Articles

4 Best Locations Of Buy A House in Gurgaon

by Anurag Gupta Real Estate Consultant
While thinking to buy a flat, you may have several images popping up in your mind. You may also be concerned about amenities lying nearby other things, but the most important question remains: Where to buy a flat? While there are many posh cities once could look for a flat in, Gurgaon is the one locality that has never failed to offer better even at the times of fall. Gurgaon boasts 62% localities having an average price increment of 3% (outrunning the Oct-Dec 2015 Index Value of 2.3%). What follows are some of the places to look for a residential property in Gurgaon.


Gurgaon’s Golf Course Extension Road
Knight Frank India, a real estate consultancy, states in its Residential Investment Advisory Report 2016 that Golf Course Extension Road is one of the places which have capacity to have the largest price appreciation in the NCR (National Capital Region) in the next five years. You may want to know the connectivity of the six-lane Golf Course Extension Road; through the Sohna Road it connects to Gurgaon. Shortly, the Golf Course Extension Road will join the Gurgaon-Faridabad Road, as the metro rail line work up to sector 55 is in progress.

This is expected to be completed till September 2016. Besides, Golf Course Extension Road is in the proximity of well-developed sectors of Gurgaon like 48, 49, 54-57. Amenities such as malls, shopping complexes, hospitals and schools lie within a radius of 2-3 kilometers. The prices of these apartments range from Rs 6,800 to 9,800 per sq ft, which may go up to Rs 13,900 per sq ft till 2020. Along with end-users, this place is also likely to draw investors.

Southern Peripheral Road
Southern Peripheral Road is said to be the future hub of New Gurgaon. This 150 meter wide road is attracting both, end-users and investors. It boats a strong connectivity, which is one of the important reasons for speedy price appreciation in the near future. This 16 kilometer long road provides connectivity to the National High 8 and the intersection of Sohna Road at Badshahpur. Property experts say that Gurgaon has evolved as a big commercial hub, and the area like SPR is no less than a blessing for investors and end-users too.

SPR is said to have an around 25-30% capital appreciation in the coming future. The area will be equipped with modern amenities such as clubs, gyms and swimming pools, and the interiors will have imported flooring, VRV air conditioning and modular kitchens. The prices of this under-construction property range from Rs 4,500 to Rs 9,500, which is around 20-30% lesser than the ready-to-move-in projects at Golf Course Extension Road and Sohna Road.

Sohna Road
Sohna Road is one of the finest residential destinations in Gurgaon. It holds a remarkable connectivity with Golf Course Extension Road, National Highway 8 and upcoming commercial hubs. The connectivity of this area will also touch New Gurgaon, a booming residential and commercial destination, in the future. Various developers like Omaxe, Raheja, Parsvnath, Eldeco and Vipul have flourished many residential and commercial properties in Gurgaon.

This area provides housing apartments, duplexes, villas, and plotted developments, and it boasts numerous malls and almost all social amenities like hospitals, schools, hotels and so on. The prices of ready-to-live-in options range from Rs 8,000-11,000 per sq ft. In the past year, the prices in this area have been static because of the bizarre macro-economic sentiments. Though, experts say that as this market is preferred by companies searching for affordable options, this area is expected to catch good pace in the upcoming two or three years.

Manesar
Manesar known for an industrial hub in Haryana has numerous automobile companies, one of them is Maruti Suzuki India. Here, residential projects are either under initial stage or construction. There is a great demand of residential options in this area, and 40,000 workers who work in Manesar also contribute to this great demand. Analysts say that houses would be available in Manesar in approximately 3-4 years. In Manesar 2,500 units are said to be available in the coming two years, but the demand may reach up to 500,000 houses till then.

The prices in Manesar may range from Rs 4,000-5000 per sq ft. The average price for apartments could also be Rs 50 lakh to Rs 60 lakh with an EMI (Equated Monthly Installment) around 50,000-60,000. Manesar boasts many amenities like hotels – Manesar Hotel, Ginger Hotel, and   good water supply, sewerage disposal, shopping malls or centers, health centers, schools, roads, Golf Course and Clubs.

Conclusion
Now, your dream destination to own a house with required amenities and facilities isn’t far away. The above mentioned locations provide you a good connectivity, nice facilities and amenities, and the expected appreciation in the upcoming future.

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About Anurag Gupta Advanced   Real Estate Consultant

24 connections, 0 recommendations, 112 honor points.
Joined APSense since, December 25th, 2018, From Delhi, India.

Created on Mar 12th 2019 06:47. Viewed 847 times.

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