Located beyond the second toll plaza on NH 8 is NCR’s fastest growing residential and commercial real estate hub called New Gurgaon. This real estate micro-market is one of the recently recognized vibrant real estate zones near Gurgaon, with the other one being the Dwarka Expressway. Several projects have emerged in this part of the country in the recent years thus making it a hot spot for real estate developers and investors.
Here is a list of reasons to stress the growing significance of New Gurgaon in the real estate sector.
New Gurgaon is positioned strategically between Old Gurgaon and Manesar
The most attractive zone of New Gurgaon starts immediately after Kherki Daula toll plaza and runs right up to Manesar on both sides of the highway. Several innovative residential projects have been launched along this stretch in the recent years. These residential apartments are fairly priced and have attracted many buyers and developers from across the NCR region. New Gurgaon is connected to the major highways, NH8, Dwarka Expressway and Kundli-Palwal Expressway thus making it ride high on the expectation of real estate developers.
New Gurgaon has witnessed constant increase in apartment prices
Apartments in Gurgaon have witnessed a steady increase in prices in the last few years and the residential market of New Gurgaon is showing clear signs of moving up the value chain through the introduction of several high-end luxury projects. The prices have remained affordable in spite of the economical turbulence and research shows that New Gurgaon has managed to see healthy sales volumes in the past years.
Well planned projects from top developers make New Gurgaon an interesting place for buyers
Well planned residential hubs from top realtors in the country are another added advantage for New Gurgaon. Garden City from DLF is one such hub offering top class amenities, lush green surroundings, contemporary architecture and easy connectivity through the three highways. Many such projects in New Gurgaon have set the expectations of the buyers very high and are pushing the city to higher levels of urbanization.
New Gurgaon has no accessibility or connectivity issues
The DMIC and KMP highways connected to New Gurgaon make it very easy accessible through the Dwarka Expressway. Arterial roads that run internal to these highways are also well maintained for easy navigation. With the industrial landscape in Manesar growing tremendously, more and more settlements are anticipated in this region.