New Gurgaon is fast emerging as a realty destination in the NCR as the city is beautifully stoked by commercial as well as the residential properties. Although the delay in the completion of Dwarka Expressway has resulted in the slowdown of the work, this has not affected much by the development of the area.
“Sectors close to the national highway are registering good movement. People working in the offices located at National Highway Toll Plaza prefer this area due to the proximity to their office location. Affordability is also one factor that is driving demand in this area. Social amenities like local markets, schools, etc are developing fast with families living in this newly developed area,” says Surabhi Arora, Senior Associate Director (Research) at Colliers International India.
New Gurgaon is well-connected to three major highways which are National Highway 8 (NH8), Kundli–Manesar – Palwal Expressway and Dwarka-Gurgaon Expressway, which makes this place an ideal destination for commercial as well as residential.
Many developers have their projects here that have delivered or are to deliver their projects in this area.
Harinder Dhillon, VP (sales) at DLF, says: “New Gurgaon has emerged as a preferred choice in the Delhi NCR for buyers in the last few years. The area is strategically located between Manesar, Gurugram and Delhi with direct connectivity to NH-8. The spate of recent infrastructure developments in the area like Southern Peripheral Road (SPR), Dwarka Expressway, and Kundli-Manesar-Palwal Expressway, once complete, will bolster connectivity. With significant habitation even today, the occupancy rates in the zones are expected to increase rapidly with the new infrastructure developments fully in place.”
The city has a number of good educational intuitional which is helping the population in around the area to swell properly.
There is an increasing demand for office spaces which has led to the growth of business centres, virtual offices, as well as co-working spaces. Speaking of Delhi NCR, New Gurugram region and Dwarka Expressway are set to boost both in terms of office spaces as well as retail. – Vineet Taing, President, Vatika Business Centre
“A recent report by the real estate consultancy Knight Frank has identified New Gurgaon as one of the top 10 residential destinations in India, from an investment point of view, up to 2020. The region has many ready-to-move-in apartments and other social infrastructure, hence swelling its demand for the real estate sector,” Rahul Singla, Director of Mapsko Group says.
Availability of all the above-mentioned factors in this city makes this place as the newest hotspot of realty destination.