New Gurgaon is evolving as a lively commercial and residential hub in the NCR region. The tremendous surge in the infrastructural developments, good connectivity accompanied with viable property are the strengthening reasons to bring affluent investment in this location. The New Gurgaon micro-market is a name coined for Gurgaon extension, out of the tow area which have been recognized as “growth corridors” for residential projects, other being Dwarka Expressway.
In parallel pace to the infrastructural developments, the residential expansion of this micro market can be calculated by looking at the number of real estate projects in this area. As of now, there has been a total number of 94 projects with 50,000+ residential flats in this zone. The two key areas in New Gurgaon extending along with the forthcoming Dwarka-Gurgaon Expressway are Sectors 76 to 95 and Sectors 102 to 113.
Due to the upsurge in the property prices and the shifting real estate value chain, the earlier affordable housing projects have moved up to premium housing segments. Opposing to this market dynamics, the newly created micro market continues to remain one of the premium yet affordable residential area in Gurgaon and therefore has also seen good sales volume pick up in the recent past.
The list of prestigious developers in New Gurgaon are Vatika Group, DLF, Lotus Greens, Supertech, Ramprastha and Orris. The huge township projects by these developers has gotten this micro market to rise to a new standard. By now, over three thousand residential units have been sold and approx. 30,000 are to be sold in the next 2-3 years’ time frame. These figures are sure to attract the neighboring retail centres which will be an added benefit to the developing township projects.
Among the various townships emerging in New Gurgaon, the Mega Township DLF’s Garden city is said to be a well-thought-out residential project which is spread across a sprawling 1000 acres of land. Due to the significant rise in pollution levels, NCR residents are suffering from a severe lack of fresh air. Therefore, keeping in mind the current scenario, the upcoming township ‘DLF Garden city’ is developed in the lap of lush green surrounding.
The upcoming infrastructural developments in the region such as KMP Expressway, DMIC and the existing Dwarka Expressway along with the internal arterial roads have helped to work in the favor of this region. The industrial area near Manesar will boost the economic activity and future growth of the region.
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