Gurgaon is one of the most happening satellite township adjoining the Capital of India i.e New Delhi.
Buying a property is a dream for nearly every individual at least once in his lifetime. People work, earn money and after initially meeting their fundamental personal, social, biological needs, simultaneously dream of buying a Property either for Investment or for a better stay, as an end user.
Finding a perfect home in an area with nearly everything equipped conveniently you need such as schools, markets, restaurants, medical facilities and transportation hubs etc. are the basic parameters although India has several great cities that are ideal for investment, but Gurgaon is topping the list in North India.
Gurgaon is presumably one of the largest cities in Haryana and it is located within comfortable driving distance and also having most convenient Metro Connectivity with New Delhi, Capital of India. The city primarily emerged and developed as an IT and BPO business center, and it has managed to capture and house quite a few of the Fortune 500 companies. In fact, gradually due to multiplication of Commercial, Job Oriented and Residential sectors by 2012, Gurgaon was officially was christened as ” Millennium City” of the North.
The city can boast to have the third largest per capita income in India after Mumbai and Chandigarh and this makes it one of the richest cities in the north.
Multinational companies such as DLF Limited, Siemens and General Electric, Big 4 Audit Firms, have their outsourcing centers in the city. Overseas staff members frequently visit the city to educate and guide local staff. To cater to the residential cosmopolitan population, construction has increased manifold over the last couple of year. One can now find international-level plush condominiums, bungalows, flats and studio apartments in nearly every price range. The city works hard during the day and also party’s hard. It has a bustling nightlife, with more than 25 malls, theaters and auditoriums sprinkled all over the city. Due to the presence of major companies, business opportunities and jobs are aplenty and many families are moving into the city every year to take advantage of the better quality of life.
So having known what Gurgaon is about, we are faced with another important questions as to Which Areas Are Good for Investment in Gurgaon?
As we are aware Gurgaon has now become a home to some of the best real estate in India, but prices are also commensurate with the location. A few of the most attractive areas to invest in are as follows:-
Sector 43, Gurgaon: This is probably the best area in Gurgaon as it is located very close the DLF Golf Course. The area is a prime commercial area with number of elite Residences, office hubs, hotels and malls. The area also houses several great multi-storey apartments, residential bungalows and other residential properties gurgaon. Prices in the area are around the high end, as the area is one of the best locations in the city.
Sohna Road, Gurgaon: Sohna is a town and municipality in the Gurgaon District of Haryana. The small town, due to presence of Sohna, Springs (a natural hot water spring ) is a very popular tourist location, and people from near and far come to see this natural phenomenon and enjoy. However, in the last few years it has gained a very good reputation for hosting weekend conferences as well. Although the city itself is getting developed on daily basis, the main attraction for families is Sohna Road, which connects Sohna to Gurgaon. This road is a wide, six-lane road that features several great amenities and educational institutes such as the GD Goenka World School and the KR Mangalam University. The Haryana Government has thrown open the property on both sides of the road for residential and commercial projects. It has indeed caught the attention of various Group and Town housing Builders, who are in active planning stages around the road. Vacancies are aplenty and developers are throwing in price discounts, low maintenance rates and other perks to attract investors into the area.
NH8, Gurgaon: This area lies to the Right of Manesar Toll and is the end of the parabola of fast developing Dwarka Express High Way beginning from Dwarka (near to the Airport ) and finishing at Manesar. Sensing high appreciation in times to come, various developers have already started purchasing land tracts around the west end of the NH8 highway. Gurgaon is located to the east of NH8. The highway is a part of the Delhi–Gurgaon Expressway and the NE1, and the land around the highway is slowly being converted to high-quality commercial and residential areas. Another benefit of the highway is that it connects to the Indira Gandhi National Airport, and soon it will connect to the Gurgaon–Faridabad Road, increasing accessibility and convenience. Many vast townships and Projects such as the Vatika City, DLF Garden City and Projects such as Microtek, Vipul Aarohan, Mapsko, Oris, 3 C, AMB Selfie, DLF New Town Heights, Ultima, Primus, Sky Court , Tulip, Best Western Town Square, Ramprastha Greens etc are being constructed and even delivered.
Mehrauli–Gurgaon Road: This area is again one of the most sought after areas in Gurgaon, and it has great efficient townships and apartments coming in several price ranges.
Relatively, Golf Course Extension Road is a new locality. Developers and prompters are now raising golf themed apartments and luxury villas. Top realty players like DLF have already launched several premium projects Aralias and Belaire, near to this road.
While projects like these are delivering their best in promoting the area, the area is fast catching the end users attention as their destination with the development of Road No. 9 from Sikandarpur to Golf Course Road. The extension of this road to connect Sohna Road further opened up the area to development.
Apart from DLF’s projects, the other launches along this stretch are Ansal API’s Esencia, M3M’s Golf Estate, Pioneer Group’s Pioneer Park, Emaar MGF’s Emerald Hills, Tata’s Raisina Residency and IREO’s Grand Arch, Bestech ,AIPL etc
There are a number of good standard Cooperative Group Housing along the Golf Course Extension Road in Sectors like 55 and 56 which have attracted good population on this stretch. Commercial projects like Global Business Foyer, Paras Twin Towers, Suncity Business Park, and Ninex Time Tower have already been handed over for possession.
The availability of commercial space has increased by approximately 30%. In the retail segment on the Golf Course Extension Road, Emaar with collaboration with MGF, has launched the Emerald Plaza mall. Unitech has launched two office space projects – Unitech Business Park and Silvertone.M3M is coming up with Golf Estate duplex apartment on 75 acres in Sector 66.
With large developers such as Mahindra Lifespace and Unitech snapping up land tracts in and around Gurgaon, there are several great properties available in several different price ranges and many more in the pipeline.
Due to its proximity with the capital of India, i.e NEW DELHI, Gurgaon and housing the world famous International Airport, it will surely continue to show increasing property values and better sales, as people are magnetised and to continue to move into the area.
This article was written by Manish Kumar. Manish is a professional content writer and landscaping enthusiast. He works for HCORealEstates, a real estate based company that offers real estate guidance and services.