In the past few years, Gurgaon has taken long strides towards development and urbanization. Strategic location of Gurgaon near the national capital Delhi, its close proximity to the IGI airport, favorable policies of the state government and well-developed infrastructure are the key factors that have contributed to the fast pace of city's growth. For the same reason, Gurgaon has emerged as one of the top preferences for commercial and residential development. Let's weigh some of the key locations in Gurgaon from the lens of Real Estate Development.
Golf Course Road (GCR) enjoys the distinction of being one of the prime locations in Gurgaon. It's dotted with luxury residential housings and at the same time offers quality commercial/retail spaces. Several multinational companies have set up their bases at this location and some of the prestigious names include Genpact, American Express, Ernst & Young, Dell, Vertex, etc.
When referring to better developed stretches in Gurgaon MG Road (Mehraulli-Gurgaon Road) deserves a special mention. There are pockets of commercial and retail spaces along the stretch. However, the highlights remain the premium residential housings. The most prestigious office buildings along or in the vicinity of this stretch include include Time tower, First India place, JMD Regent Plaza, etc. Not to miss, the grand malls of the city that all are located on this road. The DLF Cyber City offers Commercial/IT/ITeS/SEZ spaces and holds great importance for businesses seeking presence and expansion in this booming city. Besides there are many more names such as DLF phases, NH-8, Udyog Vihar, Sohna Road, Dwarka Expressway, etc. that qualify to be the most priced locations in Gurgaon.
What Makes Gurgaon So Valuable?
- Excellent accessibility both intercity and intra city
- Better infrastructure
- Metro connectivity
- Strategic location in close proximity to national capital & IGI Airport
Few Quick Facts
- Vacancy levels of around 25% to 30% do promise a lot to Real Estate Developers operational in the city.
- Although rental values are high, still one can scout locations such as MG Road, GCR and the NH-8 that defy the standards.
In the nutshell, Gurgaon has a bright present and a brighter future. The same holds true for the Real Estate Sector in the city. However, affordability is likely to be an issue for buyers in upcoming years.