the neighbourhood, which will boost inhabitants’ quality of life. It will also aid in the resolution of traffic concerns, particularly on major thoroughfares. The proposed Dwarka Expressway would also help bridge the gap between West Delhi and Gurgaon while reducing traffic congestion on NH-48.
In Dwarka, the DDA will also build Delhi’s Second Diplomatic Enclave and Exhibition-cum Convention Centre. A multispecialty hospital by Max Healthcare is also in the works, as is a plan to build an international sports facility, a teaching hospital, and an Urban Extension Road II to improve connectivity in the region.
Dwarka is a sought-after residential centre among investors due to its excellent accessibility and public programmes. With the implementation of the aforementioned planned initiatives, mood is likely to improve even more.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
