Gurgaon’s real estate market is reaching saturation point, this has led to the drifting of investors towards New Gurgaon. Now you must be wondering what New Gurgaon is? What are the sectors covered in New Gurgaon? The article will resolve all your queries regarding New Gurgaon.
The area of New Gurgaon extends from sector 76 to 95 and 95A. It is an area situated between Industrial Model Township (IMT) Manesar and Gurgaon. The development of the area is taking place under the aegis of the Gurgaon Manesar Urban Complex Plan (GMUC) 2031. The plan has boosted the infrastructural development of the region in a structured way. This has made ‘New Gurgaon’ a realty hub in the current era.
The locality in proximity to Dwarka Expressway offers various residential and commercial options. Gurgaon being the Millennium city is the house for a number of IT companies and Fortune’s about 500 Multinational companies. This has led to the rise in demand for houses in the city. To cater to the demand for housing projects, the developers are shifting towards New Gurgaon. The various factors leading to the drift are mentioned below.
It is well-connected to other parts of Gurgaon via NH 48 and Pataudi Road. It also has proper connectivity to Kundli–Manesar–Palwal Expressway and Dwarka-Gurgaon Expressway. It has a drive of hardly less than an hour to the Indra Gandhi International Airport. The nearest Metro Station to New Gurgaon is Huda City Center which is 21 km. away whereas, Rapid Metro is 23 Km away from the locality.
With the rapid development in fields like an urban transit system including the shifting of Kherki Daula toll, revamping of Southern Peripheral Road, the revival of green belts among others, New Gurgaon is good to go to compose the new chapter of real estate development.
The infrastructure of the area is developing at a fast pace opening a way for investment from reputed developers boosting the real estate market of the region. The opening of the Dwarka Expressway will connect Delhi and Gurgaon and ease the traffic slashing down the congestion on Delhi-Gurgaon Road. The proposed Greater Southern Peripheral Road (SPR) linking IMT Manser to South Delhi will reduce the time to commute by approx. 30 min.
GMDA’s plan to turn SPR into the arterial road under the New Gurgaon-Sohna Master Plan 2031 through metro connectivity is a boon that has prompted the blooming of several industrial hubs in the vicinity of New Gurgaon and Manesar. A new industrial township that is developing and 6 sub-cities along the KMP Expressway will further accelerate commercial development and fuel real estate growth in the region.
Commercial and residential growth in any area is generally followed by the development of the various retail sector in the neighbourhood. Therefore, along with the development of residential and commercial areas in New Gurgaon the burgeon of schools, colleges, entertainment zones, hospitals, restaurants and other food and beverage outlets, and many more is being witnessed in the area.
Broadway International School, Eureka Early Learning Center, The Play House, and Suraj School are some of the reputed schools in New Gurgaon. DLF Primary Health Care Center, Shri Balaji Hospital, and SRS Hospital are some of the renowned hospitals in the locality.
The price has hiked around Rs. 6000 sqft. New Gurgaon is witnessing huge growth potential. The locality is in proximity to the employment and industrial hub IMT Manesar, with affordable prices, and better physical and social infrastructural development has made a room for the blooming of real estate. This might lead to the growth of the affordable housing segment in the area.
With the increasing population and urbanization, the city has reached its saturation point leading to the tremendous hike in the price of the property within the city, therefore, people prefer having their home in the suburb of the city at affordable prices. For those who prefer to have affordable housing with a serene environment whilst walking distance from their workplace, a property in New Gurgaon can serve as a better option. This has boosted the growth of real estate in the region.
An improved social and physical infrastructural development, affordable price trend, and better connectivity have lured several investors and end-users making the area an ideal choice to invest. These factors have added to the development of the G-town and in turn has led to the emergence of micro-market and robust growth in the residential, commercial and industrial sectors. With all this, the New Gurgaon is ready to write the new chapter of Real Estate.