Gurgaon or the millennium city is currently witnessing some major infrastructural developments. Along with the extension of the road and metro networks, there are proposals to introduce a cable car system as well as a Metrino Personal Rapid Transit system between Gurgaon and Delhi.
All these developments will offer a huge boost to the real estate growth in the area or region. Investors and buyers will put in some more interest in the region as it will provide easy connectivity and accessibility to numerous places across these areas.
Connectivity to numerous locations especially workspace is definitely an important concern for the buyers and investors of the property when this particular area is concerned. For this, the metro network has proved to be beneficial for the real estate market with the areas being surrounded by the routes that are growing rapidly. Similar si the situation with the connectivity of road where there is ease of traffic congestion between Gurgaon and Delhi that could be a blessing for the travelers or commuters.
With the improvement of infrastructure, there will be an improvement in connectivity which would lead to greater convenience for the residents. Also, it will lead to the faster development of numerous facilities and amenities in the suburbs that would prompt more people to select it for their future homes. The quick pace of the suburban developments will lead to the additional housing stock over the long–term.
The millennium city, Gurgaon has also emerged as one of the preferred housing destination in North-India especially for the end-users, working professionals and investors those are owing easy connectivity and accessibility from Indira Gandhi International Airport, National Highway 8, Delhi and Golf Course Road. The improving infrastructure, growth and connectivity in commercial segments, the properties in this area have offered some good returns on the investment over the last couple of years.
There is a huge growth in Gurgaon’s luxury as well as ultra-luxury segment and have been hugely propelled by young working population with high disposable incomes, increasing global exposure and changing lifestyle. Locations for properties in South of Gurgaon, Sohna Road, Gold Course Road, Gold Course Extension Road and Dwarka Expressway are most sought as there are numerous projects that are offers 24×7 power, security, amenities and futuristic designs.
New developments will definitely define the real estate market in the city. The developing areas especially of New Gurgaon includes sectors like 76, 80, 82, 84, 85, 86, 87, 89A, 90, 91, 92, 93 and 95, for buying as well as investing in properties. Numerous other locations like Dwarka Expressway, National Highway 8, Dwarka, Manesar, Sohna Road, South of Gurgaon, Golf Course Road and their developments are witnessing huge real estate development in and around Gurgaon.