Why Invest In New Gurgaon!admin
Why Invest In New Gurgaon!
With the investment activity in the real estate sector and retail property in Gurgaon picking up, New Gurgaon is turning out to be a favorite destination for both, the end-user as well as investors. Let’s look at the reasons for the same:
- Location: New Gurgaon is strategically located at a place that lies between Gurgaon and Manesar. It is well connected with three major highways, National Highway 8, Dwarka-Gurgaon Expressway and Kundli-Manesar-Palwal Expressway. Also, the area is close to the airport and located near to the upcoming Metro and ISBT.
- Infrastructure: Even though the area is still developing, but certain sectors like Sector 85 has malls, schools, banks, hospitals etc. that’s helping in raising the demand. Top developers are investing in both commercial and residential projects providing world-class amenities and certain builders have also committed in building roads to the interior regions for better connectivity.
- Pricing: Average prices for residential property in Gurgaon and almost all kinds of properties in New Gurgaon range between Rs. 4250 psft and Rs. 5070 psft. In the past year though, prices have fallen by 6% and sales have declined so builders are offering cash discounts and other incentives to buyers thereby making investments even more attractive. The future if these investments is bright as the area is being developed and the Haryana Urban Development Authority (HUDA) had dedicated resources to develop required social and physical infrastructure. This will lead to increase in demand and rise in prices and value of retail property in Gurgaon in medium to long term.
In short, New Gurgaon promises to provide excellent lifestyle with the best of amenities and facilities at an affordable price thereby making it an in-demand investment destination!