The residential property market of Gurgaon has ample options for end users and investors. If you are planning to invest in the property market of Gurgaon, you are bound to yield substantial results. Read the following post to know more
Gurgaon Realty Market – Overview
Located barely 30 kilometers away from Delhi, the Millennium City of Gurgoan continues to be rated as one of the most favourable real estate destinations within the National Capital Region (NCR). Needless to say that the real property market of the region has attracted millions of investors and end users; presence of developers like DLF and Unitech has transformed the landscape of Gurgaon to a great extent. Along with this, other factors have also contributed towards the development of the region as popular real property destination.
Locational Advantages and Growth Drivers
One of the major contributing factors for the same is its strategic location. Vicinity to Delhi and socially south Delhi has been boosting the growth of the Gurgaon property market to considerable heights. Connectivity to the rest of NCR, and rapid infrastructural development within Gurgaon has been instrumental in the growth of the property market of Gurgaon. South Delhi localities like VasantVihar, Green Park, HauzKhas, Malviya Nagar can be easily reached from Gurgaon.
Today Gurgaon boasts of the highest number of professionals in the country and practically houses every big name from the corporate world. The city has more than 20 outlets of luxury cars such as Audi, Volkswagen and BMW. All major software companies like Microsoft, Dell and IBM have their offices in the city. Three major reasons for the property boost in Gurgaon are:
- Easy accessibility to south Delhi
- High Net worth Individuals (HNI) who have tremendous purchasing powers
- Government initiation to develop the entire region’s infrastructure and also promote residential housing projects
Another reason for the Gurgaon property market getting a shot in the arm is the robust development of the surrounding areas of Gurgaon. Areas like Manesar and New Gurgaon have emerged as highly favourable destinations within the real property market of the city. According to a recent report, by the end of 2014, the residential property market in Delhi/NCR is expected to have a demand of over 10.2 lakh units, 67 lakh retail spaces and 250 lakh square feet of office spaces. Several neighbourhoods within the city such as Golf Course Road, MG Road, Sector 55, 56 and 68 are some of the best destinations for residential real estate investments. Of late, sectors 88 A and 88 B have emerged as the leading residential realty destinations. Leading developers like Vatika Group and Godrej Group have developed new residential projects in the area. What makes these sectors a favourable destination is a strategic location and more so because the region is one of the upcoming hubs of New Gurgaon. The area is quite easily accessible from the Gurgaon Dwarka Expressway, KundliManesar Expressway, Manesar Industrial Base, Northern Periphery Road and the Multi-Utility Corridor.
Latest Residential Projects in the City
It goes without saying that these are definitely some major reasons for the boost of the real property market of the region. Such a boost has led to numerous builders capitalizing on the potentials of the area thus leading to the development of an array of residential real estate projects. Two major new residential projects that are worth taking a look are explained below.
Godrej Oasis by Godrej Group
Godrej Group’s project titled Godrej Oasis offers 2 and 3BHK apartments in Gurgaon. The latest venture by Godrej Group, the project offers exquisitely designed apartments that are best suited for the modern day end users. The builders have taken into consideration some of the requirements of the modern day end users. Internal specifications such as modular kitchens, floor tiles, wooden floorings, Jacuzzi complete the overall structure of the residential project.
Developed by one of the renowned builders, Godrej Oasis comes fitted with a host of amenities. These include swimming pool, theme gardens, kids play area, facilities for indoor games like table tennis and many more.
Vatika One Express City
Targeted at the high-end customers, the residential project, Vatika One Express City is a project that offers 2/3BHK apartments in Gurgaon.Since it’s a high-end luxury real estate project, the apartments come fitted with some of the best known ultra-luxury finishing. Whether it is central air-conditioning, modular kitchens or exquisitely finished floor tiles—the project is bound to offer you a great lifestyle. Needless to say that such a project comes fitted with some of the best possible amenities. Residents can choose from gymnasium, club houses, jogging tracks and indoor games options.
Currently, the price trends in Gurgaon Sector 88 range between INR 6000 to INR 6500. Robust infrastructural developments across the region are all set to boost the property market further and thus enabling fruitful investment options.
With infrastructure projects coming up in a spree and the rapid metro becoming functional, the property market of Gurgaon is expected to witness further boom. Moreover, with the Gurgaon-Dwarka Expressway becoming functional for the public, the overall Gurgaon realty market is bound to receive a shot in the arm. Major growth corridors like Manesar, Jaipur Highway, Sohna Road and the Extended Golf Course Road will further accentuate the residential property market of Gurgaon.
In the words of KushagrAnsal, director of Ansal Housing and Construction Ltd, “This is the best time to invest along Dwarka Expressway, as the prices here will definitely increase once the highway becomes operational.”
So, if you are planning to invest in the Gurgaon property market, or more specifically looking for 2/3BHK apartments in Gurgaon, then the Millennium City definitely has ample options. So go ahead and grab a deal as soon as possible.
Author Bio:A skilled writer and an ardent blogger, Sampurna Majumder loves creativity and challenges. She has been providing her expertise to the world of new media for over a year now by penning articles and posts for various real estate websites that cover all kinds of information about real estate. The above post explores investment options in residential projects in Gurgaon.