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Top localities in Gurgaon

Baani the AddressGurgaon also known as ‘the Millennium City’ lies on the periphery of Delhi. This city has grown into a hub of industries and Multinational Corporations (MNCs). With state-of-the-art infrastructure, presence of National Highway-8 and proximity to the airport, this city gradually gained prominence among MNCs and several Indian corporations to set up their operations here. Soon, an increase in residential requirement was observed. Let us now observe which areas of Gurgaon have made it to the list of top localities due to good livability conditions as well as a good ‘life to work’ quotient owning to real estate development.

 

Golf Course Road: Golf Course Road is one of the most developed areas of Gurgaon. One can find ready-to-move-in, under construction and proposed properties in this area. DLF Golf and Country Club and Aravalli hills view are some of the Unique Selling Propositions (USP) of properties in this area. Connectivity with Gurgaon-Faridabad Road and Sohna Road make it a preferable destination among working professionals. Various real estate developers have launched high-end residential projects and commercial projects in this area. IREO Gurgaon Hills, DLF Trinity Tower, Vipul Gardens and Baani The Address are some of the projects launched here. As far as property prices are concerned, these have shown upward trend. Average property prices at present are somewhere around Rs. 12,000 per square foot to Rs. 14,500 per square foot.

 

Besides wide roads, this suburb also has well developed social infrastructure including state-of-the-art educational institutions such as IILM Institute for Higher Education, hotels such as IBIS, hospitals such as Paras Hospital and malls such as Centram Plaza.

 

Sohna Road: With direct connectivity to National Highway No.8 (NH-8) and Golf Course Extension Road, Sohna Road is a recently developed corridor in Gurgaon. Availability of several malls, corporate offices, recreational options and high-end residential buildings make it one of the happening localities in Gurgaon. Some of the projects in this area include Vipul Tatvam Villas, Tata Primanti, Aaron Ville, Malibu Towne and Unitech Commercial Centre. Prices in this locality are expected to increase. It is a preferable location amongst investors too as around 15-20% capital appreciation is anticipated here. Current property prices in this region vary between nearly Rs. 8,000 per square foot to Rs. 10,000 per square foot.

 

Golf Course Extension Road: Golf Course Extension Road is a prime locality in Gurgaon. It is a new growth corridor with good investment opportunities. It is gaining prominence among both investors and realty developers owing to the easy connectivity to South Delhi via Gurgaon-Faridabad Road, Sohna Road and Golf Course Road. This locality has various upcoming projects such as IREO Skyon, Unitech South Park, M3M Merlin and BPTP Astaire Garden. All the modern amenities such as schools, hospitals, malls and multiplexes are in close proximity. New sectors like 61,62, 66 and 67 etc. form part of this locality. Property prices in this locality have grown rapidly and the same trend is anticipated to be continued. Current property prices in this locality vary between Rs. 8,000 per square foot to Rs. 12,000 per square foot.

 

TATA Primanti

 

Dwarka Expressway: Dwarka Expressway, also called Northern Periphery Road, is an emerging corridor in Gurgaon. This locality enjoys primacy of location with easy access to Dwarka, Indira Gandhi International Airport. One more reason of increasing popularity of this area is proposed diplomatic enclave and metro lines in its proximity. Some of the prominent developers such as BPTP, Unitech, Indiabulls and Mahindra Life Space etc. have launched their projects in this locality. Most of the developments in this area are under construction phase, which are expected to be delivered in 2014-2015. Property prices in this locality are growing rapidly and have almost tripled in last few years. Existing property prices in this locality vary between nearly Rs. 4,000 per square foot to Rs. 9,000 per square foot.

 

New Gurgaon: Based right beside Manesar, New Gurgaon has gained due prominence. Its easy accessibility from National Highway No.8 (NH-8) and close proximity to Industrial Development Model Township (IMT) Manesar are some of the factors behind growing popularity of this locality. This area consists of Sectors like 82, 83, 86, 89 and 91 to 95 etc. Different reputed real estate developers such as Vatika, Emaar MGF, Ansal, Mapsko, Bestech, DLF etc. have marked their presence in this area. Availability of modern social infrastructure such as schools, healthcare units, recreational centres and hotels etc. make it a prominent investment destination. It is anticipated that demand for residential and commercial property in this area will go high and will offer good returns. Property prices in this locality range between nearly Rs. 3,500 per square foot to Rs. 7,500 per square foot.

 

 

Palam Vihar: Located in vicinity of Udyog Vihar- an industrial area, Palam Vihar is a favorable residential option among working professionals. It offers direct connectivity to Indira Gandhi International Airport, IFFCO Chowk and National Highway No. 8 (NH-8). Metro stations such as IFFCO Metro Station and MG Road Metro Station in close proximity make commutation easy. From reputed educational institutions to malls, hospitals, corporate offices, markets and cinema halls almost everything can be found in this locality. Primarily you will find more plots in this area and the prices of these plots vary between around Rs. 80,000 per square yard to Rs. 1.5 lakh per square yard. Some of the prominent residential projects in this locality include Bestech Park View Residency and Alpha Gurgaon One 22.

 

Sushant Lok: Sushant Lok is one of the well developed localities in Gurgaon. It offers a range of world-class facilities for sumptuous lifestyle. This locality is developed in different blocks including block A, B and C. Availability of almost every facility for comfortable lifestyle such as educational institutions, hospitals, hotels, malls and markets, draw attention of the home buyers and real estate developers. Paras Hospital, Gold Souk Mall, Global Foyer and Amity International School are some of these. ITC Laburnum, Maple Heights, PWO apartments and Sushant apartment are some of the residential projects in this locality. Property seekers in this area will primarily find plots on sale. Plot prices here range between somewhere around Rs. 1.25 lakh per square yard to Rs. 2 lakh per square yard.

 

Mehrauli-Gurgaon Road (MG Road): Mehrauli-Gurgaon Road which is widely known as MG Road is one of the localities that witnessed residential development in early 90′s. Its central location makes it a perfect choice among home seekers and investors. It enjoys availability of three metro stations including MG Road Metro Station, Sikanderpur Metro Station and IFFCO Metro Station in its vicinity. It is at just 15 minute drive away distance from Indira Gandhi International Airport. With high-end residential projects, world-class malls such as Sahara Mall, DT City Centre and Grand Mall and hotels such as Bristol, it makes a perfect residential location. At present prices in this area range between somewhere around Rs. 12,000 per square foot to Rs. 14,000 per square foot.

 

DLF City: Developed in different phases, DLF City is a well developed locality in Gurgaon. It makes premium address for both residential and office spaces. Residential buildings in this area vary from skyscrapers to independent houses, villas and bungalows. This locality is facilitated by state-of-the-art social infrastructure including schools, shopping centers, clubs, healthcare facilities and malls. One can find world-class residential projects in this region such as DLF Oakwood Estate, Sahara Grace, API The IVY and DLF Windsor Court to name a few. One can find both apartments and plots in this locality. Plot prices here vary between nearly Rs. 1.5 lakh per square yard to Rs. 3 lakh per square yard.

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