Gurgaon is a part of National Capital Region (NCR), touted as the Millennium City of India. Named after Guru Dronacharya, the legend from the epic of Mahabharata – Gurgaon has morphed into a bustling metropolis over the last 25 years. The phenomenal turnaround has happened primarily on the backdrop of land price appreciation, driven by multitude factors such as evolution of the city into a business destination of international repute & development of a world class infrastructure comprising of Special Economic Zones (SEZs), Metros & Expressways. Not to mention, slew of Shopping Malls & Education Institutions that is unrivalled among many major Indian metros.
The commercial & infrastructure growth was simultaneously associated with Gurgaon becoming one of the favourite real estate destinations across India. Major real estate development companies have flocked to the city in the recent past to create world class residential projects to accommodate the rapidly surging workforce. High capital returns & rental yields have also translated into increased investment activities in the real estate sector.
Square Yards Global Intelligence Cell (GIC) enlist top 5 investment avenues in Gurgaon, acclaimed to be the next upcoming realty destinations in the city.
Sector 78, 79 & 80 (New Gurgaon) – The burgeoning micro-market of Gurgaon is known for offering affordable realty alternatives to other micro-markets of Gurgaon. New Gurgaon is well connected to National Highway (NH) – 8, proposed Kundli-Manesar-Palwal (KMP) Road, Southern Peripheral Road & Northern Peripheral Road.
Due to its excellent connectivity, the region has presence of leading industries, corporates and IT companies such as Techblue Software, Hamdard & Theeta Electricals etc. These companies are likely to drive further demand for residential units- That will be fed by luxury residential options offered by various renowned developers such as Raheja, Umang & Godrej etc. Some of the distinguished projects are Bestech Park View Altura, Godrej 101, Godrej Aria & Umang Monsoon Breeze Phase I etc. Square Yards GIC indicates that the average capital value is INR 5,214 per Sq. Ft. in Q1-2016, compared to INR 4,100 in 2012 – over 27% increase.
Sector 69, 70 & 70A (Southern Peripheral Road) – The region is strategically located on Southern Peripheral Road (SPR). It has close proximity to SPR, NH 8 & Northern Peripheral Road (NPR). The under construction KMP Road and Dedicated Freight Corridor (DFC) are expected to further boost the connectivity of this region. Metro is also planned along SPR in the future that is expected to escalate property prices and connectivity.
The SPR is emerging as a high class locality having a mix of residential and commercial properties. With upcoming commercial properties such as Spaze IT Park & Spaze Forum etc. the demand of the residential units on the back of surge in number of working professionals. To cater to increasing demand, developers have come up with their state of art projects such as AIPL The Peaceful Homes, AIPL Zen Residencies & Unitech South Park. Square Yards GIC indicates that the average capital value is INR 7,183 per Sq. Ft. in Q1-2016, compared to INR 5,713 in 2012 – Over 26% increase.
Sector 2 & 34 (Sohna) – Also known as South Gurgaon, the region is located on the southern part of Gurgaon. It is endorsed as the next axis of growth and development on the back of superb connectivity to NH 8, NPR & Golf Course Extension Road (GCER) via Sohna Road & SPR.
The Sohna Master Plan 2031, that was introduced couple of years before has been instrumental in changing the fortunes of the Sohna Road and Sohna as a location. The plan that stipulates to transform Sohna into a new destination for investors, businesses and end users alike has stimulated various big developers to look into the location. Various renowned developers have their gated projects such as Ashiana Mulberry, Eldeco Accolade, Supertech Hill Town & Shree Vardhman Olive etc. in the region. Square Yards GIC indicates that the average capital value is INR 4,750 per Sq. Ft. in Q1-2016, compared to INR 3,900 in 2013 – Nearly 22% increase.
Sector 102, 103 & 104 (NPR) – The region is situated on either side of North Peripheral Road (NPR), an 18 km long and 150-metre-wide road which runs in a smooth parabola from near Kherki Daula on NH-8 to Dwarka. It is a third direct connection between Delhi and Gurgaon (after NH-8 and MehrauliGurgaon Road), that gives an opportunity for infrastructure development.
The region has superb connectivity to Delhi, Gurgaon via NPR, NH 8, SPR and proposed SEZs near sector 88, 89, 99 and 37D. Due to its excellent connectivity & saturated market in other parts of Gurgaon, the region has seen surge in demand of residential units arising from professionals working in Cyber City, Huda City Centre & Udyog Vihar etc. To cater to the growing demand, prominent developers have come up with their gated projects such as Adani M2K Oyster Grande, Indiabulls & Gulmohar Avenue etc. Square Yards GIC indicates that the average capital value is INR 6,100 per Sq. Ft. in Q1-2016, compared to INR 4,860 in 2013 – Over 25.5% increase.
Sector 65, 66 & 67 (GCER) – It is located on Golf Course Extension Road (GCER). GCER is the stretch that connects Golf Course Road (GCR) from Sector 55-56 to Sohna Road intersecting at Badshapur. These sectors have excellent connectivity to Golf Course Road, SPR, Sohna Road & NH 8.
On the back of superb connectivity, the location witnessed numerous commercial hubs such as Spaze Business Park, Universal Business Park & Paras Twin Towers etc. As a consequence various renowned developers have come up with their gated projects such as M3M ST. Andrews Golf Residences, Emaar MGF Marbella & M3M Golf Estate etc. Square Yards GIC indicates that the average capital value is INR 10,450 per Sq. Ft. in Q1-2016, compared to INR 8,105 in 2013 – Nearly 29% increase.
