Find Your Dream Home
New Gurgaon – The Hottest Region to Find Your Dream Home
New Gurgaon is fast emerging as one of the most popular real estate destinations in Delhi NCR. It is the region that lies between premium locations of Gurgaon and Manesar. It mainly comprises of the sectors situated between Dwarka Expressway and Manesar Industrial Area. The area is well-connected with three highways- NH8, Kundli–Manesar–Palwal Expressway and Dwarka-Gurgaon Expressway. With excellent connectivity and infrastructure development, New Gurgaon has become the latest real estate hot spot.
New Gurgaon is divided into 2 parts- North New Gurgaon and South New Gurgaon. Both the regions are developing at a rapid pace. Some of India's leading real estate developers have a strong presence in the region. Vatika Group, for example, has launched a supply of 7.4 million square feet of luxury apartments and low rise builder floors in sector 82, 82-A, 83, 88-A, 88-Band 89. There are many group housing projects in the region that are currently under-construction. These include premium, luxury and ultra-luxury projects. A lot of commercial development is also taking place in the new Gurgaon region.
As far as infrastructure is concerned, a lot of progress has taken place over the last two years. However, there is a long way to go when it comes to development of schools, hospitals and public transportation. With the development happening at a rapid pace, the infrastructure of the region is expected to improve significantly within the next 2 years.
Future growth prospect is one of the key reasons that have transformed New Gurgaon into a popular real estate destination. The region is also attracting foreign investments. Singapore's sovereign wealth fund GIC announced a joint venture with Vatika Group for the development of two housing projects in the region. The projects are situated near Vatika Group's two major townships - Vatika Express City (120 hectares) and Vatika India Next (250 hectares). These projects are expected to be completed by financial year 2018-19 and expected to generate huge revenues for the firm.
As the demand for property in New Gurgaon continues to rise, more residential and commercial projects are expected to come up in the region, thereby creating a sort of win-win situation for all.