New Gurgaon: On the cusp of a Property Boom

Over the last couple of years, New Gurgaon – an area encompassing Sectors from 76 to 95 – has come to acquire great potential for property buying and investment. Thanks to its strategic location at the intersection of NH-8 and Dwarka Expressway, its proximity to thriving industrial and business corridors and by virtue of its seamless connectivity to the townships of Manesar and Dwarka, the region is attracting a frenetic pace of real estate development. Also, with nearby pockets located along Mehrauli-Gurgaon Road, Sohna Road and Golf Course Road left with scarce land for new projects, New Gurgaon has emerged as a favorite hotspot on the Delhi-NCR real estate radar.

For potential home buyers in the NCR, and for the multitudes of professionals who work in Gurgaon, Dharuhera, Bhiwadi and Manesar, along an industrial belt of large and small industrial units and vast number of offices and commercial establishments, New Gurgaon is an ideal hub to live in. Apart from its proximity to NH-8 and the 150-metre-wide Dwarka-Gurgaon Expressway, a Metro line and Inter State Bus Terminus have also been planned near the Gurgaon-Pataudi road, which will add to the connectivity. The likely operationalization of Dwarka Expressway in the near future and the proposed expansion of Rapid Metro deeper into Gurgaon will ensure greater traction to real estate development in the area. The Kundli-Manesar-Palwal Expressway (likely to be completed by next year) will also boost the investment levels. The 1,483 km-long Delhi-Mumbai Industrial Corridor along NH-8, is another factor helping to attract buyers and investors. The area also offers excellent connectivity to the International Airport, and holiday getaways like Jaipur and Sultanpur National Park.

Property buyers also see immense potential in New Gurgaon due to its well-developed neighboring areas and planned development. The region enjoys good infrastructure, attractive pricing and good-quality well-planned projects, of which many are in an advanced stage of construction. Arterial roads to different sectors in the region are already present or are under construction at a relatively fast pace.

The Master Plan-2031 of Gurgaon-Manesar Urban Complex stipulates that residential areas would be developed along the lines of the Community Living concept i.e. there would be adequate provision for all community facilities and services within the sectors. These sectors will be self-sustaining, each constructed over an area of 200-300 acres and will house, apart from residential units, boarding houses, social, community & educational buildings, health institutions, cinemas, commercial centres & offices, retail shops & restaurants, petrol/CNG stations, bus stops, nurseries , hotels, cyber and IT parks.

To add to the region’s locational and connectivity appeal, developers are coming up with projects that integrate open green areas, social spaces and infrastructure in an environmentally sustainable way. It may perhaps be difficult to currently find any other place in the NCR with such a profusion of green-themed apartments and villas set amidst green expanses. Not surprisingly, many of these projects, including Lotus Greens’ Woodview Residences in sector 89-90, are SVAGRIHA (Green Rating for Integrated Habitat Assessment) certified.

About P. Sahel

As Vice Chairman of Lotus Greens, Sahel is responsible for giving directions on overall business strategy and key investments decisions of the firm. Being one of the founding members of Lotus Greens, Sahel has been instrumental in formulating various company policies, setting up systems and processes, and building a strong team of professionals. Prior to Lotus Greens, Sahel worked for more than 16 years in some of India’s largest and most respected real estate companies like Jones Lang LaSalle for 13 years as the Managing Director of the Markets & Solution Development and DLF prior to that. The views expressed are personal

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