Real estate investments in NCR are already a good bet. However, among all the hot spots, some destinations stand out ahead of the rest. For instance, New Gurugram, situated adjacent to NH-48 between Delhi and Manesar, is emerging as a popular residential hub in the NCR. New Gurugram’s convenient location, great connectivity, and potential for infrastructure growth makes it one of Delhi NCR’s most promising residential markets.
New Gurugram refers to areas and sectors beyond the Kherki Daula toll on the outskirts of the Millennium city. This area is an attractive investment location because of its well-developed connectivity, social and civic infrastructure, affordable housing options, and thriving employment opportunities. Several IT companies have set up their campuses here, making New Gurugram one of the fastest-growing business and IT hubs in the Millennium City. Moreover, the area is also perfect for nature lovers because of its abundant green cover.
Mr Ashish Sarin, CEO of AlphaCorp
Solid Infrastructure Driving Growth
New Gurugram has seen massive infrastructure developments in recent years. Along with Dwarka Expressway, this micro-market is one of two growth corridors identified for residential developments in Gurugram. New Gurugram is close to prominent landmarks such as the Ambience Mall, Cyber City, Huda City Center metro station, etc. Furthermore, it has a solid social infrastructure due to the abundance of 5-star hotels, shopping malls, hospitals and academic institutions close to residential complexes. In addition, New Gurugram’s connectivity with Punjab, Himachal Pradesh, and northern Haryana has improved due to recent infrastructure improvements, such as the completion of the Manesar-Kundli segment of the KMP Expressway as well as the development of Delhi Mumbai expressway.
Offers Hassle-free Connectivity
New Gurugram is only 30 minutes from the Indira Gandhi International Airport and has direct access to NH-48. The newly constructed road has improved New Gurugram’s real estate prospects as it links Millennium City’s major retail and corporate districts. Moreover, once the Dwarka Expressway is completed, New Gurugram will have seamless access to the Expressway. West Delhi, Dwarka, and the Indira Gandhi International Airport would also be accessible via this route also. Additionally, with the upcoming Delhi-Gurugram SNB RRTS Corridor, the area will have better connectivity and enhanced infrastructure. The upcoming Clover Leaf linking NH-48, the Southern Peripheral Road (SPR), and Central Peripheral Road (CPR) will help ease traffic on NH-48 by providing a direct route to Delhi via the Dwarka Expressway from Gurugram and Manesar.
An Influx of Branded Residential Realty Developers
New Gurugram’s residential sectors are set to become prominent residential hubs. Sectors 102 to 114 and Sectors 76 to 95B are key clusters in New Gurugram. With most homebuyers preferring these clusters, the areas are witnessing the launch or completion of several projects by reputable developers. Given the growth prospects of this region, prominent developers are constructing upscale residential projects in this micro market. The area is therefore witnessing a significant number of residential projects either in the process of completion or nearing completion. Following high consumer demand, new independent floors and plots have also been launched in the area over the last few years. The USP of this micro-market is its affordability. Homebuyers can buy high-end condominiums at a relatively lower price. These areas have lower pollution also, owing to great green cover which makes living here healthy as well.
Wrapping Up!
New Gurugram is an emerging hotspot for the most coveted real estate projects. It provides a good investment opportunity for realty investors and those working in and around the Millennium City. Over the last four years, property prices in New Gurugram have experienced a capital appreciation of more than 5%. The current positive sentiment suggests that residential property prices in New Gurugram are likely to appreciate further over the next few years, making it an attractive investment opportunity.
