Top realty players like DLF, Tata Housing, Hines, Homestead, Unitech, Ansal API, Raheja Developers, Chintels Ltd, Adani, Godrej, BPTP, IREO, M3M, MGF Emaar, Orris Infrastructure, Antriksh, Assotech Ltd, Supertech, etc, have huge land banks here and come up with new projects regularly.
Most of these developers hire top-notch engineering firms like L&T and Shapoorji Pallonji, etc, as contractors, which translates into timely delivery of well-engineered products.
The best locations to invest in Gurgaon are Golf Course Road, Golf Course Extension Road and the surrounding areas, Southern Peripheral Road, and the developing Dwarka-Gurgaon Expressway.
Investors are flocking to these areas owing to the new master plan which has focused on connectivity and lifestyle features. These areas come under the new master plan, which has made provision for superior infrastructure developments with wider roads, Metro connectivity, parks, etc, along with a good combination of commercial and residential mix of projects.
Golf Course Road is just minutes away from Mehrauli Road making it one of the best locations in Gurgaon, while the projects on Dwarka-Gurgaon Expressway are close to the IGI Airport.
Clearly, the walk-to-work concept is in. Demand also comes from people who want a second home, either for spending their weekends, or for renting out. The NRIs also account for a large portion of this demand.
Compared to Noida, demand has always outstripped supply in Gurgaon. In several high-end complexes, corporates have bought apartments in bulk to house their senior executives. The biggest strength of the city lies in the massive employment opportunity available within a 10-15km radius. The product specifications of newer projects are better than the older developments. Encouraged by rise in demand and good response for our earlier products, we are developing Assotech Blith in Sector 99 on Dwarka-Gurgaon Expressway.
DLF has plans to launch 13-15 million sq ft of development in 2013-2014, of which 10 million sq ft will be in the residential segment, while it has earmarked 3 million sq ft for commercial segment and 2-3 million sq ft in the retail segment. DLF has a deep focus on the Delhi NCR region; out of their total land bank of 340 million sq ft, they have nearly 50% of it in Gurgaon.
Haryana government has designated the Aravali range around Sohna town as a natural conservation zone (NCZ) in the recentlynotified final development plan of Gurgaon-Manesar Urban Complex. Developers like DLF, MGF EMAAR, Raheja, Supertech Ltd, BPTP, Mapsko, etc, have launched high-end luxurious projects with the panoramic views of the Aravalis providing the backdrop.
Raheja Developers' Revanta, in Sector 78 in the heart of Gurgaon, has a highrise in Surya Tower and a low-rise in Tapas Town with 1-, 2-, 3-, 4-, 5-, 6BHK condominiums and penthouses of 1,200-5,000 sq ft. These are being built by Arabtec.
Spaze Towers Pvt Ltd has launched Kalistaa in Sector 84. Mapsko Group has launched a new project, Mount Ville, in Sector 79, Gurgaon. True to its name, the project boasts of scenic beauty and a picturesque view of the Aravali ranges. The project is being developed amidst nature with premium luxurious facilities. Developed over 16 acres and with 802 units. Another factor which adds up to demand is its easy connectivity from NH-8 and Southern Peripheral Road (SPR).
In today's fast paced city life, everyone pines for a peaceful home. With this thought on Mapsko launched Mount Ville, a range of Hill Homes, which will bring people back to the mountains and the greens. This project will not just provide scenic beauty but also a healthy living. Kalistaa by Spaze, has one iconic tower with G+20 floors. Spread over 2.5 acres, the residential colony brings contemporary and luxurious lifestyle in 62 high-end luxury apartments. This project has been designed by India's renowned architecture firm ACPL.
Supertech Ltd has plans to develop an integrated township of high-end luxurious residential housing set in the backdrop of the Aravalis in Sector 79, Gurgaon. Supertech has already launched Supertech Araville in Sector 79; this project offers 2- and 3BHK residential apartments facing a dedicated lush green area over 10 acres. Supertech Araville is a premium residential project in the lap of the Aravalis. The project is an unmatched mix of amenities, conveniences at a strategies location.
Orris Infrastructure has launched Business Square, in Sector 82A, New Gurgaon. The project is a premium commercial complex having office spaces and hotels. Business Square is over 9.5 acres, with a 5-star hotel being built on 2,00,000 sq ft. The project also has office space for upscale MNCs, budget hotels and a convention centre over 6,80,000 sq ft.
Data Source- TOI
Alok Kumar Upadhayay
Real Estate Professional