For the Best investment in Gurgaon, the location plays a major role.
Back in 1979, the ‘Millennium City’ Gurugram was not more than a village when it is separated from Faridabad for administrative convenience.
Back then, there was no good transport, public utilities, or even basic parameters of development.
However, in 1991 when the LPG reforms opened the gates of the economy for the MNCs, Gurgaon managed to attract massive investment owing to the availability of land and easy acquisition process.
Riding on the wave of the post modernization boom, Gurgaon prosper and soon became an IT Hub and one of the most developed cities in India.
By 2013, nearly 500 companies had set their offices in Gurgaon including American Express, IBM, Motorola, Google, Microsoft, etc.
Soon, Gurgaon became a leading destination for a workforce which increased housing demand, and infrastructure development and led to the emergence of illustrious social amenities.
Today Gurgaon is a home to skyscrapers, Business Park, High-end malls, world-class hospitals, reputed schools, colleges, and almost everything which is required to live a luxurious and good quality life.
Since all the places in Gurgaon are seeing more or less the same pace of development, it became confusing for most of the investors to select the best location for investment or buy property in Gurgaon for end-use.
Here are some top picks in Gurgaon based on the best quality of life, connectivity, and future growth potential of the area.
Golf Course Road
Golf Course Road is considered one of the high-class localities of NCR. This high ends locality is home to many ex-pats, high-net-worth individuals and top employees of MNCs.
Its 8 km long stretch includes sector 27, 42, 43, 53, 54, 55, 56 & DLF City Phase 1, 2 & 5. Golf Course Road enjoys excellent connectivity to the Business parks, reputed schools, world-class hospitals, several malls, and famous restaurants in the vicinity.
Connectivity:
The location of Golf Course Road is located southwest of Delhi and close to South Delhi & Rajiv Chowk.
It is easily accessible from South Delhi via NH-48, Faridabad via SPR and Pali Road, and Shona Road via 6-lane Golf Course Extension road. GCR is only 16 km away from IGI Airport. Rapid metro Phase 2 connects it to Delhi Metro mainline.
PRICE TRENDS & GROWTH POTENTIAL:
The prices of property in Golf Course Road varied between Rs. 12,000 sqft – Rs 15,000 sqft in 2021. Golf Course Road has ready to move in properties and projects nearing completion.
Considering the current trends and presence of Grade A office spaces and high-end luxury projects, it is going to regain its tag of the ‘most sought after realty destination’ in the near future too.
However, any hopes to see the micro-market repeat the growth trends of 2010-2011 would be too unrealistic.
Sohna Road
Sohna holds historical Significance and is a major tourist attraction delinquent to the scenic surroundings of the range of Aravalli hills and temples.
The increased growth in the key areas of Gurgaon in the past few years caused overspreading development to the south of Gurgaon-Sohna.
Sohna is emerging as the key to the real-estate destination because of close proximity and good connectivity to business centers, affordable flats, and industrial belts in the vicinity.
The development of Sohna is done as per the Master Plan 2031, introduced in 2012, which divides it into 38 sectors and provides a plan for the development of physical and social infrastructure.
Connectivity:
The connectivity of Sohna with Gurgaon is through via 4-lane NH-248A that stretches up to Alwar. From Manesar, it is easily accessible through a 135 km long KMP Expressway.
Gurgaon railway station is 28 km away from Sohna. From Growth Corridor Huda City Centre Metro station is located 26 km away whereas IGI Airport stands away just 40 km.
Price Trends & Growth Potential:
Sohna Road growth corridor property prices range from Rs 5,695 per sqft to Rs 8,908 per sqft.
Due to being exceptional location advantages, expanding commercial & business hubs in the vicinity, and the foundation of 1700 acres, IMT-Sohna is expected to Drive several investors to Sohna Road Corridor in the next few years.
The vigorous Social and physical infrastructure will also witness significant growth in upcoming years.
New Gurugram:
The Extends of the New Gurugram region is from Sector-76 to Sector-95. The New Gurgaon is developed under the aegis of Gurgaon Manesar Urban Complex Plan (GMUC) 2031 and is located between Gurgaon and Industrial Model Township (IMT) Manesar.
The development plan of New Gurgaon will give a major boost to the infrastructure in the region and it will facilitate development in a structured way. The ‘New Gurugram’ is seen as a realty hotspot in NCR.
Connectivity:
The connectivity of New Gurgaon is less than an hour’s drive from IGI Airport. The nearest metro station is 21 km away which is Huda City Centre whereas the rapid metro is 23 km away from New Gurgaon.
Price Trend & Growth Potential:
The average price levitates around Rs 6000/sqft. It holds a huge growth potential.
Close proximity to major employment hubs and industrial hub Manesar, affordable price, and growing social and physical infrastructure are garnering the attention of investors and end-users alike.
In New Gurgaon, the Affordable housing segment is likely to drive the real estate market. With several infrastructure projects, the future looks highly promising and upbeat in this region.
Dwarka Expressway
The construction of the Dwarka Expressway is according to the Gurgaon master plan 2021 to connect Dwarka to Palam Vihar.
This is further extended to the Kherki Dhaula toll plaza as per the Master Plan 2025. It offers easy and seamless connectivity to Delhi & Manesar.
Currently, this time only two roads Dwarka Expressway & Mehrauli-Gurgaon Road connect Gurgaon and Delhi.
This road passes through sectors 109, 99, 105, 37D, and 113. These sectors are seeking both demand and supply in the past few years.
Connectivity:
Dwarka Expressway has easy and seamless connectivity to the Huda City Centre metro station located 30 minutes away.
It has close proximity to IGI Airport, Cyber City, and some major commercial hubs and business hubs. It also has excellent road connectivity to the industrial hub (IMT) Manesar.
Price Trends and Growth Potential:
Dwarka Expressway property prices fall in the range of Rs 4,435 per sqft to Rs 7,286 per sqft. The issue of land acquisition has long kept this area away from growth and development.
Now when the government has given all clearance to the land acquisition issue, it is expected to see significant growth in upcoming years.
This is seen as the next IT-ITes hub owing to its close proximity to Airport and affordable prices. The stable rise in capital values in the past few years constitutes a promising future ahead.
Southern Peripheral Road (SPR)
Southern Peripheral Road areas are collectively emerging as promising real estate corridors and have both commercial and residential properties.
The origin of the SPR network is from sector-58 and connects to NH-48 through Badshahpur Chowk at Shona.
The Sector along SPR are-55, 56, 57, 50, 49, 58, 61, 62, 65, 66, 70, 71, 71, 73, 74, 74A and 75A. This area has both completed and under-construction projects to offer.
Connectivity:
Southern Peripheral Road is a commercial hub and has easy and smooth connectivity with other business hubs in Shona & Golf Course Road. It has close proximity to various office spaces is the main reason behind the increasing housing demand.
It also has some reputed educational institutions in its vicinity. SPR is connected with GCR, Sohna Road & NH-48.
Price Trends & Growth Potential:
The range of property prices in Southern Peripheral Road from Rs 5,400 per sqft to Rs 8,251 per sqft in 2021. SPR corridor itself is a commercial hub and considered a growing micro-market with good infrastructure and easy connectivity.
Due to the continuous developments in infrastructure expected to drive the demands in the near future.
