Top 8 areas to invest in Gurgaon

Top areas to invest in gurgaon

The ‘Singapore of India’ or the ‘Millennium City’, Gurugram was not more than a village back in 1979 when it was separated from Faridabad for administrative convenience. Back then, Gurugram was completely devoid of good transport facilities, public utilities or even basic parameters of development. However, in 1991 when India announced LPG reforms and opened the gates of economy for the MNCs, Gurugram managed to attract massive investments owing to its proximity to South Delhi, availability of land and easy land acquisition process. Riding on the wave of post liberalization boom, Gurgaon thrived and soon became an IT Hub and one of the most developed cities of India. By 2013, nearly half of Fortune 500 companies had set their offices in Gurugram, including American Express, IBM, Google, Motorola, Dell, Microsoft etc. Soon, Gurugram became a leading destination for younger workforce which escalated housing demands, infrastructure development and led to the emergence of renowned social amenities. Today, Gurugram is a home to skyscrapers, business parks, several malls, reputed schools and colleges and almost everything required to ensure a good quality life.

Since, all the areas in Gurugram are seeing more or less the same pace of development, it often becomes confusing for an investor to select the best location for investment or to buy property in Gurgaon for end-use. Here are our top picks in Gurugram based on quality of life, connectivity, and future growth potential.

1) New Gurugram:

New Gurgaon region extends from Sector-76 to Sector-95. It is located between Gurgaon and Industrial Model Township (IMT) Manesar and is being developed under the aegis of Gurgaon Manesar Urban Complex Plan (GMUC) 2031. This development plan will give a major boost to the infrastructure in the region and facilitate development in a structured way. ‘New Gurgaon’ is already being seen as a realty hotspot in NCR.

Connectivity:
It is well connected to Gurgaon via NH-48 and Pataudi Road. Also, New Gurgaon is less than an hour drive from IGI Airport. Huda City Centre is the nearest metro station, 21 kms away whereas rapid metro lies 23 kms away from New Gurgaon.

Price Trend & Growth Potential:
Average price hovered around Rs. 6000/Sqft in Q3 2020.
New Gurgaon holds in huge growth potential. Proximity to major employment hubs and industrial hub Manesar, affordable price and growing social and physical infrastructure is garnering the attention of investors and end-users alike. Affordable housing segment is likely to drive the real estate market in New Gurgaon. With several infrastructure projects on card, future looks highly promising and upbeat in this region.

2) Golf Course Road

Golf Course Road is considered as one of the poshest localities in NCR.  This high end micro market is home to several expats, high net worth individuals, Ultra high net worth individuals and top executives of MNCs. Its 8 km long stretch includes sector 27, 43, 42, 54, 53, 55, 56 & DLF City Phase 1, 2 & 5. GCR enjoys excellent connectivity to the business parks and scores high on social amenities with reputed schools, multi-speciality hospitals, several malls and some of the best restaurants in the vicinity.

Connectivity:
GCR is located south-west to Delhi and hence is close to South Delhi & Rajiv Chowk. It is directly connected to south Delhi via NH-48. Also, It is easily accessible from Faridabad via SPR and Pali Road, and Sohna Rd via 6-lane Golf Course Extension road. It is only 16 kms away from IGI Airport. Rapid metro Phase 2 connects it to the Delhi Metro main line.

Price Trends & Growth Potential:
Property prices in GCR varied between Rs. 12,000 Sqft – Rs. 15,000 Sqft in 2021 Q1.
GCR has good supply of ready to move in properties and projects nearing completion. Considering the current trends and presence of Grade A office spaces and high end luxury projects, it is going to retain its tag of the ‘most sought after realty destination’ in the near future too. However, any expectation to see the micro-market repeat the growth trends of 2010-2011 would be too unrealistic.

3) Golf Course Extension Road:

GCR Extension offers wide range of Properties in Golf Course Extension Road right from luxury housing to upper-mid segment. It is deemed to replicate the growth trajectory of GCR in the next 3-5 years. This corridor has some of the finest township projects developed by some of the leading names in the industry. It has seen consistent price appreciation in recent years. It is also seen as one of the fastest emerging commercial real estate destination.

Connectivity:
Golf Course Extension Road is connected to the other parts of the city by rapid metro. Other infrastructure developments like construction of sector road is in progress which will further provide a boost to the connectivity.

Price Trends & Growth Potential:
Currently, price for premium and high-end luxury projects lie in the range of Rs. 8,000 Sqft-Rs. 10,500 Sqft. (2021 Q1)
This corridor poses a promising opportunity for the investors who find GCR corridor too expensive. It has a good mix of properties to offer, both for end-use and investment. The occupancy rate of the few commercial projects here promises a bright future for the upcoming projects.

4) Sohna Road:

Sohna holds historical significance and is a major tourist attraction owing to the picturesque surroundings of range of Aravalli hills and presence of hot springs, lakes and temples. The fast paced growth in the key areas of Gurgaon in the past few years caused ripple effect and pushed development to the south of Gurgaon-Sohna.
Sohna is emerging as a key real estate destination because of good connectivity, proximity to business centres, affordable ticket sizes and industrial belt in the vicinity. Sohna is being developed as per the Master Plan 2031, introduced in 2012, which divides it in 38 sectors and provides a plan for the development of physical and social infrastructure.

Connectivity:
It is well connected to Gurugram via 4-lane NH-248A that stretches up to Alwar. It is easily accessible from Manesar through 135 km long KMP Expressway. SPR offers seamless connectivity to GCR, GCR Extn. & NH-8. Gurugram Railway station is only 28 kms away from Sohna. Huda City Centre Metro Station is located just 26 kms away from the growth corridor whereas IGI Airport stands just 40 kms away.

Price Trends & Growth potential:
Property prices in Sohna Road growth corridor range from Rs 5,695 per Sqft to Rs 8,908 per Sqft (2021 Q1).
Exceptional location advantages, flourishing commercial & business hubs in the vicinity, availability of affordable segment, excellent road network and establishment of 1700 acres IMT-Sohna are expected to drive investors to Sohna Road corridor in the next few years. The robust social and physical infrastructure will also witness a significant growth in the upcoming years.

5) Dwarka Expressway:

Dwarka Expressway was constructed as a part of Gurugram Master plan 2021 to connect Dwarka to Palam Vihar. It was further extended to Kherki Dhaula toll plaza as per the Master Plan 2025. It offers seamless connectivity to Delhi & Manesar. Currently, Dwarka Expressway & Mehrauli-Gurugram Road are the only two roads connecting Gurugram and Delhi. This 8-lane, 150m wide and 18 km long road passes through sector 109, 99, 105, 37D, and 113. These areas are seeing an uptick in both demand and supply in the past few years.

Connectivity:
The nearest metro to Dwarka Expressway is Huda city centre metro station which is located only 30 mins away. It is close to IGI Airport, Cyber City and some other major business hubs. It also boasts of an excellent road connectivity to the industrial areas in Manesar.

Price Trends and Growth Potential:
Property prices in areas along Dwarka Expressway fall in the range of Rs 4,435 per Sq-ft to Rs 7,286 per Sq-ft.
Land acquisition issues have long kept this area away from the growth and development. Now when the government has given all the clearances, it is expected to see a significant growth in the upcoming years. Also, with most of the areas in Gurgaon reaching saturation point as far as commercial real estate is considered, Dwarka Expressway is seen as next IT-ITes hub owing to its proximity to Airport and affordable prices. The steady rise in capital values in the past few years pose a promising future ahead.

6) MG Road:

MG Road is one of the major commercial hubs in Gurugram and is a home to several software companies like EAZY Business Solutions Gurgaon, Make Positive Software Solutions Pvt. Ltd., Serebreal Technologies Private Limited, DynApt Solutions etc. It has seen remarkable growth in the past few years because of its proximity to other commercial hubs, robust infrastructure, well developed social amenities and excellent connectivity.

Connectivity:
It is well connected to all the important nodes in the city via 148A Road. The MG Road metro station and Sikanderpur metro station both lie within the radius of 1 km and connect it to Delhi Metro main line. Further, IGI Airport is only 14 kms away from MG Road via NH-48.

Price Trends and Growth Potential:
Property prices in MG Road fall in the range of Rs 8,837 per Sq-ft to Rs 13,412 per Sq-ft.
Property prices in MG Road saw an appreciation by 3% in the last quarter post covid. This trend is expected to last for at least foreseeable future owing to the perks that this area enjoys because of its location. Apart from the location advantages, it also has some of the reputed educational institutions like the Narayana E Techno School, St.Xavier’s International School, Government College for Girls, Management Development Institute etc in the close vicinity.

7) Southern Peripheral Road (SPR):

The areas along Southern Peripheral Road are collectively emerging as a promising real estate corridor and comprise both commercial and residential properties. SPR road network originates from Sector-58 and connects to NH-48 through Badshahpur Chowk at Sohna. The areas along SPR are sector-55, 56, 57, 50, 49, 58, 61, 62, 65, 66, 70,71,73, 74, 74A and 75A. This micro-market has both completed and under-construction projects to offer.

Connectivity:
SPR corridor is a major commercial hub and is well connected with all the other business hubs in Sohna & GCR. Its proximity to various office spaces is the key reason behind the increasing housing demand. It also has some of the renowned educational institutions in its vicinity. SPR connects GCR, Sohna Road & NH-48.

Price Trends & Growth Potential:

Property prices in SPR corridor ranges from Rs 5,400 per Sq-ft to Rs 8,251 per Sq-ft. (2021 Q1)
Being a commercial hub in itself, SPR corridor is considered as a growing micro-market with good connectivity and infrastructure. Continuous developments in infrastructure are expected to drive the demands in the near future.

8) Sushant Lok Phase 1

Sushant Lok Phase 1 comprises of good mix of plotted development, high-rise apartments and builder floors. It is one of the finest residential locations in Gurgaon with a well-developed infrastructure and social amenities. Located adjacent to DLF Phase 4, this region boasts of excellent road and rail connectivity.

Connectivity:
Sushant Lok Phase 1 is well connected through an excellent road network- MG Road, GCR & NH-48. Huda city centre metro station and IFFCO Chowk connect it to Delhi Metro Yellow Line. IGI Airport is only 15 kms away from here whereas Gurugram Railway Station is only 10 kms away.

Price Trends and Growth Potential:

Property prices saw a whopping 10% appreciation in Q1 2021. The price range here varies from Rs 9,189 per Sq-ft to Rs 15,867 per Sq-ft.
Sushant Lok Phase 1 needs no introduction among the investors. It is preferred by investors and end-users alike. Its proximity to DLF Cyber City and Udyog Vihar always ensures good rentals. Its prime location, presence of some of the reputed schools like DPS, Amity etc in the vicinity, proximity to high-end malls and excellent connectivity via MG Road, NH-48 & yellow Line will always attract investors.

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