Is It The Right Time to Invest in Residential Property in Gurgaon?

Residential property in Gurgaon

From a silent village outside Delhi, the name ‘Gur-gaon’ as we know it, has witnessed one of the most spectacular transformations ever witnessed in India. A hyper-connected, hustle bustle city that it has now become attracts many adults and their young ones to reside here. This IT hub is known for some of the most posh areas as well as some developing areas the residents of Delhi and nearby areas look forward to! What makes Gurgaon an ideal place for most people is the fresh environment it offers. The Large-scale private townships by DLF and Unitech, the big brand MNCs offices, the most happening hotspots and a great nightlife makes it #1 dream place to live in for everyone!

Gurgaon is often showcased as the symbol of ‘Rising India’ and known as the ‘Millennium City.’ The property investors, real estate companies and folks searching a new home love this place for the seamless connectivity and social amenities it provides. While Delhi NCR has become hungry for space and greedy for money, Gurgaon seems like a viable option for space and affordability.

In the past few months, the capital values in Golf Course Road have essentially remained stable.  At this location, average residential property prices vary between INR 10,000 – 25,000/sq.ft. The area has properties fully equipped with amenities such as power back-up, lift, rain water harvesting and club house. The Rapid Metro runs along this road, and thus delivers a complete connectivity for the residents.

Sohna Road, also known as Greater Gurgaon is another place in Gurgaon for a couple of good options. It is the main attraction for families as it connects Sohna to Gurgaon. A very wide, six-lane road features several great amenities such as the KR Mangalam University and the GD Goenka World School. On both sides of the Sohna road there are various residential options, and various group and town housing are in active planning stages. Here, one can find plenty of vacancies and big price discounts, low maintenance rates and several other perks that attract investors into the area.

NH-8 Highway is a part of the Delhi–Gurgaon Expressway and the NE1, and the land around the highway has started being converted to high-quality commercial and residential areas. An added advantage of this highway is the connectivity to the Indira Gandhi National Airport, increasing ease, accessibility and convenience.

Sector 43 is known as one of the best areas of Gurgaon. This is because of its close connectivity to the DLF Golf Course. Apart from office hubs, hotels and malls, this area has several great houses, multi-storey apartments, residential bungalows and various other upcoming residential properties to consider. As one of the best locations in the city, the prices are around the high end but totally offer value for money.

Dwarka Expressway is another part of Gurgaon that has seen a significant development in the recent years. Many believe that this will be the city’s next hot property for a number of hot reasons. Many projects such as here guarantee completely finished flats with ac, spacious rooms and apartments, high-security, adequate parking, most affordable price, easy and free exits and low maintenance charges. Indiabulls 104 is one such property offering affordable housing in Gurgaon. Indiabulls Real Estate Limited is a new residential project in Gurgaon offering a plethora of amenities making living easier and luxurious like never before.

Gurgaon is the latest real estate trend. This is well proved by the following survey:

SALE
Locality
   Rank
Q3       Q2
Capital
Values
%age
change
Sohna Road
1        1
7610 to 9840
-1%
Golf Course Road
2        2
12290 to 15000
1%
Sushant Lok 1
3
8480 to 11100
0%
Palam Vihar
4        3
7210 to 9220
1%
Golf Course Extn Road
5        6
7710 to 9590
0%
Sector-56
6        4
7110 to 8720
-2%
Sector-82
7        9
4790 to 6390
3%
Dwarka Expressway
8        8
4200 to 6120
-1%
Sector-47
9        –
8130 to 10260
3%
Nirvana Country
10       10
8430 to 10250
0%
Note: Q3 Oct-Dec 2014, Q2 Jul-Sep 2014

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