Top Localities in Gurugram to Buy property
Gurgaon, also known as the millennium city is of the prominent cities in India with a good population. Gurgaon has always been on the radar of the nation’s top real estate developers. The city is also a hub for premium residential properties. Gurgaon real estate is one of the landing places for most real estate developers, realtors, and investors.
Gurgaon is currently experiencing a lot of demand from home buyers and investors. This location owns upcoming connectivity through Dwarka Expressway. Gurgaon is also a major employment hub of north India, it has always attracted a skilled and educated workforce from across the country. This fact has made investors enter its real estate market, to earn good rental returns. As the region offers top-quality construction and a luxurious environment, NRI’s are also seeking property investment in Gurgaon.
Gurgaon itself is a prominent location to invest anywhere, but still here are some of the top locations in Gurgaon, where you can wisely invest your funds to own a property.
New Gurgaon
One of the topmost prominent locations of Gurgaon, the new Gurgaon is steadily emerging as a preferred residential and commercial destination for many. The area is on its way to becoming the hot- selling investment destination. With a large number of upcoming residential and commercial properties, this area is considered to be a money-multiplier investment site for all types of investors. Enjoy seamless connectivity and travel via national highway 8 and Dwarka expressway. New Gurgaon is becoming one of the emerging commercial hubs for several start-ups and small-to-medium enterprises (SMEs), comprising of both ready to occupy and under construction or pre-launched properties.
As per the data and various resources, this emerging locality is going to witness a good price increment to the tune of 11 percent in these last five years. The price of land here is gradually increased from Rs 4,590 per sq ft to Rs 5,100 per sq ft till now.
Golf Course extension road
The other emerging and one of the prime locations of Gurgaon with continuous infrastructure development is Golf Course Extension Road. It has developed into one of the most sought-after residential corridors with an average capital value fluctuating between Rs 7,500 to 8,700 per sq ft. this elegant locality is well connected to national highway 8 and is very near to Indira Gandhi Airport. This prime location has always grabbed healthy attention from home buyers and investors and developers too. Well-developed schools, all basic and social amenities, entertainment hubs, good hospitals, locals markets, recreational centers; this place owns a significant image in every investor’s mind.
The area has witnessed a significant appreciation in the price of the properties here, as projects here come under different budget categories and are marked by the presence of township. The robust demands for high-end luxury projects in this area led to the appreciation of price here. Golf course extension has even offered many residential inventories in different budget categories. This prime location is one of the emerging most prominent locations of Gurgaon and has been in high demand during the period despite all odds. There are many reputed developers in this region. The number of ongoing projects here is on the line of completion now. This area is considered to be the most demanded residential and commercial development area. The average price here is Rs 7,500 to 8,700 per sq ft.
Southern Peripheral highway
One of the most important links connecting Faridabad-Gurgaon Road, to Golf Course Extension road and Delhi-Gurgaon expressway, is the Southern Peripheral Road (SPR). This location is emerging as one of the posh residential and commercial hubs. Commercial property in this area is one of the lucrative deals to go for, as the excellent connectivity and developed regions make your asset go for a higher price. Major sectors like 74, 75, and in the front belt of 71 and 73, are particularly very popular among homebuyers. This location is very close to many renowned schools, educational institutes, commercial spaces like DLF Corporate Greens, SPR is also well-linked to Dwarka expressway through the National Peripheral Road. Comprising of a plethora of affordable and luxurious projects in the vicinity, this region is expected to witness a good hike in growth in coming years. The average price here is Rs 5,600 to 6,500 per sq ft.
Dwarka expressway
Dwarka expressway is another important location of Gurgaon. This location grants seamless connectivity to Delhi and international airports along with key office destinations. This location is also one of the prime destinations for IT companies and residential front both. The place is one of the most preferred localities of Gurgaon with well-planned urbanization, upcoming social infrastructure, proximity to aerocity, and many other factors too.
Several delays, however, in the completion of the stretch and delayed project deliveries have kept home prices along the stretch under pressure for years. The project is scheduled for completion in 2022. Basically, Dwarka Expressway is the best choice for people who are willing to invest with a horizon of 3-5 years. The average price here is Rs 4,600 to 5,700 per sq ft.
Sohna road
Sohna road, which is located to the south of Gurgaon in Haryana, has been one of the fastest and rapidly growing residential belts in Gurgaon with good infrastructure and prime commercial hubs. This locality enjoys good connectivity to various developed areas of the city including the golf course extension road and Netaji Subhash Marg. This region is even very conveniently accessible to Delhi, Faridabad, and other regions of NCR. With various affordable and luxurious residential projects under several budgets, there are over 4,500 projects with over 70% ready-to-occupy properties. The average price here is Rs 5,000 to 6,800 per sq ft.
