Gurgaon is the foremost destination among home buyers

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Published: 16th October 2012
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Gurgaon is registering the quickest growth within the real estate sector in India. Developers are flocking towards Gurgaon to launch new residential projects once the costs here shot up by the maximum amount as twenty five percent within the last one year. In recent years, well-established real estate property players like Sobha Developers from Bangalore, DLF Group, Tata Realty from Mumbai, Unitech Group and Godrej Developer launched their residential property in Gurgaon. This has brought more infused competition into the sector in the region.A large range of pink collar jobs are created in Gurgaon once it emerged as a hub for IT and IT-enabled services in northern India. Also, because of its proximity to the national capital Delhi, many Fortune 500 corporations opened their offices here, employing many high-income professionals. And with national capital Delhi already overcrowded, these individuals tend to purchase property in Gurgaon itself.

But, the supply of residential units continues to be not adequate. Therefore, consultative body feel that the gap between demand and supply is still continues to be widening. However, the well-structured sectors developed by DLF on the Golf Road are almost absolutely occupied. To enable the town to grow, the authority finalized the Gurgaon-Manesar Master Plan-2021.

Under the New Gurgaon-Manesar Master Plan-2021, the availability of Property in Gurgaon for development, alongside state-of-the-art avenues for brand spanking new growth corridors, has opened up. The foremost developing growth corridors in Gurgaon embrace the extended Jaipur Highway, Pataudi Road, Golf Road, Manesar, Sohna Road and a targeted growth in Dharuhera and Bhiwadi, that also are called New Gurgaon. The sectors of recent Gurgaon, around NH-8, like Sectors 37, 37 D, 80, 81, 82, 85, 86, 90, 92, 93, 95, and 99 are registering an incredible response.
As these sectors have a large demand and the costs of real estate property are appreciating. Though still favoured by the budget homebuyers, these areas have additionally seen launches in the premium phase by top real estate property players like Tata Housing, Godrej, DLF, Ansal API, Raheja Developers, Unitech, MGF EMAAR, Ramprastha, BPTP, Orris Infrastructure, Central Park, Antriksh and Sobha Developers among others. These prime segments have attracted high net worth patrons and investors, searching for capital appreciation opportunities.One of the foremost premium destinations in New Gurgaon is Golf Course Extension Road, that has emerged as the main hub for the growth and development of New Gurgaon and it connects Gurgaon-Sohna Road to Golf Course Road. The Golf Course Extension Road, that is comparatively a new locality, is gaining prominence because of its straightforward accessibility to NH-8 and South Delhi via the Gurgaon-Faridabad Expressway.

New Gurgaon has become one of the highest property destinations because of its best infrastructure and amenities, connecting with close states and nearby proximity to the IGI airport and of course Metro rail connectivity to Delhi. The destined sectors in New Gurgaon are a perfect showcase of the development within the region; an excellent deal of construction is on as builders here have masses to supply people who aim to have a dream property in Gurgaon.These sectors attract special attention as they're connected to major industrial zones of Manesar, that houses industrial units of huge corporations like Minda, Honda, Maruti, etc. New Gurgaon has nowadays become a most well-liked destination for lifestyle living and industrial enterprise and is quickly turning into a residential and industrial hub.Most of the development on the Golf Course Extension Road took place in the recent past. The Golf Course Extension Road includes new sectors like 61, 62, 65, etc. The road is being developed in line with the thought of walk-to-work with a 200-metre industrial belt running parallel to that across 3 new sectors under development.

The road is ninety metres wide with six lanes and also the construction is almost complete. Green belts are being developed in the middle and along the road flanks creating it an eco-friendly project. The special attention has been given to health, security and education of the residents whereas preparing the layout plan of the new sectors. Consistent with the new plan, Sectors 58-67 are going to be developed within the first phase. These sectors can have 60-metre-wide roads. All roads within the planned sectors are going to be interconnected, in contrast to the prevailing sector roads, which end unexpectedly.

With a view to avoiding encroachments on the far side the connecting roads, Haryana Urban Development Authority(Huda) has determined to develop a 50-metre-wide green belt along the road and additionally earmarked a 200-metre-wide strip as an commercial belt. Developers and promoters ar building golf-themed residences and luxury villas set amidst green expanses, most of that have secured approval from GRIHA (Green Rating for Integrated Habitat Assessment) Realizing the market potential of this developing space, DLF Group has already launched many premium developments on the Golf Course Extension Road. As the extension of Golf Course Road to connect Sohna Road further opened the realm for development.Apart from DLF, different real estate property majors too have residential property in Gurgaon like M3Mís Golf Estate, Ansal APIís Esencia, Emaar MGFís Emerald Hills, Pioneer Groupís Pioneer Park, Tata Housingís Raisina and IREOís Grand Arch. Sectors like 55-56 on the GolfCourse Extension Road have already got an outsized range of cooperative group-housing societies, that has created a crucial mass of population on this stretch.

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