Is New Gurgaon the new investment hot spot?

For investors and end users, New Gurgaon seems to be an attractive destination to invest. As per the latest edition of PropIndex (Jan-Mar 2015 quarter), an India Apartment Index, new sectors of Gurgaon have a high residential unit inventory in the new developing Sectors 85-91.  

New Gurgaon enjoys strategic positioning between Old Gurgaon and Manesar. New Gurgaon comprises of the newly developed sectors. In the past few months, the area has undergone a lot of real estate development in terms of the number of developers to have launched residential projects across the area.

As per the data with Magicbricks, new sectors such as Sectors 85, 86, 87, 88, 89, 90, 91, 92, 93, 94 and 95 are coming up with housing units by all leading developers. The current average capital value of properties in some of the sectors are:

What makes New Gurgaon ride high on residential housing development? 

• New Gurgaon is well connected with three major highways which are National Highway 8 (NH8), Kundli–Manesar–Palwal Expressway and Dwarka-Gurgaon Expressway, which makes it an attractive destination for both buyers and developers
• The workforce of Manesar and Gurgaon are eyeing at the new developing sectors owing to the availability of affordably priced homes
• Raj, a local real estate agent in Sector 85, Gurgaon says, “Sector-85 in New Gurgaon is a very desirable residential location among buyers as it has the presence of malls, schools, banks, hospital and recreational centers.”
• One of the key factor attracting buyers towards the area is its connectivity with Delhi on one side and Neemrana  on the other through the NH 8
• The three main corridors NH-8, Dwarka-Gurgaon Road (Northern Peripheral Road) and Gurgaon-Sohna Road (Southern Peripheral Road) connects Gurgaon with other parts of NCR

Well planned physical and social infrastructure and promising real estate development makes New Gurgaon possess all attributes of a well-developed city.

SOURCE: Magicbricks