Dwarka Expressway and Noida Expressway are two prominent expressways in the National Capital Region (NCR). These thoroughfares adjoin many popular cities and offer excellent connectivity. A residential property owner can enjoy excellent infrastructure in these zones. You can also expect high returns on investment. As a result, many real estate investment opportunities lie in these micro-markets.
Investment in the Dwarka and Noida expressways will be a profitable financial move. While both expressways come with various advantages, one outperforms the other in certain aspects, which this article will discuss below.
Advantage of location
Noida Expressway is a six-lane highway linking Noida and Greater Noida. It features a rapidly growing residential market, a dynamic social infrastructure and some prominent commercial hubs. The popularity of the area has increased after the Jewar International Airport and Aqua Metro Line of the Delhi Metro were proposed.
The eight-lane highway connecting Delhi to Gurgaon is known as Dwarka Expressway. Its key attraction remains its proximity to the Indira Gandhi International Airport. The newly proposed metro corridor between Sector 23 and Huda City will further enhance the connectivity. The only drawback is its 15–20 km distance from commercial hubs.
Civic facilities
The entire construction of the Noida Expressway is complete, and the civic infrastructure is fully developed. The facilities here have been designed as per the developed markets. On the contrary, Dwarka Expressway is still under construction, and it may not be completely available for public use in the next few years.
The key reason behind the varying condition of these two expressways is the order of development. Noida’s civic infrastructure is laid down first and then the land is allotted for commercial and residential development. In Dwarka, builders avail land rights before the establishment of civic infrastructure. This causes uneven development. This could also be the primary reason for sewage issues and clogging.
Social facilities
Noida and Dwarka Expressways house multiple medical centres, educational institutions and entertainment facilities. Companies like HCL, Infoedge, and Oracle have offices in Noida. Indiabulls and L&T reside in Dwarka.
Inventory provision
With its 206 residential projects, Noida Expressway is slightly ahead of the Dwarka expressway and its 200 residential projects. However, 40% of housing projects in Noida are RERA-registered, whereas 46% of Dwaraka’s projects have Rera registration.
Capital Value
Noida Expressway offers a better infrastructure and development pace than Dwaraka Expressway. However, the latter has increased capital prices. The average home cost of INR 6,400 per sq ft on the Noida Expressway is lower than INR 7,300 per sq ft on the Dwarka Expressway.
Dwarka Expressway has lower rents than Noida Expressway. Noida Expressway observes a rent of INR 9,000–10,000 for 1 BHK, INR 14,000–16,000 for 2 BHK, and INR 17,000–25,000 for 3 BHK. On the other hand, in Dwarka Expressway, the rent is INR 5,700–7,000, INR 8,000–10,200, and INR 21,000–21,800 for 1 BHK, 2 BHK, and 3 BHK, respectively.
Final words
Noida Expressway is a more developed area than Dwarka Expressway. Hence, the first can offer a better life. Noida is also a better option for a family since it is a better-connected and safer area. Its greater vicinity to commercial hubs than the Dwarka expressway is good news for working professionals commuting daily and those looking for employment.
If you want to invest in Dwarka Expressway, check out Joyville Gurugram. The thoughtfully designed spacious homes here will provide you with the utmost convenience, maximum comfort and top-class amenities.
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Originally published at http://realestateandepc.wordpress.com on December 21, 2022.
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