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Home buying on your mind? Put New Gurugram on your wishlist

Priya Singh | 2023-12-21

Once termed a satellite town of New Delhi, Gurugram has come a long way to become a hotbed of commercial and business activities. The city today draws a parallel with Mumbai. More than half of Fortune- 500 companies have their offices in Gurugram. Known for its cosmopolitan cultural appeal, the city is also rightly termed the Millennial City.
As Gurugram has risen sharply and made a mark on the national radar, so has its real estate market. The city is dotted with skyscrapers, lifestyle retail zones, commercial catchments, etc.

However, on the flip side, it has also resulted in overcrowded housing communities, increased traffic congestion, higher levels of pollution, and exorbitant real estate prices across the city’s key locations. Many locations in Gurgaon today are beyond the reach of an average middle-class buyer
To further expand Gurugram in a systematic and sustainable manner, the authorities have been building New Gurugram, a sprawling urban corridor. New Gurugram stretches across the Dwarka Expressway Road – the 29.1-km-long highway that connects Shivamurti in New Delhi with Kherki Dhaula in Gurugram. The highway is set to be completed soon and will seamlessly connect Gurugram, New Gurugram, Delhi, and IMT (Industrial Manesar Township).

The region includes sectors 76 to 95 A and 102 to 113. New Gurugram is also connected with NH 48 (Delhi-Jaipur Expressway). Through Sohna Road, New Gurugram will be linked to the Sohna region, another upcoming location in Gurugram.

New Gurugram is developed in a phased manner which includes business & industrial clusters as well as residential communities. The region is also part of the Delhi-Mumbai Industrial Corridor (DMIC), which will further act as a growth multiplier in the foreseeable future.
Real estate in New Gurugram is witnessing a steady rise in demand, which is fuelling the property market. It is located at a convenient distance from the international airport (~ 25 mins), as well as the international convention centre in Dwarka (~ 30 mins). New Gurugram is also located at an approachable distance from other prominent micro-markets in Gurugram such as Cybercity and Udyog Vihar.

It is adjacent to the auto and auto ancillary hub in Manesar, which further propels housing demand. The region is connected to Paschim Vihar and Dwarka through the Dwarka Expressway, which has also invited buyers and investors from the New Delhi region.

Besides improved connectivity and a fast-paced infrastructure, New Gurugram offers plenty of high-quality projects at affordable prices. The list of developers in New Gurugram includes Sobha, Bestech, M3M, Signature Global, Axon, Emaar, Adani, Godrej, Ansal, Raheja, and many more. The property prices are mostly in the range of INR 5,900- 6,700/ Sq. Ft. The average property price is Rs 6,496/ Sq Ft, rising by 4.4% on a quarterly basis (Q4, FY 22).

The retail, commercial, and warehouse segment are also high in demand in the New Gurugram, backed by the growing population and improved connectivity.
In terms of social infrastructure, New Gurugram is behind other well-established communities such as Golf Course Road, Golf Course Extension, and Cyber Hub in Gurugram. However, the social infrastructure is developing at a remarkable pace, thereby increasing the overall liveability of the region significantly.

New Gurugram is connected with a slew of 4-star & 5-star hotels including Radisson, Holiday Inn, Hyatt Regency, etc. through DXP. There are numerous malls including Sapphire Mall (93, 90, 92), Vatika Town Square, and Gallexie-91. Besides, there are plenty of fine dining cafes, F&B outlets, shopping complexes, etc. to meet the growing demand of the residents. There are new schools, hospitals, and multi-speciality healthcare centres planned in the region.

Another added advantage of New Gurugram is the presence of plenty of greenery, natural beauty, and open spaces, which add to the overall quality of living. In New Gurugram, upcoming residential communities, commercial catchments, and retail zones exist alongside natural landscapes, greeneries, and woods. The region is also close to Aravalis and Sultanpur Bird Sanctuaries.

So the next time when you are considering buying a property in Gurugram, a visit to the New Gurugram region might be well worth your while. Check out some of the properties in the locality & you might come across the ideal home you’ve always sought.