Published on: Oct 21, 2015 @ 12:27
New Gurgaon is emerging as a promising destination for buyers and investors in the Delhi NCR property market. The property prices in Gurgaon have gone up very high and are no longer within the reach of the common buyers. New Gurgaon is a relatively less expensive micro-market within Gurgaon, where the rates are still affordable.
Due to the good connectivity, infrastructural growth and future growth prospects, New Gurgaon has, of late, has emerged as a fast-rising hot spot and turning out as a prospective residential and commercial hub in the NCR.
New Gurgaon is an ideal destination for both buyers and investors as it has properties available at an affordable pricing. There are many attractive options for every home buyer and investors too as studio flats, apartments, penthouses, independent floors and villas are available there.
It is situated on the intersection between NH-8 and the 150-metre-wide Dwarka Expressway and has flourishing business hubs within close proximity. The New Gurgaon develops around the area beyond the second toll plaza on NH-8, located on the highway on either side of it and covering sectors 76 to 95 as per the Master Plan 2031.
New Gurgaon is strategically well connected with Delhi through NH-8 and other three major highways. With its three main corridors such as–Dwarka-Gurgaon Road, National Highway–8 and Gurgaon-Sohna Road, one can easily and smoothly reach New Gurgaon from any point of NCR in a quick time.
Once, Dwarka Expressway is operational, commuting between Gurgaon, New Gurgaon and Delhi will be much faster. Besides the Delhi-Gurgaon Highway and the Mehrauli-Gurgaon Road, this will be the third route to reach Delhi.
The KMP Expressway is also slated to be completed soon and the 1,483-km Delhi-Mumbai Industrial Corridor located on NH-8 will be an added advantage. Its connectivity to Neemarana expressway that has 1,200-acre Japanese zone and the opening of Hyatt Regency and the coming up of Cyber Hub-2 on the main Sohna Road stretch makes it more worth living .
Projects in New Gurgaon have come up with good infrastructure, affordable prices and high quality projects and many more. A number of large townships are being built there by reputed developers. New Gurgaon has all the basic infrastructural facilities of a modern city such as-wider roads, well planned drainage system, electricity, water facility, schools, colleges and other educational institutions, hospitals, big shopping complexes, finest eateries and entertainment zones within a quick driving distance.
In its close proximity is multispecialty Rockland Hospital. The IGI airport is a short drive away from New Gurgaon. Damdama Lake and Sultanpur Bird Sanctuary are very nearby.
Considering all the above advantages, the end-users and investors can buy property in New Gurgaon, while they are still within the affordable range. Being in close proximity with the main Gurgaon city, this area is slated for immense growth. More than 50,000 residential apartments units have been launched so far in New Gurgaon in more than 90 projects. For environmentally-conscious customers, some green projects have also been launched in the area.
There are already many residential projects of renowned developers such as DLF, Vatika, Microtech Infrastructure, Orris, Lotus Greens, BPTP, Ramprastha, Supertech and others in New Gurgaon and some of them are expected to be completed soon.
So, Investors and home buyers looking for affordable options and long-term investment horizons may invest in New Gurgaon. Property prices have gone up sharply in the past few years but during 2014, the price level was almost stagnant. The value of the investment is likely to appreciate once various infrastructure projects and industrial estate are operational. The plan to connect the New Gurgaon sectors with the Metro and Rapid Metro will definitely give good returns on investments.
Ajay Verma, founder and writer of TheHousingWorld, a real estate and mortgage news website. He has over fifteen years of rich experience in the above mentioned industries.