Real Estate In Gurgaon - By Ray White Gurgaon
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The magic figure 1 crore that we were so used to hearing from our fathers has lost its credibility in todays market. But let me remind you that this magic figure still exists in Real Estate in Gurgaon. Those who are planning to invest in Real Estate in Gurgaon and have a budget of 1 crore, dont shy away. The two important developments which any investor or end user of residential or commercial property may like to note would be the Southern Peripheral Road and the Northern Peripheral Road as specified by the Gurgaon Master Plan 2025. Most of the developments are happening in these areas. The SPR and NPR together would form a ring around Gurgaon and connect Palam Vihar and MG Road through NH-8 near village Kherki Daula.
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Gurgaon is a great attraction in the real estate industry. In the National Capital Region of Delhi, Gurgaon property market is really vibrant with the active presence of a host of major players in the field. This is because of the growing significance of Gurgaon as a corporate hub. In the post liberalization era, in the backdrop of globalization, the major multinational corporations of the east and the west are opening their operations in India. Most of these corporations prefer to open their Delhi offices in Gurgaon. Gurgaon is the popular destination of multinationals coming to Gurgaon. The rapid infrastructural growth of Gurgaon has attracted several international companies to invest in big property deals in Gurgaon.
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Gurgaon is the real estate destination with the active presence of real estate majors like TATA Housing, DLF, Unitech, IREO, Ramprastha, SS Group, BPTP, etc. With the completed and upcoming projects of these realtors, Gurgaon has acquired a sophisticated look. These companies are using international technology in construction and that aspect has added to the value addition of flats and apartments in the region. Therefore, investors are more confident in investing in these projects.
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SPR connects MG Road with Gurgaon Expressway (NH8) while NPR, also called Dwarka Expressway connects Dwarka in Delhi with the expressway. Developers like BPTP are coming up with their residential projects like, Amstoria, Park Serene and Spacio, while Ramprastha on the other hand has its ongoing biggest Ramprastha City which includes Skyz, Edge Towers, View and Atrium spreading in the land area of 450 acres out of which 15 acres of land has been given to the Dwarka Expressway. The current rates for apartment by these 2 major developers of the Northern Peripheral region ranges from about Rs. 60 lakhs to Rs. 1 crore depending on the size ranging from 1600 to 2200 Sq.ft.
On the other hand, when comparing it to the Southern Peripheral Road, we have the likes of Unitech, Emaar, IREO, etc dominating this region. 2 to 3 bhk apartments ranging from Rs. 85 lakhs to about Rs. 1.5 crore and it can also go over Rs. 3 crores. This region has the most luxurious living life style as compared to the Northern Peripheral Road.
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