New Gurgaon: A Promising Real Estate Market Of NCR

New Gurgaon - Real Estate Market
New Gurgaon: A Promising Real Estate Market Of NCR

New Gurgaon: A  real  estate  market  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.

Also read: Dwarka Expressway: A Fast Emerging Real Estate Market of Delhi NCR

New Gurgaon:A Promising Real Estate Market Of NCR

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