Home to some of the most luxurious residential projects of Gurgaon, Golf Course Extension Road boasts of a dynamic and niche property market. Seated in conjunction with the famous and bustling Sohna-Gurgaon Road, Golf Course Extension Road reflects an ideal blend of residential, commercial, and infrastructural growth.
Golf Course Extension Road, also known as Southern Periphery Road, is a six-lane road that originates from Hotel Bristol Chowk on MG Road and goes all the way till Sectors 55-56, and includes new localities like Sectors 61, 62, 65, 66, and 67 among others. The stretch of road is also seeing the development of various green belts, making it an extremely eco-friendly and tranquil region.
A newly developed locality, this stretch of road hosts large-scale and palatial residential complexes like Ansal Versalia Avante, AWHO Devinder Vihar, Rail Vihar, Hewo Apartments, Park View Apartment, and DLF Richmond Park. These lavish projects make the region an extremely posh market to invest and reside in.
The social infrastructure of the area enjoys a range of institutions, with countless schools, colleges, hospitals, and parks spread across the area. Some of the prominent educational institutions here include Lotus Valley International School, DPS International, and ISBM Gurgaon, along with healthcare institutions like Complete Women Care, Jain Maternity & Infertility Clinic, Trinity Dental Healthcare, and Park Hospital.
The commercial infrastructure in the region is equally thriving, with a vibrant mix of restaurants, cafes, supermarkets, exclusive shopping complexes, bakeries, apparel stores, hotels, and wine stores among others, scattered throughout the stretch. Entertainment hubs like Omaxe Gurgaon Mall, City Centre, Megapolis Mall, and Raheja Mall lie in proximity to Golf Course Extension Road, and to its rapidly growing realty worth.
Key Projects in Golf Course Extn :
Connectivity and Transit Points
Sandwiched between Sohna-Gurgaon Road and Golf Course Road, connectivity and accessibility have been two very strong selling points of Golf Course Extension Road. With a 90-metre wide six-lane road, Golf Extension Course Road provides smooth and quick connectivity to the residents living in nearby localities. The road’s consensus with Sohna-Gurgaon Road is its high point, which further melds with Delhi-Gurgaon Expressway, making various areas of Delhi easily accessible from here. The wide, well-maintained road network in and around Golf Course Extension Road helps it enjoy impeccable connectivity to all parts of Gurgaon as well as other parts of the NCR.
Due to the strong and well-heeled road connectivity, various modes of transport like buses, autos, and taxis are widely preferred in and around the area. The bus stations in proximity to the region include South City 2 Bus Stop, CD Chowk 1 Bus Stop, and SS Plaza Bus Stop, which hosts a number of buses to nearby areas. Gurgaon Bus Station, which facilitates travel to other areas of the NCR, is situated 10 km from here, and can be reached within 20 minutes via public buses as well as other modes of road transport.
The Metro rail is also an integral part of the transportation infrastructure of Gurgaon and is a widely preferred mode of transport. Huda City Centre Metro Station is situated 9 km from here, and can be accessed via Vikas Marg. Metro trains from this station facilitate quick access to several parts of Delhi.
Rail travel in the area is facilitated by Gurgaon Railway Station, which is situated at a distance of 13 km from here. Trains from this station facilitate both inter-city and intra-city travel. One of Delhi’s prominent railway station, Delhi Cantonment Railway Station is situated 35 km from the region, and provides rail connectivity to various parts of India.
Indira Gandhi International Airport lies at a distance of just 25 km from here, and can be reached within 35 minutes via Delhi-Gurgaon Expressway.
Factors for Growth in the Past
Its accessibility to NH-8 and South Delhi via the Gurgaon-Faridabad Expressway played a very important role in helping it gain prominence in the realty market. Development of Sohna-Gurgaon Road and Delhi-Gurgaon Expressway was another major factor that enhanced transportation infrastructure in and around the area.
The commercial and residential projects that sprung up along Sohna-Gurgaon Road played a pivotal role in roping in developers like DLF, Pioneer’s Group, Emaar MGF, and Ansal to set up lavish and spacious projects in the area. The launch of variety of these upbeat projects provided the real estate market of Golf Course Extension Road a rigorous boost.
While these projects played an important part in showcasing the locality as a posh and well-developed one, the area got into the thick of the real estate market after the development and extension of Road No. 9 from Sikanderpur to Golf Course Road, which brought in a wave of development to the area.
Residential and Commercial Market
Residential Market Trends
Golf Course Extension Road hosts a large number of cooperative group housing societies along with several premium residential complexes, which has created a critical mass of population in the area. High-rise apartments form the largest part of the residential property market in Golf Course Extension Road with builder floors, residential plots and layouts, villas, and independent houses also present, but in smaller proportions.
While the high-rise apartments in Golf Course Extension sell at an average rate of Rs 8,280 per sq. ft., builder floor apartments sell at an average rate of Rs 6,970 per sq. ft. The average rate of residential plots in the area is Rs 83,790 per sq. yd. and for residential houses it is Rs 8,010 per sq. ft.
With many mid-to-large scale residential projects completed and ready to occupy, the rent culture in the area is up and running. The average rental rate ranges from Rs 11 per sq. ft. to Rs 29 per sq. ft., with the rent ranging from Rs 16,000 per month to Rs 80,000 per month.
Commercial Market Trends
Commercial spaces in the area have seen tremendous growth in the past few years, with commercial projects like Global Business Foyer, Paras Twin Towers, Suncity Business Park, and Ninex Time Tower being launched here.
The average property price of offices in the area is Rs 1.6 crore, selling at an average rate of Rs 8,590 per sq. ft. Shops in the region sell at an average rate of Rs 15,420 per sq. ft., with the average price falling close to Rs 92 lakh. Quite a few commercial plots are also available in the area, and sell at an average rate of Rs 2,470 per sq. ft., roughly translating to Rs 40 crore.
Several commercial establishments are up for rent as well. The rental price of these commercial properties is pretty high, with offices being rented out at an average rate of Rs 67 per sq. ft., and shops at an average rate of Rs 102 per sq. ft. The average rental prices for these establishments range from Rs 98,000 per month to Rs 2.35 lakh per month.
Since the localities along the entire Golf Course Extension Stretch are seeing rapid developments, lot of projects are underway. Due to the ongoing construction, disposal of construction waste from the site of these buildings is proving to be a severe problem in many of these localities. Along with materials like cement bags and concrete slabs being disposed of in open spaces and parks, garbage is also being dumped along the open spaces of Golf Course Extension Road, creating an unhealthy and demeaning environment in this posh area.
Factors for Growth in the Future
Golf Course Extension Road is witnessing rapid development in the commercial real estate market. Once commercial projects like Unitech Business Zone, Splendor Epitome, Imperia Orange, and Imperia Byron are fully operational, this region will transform into a lucrative commercial property destination. The inception of projects like Delhi-Mumbai Industrial Corridor (DMIC) will also further enhance the realty market in the area.
The implementation of sufficient parking space for vehicles in the sectors that fall along Golf Course Extension Road and improved security will improve prospects of the locality in the future. The constriction of various sector roads along new Sectors 58 to 67 will improve inter-connectivity in the area, and will invite further growth and development.