Areas like New Gurgaon, Sushant Lok and Golf Course Extension Road, South of gurgaon are considered ideal for investment in Gurgaon given their developed infrastructure and connectivity quotient.
Gurgaon witnessed rapid industrialization and urban development over the past decades which turned it into a prominent commercial and industrial hub. The presence of IT, finance and other major players boosted the residential demand too in Gurgaon. While real estate experts hail Gurgaon as the most popular hotspot for investment, it becomes confusing for prospective buyers and investors to choose a location in the city. The infrastructural shortcomings that several pockets in the city face does not make it any easier for the buyers.
New Gurgaon
New Gurgaon boasts of thriving business and industrial hubs and is located in proximity to the Indira Gandhi International (IGI) Airport. It is also expected to get Metro connectivity by the end of 2016. The area is strategically located at the intersection of NH8 and Dwarka Expressway and is well- connected to the townships of Manesar and Dwarka. Once Dwarka Expressway and KMP Expressway become completely operational, this area will witness a surge of investments. The region has easy access to plenty of educational institutions, health care facilities and entertainment areas like malls.
Pawan Jasuja, Director, Finlace Consulting Private Ltd, comments that the developing localities of New Gurgaon, which consists of Sectors 76, 80, 82, 84-87, 89A, 90-93, and 95, holds great potential for real estate investment. Experts point out that with nearby pockets located along MG Road and Golf Course Road facing shortage of land for new projects, New Gurgaon is a great choice right now for realty investment while it still enjoys comparatively affordable rates. According to 99acres data, capital rates in New Gurgaon are close to Rs 5,000 per sq ft.
Sushant Lok
Sushant Lok is one of the well-developed localities in Gurgaon that offer world-class amenities and a posh lifestyle. Located in the vicinity of DLF Phase IV, this gated community has all social amenities in place which makes it one of the most coveted areas in Gurgaon. It is located at a walking distance from the Huda City Centre Metro Station and has easy access to the NH8. This locality offers a well-diversified inventory of properties.
Capital rates in Sushant Lok average around Rs 12,050 per sq ft which places it amongst the most expensive localities in National Capital Region (NCR). However, experts believe that the high rates are well deserved due to the excellent infrastructure that this locality enjoys.
MG Road
Rakesh Yadav, Chairman, Antriksh India comments, “Localities like MG Road and Sushant Lok have always shown good growth in real estate demand and return on investments making them one of the most significant realty destinations in the NCR.” MG Road, which stands for Mehrauli-Gurgaon Road, is a high-end residential destination in Gurgaon. The locality has plenty of options available for investment and boasts of a posh lifestyle. It enjoys excellent connectivity via road as well as Metro and is a very popular location in the city due to its central location and the presence of ample social facilities. While capital values according to 99acres are close to an average Rs 12,600 per sq ft, experts point out that prices can vary depending upon the size and age of the unit.
Golf Course Road
Experts consider Golf Course Road an ideal investment spot in Gurgaon. It is well-connected to the important hubs in the city such as MG Road, Delhi as well as the IGI airport. This is an established locality with ample hospitals, schools, malls and restaurants around the area. Backed by sound social amenities and excellent road and Metro connectivity, Golf Course Road has emerged as an attractive option for real estate investors with a healthy blend of properties.
According to Kushagr Ansal, Director, Ansal Housing, areas like Golf Course Road have a much better mix of commercial and residential properties as compared to other regions in the NCR which makes it an ideal investment destination. Based on listings with 99acres, capital rates in the locality range between Rs 11,000-14,000 per sq ft.
Golf Course Extension Road
Golf Course Extension Road is another investment-worthy area replete with good infrastructure. It has easy access to Gurgaon-Faridabad Expressway, NH8 and the IGI airport. The second phase of Rapid Metro is also expected to arrive here soon. The area is well-connected to the commercial and entertainment centres in Gurgaon which drives strong rental demand to the region.
Golf Course Extension Road enjoys sound social infrastructure too with good power and water supply and a number of renowned hospitals, educational institutions, banks and other facilities along the stretch. Significant infrastructure development has taken place in this area in the past five years which has attracted developers and investors alike. The area has ample supply of a variety of realty properties including several luxury housing projects. The upcoming Delhi-Mumbai Industrial Corridor is expected to further boost this region’s prospects.
