The post-pandemic real estate market, both residential and commercial, is expanding rapidly in the Northeast Asia region . The Dwarka Expressway, scheduled to open in 2023, has already been regarded as a desirable real estate destination even before it is completed .
The post-pandemic real estate market, both residential and commercial, is expanding rapidly in the Northeast Asia region, from residential complexes to local shopping complexes, to malls and luxury commercial spaces.On a one level, the residential segment saw a major boom, while the commercial segment saw a huge boom.Simultaneously, India also saw a rise in luxury shopping.Despite the fact that this expansion had benefitted every major tier 1 city in the country, the rural areas of the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR), which were positioned on the rise of connectivity as a result of the Delhi-Mumbai corridor, dominated the charts.Gurugram came to be at the top of all the NCR regions, according to the BPTP Group's spokesperson, because the district became overcrowded.The Dwarka Expressway, which is scheduled to open in 2023, has already been regarded as a desirable real estate destination even before it is completed.Between Delhi, Gurugram, and Manesar, the expressway is a seamless way to travel.This, along with the government's emphasis on its infrastructural progress, has accelerated the regional economic boom, particularly with the opening of India's largest convention center, the India International Convention and Expo Center (IICE), and the establishment of the second diplomatic enclave in Dwarka.From a valuation standpoint, there has been a significant increase in the area's capital appreciation, which has spanned 2X-3X. With the completion of the Dwarka Expressway, the area will continue to attract the attention of home buyers and investors alike, according to Nayan Raheja, Director, Raheja Developers.The city offers everything that any family seeking a modern lifestyle can aspire for, according to Aman Sharma, Director, Spaze Group.SCO initiatives have increased in the areas that are close to the Dwarka Expressway.The Dwarka Expressway is considered to be India's most popular connectivity route between Delhi and Gurugram.It will also bring a large number of buyers and investors to Gurugram's southern region, which may have been an unexplored realty area for them earlier. It is also a future-ready initiative thanks to technological advancements such as the use of solar light technologies, with its orientations designed to minimize waste and meet ESG objectives.Following the natural disaster, the SCO projects have also attracted a large market segment.The Dwarka Expressway has developed into a leading destination for investment in cutting-edge luxury and uber-luxury projects, which are both remarkable in terms of scope, size, and high-end amenities.Gurugram has always been a trendetter in defining the highest standards of luxury living and is also a dominant force in the markets, attracted to big investment and has a superb road and infrastructural network. Besides, India's growing status as an economic superpower, as well as an all-around boom, has also boded well for the real estate sector.The South Gurugram is now the epitome of a high-end lifestyle due to increasing Private Equity (PE) investments, strengthening the dollar, and entrepreneurs searching for ways to lower their capital gains tax.Property values are increasing, the rental value is up, and corporations and retail firms are looking for spaces, and the region in general has risen to become India's prime residential and commercial destination.