Dwarka Expressway is an upcoming 27.6-kilometre-long corridor that will connect Delhi and Gurugram. Once operational, the expressway project is expected to ease the commuting time for Delhi NCR residents while significantly boosting the property markets along the route. The expressway passes through residential localities and commercial hubs. Thus, these localities are witnessing a significant rise in property demand. Areas around Dwarka Expressway provide ample of avenues for investment with excellent returns. Before you plan to buy a property, it is essential to be aware of the property rates. One can check the circle rates, which gives a fair idea of the latest price trends in the region.
See also: Circle rates in North-East Delhi 2023
What are circle rates?
Circle rates are the property rates set by the local government, which serve as the benchmark for property transactions. These are the minimum property values decided based on various factors, such as location, property usage, etc., below which a property cannot be registered in the government records. The various factors for calculating circle rates include:
- Location of property: Circle rates are generally higher in posh neighbourhoods.
- Property usage: Property rates are lower for residential properties as compared to commercial properties.
- Amenities: Proper infrastructure and other facilities impact the property values in the neighbourhood.
- Property age: Property values differ based on the age of a structure.
Circle rates in Dwarka Expressway 2023
| Localities | Residential (Rs per square yards) | Commercial (Rs per square yards) |
| Sector 104 | 44,000 | 1,20,000 |
| Sector 105 | 44,000 | 1,20,000 |
| Sector 106 | 44,000 | 1,20,000 |
| Sector 109 | 44,000 | 1,20,000 |
| Sector 110 | 44,000 | 1,20,000 |
| Sector 110A | 44,000 | 1,20,000 |
| Sector 111 | 44,000 | 1,20,000 |
| Sector 112 | 44,000 | 1,20,000 |
| Sector 113 | 44,000 | 1,20,000 |
| Sector 114 | 44,000 | 1,20,000 |
| Sector 115 | 44,000 | 1,20,000 |
Circle rates for commercial properties in Dwarka Expressway 2023
| Localities | Commercial (Office/ Information Technology space) (Rs per square foot) | Commercial (Retail) (Rs per square foot) |
| Sector 104 | 3,600 | 5,400 |
| Sector 105 | 3,600 | 5,400 |
| Sector 106 | 3,600 | 5,400 |
| Sector 109 | 3,600 | 5,400 |
| Sector 110 | 3,600 | 5,400 |
| Sector 110A | 3,600 | 5,400 |
| Sector 111 | 3,600 | 5,400 |
| Sector 112 | 3,600 | 5,400 |
| Sector 113 | 3,600 | 5,400 |
| Sector 114 | 3,600 | 5,400 |
| Sector 115 | 3,600 | 5,400 |
These are the circle rates for 2023 proposed by the Gurugram District Administration.
How to check circle rates in Dwarka Expressway?
Most of the localities along the Dwarka Expressway fall under Gurugram. One can visit the district Gurugram official portal to check the latest circle rates along the Dwarka Expressway. Here’s a step-by-step guide:
- Go to the official website of the district Gurugram portal https://gurugram.gov.in/. Click on ‘Revenue’ under ‘Department’ in the main menu bar.
- Click on ‘Collectrate-2023-2024 applicable from 03.04.2023 for Registration of Land in district Gurugram’ link. In the next page, the links for collector rates in different localities will be displayed.
- Click on the relevant link for Gurugram to view details.
Circle rates in Dwarka Expressway: Commercial and residential real estate trends
Dwarka Expressway has emerged as a sought-after real estate destination in the National Capital Region (NCR) for end-users and investors. With proximity to the Indira Gandhi International (IGI) airport, Dwarka Expressway presents itself as a promising destination for investors. It passes through prominent localities in Gurugram, which have well-developed social infrastructure, such as reputed educational institutions, hospitals, shopping malls, etc. These areas witnessed increased residential demand and there are a host of new housing projects catering to the needs of home seekers. Property prices have also witnessed a significant increase in recent years. Similarly, the commercial real estate segment along the corridor has also seen significant growth. There are various commercial projects, including retail shops and showrooms.
Reasons to invest in Dwarka Expressway
- Dwarka Expressway is strategically located near Delhi and Gurugram. It is in proximity to the Indira Gandhi International (IGI) airport.
- There are several social amenities, such as hospitals, schools, malls, etc.
- The area has witnessed growth in new residential and commercial developments with potential to witness price appreciation in future.
- There are several ongoing and upcoming residential and commercial projects by reputed developers.
FAQs
Which is the best sector to live in Dwarka Expressway?
Some of the popular residential localities along the Dwarka Expressway are Sectors-83, 84, and 99-113.
Is it worth buying properties on Dwarka Expressway?
Dwarka Expressway is witnessing significant real estate developments, presenting ample of avenues for investment.
What is the circle rate in my area in Gurugram?
Visit the official portal of Gurugram district to view the latest circle rates.
How to check the circle rate in Delhi?
Visit the Delhi government’s online registration information system’s e-circle rate calculator page to find the latest circle rates in Delhi.
What is the status of Dwarka Expressway?
Work on the Dwarka Expressway is in progress. It is expected to be completed by the end of 2023.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
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