Gurgaon is the next Property investment destination in Delhi NCR, Presently Gurgaon’s real estate market is a boom owing to enhanced connectivity and fast-paced infrastructure development. The Residential property in Gurgaon is competitively priced inventory, fast improving infrastructure and presence of reputed builders, Gurgaon as well on Dwarka expressway is fast emerging as a preferred Residential & commercial Property destination among potential 1st time homebuyers and investors. The Rapidly commercial development in Gurugram is remarkable and thus, a great advantage for Property investors and business owners seeking best quality infrastructure, ultra modern designs, and high-end Residential Properties like Villas, condos & Ready to Apartments.
Location & Good connectivity
Apart from its Rapidly Growth activity, Gurgaon has huge advantages of its ability to link with Delhi, via Delhi Metro and Rapid Metro System & ongoing development of Dwarka Expresway. In addition, it has well connected transport system thru Rapid metro, private shuttles and local bus transport system that provide transport within the city & connected to Delhi Airport. Additional residents of Gurgaon get rapid connectivity by metro & Proximity of NH 08. These are some of the reasons which attracting real esatate investments of Residential & commercial property in Guragon from Highend Buyers. Gurgaon city has a perfect location with proximity to airport and eight-lane expressway connectivity with capital. Upcoming eastern & Western Expressway is expected to boost the real estate market further by connecting Gurugram with Faridabad, Sonipat, Noida and Ghaziabad.
Rapid Growth & infrastructure development
The rapid infrastructure development of Gurugram in future will be the 18-km Dwarka Expressway, which will provide a much-needed connectivity between Gurgaon & Delhi. The 16-lane, signal-free Gurgaon Expressway which is under construction & expected to be completed soon and the Rapid Metro Rail Gurgaon phase 2 on Golf Course Road are other important infrastructure initiatives that will impact the real estate market in Gurgaon’s corridors. Certain residential corridors within Gurgaon will benefit from the incremental office supply and infrastructure development. New Gurgaon is positioned to emerge as a relatively affordable residential catchment within Gurgaon. The Southern Peripheral Road and the Dwarka Expressway are two prominent infrastructures coming up in Gurgaon. Multiple flyovers and underpasses are being constructed at congested crossings such as Vatika Chowk, Sohna Road, Rajiv Chowk, etc. The key parks in Gurgaon are the Aravali Biodiversity Park, Leisure Valley Park in Sector 29, Tau Devi Lal Biodiversity Botanical Garden in Sector 52, Netaji Subhash Chandra Bose Park in Sector 14 and Tau Devi Lal Park in Sector 23. Thanks to the uninterrupted services from the local civic bodies and government-run agencies like HUDA, Gurgaon gets facilities like seamless electricity, high-speed mobile networks, wide roads, and clean neighbourhood. It is because of these reasons the city has become a choice for both commercials as well as residential properties in Gurgaon. Good infrastructure and availability of residential units work in favour of this Gurgaon locality. In this week’s realty hot spot series, we turn the spotlight to Golf Course Extension in Gurgaon. A sought-after micro market in NCR, it features good social infrastructure and availability of residential units. Properties from 2-5 BHK are present in this area, with supply being the maximum for 3 BHKs, which on an average, cost Rs. 1.96 crore. Gurgaon Property Developers such as DLF, Omaxe and Raheja having land banks in Haryana are planning to go for plotted developments and sell independent floors this year rather than building high-rises.Last year, Haryana goverment had notified a rule under which up to four floors can be constructed on a plot and sold individually, making Gurgaon on the outskirts of Delhi attractive for buyers who prefer to live in independent Builders floors being developed by local Real Estate agents in Gurgaon.
Future Bright & Returns on Investment
The next few years will be even more exciting for buyers since builders are under pressure to complete projects in the next three years, in line with PM Narendra Modi’s promise of ‘housing for all by 2022’.With the delays in the completion of the Dwarka Expressway almost resolved, the demand will see a further boost. Commenting on the effects of this, Bhagatmeet Singh, managing director of Home Point services a private real estate developers, says: “It is good news for the area as developers have invested over Rs 60K crore in residential and commercial projects along the 150-mtr-wide roadway, but had been struggling to sell real estate projects due to lack of proper connectivity. There are around 1.55 lakh home buyers who have suffered for more than a decade due to the infrastructural delay. As the entire land required for completing the Dwarka Expressway and we are hopeful of a quick completion of the road projects
The escalating prices of property in other regions have made people move to Gurgaon because the city is a good market for reasonably priced housing with high-quality infrastructure and it yields the highest returns on investment with a predictable average annual appreciation of 10 to 15%. An added benefit of investing in commercial properties in Gurgaon is that builders are offering smaller units which allows the investors with low budget to invest in a good market. With more office spaces coming up in the city, the demand for properties on rent and outright purchase, is expected to increase.
In Gurgaon, the realty investment hotspots are the areas where the Southern Peripheral Road and Northern Peripheral Road (as the Dwarka Expressway is also known) meet at NH-8 (sectors 99-112 gurgaon and sector 37D Gurgaon, sectors 58-63, 68, 78-81, 84, and 85-86 Gururgram). Approximately 8,500 new units have been launched in Gurugram from January to May 2019, comprising nearly 51 per cent of the total supply in the entire NCR. Property in New Gurugram area will be the next residential hub, says Harpreet singh, director Sales, Homepoint services “With the implementation of RERA and GST, it is easier for buyers to make their choices and invest in property wisely,” he adds.Experts said that Gurugram will soon take a lead in affordable housing too since many projects are being launched in this segment.”Affordable housing projects are also coming up across the city for low income group buyers. The maximum rate of these projects is Rs 4,000 per square feet. There are 45,000 properties in this segment near to completion or will be complete in next couple of years,” said Harpreet Singh the Owner of Home Point service, a local Real Estate Agent operates in Delhi NCR
