New (South) Gurgaon: new growth centre


Gurgaon realty has always been centred on the Golf Course road and the M-G road. The attraction offered by the former is the mixed development of high specifications both in the residential and commercial segment while the latter has been popular on account of the malls and also for its connectivity to the NH-8.

With saturation setting in along these locations, developers have now focussed their attention on the Golf Course Extension Road and the Northern Peripheral Road. In early 2008, prices were in the range of Rs 3,000 a square foot. That has risen since then and today, projects command a price of Rs 6,000 and above per sq ft.

In fact, no builder has a new launch planned that is less than Rs 7,000 per sq ft. Those like Emaar and M3M are selling projects in this area at even higher prices, on account of the luxuries they offer.

Golf Course Extension road is now getting connected to NH-8, which is behind Haldiram in that area. A lot of other new developments are also coming on this road which covers Sectors 70, 70A, 71 etc. DLF had launched several plots in this location a year ago, and interestingly, had managed to sell all the plots in a period of two days on down payment plan.

The connectivity to NH-8 and the Golf Course offers an advantage and this is the main reason for the rapid price appreciation. A lot of reputed builders have projects under way in this area such as Tata Housing, Unitech with more than 300 acres, BPTP with similar area and M3M. Projects like Unitech Vistas is already on its way to completion and has attracted about 70 per cent premium from the launch price. Tata Housing is also planning to launch villas in their project in Sector 71. BPTP has been selling plots in the range of Rs 55,000 per square yard.

To decongest NH-8, both the NPR (Northern Peripheral Road) and SPR (Southern Peripheral Road) are under construction and will become operational in around 18-24 months, when both the roads would be ready for use.

NPR may get functional a little earlier, as there is less development work to be done in this area and the surroundings are also already occupied. This may also be a reason why property rates are increasing faster in this area.

Both the NPR and Golf Course Extension Road present a good investment opportunity with potential for rapid appreciation once the road links are functional.


5th February, 2011 


The Times Of India

New Gurgaon (South Gurgaon) is on a proposed 90-metre-wide DLF road; it has all the ingredients of being the next commercial hub with better infrastructure facilities, says A K TIWARY

Unrealistic land prices, over-crowded urban centres, crumbling infrastructure and choking pollution levels took a heavy toll on cities like Mumbai and Delhi, stripping them of their traditional charm and attractiveness. Coinciding with these developments and perhaps as a direct consequence of the slide of these metros, a host of smaller cities and towns have emerged as favored investment locations.

New Gurgaon (South Gurgaon) is on a proposed 90-metre-wide DLF road, originating from the 60-meter Golf Course Road, which is linked the national highway; it has all the ingredients of being the next commercial hub with better infrastructure facilities. New Gurgaon includes Sectors 60, 61, 62, 63, 64, 65, 66 and 67 and is developing as a favored investment locations and new growth centers as these localities satisfy the necessary requirements of accessibility, business facilities and affordability. The area is spread over 4,000 acres of land. Close to the Indira Gandhi International airport, the developing sectors on both sides of the DLF road have emerged as one of the prime location for real estate and IT companies.

According to a recent gazette notification, commercial units are not permitted along roads which are less than 60 meters wide. The HSIIDC is developing New Gurgaon as posh locality, and is also factoring in its potential as a major infrastructure hub.

Real estate firms like Earth infrastructure, Omaxe, Landmark, etc, are coming up with mega projects here. A much-awaited project is Landmark Group's 'Landmark, The Mall', which is coming up at one of the posh addresses in Sector 66, Gurgaon. The architecture of the mall is opulent and has the ability to captivate visitors instantly.

The retail element is intelligently fused with entertainment and hospitality character of the complex. The grand entrance is innovatively conceptualized to address a welcome note to the visitors.

The impeccable structure and design match the lifestyle products and entertaining elements inside the complex. The malls will have a number of shopping outlets, multiplexes, business class hotels, entertainment zone, a kids' zone, food courts, retail chain outlets, etc. The food courts will have food plazas with multiple food vendors on 30,000 sq ft of open sitting space. Nearly 5,000 employees in the proposed cyber park opposite the mall will get to enjoy this facility. The mall will offer mega screens with luxury sitting and is in collaboration with Wave Pictures for this purpose.

Apart from the mall, Omaxe has already completed promising residential projects like Golden Villas I and II, Golden Heights I and II. Close to Gurgaon, Golden Villas, an 85 acres minitownship, is a luxurious development. Conveniently located on NH 8, these projects are equipped with state-of-theart facilities like multi-level security, shopping complexes, community halls, 100% power backup and exquisite interiors and exteriors. The villas have been built over 500 sq yards and 1,000 sq yards. Golden Heights, also on NH 8, offers customers a good deal.

New Gurgaon, real estate companies are targeting the middle-income segment with affordable prices and modern amenities like 24×7 power backup, club house, swimming pool, gymnasium, tennis and badminton courts, along with hi-tech security system and CCTV monitoring. Projects have been meticulously designed, and a portion of a unit could be used as a residence while the other could be leased out and ensure a good rental income.



Source:The Times of India


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