Why Invest in New Gurgaon?
The dream of owning a home in New Gurgaon can be a reality, thanks to increasing number of affordable options in the area
Connectivity and ease of life are two major factors that are drawing homebuyers to New Gurgoan. This bustling part of Gurugram is known for its strategic location and Its wide variety of housing options. The area’s proximity to NH-48 and the Dwarka Expressway, make it a lucrative deal for working professionals. Due to an array of prospects, New Gurgaon is increasingly attracting investments in both commercial and residential property.
New Gurgaon is also expected to witness an upward trend in the delivery of new ready-to-move-in homes. Many feel that the timely delivery of these projects is set to encourage more people into buying and investing in this upcoming area.
Seamless connectivity, new launches, infrastructural developments, and assured prospects are the other key drivers that are making New Gurgaon a lucrative destination.
All the recent developments have made New Gurgaon a hotspot attracting millennial investments from all quarters. While 2019 saw Increased traction in the realty market here, 2020 on the other hand, barring the momentary slowdown, continues to be promising. Experts believe that the area will reap In huge benefits
SUPERIOR SOCIAL INFRASTRUCTURE
Experts believe that the proposed Delhi-Gurgoan SNB RRTS corridor will boost connectivity factor of the area even further. This area boasts of superior social infrastructure owing to the presence of premier institutions, healthcare facilities, shopping malls, hotels, and other recreational zones. “New Gurgaon enjoys the position of a prime realty destination due to its strategic location and the infrastructure developments happening around it. The developing market has attracted the realty players to enter and venture into variety of projects — from luxury, mid-segment to affordable to commercial working spaces,” shares Pradeep Aggarwal, founder and chairman, Signature Global and chairman, ASSOCHAM, National Council on Real Estate, Housing and Urban Development.
This area is also closer to the IGI Airport. Not just connectivity, New Gurgaon is also a hotspot for affordable homes. “With the introduction of policies like Deen Dayal Jan Awas Yojana and ‘Housing for All’ the affordable housing market is booming and currently promises best returns. The region is going to be well occupied with commercial and entertainment centres,” adds Aggarwal.
Major developers feel that owing to the variety of options both in commercial and residential properties New Gurgaon is expected to see huge investments in affordable segment in the coming years. Today, New Gurgaon is known for its expansive options in affordable homes. The property in the area is priced between 24,202 and Z6,598 per square feet. “Over the years, there has been a significant demand from end-users in the low-income and mid-income groups. Owing to which, affordable housing projects are a major draw among homebuyers In New Gurugram,” sums Rajat Goel, JMD, MRG World.
Source : HT