Residential Property In Gurgaon
Introduction:
India’s cyber city “Gurugram” is one of the most popular places to live. With continuous investments in the city’s development, Gurgaon inhabitants enjoy much higher level of living. Amid all the growth, Gurgaon is quickly becoming a centre for real estate investment.
Gurgaon is the ideal destination to buy a home. Reason being, the city has brilliant infrastructure, excellent public transportation facility, employment hub, state of the art residential and commercial complexes, renowned banks, hospitals, and educational institutions in it.
In the year 2012, the city was named as “Millennium City” considering the growth of corporate sector at such fast pace. Given that Gurugram is home to more than half of the Fortune 500 firms, the city’s economic growth is clearly highlighted.As more people flocked to this city for its cutting-edge lifestyle and abundance of job possibilities, it rose to popularity as the real estate industry’s investment hub for Delhi NCR. As the main areas of Gurugram like Cyber Hub, MG Road and NH-8 started to become saturated; the city developed newer residential hubs and gained its reputation as a city that attracts real estate investors.
NRI’s are looking to invest in the commercial real estate sector owing to the fast growth of corporate in the city. This reason contributes the most in making “Gurugram” most favorite city for Indian investors.
Sohna Road
The area around Sohna Road is one of the best places in Gurugram for families to live due to the presence of numerous upscale gated communities. Sohna Road has become one of Gurgaon’s upscale neighborhoods, and this region is quickly rising to the top of the city’s real estate market. The neighborhood’s proximity to Gurgaon’s employment and recreational centers attracts residents. In the last ten years, Sohna Road’s residential real estate value has increased, and this trend is expected to continue. Along with the section between Subhash Chowk and Badshahpur, the area comprises a number of well-known communities, including Malibu Town (in Sector 47), Sispal Vihar, Vatika City, Uppal Southend (in Sector 49), and Tatvam Villas (in Sector 72). Additionally, it is the location of several tech parks and employment zones, including Candor Business Park and Bestech Business Tower.
The development of new luxury residential buildings, the proposed highway, the Metro link, the industrial corridor, and other factors are some of the causes of the rising property prices in Sohna Road. . The rental value in this region starts at Rs. 18,000 and goes up to Rs. 70,000, making it a good investment area.
Dwarka Expressway
One of the neighborhoods on the outskirts of Gurgaon that is developing with the fastest pace is the Northern Peripheral Road, known as the Dwarka Expressway. An eight-lane expressway connects Gurgaon to Dwarka in Delhi. Several residential and commercial projects are underway along the Dwarka Expressway which implies that real estate value in this area is going to increase at such rate that investors will enjoy exceptional returns.
Leading developers are offering great property possibilities, allowing users to purchase their preferred property for less money. Real Estate Industry Experts have predicted that investment in Dwarka Expressway’s sectors 108, 109, and 111 might yield profits of up to 50%. More people are moving to the newly developed properties and townships in this area as a result of its proximity to Delhi and Gurgaon as well as the expanding commercial belt. Renters willing to pay anywhere from Rs. 11,000 and Rs. 85,000 for a lavish lifestyle.
Golf Course Extension Road
Golf Course Extension Road is the area where users start their search if they want to invest in the upscale real estate market. The neighbourhood, which includes Sectors 55, 56, 62, and 65, contains some of Gurugram’s most upscale residential housing complexes and is home to a variety of flats with golf themes as well as opulent villas. This locality is also becoming more well-known due to the excellent standard of living there and the easy access to the Indira Gandhi International Airport, Gurgaon, Delhi, and other key points of city. National Highway 8, Rapid Metro Phase II, Gurgaon-Faridabad Road, and the Delhi Mumbai Industrial Corridor are the routes that connect it.
As more and more developers express interest in this area, the demand for real estate in Golf Course Extension Road is rising. Various option are available the users for their investment be it under construction project, ready to move-in flats, plots to build independent home etc..These options are best for high returns and are also available in golf-themed townships.It is most common to invest in 2BHK apartments in this region to enjoy high rental returns. Rental value here starts from Rs. 21,000 and goes as high as Rs. 32,000 for a 2BHK apartment.
Golf Course Road
Golf Course Road is a large road that serves as an important commercial and residential corridor with a decent mixture of opulent homes and large office buildings. The neighbourhoods along the Golf Course Road are one of the ideal places for families to live because they are close to the Aravali Range. One of Gurgaon’s most upscale neighborhoods, Golf Course Road is home to luxury apartments, a lush environment, and a well-established infrastructure.
Golf Course Road features a number of upscale neighborhoods on either side of it, including DLF Phase 1 and 5 and the sectors 42, 43, 53, 54, 55, and 56. Golf Course Road, MG Road, and Golf Course Extension Road provide excellent access to the area. Due to the several fast metro stations on Golf Course Road, this region is conveniently connected to Sikandepur metro station through Yellow Line.This has attracted the developers the most to launch the most luxury projects of Gurgaon in this locality.
New Gurgaon
Gurgaon, a freshly emerging neighborhood next to Gurgaon, is becoming more well-liked among the local real estate investors. New Gurgaon has become a potential hotspot for real estate investments due to the continually increasing demand for residential property in gurgaon and commercial premises. Compared to micro markets in Gurgaon, these properties are relatively affordable. The Dwarka-Gurgaon Expressway makes it a real estate hotspot for people wishing to invest in newly constructed areas because it runs through it.
The area is currently a real estate hotspot due to its vicinity to the NH-8, Indira Gandhi International Airport, Kundili-Manesar-Palwal Expressway, and Dwarka-Gurgaon Expressway. New Gurgaon is mostly popular amongst the potential buyers due to its accessibility to Delhi and other internal Gurgaon regions. Its real estate value is expected to rise as a result of a metro expansion. Particularly in New Gurgaon, one can buy residential property and anticipate a healthy return over the next few years.
Conclusion:
Without a doubt, Gurgaon is growing in popularity amongst property investors. Exponential growth of industrial and corporate sector in this city has made “Gurgaon”, the first choice of investors and home buyers for their investment. Besides these locations, there are many other sectors, including sector 42, sector 24, sector 54, sector 25 and sector 59 that are also in high demand among the potential buys and investors. Additional factors that add to the development of real estate market, price growth and employment opportunities are the major driving factors increasing the quality of life of this city. One must be able to afford their monthly rent costs in addition to being able to sell the property for a significant profit in the future.
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