Dwarka, a sub city located in southwest Delhi, has 29 sectors, out of which 23 are fully developed.
It derives its name from the legendary Dwaraka, the kingdom of Mathura. Not very far from Gurgaon, it is located barely 10 km from the Indira Gandhi International Airport.
Now, with the opening of the Airport Express Line, the travel time from Dwarka's Sector 21 Metro station to the airport is covered in about three minutes. Dwarka is home to the famous temple of Dada Dev, which houses idols of almost all Indian dieties.
Some parts of modern day Dwarka historically came under the colony of Pappan Kalan, which will soon be developed under the Urban Expansion Projects plan of the Delhi Development Authority. Dwarka is also considered as one of the largest residential areas in Asia, and has a zero tolerance policy towards misuse of land and encroachments.
Mostly referred to as the Model Township, it is also one of the most organised and clean regions in Delhi. At present, more than 10 lakh people are living in Dwarka and it can accommodate 45,000 more.
Dwarka has a number of schools, colleges, business schools and engineering colleges. It has 40 schools both AC and non-AC. The famous ones include GD Goenka, Delhi Public School, Mount Carmel School, Maxfort School and many more.
Shopping is still a problem because not many malls have come up in the area. With changing times, consumers are looking for better serviced shopping options than just high street stores.
Vasudha Sharma, a resident of Dwarka, says, “For shopping, I only prefer Gurgaon and south Delhi malls as Dwarka hardly has any shopping options.“
In recent years, the real estate market of Dwarka has seen a paradigm shift, witnessing development with the construction of various tall buildings and commercial complexes. Dwarka's property value has doubled in the last three or four years. The plot rates of the area are around R6,000 per square feet while the rent for a 3BHK apartment is around R15,000.
The most important factor fuelling land rates here is the Delhi Metro. This has emerged as the turning point for real estate prices in Dwarka because before the Metro, it was difficult for residents to commute.
According to CS Rana, proprietor, Dwarka Properties, “If CBI clears all disputed sites in Dwarka, property rates will rise by 75% to 80% in the coming years.
