Hero Honda Chowk, Gurgaon

Hero Honda Chowk, Gurgaon, connects the hero honda road and linomatic road in sector 33, gurgaon. the interaction is named after the nearby hero honda motorcycle showroom, and the area around is commonly referred to as the hero honda chowk region.  hero honda chowk lies on the border of sector 33 and is surrounded by the localities of – tara patti, sector 33, sector 48, sector 37b and sector 72. the intersection is close to the badshahpur jheel as well as the municipal corporation of gurgaon, and sh 48 (delhi-jaipur expressway) flyover passes over the intersection

key highlights

• located close to the phase cityi and phase city ii industrial areas in sector 37 

• one of the important commercial areas of gurgaon with several shops and brands readily available in the area.

• close to the medanta medicity, one of the most popular and most prominent hospitals in gurgaon

• the presence of sector 37 police station, a police academy to train recruits, assures the regions safety and security.

• several places of worship in the regions such as – krishna mandir, sani  mandir, khatola mandir, and others

• anaj mandi and sabji mandi, the two major wholesale food markets in gurgaon, are located close to the region.

• excellent educational infrastructure in the region with institutes such as dpg institute of technology and management, avr school of drama, and ram manohar college of education located near the region.

whats great?

• connected to hero honda road, sh 48 (delhi-jaipur expressway), and linomatic routes, one of the busiest roads of gurgaon.

• well connected to other regions by roadways, there are several bus stations in proximity to the intersection.

• several petrol stations, cng stations, and vehicle service stations located in the region

• there are very sparsely populated areas, so there are no frequent traffic jams, no rush on streets, and no crowded marketplaces in the area.

whats not great? 

• very few properties are available for rent; most of them are available for purchase only.

• Watch out for?

• commercial properties near the sh 48 expressway

• property rising factor

• short term

• several new industries are being set up in the phase city ii and i industrial zones.

• long term

• the region is an essential commercial spot in gurgaon, not to mention its proximity to sh 48 and badshah jheel. 

other highlights

• social infrastructure

the region is primarily commercial and industrial, and as such, the entertainment options and socializing options are minimal. there are several temples in the area – shree balaji temple, shani mandir, and others, and several small and large parks in the region such as – shri krishna park, huda park, cona park, aman park, and others. 

shopping complex & markets

• sabji mandi, hari nagar 

• anaj mandi, sector 10a

• vishal mega mart, pace city 1, sector 10 a

• discount mart, sector 10a

• health care centers

• nagia ent hospital, phase city i, sector 10a

•  vaishnavi nursing home, delhi jaipur expressway, sector 33

• connectivity & public transport

• the nearest bus station is at sector 10a/37

• sh 48 (delhi jaipur highway) passes through the region.

• schools, bank & fitness centers

• roe land public school, sector 33

• dpg institute of technology and management, sector 34

• ram manohar college of education, begumpur khatola, sector 72

• balaji school of acting and modelling, huda market, sector 10a

• hdfc bank, sector 34, nh 8

• icici bank, sector 10a

• popular landmarks near locality

• badshahpur jheel

• sector 37 police station

micro market analysis

• capital and rental trends

• the property market in hero honda chowk mainly consists of apartments that make about 60% of all the offerings. the second primary offering is residential plots (20%) and industrial buildings (20%).

• it is to be noted that most of the apartments are available for purchase only and not for rent, and thus offers for rent in the area are very rare. therefore, the majority of properties available for rent are industrial buildings (67%) and commercial office spaces (33%)

• the most popular apartment layout is of 3 bhk covering about 67% of all the apartment offerings, and the following popular layout is 2 bhk apartments covering about 33% of all the apartment offerings.

• the price range of residential properties is about inr 3,750  to inr 5,000 per sqft, with the lower limit offered for residential apartments and the higher limit shown for residential plots.

• scope of growth

• the area is relatively underdeveloped, but the commercial potential of the properties is high. the presence of delhi-jaipur highway and pace industrial city nearby ensure that the prices would rise in the future. the prices in the area are expected to appreciate at a moderate rate of 1.0%-1.50% per year.

• investment opportunities

• investment in the commercial properties near the delhi-jaipur highway and the linomatic road is a good idea.