In recent times, one of the most talked about real estate destinations in the National Capital Region (NCR) is New Gurgaon. It is a newly established cluster situated along the upcoming Dwarka Expressway. It is comprised of Sector 76 to 95 and Sector 102 to 113. Because of the excellent connectivity it offers, the future of its development and the prospective returns it would fetch, New Gurgaon has become the hub of New Residential Projects in Gurgaon.
Let us judge this locality on the three main parameters of real estate success i.e., connectivity, infrastructure and growth prospects.
Connectivity- Flanked by the upcoming Dwarka-Gurgaon Expressway, New Gurgaon offers excellent connectivity with the capital and also with other pockets of NCR. It is connected with the three main highways- NH8, Kundli-Manesar-Palwal Expressway and the upcoming KMP Expressway. Numerous arterial roads also connect the locality to the inner micro-markets. Hence, accessibility is the main reason for its popularity as a property hub.
Infrastructure- The physical infrastructure of New Gurgaon is in the development stage. The upcoming Delhi Mumbai Industrial Corridor (DMIC) will boost its value manifold. The DMIC will call for a better industrial development and a fresh bustle of economic activities. All this will give impetus to the growth of New Gurgaon’s physical framework. The scenario of civic amenities are also going to improve in the next 5-10 years.
Growth Prospects- According to the experts, New Gurgaon real estate has a prosperous future. The two main growth corridors- Dwarka Expressway and New Gurgaon- cover the cluster of micro-markets starting right from the Kherki Dhaula toll plaza and go right up to the developing areas of Manesar. The projects are mostly affordable in these localities thus making it the right time to invest.
According to the reports published by JLL India, more than 50,000 projects have been launched by the developers in this area. 3,600 residential units have already been completed and handed over to the buyers. Capitalizing on the current paucity of civic amenities in the location, builders like Lotus Greens, DLF and Supertech have launched their township projects.
With the burgeoning urban population of NCR, it has become the need of the hour to find out newer areas for residential and commercial development. Gurgaon has grown from being affordable to mid-income to premium housing, thus making it difficult for the middle class buyers to afford a home. New Gurgaon is the location that is still affordable and is the fastest developing locality of NCR.
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