New Gurgaon- Future Location For Real Estate Investment

by Sahil Khan Real Estate Industry

What is New Gurgaon - New Gurgaon is a planned city situated on Dwarka Expressway. There are three main clusters in New Gurgaon. First part is between Sohna Road and NH-48 ( Sectors 76 to 80). Second Part is between NH-48 and Pataudi Road(Sector 81 to 95). Third part is between Pataudi Road and Delhi(sector 96 to 113). New Gurgaon is well connected with three highways, NH8, Kundli–Manesar–Palwal Expressway and Dwarka-Gurgaon Expressway, Railway Station, Airport, and the proposed ISBT. Moreover, it is bisected by the National Highway Pataudi Road, which is the most promising upcoming real estate area of Gurgaon. According to the development plan for Gurgaon-Manesar Urban Complex-2025, the residential sectors of Gurgaon will ultimately reach Manesar. Therefore, a majority of developers have launched projects across New Gurgaon. Top developers with presence in the area include Godrej, Emaar, Vatika, DLF Builders and numerous more.

The city of New Gurugram/Gurgaon has recently grown very fast. Let's review the factors that make it the greatest option for everyone.

         ·            Affordable property

         ·            Lesser air and noise pollution

         ·            Good connectivity to every part of the city and Airport

         ·            Tremendous upsurge in infrastructural development and future growth prospects

         ·            Adequate avenues for shopping and entertainment

         ·            More than 100 Project launched.

         ·            More than 30000 apartments delivered

         ·            Options for everyone (Affordable to Luxurious)

New Gurgaon is quickly becoming a vibrant center for residential and business hub in the National Capital Region. strategically located between Delhi and Manesar. New Gurgaon is about 35 minutes from the airport and 25 minutes from DLF Cyber City thanks to direct access to NH-48 and the Dwarka Expressway. Over 25,000 families have already relocated to this area of Gurgaon.

New Gurgaon has developed into one of the educational centers of NCR. With Prominent institutions and universities including BML Munjal University, Amity University, GD Goenka College, DPG Institute of Technology and Management, as well as schools like DPS International and St. Xavier's.

Why Real Estate Investment in New Gurgaon Property – Today Gurgaon has made his own niche in the real estate market where residents, builders, and investors all have put their efforts to make Gurgaon as the best real estate destination to invest.

With future growth potential, numerous infrastructural projects currently under construction, affordable housing, and seamless connectivity, New Gurgaon has emerged as a prime location for real estate investment.

Sectors or areas with a prime location on either side of the highway and that are also reachable by internal sector roads are referred to as "New Gurgaon" and are located beyond the second toll plaza on NH-8. The real estate micro-market and the Dwarka Expressway, which is now considered as a stretch of the new Gurgaon region, are the two growth corridors for development projects.

Two major clusters, Sectors 76 to 95 & 95A and Sectors 102 to 113, in New Gurgaon offer bright prospects. The National Highway 8 (NH8), the Dwarka-Gurgaon Expressway, and the Kundli-Manesar-Palwal Expressway, which connect the major three roads, are all easily accessible from all of these areas. The proposed ISBT, the airport, and the railway station are all very close to commuters on this road. The National Highway Pataudi Road passes through it, making it the ideal real estate investment in new Gurgaon.

Gurgaon's metro expansion plan but no clarity on routes - There are a number of top-notch commercial and residential projects that are developed here because of the good connectivity to interior areas of New Gurgaon and Delhi, along with the upcoming metro extension. According to the officials, the metro route will begin in Huda City Center and travel up to Sector 23, which crosses NH-8 at Hero Honda Chowk through Subhash Chowk. It will travel from NH-8 via sector 9A to Sector 104 close to the Dwarka Expressway and then return. The metro route will then continue to Sector 4 or Sector 5 and head towards Rezang la Chowk and Palam Vihar in Sector 23.

Primarily, the metro route was to have 19 stops, but officials changed their plans and chose to build 22 stations instead. In order to take the metro up to Sector 104, the metro route alignment has changed. Many investors in the commercial and residential sectors were attracted to this development move.

The most well-known builders have all shown a great interest in the area and have started a number of projects in New Gurgaon, including those in sectors 82, 83, 86, 91, 92, and 95A. The Haryana government also projected more development initiatives in the area in the future. Additionally, New Gurgaon has emerged as the most promising financial and industrial hub in India, with the third-highest per capita income, and promising a healthy return on investment over the course of the medium to long term.

Real estate Growth - New Gurgaon is known as a premier area for both commercial and residential development. Multinational companies, industries, corporate structures, offices, and other commercial setups are perfect for this area. The Dwarka Expressway and the New Gurgaon region are expected to increase demand for office and retail space. More than 500 enterprises have local offices in the city. The commercial expansion has also resulted in residential growth across Gurgaon.

Approximately 51,000 residential apartment units have been launched up to this point. Due to the presence of major business opportunities, there are plenty of jobs and investment opportunities in Gurgaon. The increased demand for office spaces has led to the growth of business centers, virtual, offices, or co-working spaces. The co-living spaces and co-working or the shared spaces have contributed to the changing trend in the residential and commercial sectors. There is a huge rise in the availability of space for rent as people are buying more and more property in Gurgaon, which also has become a new trend for investment purposes.

Source: https://unifitrealty.com/location/projects-for-sale-in-new-gurgaon/

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Created on Jul 20th 2022 04:19. Viewed 217 times.

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