Gurgaon Real Estate: Studying the Upcoming Trends

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.