There are 5 major areas in Gurgaon which have potential for infrastructure development, and hence, future appreciation of prices for investment purposes:
Property in Gurgaon
- Golf Course Road – Prices here generally start from Rs. 15,000/- per sq ft. It is a favoured address for rich and famous who chose an address in Gurgaon than in Delhi but enjoy an elite lifestyle. It is well connected to South Delhi, Gurgaon’s business districts of Cybercity and MG Road and shopping malls such as MGF Metropolitan and Ambience Mall. DLF’s Golf Course attracts international players too. Over time the road has been widened and Rapid Metro line has been extended till sector 55–56. All the well-known office hubs of Golf Course Road are right here, and cyber city is just a 15 minutes drive through the newly built underpasses. Most of the well-known schools of Gurgaon are in proximity.
- Golf Course Extension Road – is now good to drive on and will see further improvement in infrastructure if and when the metro lines are added here. Asking rate is generally upwards of Rs. 8,000/- per sq ft to even 13,500/- for luxury projects. Real Estate firms such as IREO (with IREO City), Emaar, M3M and Ansals have a presence here. The region covers sectors 58 to 67 in Gurgaon.
- Dwarka Expressway (Northern Peripheral Road, NPR) – Prices per square foot start from Rs. ~6,000/-. The 18 kilometer long alternate connectivity between Gurgaon and Delhi (Dwarka) will not only ease movement of traffic on National Highway 8 but also play host to a large urban agglomeration all along this route. The NPR extends from sectors 82 to 115 all of them under development currently. There are firms such as Godrej, Sobha, Tata, Raheja, amongst others active here.
- Southern Peripheral Road (SPR) – Slightly lower rates of ~7,000 psf since the infra in most parts is under development. The Southern Peripheral Road will connect Sohna Road and Extension Road to National Highway 8 just before Kherki Daula toll plaza. Sectors under development on this route are 69 to 76.
- Sohna Road – Prices here range anywhere between ~ Rs. 4000 /- psf for newly launched projects, to ~6,000/- for premium projects. This is a very old connectivity link between Gurgaon and Sohna town. Builders call the Sohna market as South Gurgaon which is 30-40% cheaper to near by markets within Gurgaon in real estate prices.
6. Sector 69 Gurgaon -
OSB Expressway
Towers in sector 109 Gurgaon Now OSB group is coming up with its new and much
awaited affordable housing project in OSB Affordable housing sector69 Gurgaon
near Sohna Road on souther pheriperal Road(SPR). 7. Sector 62 Gurgaon -
Find 2 BHK / Bedroom Flats for Sale in Sector-62 Gurgaon on gurgaonaffordable.in. |
While Gurgaon property market remains weak it is anyone’s guess that infrastructure is the back bone of real estate development. With expansion of the millennial city, these property markets may do well whenever markets find a bottom.
Above is an excerpt from an i answer i wrote Amit Aggarwal answer to Which place is worth to buy home in Gurgaon? - as a Shubh Realty Contact 9818311168
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