New Gurgaon – the ultimate growth area
New Gurgaon is one of the most tremendously developing cities in the National Capital Region, for the last two decades. Several factors have lead to the growth of this area, among which the proximity to the Dwarka Expressway and the proposal made by civic authorities like HUDA (Haryana Urban Development Authority) to allow private firms and developers to construct sector roads, play a major role.
Sectors like 80, 81, 82, 84, 85, 86, 87, 89A, 90, 91, 92, 93, and 95 are some of the localities which have been witnessing rapid advancement in the recent years. Top-notch builders like Godrej Properties, DLF Ltd, Raheja Developers, Alpha G Corp, ATS Group, Assotech Ltd., Vatika Group, Supertech Ltd., Bestech, Ansal API, Orris Infrastructure Pvt Ltd. etc. have come up with state-of-the-art projects in these localities, which offer luxurious residential and commercial facilities.
Connectivity
Dwarka Expressway and the Northern Peripheral Region stretch in Gurgaon link Gurgaon, Delhi and Dwarka, and provide easy accessibility to places in an around the city. The yellow line of Delhi Metro Rail Corporation connects the city with major parts of New Delhi. Buses ply from the area, towards Delhi and Faridabad ; and the Delhi-Gurgaon Expressway, which acts as a smart alternative to the NH-8 and connects the city with the IGI airport.
Reasons for demand
Multi-sector development is occurring in the region, as top-notch developers have launched their world-class projects here. Presence of multinational companies and industries have further added to the demand of the area. The growing population has complemented the growth of infrastructure and housing facilities.
Property prices around areas on the National Highway-8 have witnessed an appreciation of about 16% in the first quarter of 2013, when compared to that of 2012. Being in proximity and well-connected to the metro corridor, Manesar, Institute of Management Technology, Kundli-Manesar-Palwal Expressway and the Indira Gandhi International airport, localities along Northern Peripheral Region are growing as a commercial as well as a residential hub.
DDA had put forward a proposal to develop the capital’s second diplomatic enclave in Gurgaon. The same is now ready for allotment. It would house a number of important buildings, including foreign embassies and cultural centres. The implementation of the proposal is sure to raise the property prices in Gurgaon. Taking all these factors into consideration, investors are lured to this place for building, buying, selling or renting their properties.
Residential projects
The rapid commercial and infrastructural development have in turn, helped the residential sector to grow. Presently, the city is home to a number of residential projects that offer a variety of housing options- including multi-storey apartments, low-rise and high-rise buildings, condominiums, penthouses and villas.
Some of the residential projects that are launched in New Gurgaon are Godrej Frontier on NH-8, which provides about 500 3/4BHK residencies ; Unitech Karma Lakelands in Sector 80, by Unitech Limited, featuring 4BHK apartments ; DLF Select Homes by DLF Group in Sector 90, which features 4BHK apartments ; Sree Vardhman Flora by Shree Vardhman Promoters & Developers, featuring 2/3 nd 4 BHK apartments. ; The Grand by Sare Homes, featuring residential apartments and Parkwood westend by Parkwood Group, in Sector 92 featuring 2/3 and 4 BHK apartments. Tthe average price of 2/3/4 BHK apartments range between 50 lacs to 2.5 crores.
