Gurgaon, also known as millennium city is touted to be one the fastest developing cities in Northern India, with a spate of developments over the past few decades. Real Estate in Gurgaon has also witnessed a significant change on the back of these progress across the spectrum. Few years back, the infrastructure was very poor.
But gradually a lot of developments were initiated that involves new road ways, metros & new urban communities. One of the major construction in the city is Dwarka Expressway also known as Northern Peripheral Road (NPR). The expressway will connect Dwarka in Delhi with NH-8 at kherki Dhaula and will pass through Pataudi Road. This expressway is also envisaged to boost the connectivity and cut down the traffic woes between International Airport & Gurgaon. Gurgaon also shares a robust connectivity from the northern parts via the Sohna Road and in the East via the Golf Course Extension Road. The Sohna Road further connects to the Delhi-Jaipur expressway which is a 4 lane highway connecting the satellite city to Delhi. Many prominent areas like Sector 50, 70 and Badshahpur is located in the vicinity.
Apart from all the connectivity advantages, Gurgaon stands as the first satellite town to run their own private metros know as rapid metros. This metro is linked within the satellite city and offers an easy and fast access to other parts within the periphery. The massive infrastructure development and robust connectivity has brought a significant change in Real estate in Gurgaon.
Gurgaon, also bestows a lot of advantages as a residential hub. Gurgaon, which is envisaged to have expensive property market Gurgaon, couldn’t meet the requirement of the major strata of the consumers. People wanted to buy a home close to their work station but the rates were reasonably high and beyond the budget. Gurgaon is a home to most of the blue chip companies and MNC’S which has significantly boosted the residential real estate in Gurgaon.
But due to the charm and bright future prospects, many builders started showcasing their interest in Gurgaon. With a spate of residential projects, many builders wanted to cater the needs of all the strata of buyers. These equipped projects with great infrastructure and high class amenities were offered to the buyers at affordable prices or what lies in their budget. They were spoilt for choices as slew of promising projects were launched in a go and many on the threshold. It made a great bet for the early investors and end users and this market a significant change, giving a high boost to the residential real estate in Gurgaon. Proximity to various well-known colleges and faculties, banks, hospitals and malls is that the reason why the city emerged as a prime residential hub.
Gurgaon is now a well-settled town and is also burgeoning at a good rapidly. With this pace, it would not be wrong to say that sky would be the limit. The property prices experience an annual average appreciation of about 10% which is considerably good. The localities, emerging as the two most popular real estate hubs, are also expected to go with the trend. The continuous development of infrastructure is expected to fuel the value appreciation cycle.
Therefore, Gurgaon has bright future prospects both as residential and investment destinations. Since, it is emerging as premium residential hub and commercial centre, this is the best time to invest in it as it is expected to give higher returns in future. It ensures to keep your investment frugal.