New Gurgaon is changing the
skyline of millennium city with residential and commercial projects in Gurgaon
Spurred by attractive pricing,
good-quality projects, well developed neighbouring areas, and planned
development, New Gurgaon is fast emerging as a vibrant residential and
commercial hub in Gurgaon. New Gurgaon is a moniker coined for the areas and sectors
beyond the second toll plaza on NH-8, which are located on both sides of the
highway and are accessible from it through internal sector roads.
Sectors 81 to 95 of Gurgaon are
covered under this belt, which includes tremendous commercial and retail developments
as well.
This real estate micro market is one
of the two identified growth corridors for residential projects in Gurgaon; the
other being Dwarka Expressway. The influence zone of this micro market extends
from the sectors after Kherki Daula toll plaza and right up to the sectors
being developed beyond and all the way till Manesar on both sides of the
highway. Till date, over 44,000 residential apartment units have been launched
here across more than 80 projects.
Apartment prices have gone up by over
37% and 20% in 2012 and 2013, respectively, compared to previous years. The
projects here have also moved up the value chain starting from
affordable-housing projects and slowly moving up to mid-segment and premium
housing.
It is one of the less expensive residential
micro markets within Gurgaon and hence has also seen healthy sales volumes over
the last few years.
Accessibility and good existing
connectivity have also worked in favor of this region. The forth coming
infrastructural projects like DMIC, KMP Expressway, and multiple centers of
excellence as planned under the DMIC are likely to further provide an impetus
to growth around this area. Economic activity will fuel future growth, with
existing automobile and ancillary industries in Manesar already doing well.
New Gurgaon is coming up as an
exciting new destination for real estate investment as well as end use. The
area has witnessed tremendous infrastructural upsurge by way of new roads as
well as electricity and sewerage networks. All leading developers of northern
India are coming up with townships and new apartment launches in the area.
Residential prices in the area range from Rs 5,000 per sq.ft to Rs 8,000 per sq.ft,
depending upon location, specifications and developer's brand appeal.
Realty players like Ansal Housing, SS
Group, ILD, DLF, Vatika, Emaar and MGF have already entered New Gurgaon with
many new projects, including townships.
For instance, Ansal Housing is coming
with commercial project “Ansal Hub Boulevard” in Sector 83 Gurgaon. This project will be surrounded by several townships,
residential projects, and commercial spaces which will yield good profit for
Ansal Hub Boulevard investors, as the place will bring in a great number of
buyers.
ILD is also coming up with its new project pre-Launch in
sector 37-C "ILD Grand Centra" the project
is a part of a 22 Acre Group Housing and very well connected to Up Coming
Dwarka expressway and existing NH-8 through 60 meter wide road.
Apart from its great infrastructure,
attractive pricing, brilliant-quality projects, and the profile of developers
in the region has also assisted growth in New Gurgaon. This destination is
already drawing a lot of investor interest with a hefty price appreciation in
the last couple of years. And looking at the trend this region is setting, this
active investor interest will only keep on moving north.
Already, over 2,200 residential units
have been completed and handed over to buyers with nearly 38,000 more units
likely to be handed over the next 3 years.
This will build a critical mass for
future development of retail centers which will be an improvement over the
current, existing neighbourhood retail shopping centers developed as part of
township projects. Some of the towers and projects, parts that have been
completed, have been handed over.
A healthy amount of commercial office
supply of around 1.9 million sq ft is also expected to come up over the next 3
years here. Apart from this, there are branded hotel projects which point
towards current and anticipated demand from business travelers once economic activities
pick up.
For more info for Property in Gurgaon Visit:- Property Point
Including a lot commercial and residential projects inside itself, We are sure as you go along looking at the various apartment layouts in Gurgaon. And you would be agree too with many others who have decided to invest into this amazing property.
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