New Gurgaon in Focus

The Times of India, New Delhi
August 19, 2011

Sector 81 to 92, commonly called New Gurgaon, are well-connected to three highways – NH-8, Dwarka Expressway and KMP Expressway. Naturally, this area is fast turning into a preferred choice for investors, says Team Magic Bricks

Gurgaon segment comprising of Sectors 81, 82, 83, 85, 89, 90, 91 and 92 are strategically placed close to NH8, IGI airport, Reliance SEZ, and the proposed Metro and Kundli-Manesar-Palwal (KMP) Expressway.  A large number of property options are coming up along this route, which is well connected to both, Delhi and Jaipur.

Developer interest has triggered fresh demand in this region, with prominent builders such as DLF Ltd, Raheja Developers, Orris Infrastructure Pvt Ltd, Ansal API, Vatika Group, among others, active here. Many are township properties with multiple options of high-rise apartments, single floors and villas.

Some commercial property is also taking place in these integrated developments. A significant reason for developer interest in these Sectors could be the presence of industries on the periphery, at Manesar and Dharuhera. Malls and entertainment zones are already present in Manesar which is closeby.

Ashwani Sareen, Assistant Vice President – Sales & Marketing of Orris Infrastructure Pvt. Ltd, said these Sectors are fast becoming the preferred destination as there is access to transportation and infrastructure in the region which will facilitate easy access to Gurgaon from the national capital and also from other neighbouring states. “The Jaipur-Delhi National Highway, the Delhi-Gurgaon 8-lane Expressway and the Delhi-Gurgaon metro rail connectivity has added several dimensions to the significance of Gurgaon as a commercial and residential destination,” Sareen says.

Ramstan of Ramstan Realtors pointed out on MagicBricks site that two years ago, no one was interested in going to New Gurgaon as buyers were not sure about the future prospects of this area, but, whoever invested at that time have hugely benefitted. He said “Now, it has become one of the most sought-after places for investment. It is well-connected with all the three highways –NH8, Dwarka Expressway and proposed KMP Expressway.”

Some key projects in New Gurgaon are AlphaCorp’s Gurgaon One (Sec 84),Vatika Group’s Gurgaon 21 (Sec 83), Ansal API’s Fernhill (Sec 91), Bestech Group’s Park View Ananda (Sec 81), DLF Ltd’s New Town Heights (Sec 86, 90, 91), Orris Infrastructure’s Carnation Residency (Sec 85), among others.

Among all these Sectors, 92 has seen the maximum increase in capital value of apartments by 10% in the April-June quarter, 2011 compared to January to March  2011. Sector 85 followed, witnessing an increase of 9% in the same period. The capital value of apartments in these Sectors starts from Rs 2,500 per sq ft and goes up to Rs 5,400 per sq ft.

Sareen says that people who are looking for a good life away from the hustle bustle of the city can opt for these Sectors. 

“With the growing number of lifestyle townships and retail hubs, the destination is definitely attracting prospective buyers and also it’s an added advantage for the residents of the location,” he says.

 



Residential Projects in Gurgaon Sector 84, Dwarka expressway Projects
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