Real estate investments at the major hotspots in the top cities can reap rewards for investors. From better connectivity to higher rate of return, buyers can enjoy several benefits of investing at an ideal location. Therefore, if you are currently looking to invest in real estate in Delhi NCR, Noida Expressway and Dwarka Expressway are two of the most popular micro markets that offer diverse property choices across different budgets. However, before taking the plunge, it is better to weigh the investment potential of both the locations to avoid later regrets and ensure higher capital gains in the future. That’s why we have prepared an overview of both Noida Expressway and Dwarka Express on the basis of multiple parameters so that you can make an informed decision.
Noida Expressway vs Dwarka Expressway: Locational Benefits
Noida Expressway is a 24.53 km long six-lane highway that connects Noida to Greater Noida. Having robust social and retail infrastructure along with multiple well-known corporate parks, Noida Expressway has emerged as one of the most popular locations for real estate investment in Delhi NCR. Some of the prominent commercial hubs located along the stretch are – Advant Navis Business Park, Express Trade Towers, Unitech Infospace, Lotus Business Park and Special Economic Zone (SEZ). Owing to the proposed Jewar International Airport, Film City, Furniture Park and commencement of the Aqua Metro Line, the demand for properties in Noida Expressway has witnessed a significant surge in the recent past.
On the other hand, Dwarka Expressway, also known as the Northern Peripheral Road (NPR), is a 27.6 km long eight-lane expressway connecting Delhi to Gurgaon. It eases up the traffic congestion on the Delhi-Gurgaon Expressway. Around 18 km of the stretch lies in Gurgaon, while the remaining falls in the capital city. Dwarka Expressway also ensures a hassle-free ride to the bustling commercial hubs in Gurgaon including Cyber City and Manesar industrial area. Moreover, its direct connectivity to Indira Gandhi International (IGI) airport makes it an ideal location to invest.
The civic infrastructure in Noida is at par with the other developed markets in NCR. This is because the development authority in Noida primarily lays down the civic infrastructure and then the land is allotted to builders for commercial and residential developments. However, in Gurgaon first the land is acquired by the developers and then the authority implements civic infrastructure. As a result, one can witness uneven development across the sectors in Gurgaon, causing water clogging and sewage issues.
While Noida Expressway is a fully developed stretch, Dwarka Expressway is still under construction, and it may take years before the route will be completely operational for the public use.
When it comes to the inventory, Dwarka Expressway has over 200 residential projects. Among these properties, around 45% of projects are RERA-registered. On the other hand, Noida Expressway boasts approximately 206 residential projects and almost 40% of these projects are RERA-registered.
Despite the well-planned infrastructure, proximity to popular commercial hubs, and excellent connectivity through the metro, average capital prices in Noida Expressway are relatively lower than the other property markets. The property prices in Noida Expressway hover between Rs 5,300 per sq ft and Rs 7,700 per sq ft, whereas capital rates along the Dwarka Expressway vary from Rs 6,100 per square feet to Rs 8,300 per square feet.
Where Should You Invest?
Given all the factors we have discussed above, Noida Expressway performs better on the livability index compared to Dwarka Expressway. The location can be a suitable option for potential homebuyers scouting for a residential hotspot equipped with all the infrastructure facilities.
The relocation of many commercial giants from Gurgaon to Noida, as well as the growing demand of coworking spaces in the city due to reduced lease rates has contributed to location’s suitability for the real estate investment. After all, commercial growth always has a positive impact on the residential property prices. Though Dwarka Expressway is also a prominent residential market, the partial completion of the stretch has kept the potential buyers at bay.