Showing posts with label commercial property builders Gurgaon. Show all posts
Showing posts with label commercial property builders Gurgaon. Show all posts

Thursday, 13 June 2013

The three most sought after locations in Gurgaon are Mehrauli-Gurgaon Road, Sohna Road and Golf Course Road. All of them are fully encompassed with the townships and societies leaving no land for any new projects. So Golf Course Extension Road has emerged as the next best option available to the residential buyers in Gurgaon looking for a home in a good residential area.

The biggest feature of the road is that it is connected to two prime  roads, i.e. Golf Course Road and Sohna Road. The National Highway 8 can also be accessible directly from the road and the Indira Gandhi International Airport is just on a half hour drive. Soon it will connect to Gurgaon-Faridabad Road also. Moreover, the metro will be along the road in phase II, which will make it as the connectivity hub of Gurgaon. The road is properly connected to all those areas of Gurgaon which are having office hubs.
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When it comes to the infrastructure development, it’s still at the initial stage. On the right hand side of the road, there are old sectors which are already having well developed infrastructure. On the left hand side of the road where there are new sectors, a lot has to be done for infrastructure development.
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The prices of the apartments in the first part, i.e. from Golf Course Road up to Badshahpur, may vary from Rs 6,000 to 11,000 per sq ft. In the second part, i.e. from Badshahpur to NH 8, the prices varies from Rs 5,000 to 8,000 per sq ft. And when we talk about plots, you will have to pay Rs 1 to 1.10 lakhs per sq yard in the first part and Rs 60,000 to 70,000 in the second part. This difference is due to the infrastructural difference between the two parts.

The area is absolutely a good choice for those who are looking for residential plots in Gurgaon but for investors, it’s too late to invest in the real estate here. The prices have already increased manifolds in a few last years and the scope of growth can be foreseen. Golf Course Extension Road in Gurgaon is the best option for investors in property as well as NRI property investors.

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Observing growth in property value in the NCR, Gurgaon seems to lead the others due to rapidly growing rates in areas like Dwarka Expressway, National Highway 8, Sohna Road and Golf Course road. The NCR has been the favorite destination of investors for last few years. Some of the areas in this region have witnessed more than 20 percent increase in the market value of the real estate.

Since 2008, properties near NH-8 have appreciated up to 26 percent while those in Dwarka Expressway have increased up to 25 percent. For example, the projects near NH-8 were introduced with the price range of Rs 2,400 to 2,550 per sq ft which are now being sold at Rs 5000 to 7000 per sq ft. Similarly, properties on Dwarka Expressway were offered in the price range of Rs 2,700 to 3,100 per sq ft in 2008 and the same were offered in the price range of Rs 4,500 to 6,000 in 2012. Thus, investment in the city of Gurgaon is yielding good results.
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No other region in the NCR is showing so lucrative real estate increment. The reasons behind this growth are clearly visible. The first reason is that the city offers very good job opportunities. The second reason is that it’s not targeted by the investors only. End-users are also buying properties here. Both these factors keep on generating demand for properties in the city. Moreover, some areas of Gurgaon are considered under master plan 2031. These areas are being developed rapidly to meet the increasing demand of residential properties.
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One of the most important reasons of popularity of the city among investors and buyers is the fact that property over there is freehold which may be easily sold at the freer will of the owner. On the other hand, property in Noida is leasehold with too much interference of the local authorities. This factor also goes in the favor of Gurgaon.
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