Over the years, Gurugram’s real estate has been strengthened by large-scale infrastructure catalysts. Property prices have been rising steadily each quarter, fuelled by big-ticket projects like the Dwarka Expressway and Southern Peripheral Road (SPR). When it comes to high-end residential properties, both corridors have their own potential.
Property prices along SPR have increased at the fastest rate in five years, from Rs 7,690 per square foot in 2020 to Rs 18,000 per square foot by mid-2024, according to PropEquity. With projects totalling Rs 50,000 crore launched since 2022 and another Rs 50,000 crore planned over the following three years, the corridor has become the most active micro-market in the region.
On the other hand, according to a report by realty expert Knight Frank India, a CREDAI-Colliers-Liases Foras study estimates a 58% year-on-year surge in values of property located along the Dwarka Expressway since the last quarter of 2024, surpassing all other micro-markets in the country. With direct connectivity to Delhi and the airport, along with major infrastructure developments such as metro links and the Global City project, the corridor is all set for rapid transformation. It offers a broader inventory of under-construction luxury homes, appealing to investors looking for long-term capital appreciation.
Moreover, the infrastructural contrast between the two corridors is noticeable. As an alternate route to the IGI Airport, the Dwarka Expressway is 28.5 km long, with 10 km in Delhi and 19 km in Gurugram. Residents of Delhi, businesses, and foreign travellers can now more easily reach Gurugram thanks to this improved connectivity. Because of its accessibility, people now prioritize development and investment in the area surrounding the expressway.
What Did The Experts Say?
Nayan Raheja, Director, Better Choice Realtors says, “Dwarka Expressway has transitioned from being an emerging corridor to an established investment destination. The appreciation we’re witnessing today isn’t speculative; it’s backed by infrastructure milestones, rising occupancy, and genuine end-user demand. Investors who entered two or three years ago are already seeing substantial returns, both in capital value and rental yield. Besides, what sets this corridor apart is the convergence of long-term planning with near-term livability. Hence, for us, Dwarka Expressway is no longer a bet; it’s a proven investment story in motion.”
Ishaan Singh, Director, AIPL, says, “Dwarka Expressway is India’s newest urban artery. Unlike other micro-markets, the corridor has offered a full-fledged ecosystem from scratch, which makes early investments here remarkably potent. Besides, with inflation easing and borrowing costs becoming more favourable, we’re seeing a clear uptick in luxury home inquiries and conversions. The affordability of home loans is empowering aspirational buyers to upgrade their lifestyles and invest in the corridor. As developers, we believe that in a few years, this stretch will escalate its development exponentially.”
More Details
Meanwhile, one of the main forces behind the region’s real estate boom is the 16-kilometer Southern Peripheral Road. Because of its easy access to Manesar and South Delhi, it is now a popular location for upscale homes, busy shopping centres, and booming business projects. Due to this tactical edge, demand for real estate has increased, making SPR a desirable option for both investors and homebuyers.
According to a report by PropEquity, new project launches on SPR increased by 584% over the last five years (2020–2024), from six in 2015–2019 to 23 in 2020–2024, strengthening the growth trajectory of SPR. Additionally, the supply of housing increased from 1,602 to 10,962 units, nearly doubling. The weighted average price of new launches on SPR increased from Rs 7,693 per square foot in 2020 to Rs 17,123 per square foot by the end of 2024, according to the report.
Additionally, for homebuyers seeking luxury homes, it demands a checklist rooted in due diligence. Buyers should ensure the project is RERA-registered, has clear land titles, and possesses the necessary occupation or completion certificates. Besides, location remains critical, with easy access to arterial roads, metro connectivity, and other facilities forming the backbone of long-term value.
Gurugram’s Luxury Housing Market
Ashwani Kumar, Pyramid Infratech, says, “Gurgaon’s luxury housing market continues to gain momentum, with micro-markets like SPR emerging as strong performers in terms of capital appreciation and buyer preference. The corridor’s growth is being shaped by sustained infrastructure upgrades and a noticeable rise in aspirational living standards. This has translated into heightened interest from both end-users and investors. Hence, we are focused on delivering premium developments that not only reflect evolving lifestyle needs but also contribute meaningfully to the long-term value and vibrancy of the SPR corridor.”
Thus, Gurugram today stands at the crossroads of two powerful real estate narratives—each rooted in infrastructure, but shaped by different visions. Both roads are rewriting the investment playbook in NCR, but the choice ultimately hinges on one’s appetite for either pioneering growth or ready sophistication.
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