Gurgaon is the recent industrial hub, a dream
destination of all investors, the place with maximum development and the
residential heaven. It may sound too good to be true, but in the last decade
the city has exploded and emerged as one of the hottest destinations for real
estate developments. The following article talks about the Gurgaon city and the
upcoming trends in the real estate segment.
Located at
Delhi’s shoulder, Gurgaon is a home to a number of people and a dream city for
many today. The city has one of the major developers constructing landmarks
year after year. The city has seen huge infrastructural developments in the
past few years making the Gurgaon realty market one of the most happening places
around the globe. Investors and end-users have created demands in the market
leading to a highly developed market.
Today, Gurgaon
is one of the most developed cities in India and is on the same path when it
comes to the real estate sector. Today there are more than 80 ongoing projects
and a number of new launches by some of the renowned builders. Going below, let
us take a sneak peek into the Gurgaon city, the real estate trends, the current
scenario, what are the upcoming projects and which are the trending locations
in the city.
A Glimpse of Gurgaon City
The
city that holds the greatest promise for business, hospitality, residential and
recreational sectors has come a long way to be where it is today. The
‘Millennium City’ as it is often referred today is the leading financial and
industrial hub. The city has witnessed rapid urbanization with a lot of MNC’s
and companies shifting into the city. This increased the demands in the housing
sector and thus the city had a complete new face with many new sectors coming
in which are today well developed and settled.
What was once a
small dusty village is today the most sought after locations amongst the
corporates from round the world.
Real Estate Activities in Gurgaon
Today, Gurgaon
features a web of world class residential buildings, house of corporates, shopping
malls, entertainment zones and a lot more. The dusty village has turned into a
hi-tech city where its residents can feel all the luxury.
Gurgaon has
emerged as one of the hot spots of real estate developments. This is because:
·
Its connectivity to Delhi, the national
capital
·
Overcrowding of Delhi, people
trying to find an alternate and affordable housing solutions
·
Growing purchasing power of the
people
·
Gurgaon is becoming home to a
lot of multinationals and other offices and this is increasing the demands of housing
in the city
·
The governments initiative to
support the real estate developments by developing major infrastructural
developments
Gurgaon real
estate had seen a boom in the beginning, with investors making a lot of money
in investing in the residential projects. Today, the sixth largest city of
India is regarded as the best city in India to live in and work in.
Realty Sector of Gurgaon – The Current Scenario
The last quarter
of 2013 had an increased demand of residential units, retail spaces and office
spaces in NCR and Gurgaon had the major demands and is one of the most rapidly
developing cities in terms of real estate. The price rise even in the stagnant
conditions of market attracts both the builders and the investors towards the
property market of Gurgaon.
Gurgaon has a
varied product mix, which provides affordable housing solutions to mid segment
people as well as luxury housing for the upper segment of the society.
Hot Trending Locations in Gurgaon
Gurgaon can be
divided into three major clusters on the basis of geographical locations and
the growth drivers that stimulate the development of the area. The locations
that adjoin the southern peripheral road like the golf course extension road,
Sohna Road,golf course road, MG Road and NH-8. These locations are one of the
premium locations in Gurgaon offering super luxurious residential projects.
The sectors that
offer affordable housing solutions are sector 37C, sector 95, sector 103 and
sector 92. Other areas include the areas adjoining Manesar which is bounded by
northern peripheral road or NH-8.
The third lot
comprises of real estate developments on the under-construction Dwarka
Expressway.
Some of the Trending Launches in Gurgaon
Under the most
trending launches in Gurgaon, let us discuss two of the projects by renowned
builders.
1.
Microtek Greenburg
Microtek has
launched ultra-luxury apartments in the
Sector 86 of Gurgaon. Greenburg has friendly prices and specifications like
modular kitchen, wooden flooring, Jacuzzi bath tub and more. The project offers
2BHKapartments in Gurgaon that has an approx. size of 1480 square feet and 3BHK
apartment of size 2285 square feet.
The builders
bring to you amenities like swimming pools, health club, café, theme gardens,
kids play area and indoor courts for a lot of games. The project is very near
to the international airport, New Delhi and shopping and entertainment zones.
Build by one of
the most established builders in the North; the developers have been into a
varied business line that includes manufacturer of largest interior
infrastructure, flex manufacturer and in construction of hospital.
2.
Supertech Hues
Supertech
is a renowned name in the residential sector of Gurgaon and has come up with
another project by the name of Supertech
Hues on Sohna Road. The project offers a mix of 2 and 3BHK apartments in Gurgaonwith modular kitchen, wooden
work, Italian marble flooring, ample space and open area. The project is spread
over 85acres of land in sec 68 of Gurgaon.
The project has
all the latest amenities and specifications that are essential for a modern
living. The residential township has two level parking, excellent architecture,
pitch and putt Golf Park, treated water supply, jogging tray, children’s play
area and tennis court.
Other than
these, the project also has location advantages as it is well connected to the
southern peripheral road, offices and commercial spaces just at a kilometer
distance and well connected to the NH8.
The price trends
of sector 68 Gurgaon is as follows:
The prices have
always appreciated in this sector; hence it is a good investment option.
The Final Words
The road to
success for Gurgaon had taken off some time before. With the real estate
developments and infrastructural supports, the city has a new face. There is
still a long way to go before the city has a completely new face. The city
holds the future of Indian real estate with numerous growth opportunities and
support.