Coming from Delhi, sec- 104 is located across the Dwarka Expressway on the left-hand side. It is one of the largest sectors in the region, spread across 760+ acres. Adjacent to sec- 104 are sectors 102 and 101. Just on the other side is sec 103.
While the entire Dwarka Expressway or the North Peripheral Road has witnessed a spurt in demand, Sec 104 can emerge as one of the top performers, capable of outmaneuvering other micro markets.
Average property prices are slightly over INR 9,000 PSF, growing at a CAGR of 9.3%, over the past 5 years, as per 360 Realtors’ research. In the last 12 months, in the wake of the rise in demand, average property prices have moved up by 14%.
A Bustling Real Estate Hotspot Backed by Excellent Connectivity
Its strategic location places sec 104 near both Delhi as well as Gurgaon markets. It is located just at the first exit of the Expressway, which gives it prime connectivity. It is well connected to numerous parts of the NCR via the expressway, Pataudi Road, and NH 48. It is also linked to the Golf Course Extension Road and Southern Peripheral Road (SPR).
Sec 104 is at a distance of less than 10 km from the international IGI airport. Likewise, the railway station of Gurgaon is just at ~ 7 km. The nearest metro stations are Cyber City (rapid metro) and IFFCO Chowk, which are quite approachable ( 5-6 km).
The Sub city of Dwarka is also conveniently located at around ~ 14 kms. This places sec 104 not only strategically with Dwarka but also with the mega-developments happening such as a new diplomatic enclave, business parks, 5-star hotels, and the IICC, Asia’s largest convention house.
Big Launches and Plenty of Open Spaces
Though there are well-established communities, sec- 104 has plenty of open spaces as well. Out of the total area of 760 acres, around 139 comprise green patches, rendering an overall peaceful atmosphere to the region. Close to 40 acres is the village land.
Looking at the strategic significance of the location, big developer such as Central Park, ATS, Godrej, Hero Homes, etc have come up with new launches in the sector.
As per the research by 360 Realtors, Mr. Sanjeev Arora, Director, 360 Realtors, states that there are 3982 units in the sector, spread across 68.3 acres of land. Around 47.1% of the pipelines are future projects. A strong pipeline of projects further underscores the growing significance of the micro-market as a popular residential hub in the NCR region. Attractive appreciation, convenient distances from Delhi & Gurgaon, and a location just near the first exit point of the expressway can make sec-104 a prime real estate market.
Other factors such as a good stock of RTM and under-construction projects, ample greeneries & open spaces, and improved social infrastructure are also helpful. Due to village areas, there is always a supply of fresh vegetables, fruits, milk, etc.
Meanwhile, there are a few drawbacks to the region as well. Due to already established neighborhoods, it lacks well-connected internal road networks. The problem further aggravates during the time of rainy season which leads to clogging. Administrative agencies need to look into the same.
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