Dwarka Expressway, one of the hottest localities in the real estate market today has seen a whopping 600% price appreciation from 2007 till the present date.
Over the past year, every project getting launched here sells within a week after its launch.
Many developers are keen on building ultra-luxurious residential projects because of an increase in flat prices.
A mix of various under-construction high-rise apartments as well as completed projects in the 18 sectors can be found here.102-113 are the sectors present here. 110a, 102a, 99, 99a, 37, 37c, and 37d sectors are other sectors that are also a part of this locality. And 3bhk flat type is the most popular type of flat here.
Below is the information on the total supply of units and the percentage change in unit prices in the time frame 2010- 2023. The information is extracted from Propequity’s YouTube video Will Dwarka Expressway Prices Go Higher or Crash?
| Total supply of units | Price per square feet | Period | Percentage change in unit prices |
|---|---|---|---|
| 20000 | 4000 | 2010-2015 | 100% increase |
| 5000 | 9000 | 2016-2020 | |
| 12,000 | 18,000 | 2021-2023 | 100% increase |
With the data above, it is observed that in the course of these 10 years from 2010-2020, the prices moved from 4000- rupees per square foot to 9000 rupees per square foot resulting in a 100% price appreciation.
In the last three years from 2021–2023, the supply doubled from 5000 to 12,000 units - leading to a price rise of 100% from 9000 rupees square feet to 18,000 rupees square feet taking the compounded yearly increase to over 20% year on year, which is a quite a positive indicator for any micro market or location.
The inventory overhang stands at 6 months which is lower than 30 months and lower than 30 months will bring a rise in flat prices. Propinquity (a real-time data, analytics, intelligence, and research company) also considers an inventory overhang of less than 30 months to be safe.
With the data above, showing a low inventory overhang and a 100 percent price appreciation observed from 2010- 2023, Dwarka Expressway turns out as a strong micro market and looks safe for real estate investment.
It is also noted from the data that the prices are not likely to go down here and are likely to be stable in the coming years.
With the above information, this area offers opportunities for both the
For end users, if you are buying new under-construction projects you can get premium luxury apartments with superior specifications and more modern amenities compared to the previous projects that were built so far.
Also, good connectivity through Dwarka Expressway to employment hubs like Udyog Vihar, Cyber City, and Aerocity from residential projects located close to the freeway can be considered by end-users if looking to buy a unit here.
Proximity to malls and eateries at Gurugram from the expressway is also a vital reason for a residential buyer to buy here.
For end-users and investors, the other factors that you should keep in mind before deciding to invest near Dwarka Expressway are -
With the above information, a remarkable price appreciation of 600% observed in the last 17 years to date, upcoming infrastructure developments, proximity to employment hubs, and development of ultra-luxury residential projects are driving factors for you to search for a property either for end use or for investment purpose.
The most unique specialty about Bandra East is that the no. of units supplied here in the last 10 years has been 4000 units and the inventory overhang over here stands at 12 months. An inventory overhang within 30 months will generate more returns as the cost appreciation will rise over time.
With that limited supply and an inventory overhang that’s below 30 months, homebuyers looking for a property closer to their workplace and investors looking to buy for investment purposes should certainly consider buying here.
Even developers looking for an area to build their realty projects should not miss out on the opportunity to construct their most coveted and dream projects here.
Presence of top IT companies, banks, and leading financial institutes and luxury brands in BKC and reputable schools and educational institutes, Bandra East can be considered for buying a unit for residential purposes.
With research performed on the price appreciation in the real estate market in Bandra East, it is observed the place should be chosen over Bandra West if looking to buy a unit for investment because of a 200 % rise seen from 2018-2024.
Other reasons that should be a driving factor to invest here are a limited supply of 4000 units and an inventory overhang of 12 months that’s observed from 2014-2024.
With that status of units supplied and inventory overhang from the past 10 years and some of the reputed developers like Adani realty, Shapoorji Pallonji, and Kalpataru projects being a part of this locality, considering buying any property be it a 2bhk, 3 bhk and 4bhk flat could be a wise decision.
Also, having the finest malls, schools, hospitals, and major corporate firms in the whole of Mumbai, Bandra East stands as an upclass region coveted by many.
So, don’t waste the opportunity to invest here. Buy today!
