New Gurugram To Emerge As A Real Estate Hub In NCR
Riding on the wave of strategic location, infrastructural developments and vibrant social infrastructure, New Gurugram has emerged as a real estate hub for the burgeoning millennial population. The region of New Gurugram comprises sectors along the upcoming Dwarka-Gurgaon Expressway – Sectors 102 to 113 and Sectors 76 to 95 & 95A. The region is well connected to Delhi, Manesar (Haryana) and Neemrana (Rajasthan).
The three highways- Kundli–Manesar–Palwal(KMP) Expressway and Dwarka Expressway and Delhi-Gurgaon(NH 48) Expressway are major spokes of connectivity. The opening of Hero Honda Chowk flyover and Southern Peripheral Road have improved connectivity which is set to go several notches higher with the opening of the Gurugram-Faridabad metro rail link. As of now, New Gurugram is well-connected to Indira Gandhi International Airport, New Delhi Railway Station and Huda City Centre Metro Station.
The proposed underpass at Vatika Chowk that is slated to open by 2022, will be a huge breather to commuters. The development will supplement the under-construction Sohna elevated road corridor between Sohna and Rajiv Chowk. This 21-kilometre signal-free corridor is expected to reduce travel time between Alwar and Gurugram by an hour. Another underpass is proposed at the intersection of Sector 55 and Sector 56. Both of them, along with the shifting of the Kherki Daula toll by early 2021 will ease congestion and facilitate a seamless movement of traffic.
The revamping of Southern Peripheral Road(SPR) will also be a boon for residents. The project comprises the construction of three flyovers at Rajesh Pilot Chowk, Tigra Mod, and the four-lane intersection between Sectors 49 and 50 and Sectors 65 and 66, widening of the Ghata -Vatika Chowk from four lanes to six lanes and refurbishment of the road surface. The project will enable a complete makeover of SPR into an arterial road and facilitate hassle-free movement on NH-48.
The inauguration of a cloverleaf interchange at the intersection of Central Peripheral Road (CPR) and Southern Peripheral Road (SPR) by the end of this year will allow traffic to move between the SPR and Dwarka Expressway, (also known as the Northern Peripheral Road (NPR), bypassing the Delhi-Gurugram Expressway (NH-48).
These developments along with the establishment of multiple centres of excellence under the Delhi-Mumbai Industrial Corridor (DMIC) will herald a dramatic socio-economic transformation of the region. It will also boost employment opportunities, push up real estate prices and have a cascading effect on ancillary sectors.
“New Gurugram enjoys a plethora of benefits such as strategic location, excellent connectivity, sound infrastructure, and a wide consumer base that has accentuated its prospects as a sought-after realty hub. Located in New Gurugram, our latest offering Elan Mercado is a wholesome lifestyle experience destination with world-class amenities. It is a blend of High Street Retail, Food Court, 5 Silver Screen Multiplex by PVR, Fine Dine Restaurants & Luxury Serviced Residences with an exclusive Clubhouse facing Aravalias. It has attracted interest from iconic brands and is poised to emerge as the most sought-after destination for millennials and expatriates,”,” said Mr. Ravish Kapoor, Managing Director, Elan Group.
Elan Mercado is a marquee offering by Elan Group. Located in Sector 80, New Gurugram, It is a blend of High-Street Retail with Double-Height Shops, Foodcourt, Multiplex & Luxury Serviced Residences- Altura. The project enjoys strategic connectivity to IGI Airport, ISBT, Jaipur and Manesar.
New Gurugram is also blessed to possess a robust social infrastructure such as world-class resorts, leading hospitality chains, schools, hospitals, banks, ATMs and restaurants.
This area is on the radar of corporate professionals who usually prefer residences close to their offices and are willing to go an extra mile for comfort, convenience and experience. Leading developers such as Elan, Mapsko, Vatika, Orris, DLF, KPDK Buildtech, 3C, Ansals, Ramprastha Builders and Bestech have come up with marquee projects in New Gurugram. The state-of-the-art amenities, gated community, customized dwellings and a blend of privacy and social exchange are the hallmarks of these residential properties. Numerous Resident Welfare Associations have spearheaded several unique community initiatives.
“New Gurgaon is advantageously sandwiched between Manesar, Gurugram, and Delhi. It has excellent connectivity to Indira Gandhi International Airport, New Delhi Railway Station and Huda City Centre metro station. The proposed ISBT and upcoming Gurgaon-Faridabad metro rail link will further boost connectivity and give a fillip to real estate. With the presence of numerous commercial and retail spaces, the region has emerged as a sought-after destination for ready-to-move-in apartments and is slated to emerge as an epicentre of real estate,” said Rahul Singla, Director, Mapsko Group.
For instance sector 79 at Gurugram is evolving as a realty hotspot due to its proximity to Delhi-Ajmer Expressway (NH-8), Dwarka Expressway and Golf Course Road. Located in the foothills of the Aravalli amid verdant greenery, the sector offers tranquil living away from the hustle-bustle of the main city.
Mapsko’s MountVille project located in Sector 79 offers 3-4 BHK luxury apartments with world-class amenities. With low saturation potential, location advantages, improving connectivity and initiatives by public and private players, New Gurugram is all set to emerge as a sought-after commercial and residential address in NCR.