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GOLF COURSE ROAD OFFERS CONNECTIVITY AND OPULENCE

GOLF COURSE ROAD OFFERS CONNECTIVITY AND OPULENCE
Golf Course Road, an established region in Gurugram, remains a sought after destination among prospective buyers, tenants, and office occupiers. Devesh Chandra Srivastava writes

Recently, the 1.2km underpass from Cybercity has been opened that takes commuters directly to Golf Course Road.This is one of the many such infrastructure developments that made Gurugram’s prime destination, Golf Course Road, commutable for thousands of people.

Localities along this stretch like Sectors 54, 56, Malibu Town, and Suncity are in demand for those who wish to have a quality life and standard living with good connectivity. Phases I, IV, and V are other upmarket areas that are popular.

Because of this demand and regular supply of premium apartments, micromarkets along this road have shown firmness in capital values over the past one year.

WHY IS IT SO POPULAR NOW?

Golf Course Road is very connected with Delhi and other parts of the National Capital Region (NCR) through the Rapid Metro and the underpass from Cybercity that starts from Building 5.

The region has been developing over past 7-8 years with the launch of premium residential projects, commercial complexes, and HUDA colonies.

The region has around 8-10 development firms that have built premium projects comprising group-housing projects, malls, hospitals, and offices.

HUDA, along with DLF, has planned quality infrastructure in this part. This includes the Rapid Metro Rail that goes till Sector 56 and a four-lane road that connects the stretch with DLF Cybercity and Golf Course Extension Road on both sides. There is a plan to expand the reach of the rapid metro to other parts of the city.

Important locations like IGI airport and Delhi are easily approachable from here.

PRICE MOVEMENT

Over the last 8 years, capital values of flats have increased manyfold owing to the improving infrastructure and presence of premium, quality apartments.

The launches in 2008 were announced at Rs 3,000-3,500 per sq ft and went up to as high as Rs 9,500-10,500 per sq ft by the end of 2015. The current price range along Golf Course Road and the townships is Rs 7,800 per sq ft, going up as high as Rs 12,000 per sq ft.

On offer are a variety of apartments including 1-, 3and 4BHKs, mostly in the resale market; a number of projects also offer penthouses. It is for these reasons that these localities have a strong rental market. Most new launches are in the premium category.

A number of firms have already constructed and developed projects including DLF, Suncity, Vatika, Vipul, Parsvnath, etc.

A number of corporate like American Express, CEC, Piramal, RICS, and several national-level private and public sector banks have their offices along this stretch, employing thousands of people.

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source: timesofindia

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