NEW GURGAON OFFERS AFFORDABLE RATES

A number of infrastructural reforms and development of commercial complexes are likely to transform the sectors of New Gurgaon into a residential paradise.

The Haryana government has recently settled disputes with some of the land-owners who had land parcels in the middle of sector roads within the region. After the initial land acquisition, right to ownership of some land parcels was under litigation, which has been cleared now.

This is in addition to a number of other developmental works on sector roads and the development of green cover that is underway. New Gur gaon comprises areas from Sectors 81 to 96.

With increased connectivity from Delhi’s Dwarka region through Dwarka Expressway and the clearance of hurdles on sector roads, the social and physical infrastructure in and around New Gurgaon sectors will improve further. The Kherki Daula Toll Plaza will be shifted beyond Manesar in the near future according to the government plan. While it takes around 40 minutes to reach the IGI airport at present, once the toll plaza is shifted beyond Manesar, the daily commute will become much easier for the residents of these sectors.

BENEFITS OTHER THAN CONNECTIVITY

New Gurgaon sectors offer more than just connectivity. The big advantage of the area is the high number of ready-to-move-in properties across township projects and group-housing projects. Vatika Group, Mapsko, Raheja Group, DLF, AlphaGCorp, Ansal Housing, and SS Group are some of the leading development firms building within the region. Anupam Varshney, head of sales and marketing at Vatika Limited, says, “This gives homebuyers enough options in the area.“

Some of the forthcoming commercial projects here are from Raheja, SS Group, and Vatika. Some commercial spaces, by Vatika, are ready and have been occupied by banks and retail shops.

It is likely that the region will soon have fully developed commercial spaces including shopping areas, entertainment zones, and eateries.

Other than shops, the area already has a good presence of some of the best educational institutions.

WHAT IS ON OFFER?

On offer are 2-, 3-, and 4BHKs, with their size varying between 900sq ft and 2,500 sq ft. There are also premium penthouses and plots too. Apartment prices start at the affordable and medium level. The price range is be tween Rs 2,300sq ft and Rs 7,200 sq ft with the average rate around Rs 4,715 sq ft.

Projects here have gradually moved up in the value chain from the affordable segment to the premium ones, which give everyone a chance to live in this area. However, compared to neighbouring locations like Dwarka Expressway or Sohna Road, the rates here are still lower. The rates however, are equivalent to some of the upmarket localities of Noida.

OUTLOOK ON THE REGION

Developers and experts are bullish about New Gurgaon sectors. It is likely that the region will see a spurt in rates on account of a number of factors like the enforcement of RERA across the country and the presence of a large number of projects near completion.

A spokesperson of Raheja Developers says: “The region continues to remain one of the relatively less expensive residential micromarkets in Gurgaon and has seen healthy sales volumes over the past years.“

Historically, the region has seen some drop in rates in the past two quarters. This, according to experts, is a temporary phase. The region will again see a surge in rates in the coming months, experts say.

New Gurgaon comprises areas from Sectors 81 to 96

With increased connectivity from Delhi’s Dwarka region through Dwarka Expressway and the clearance of hurdles on sector roads, the social and physical infrastructure in and around New Gurgaon will improve further

While it takes around 40 minutes to reach the IGI airport at present, once the toll plaza is shifted beyond Manesar, the daily commute will become much easier for the residents of these sectors.