- 02 April 2018
Owning a property in Gurgaon has long held significant aspirational value. Especially if one is looking for spacious accomodation, best-in-class social amenities and fast-growing infrastructure.
In this article, we tell you why Gurgaon makes sense for real estate investment, and which areas to look at.
Strategically situated just a couple of hours away from Delhi, Gurgaon is a hotspot for property investors and buyers. Home to some of the world’s leading IT and BPO companies, Gurgaon has today managed to rope in many Fortune 500 companies to Northern India. Gurgaon’s per capita income is higher than the nationwide figure for many cities in India.
Industry players, namely Siemens and General Electric, have their main outsourcing centres in Gurgaon. With significant foreign investment flowing into the city via the presence of leading multinational firms, it is but natural that the city is also home to many expatriates working in India. This has accelerated the infrastructural development of the district. And in addition to the cost advantage over Delhi - either rentals or purchase - proximity to the airport is another attraction for Gurgaon.
With so much development happening in Gurgaon, let's look at some of the high-potential residential zones in the city.
1.Sohna Road, Gurgaon:
Sohna Road is located to the south of Gurgaon in Haryana. The locality enjoys good connectivity to various developed areas (Golf Course Extension Road and Netaji Subhash Marg, for example) and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways. Accessibility to areas such as Delhi (51.6 kilometres), Faridabad (42.2 kilometres) and other regions in NCR is also convenient.
The population of the region has been fast growing in recent years, owing to its proximity to various company offices in and near Sohna Road. Residents have access to various social amenities such as educational institutions (Ryan International School, GD Goenka Education City – GD Goenka University, MatriKiran and Vedas International School, to name a few) and healthcare outlets. Several shopping malls are also nearby.
Sohna Road has emerged as a very convenient neighbourhood, considering the easy living conditions and job opportunities available. Adequate infrastructure and the presence of commercial hubs in and around the locality, make Sohna Road a preferred employment as well as residential destination of NCR.
The Haryana Government has made efforts to construct properties on both sides of the road. These properties are open for both commercial and residential purpose. Similarly, the government has undertaken the township planning for Sohna Road. Many real estate developers, having appraised early on the potential of this town, are investing in it.
When Dwarka Expressway was first announced, real estate in the area witnessed what one could term a ‘boom’. Many projects surfaced as prospective homebuyers showed interest in this strategic location that was close to the airport. Since then, this area has captured the attention and imagination of developers, home buyers and investors alike. Also known as the Northern Peripheral Expressway, Dwarka Expressway covers areas like Bijwasan, New Palam Vihar, and Kheri Daula. Infrastructure wise, the government has undertaken the construction of underpasses and flyovers along with new housing projects.
3.Golf Course Extension Road:
Yet another fast-developing location with continued infrastructure development, Golf Course Extension Road Due is expected to remain a preferred residential market in the time to come. Premium office occupiers will continue to prefer the area for its convenient connectivity and proximity to the airport and this, in turn, will drive residential development.
Golf Course Extension Road has been witnessing a steady appreciation in property values. The launch of Rapid Metro Phase II has improved connectivity to Gurgaon. With the construction of roads in sectors 66 and 67, the Haryana Urban Development Authority (HUDA) aims to reduce travel time between Golf Course Extension Road and Sohna Road.
Social amenities in this locality are well-developed, especially shopping-cum-entertainment hubs, keeping in mind the growing population of HNI (high net-worth individuals). Needless to say, the locality has reputed schools, hospitals, recreational centres, local markets, etc.
Golf Course Extension Road has gained attention from major real estate players such as Mahindra Lifespaces. The company’s project in the area – Luminare - features spacious 3BHK and 4BHK flats with modern amenities and a strong sense of exclusivity.
So, if you are looking for properties in Gurgaon, these three locations should be on top of your list.