New Gurgaon: A Vibrant Residential And Commercial Hub In Ncr

Fuelled by affordable property, good connectivity, and an upsurge in the development of infrastructure, New Gurgaon is fast emerging as a vibrant residential and commercial hub in the NCR.

Residential And Commercial

Industry experts say that although delay in the completion of Northern Peripheral Road has resulted in slow activities in this area, New Gurgaon, nevertheless, is becoming habitable with the completion of a number of projects.

“Sectors close to the national highway are registering good movement. People working in the offices located at National Highway Toll Plaza prefer this area due to the proximity to their office location. Affordability is also one factor that is driving demand in this area. Social amenities like local markets, schools, etc, are also developing fast with families living in this newly developed area,” says Surabhi Arora, senior associate director (research) at Colliers International India.

In the last two years, developers like DLF, Vatika, Bestech, Orris, and Emaar have given possession of housing projects which offer low to medium ticketsize residential options to end users.

Harinder Dhillon, VP (sales) at DLF, says: “New Gurgaon has emerged as a preferred choice in the Delhi NCR for buyers in the last few years. The area is strategically located between Manesar, Gurugram, and Delhi with direct connectivity to NH-8. The spate of recent infrastructural developments in the area like Southern Peripheral Road (SPR), Dwarka Expressway, and Kundli-Manesar-Palwal Expressway, once complete, will bolster connectivity. With significant habitation even today, the occupancy rates in the zone are expected to increase rapidly with the new infrastructural developments fully in place.”

Developers say that because of these advantages, the area is developing rapidly and is emerging as a vibrant residential and commercial hub in the NCR.

“A recent report by real estate consultancy Knight Frank has identified New Gurgaon as one of the Top 10 residential destinations in India, from an investment point of view, up to 2020. The region has many ready-to-move-in apartments and other social infrastructure, hence swelling its demand for the real estate sector,” Rahul Singla, director of Mapsko Group, says.

Availability of a plenty of options makes New Gurgaon a preferred choice among end users. “In terms of commercial real estate development, too, a number of projects have been planned here. However, in my opinion, it will take some time for this location to emerge as a top commercial destination,” Surabhi Arora says.



Get More Of Real Estate

Subscribe to our mailing list and get interesting real estate stuff updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Latest Price Performance of Indian Real Estate Companies Stocks

Previous articleBorrow To Pay Security Deposit On Rented House
Next articleBharti Plans Mega Shopping Mall In Aerocity
Vikas Shukla is a professional blogger, speaker, and rockstar digital marketer! He is also a very avid photographer. He believes in enjoying life rather than working just to survive. He’s always dreamed big, strived for greatness and deeply cared about people. His passionate spirit is evident by his funky superhero movie t-shirts and his new tattoo. His love for vegetarian will never allow him to become a chicken but his love of life and will to succeed make him your ideal motivational speaker and personal consultant. I have an experience of 5 + yrs in SEO & Digital Marketing field. With strong knowledge of Internet Marketing terms like Social Media Optimization (SMO),Search Engine Optimization (SEO), Blogging, Local Search Optimization, Mobile SEO, Ecommerce SEO & WordPress .


Please enter your comment!
Please enter your name here

Comment moderation is enabled. Your comment may take some time to appear.