Which are the best areas for investment in real estate in Gurgaon 2023?

Gurugram is home to great institutions, business hubs, numerous malls, renowned schools, and colleges, all of which help to ensure a high-quality standard of living. Since all of the areas in Gurugram are experiencing similar growth, it can be challenging for an investor to choose the ideal location to invest in or to buy property in Gurgaon for personal use. We have put together a list of our favorite options in Gurugram based on quality of life, accessibility, and future potential.

1) New Gurugram

New Gurugram is a planned city situated in the state of Haryana. New Gurugram extends from Sectors 102 to 113 and Sectors 76 to 95.

New Gurgaon is in close proximity to several important and well-connected highways including the Dwarka Expressway, NH-48, Pataudi Road, Kundli-Manesar-Palwal (KMP) Expressway, and the upcoming JMD (Jhajjar-Mehraula-Dhankaw-Moradabad) Expressway. It is approximately 20 minutes’ drive to the industrial townships of Dharuhera and Bhiwadi, as well as 5 minutes’ drive to IMT Manesar. Moreover, New Gurgaon is about an hour’s drive from the IGI Airport.

Average price hovers around Rs. 6000 – Rs 10,000/Sqft. There is a significant amount of interest from investors and end-users alike in New Gurgaon as a consequence of its closeness to major employment hubs, industrial hub Manesar, affordable cost, and growing social and physical infrastructure. The affordable housing segment is expected to play a significant role in driving the real estate market in the region. There are numerous infrastructure projects in the pipeline, and the future looks bright and optimistic for this area.

2) Golf Course Road

Golf Course Road is seen as one of the most extravagant and exclusive regions in the NCR region, home to high-net-worth individuals, and executives of multinational corporations. Its sectors include 27, 43, 42, 54, 53, 55, 56, and DLF City Phase 1, 2, and 5. It has great connectivity to the business parks, and it scores high on social amenities with high-quality schools, numerous specialty hospitals, plenty of shopping malls, and some of the top eateries in the area.

Golf Course Road is connected to three major thoroughfares in Gurgaon; it is connected to Golf Course Road Extension, which is connected to Mehrauli-Gurgaon Road and Sohna Road, which are two of the most important corridors in the area. The nearest rapid-transit stations are M.G. Road Metro and Sikanderpur Metro Station, both of which are located on M.G. Road, while Indira Gandhi International Airport is approximately 18 kilometers away and Gurgaon Railway Station is approximately 13 kilometers from Golf Course Road.

Property prices in GCR can be found between Rs. 14,000 Sqft – Rs. 20,000 Sqft. With the current trends and presence of Grade A office spaces and high-end luxury projects, GCR is expected to retain its position of being the most sought-after real estate destination in the coming years, as well.

3)  Sohna Road

Sohna is a significant tourist attraction because of its idyllic surroundings consisting of the Aravalli hill range and the presence of lakes and temples. Moreover, its close proximity to industrial belt, exceptional connectivity, and affordable ticket sizes have made Sohna a prime real estate destination. The place is being developed as per the Master Plan 2031.

Sohna Road, a growth corridor, has property prices ranging from Rs 5,500 per sqft to Rs 9500 per sqft. The area enjoys exceptional location advantages, is situated near flourishing commercial and business hubs, has affordable housing options available, and enjoys great road connectivity. All of these factors are expected to attract a lot of investors in the area in the next few years.

4) Dwarka Expressway

As per the Master Plan 2021, Dwarka Expressway was built to provide direct connectivity from Palam Vihar to Dwarka. It was then extended to Kherki Dhaula toll plaza as per the Master Plan 2025. Now, the road connects Delhi and Manesar with seamless connectivity. There are only two roads in Gurugram connecting the city with Delhi, namely Dwarka Expressway and Mehrauli-Gurugram Road. The entire road is 150 meters in width and 18 kilometers in length and passes through sectors 109, 99, 105, 37D, and 113. These sectors have seen a significant rise in both demand and supply in recent times.

Located just 30 minutes away from Dwarka Expressway is the Huda City Centre metro station, which is also close to the IGI Airport, Cyber City, and other major business hubs. It also has excellent road connectivity to the industrial areas in Manesar. 

The price of the property in the regions near Dwarka Expressway is in the range of Rs 4,500 to Rs 8,400 per Sq-ft. Also, with the majority of Gurgaon’s commercial real estate locations reaching peak saturation, Dwarka Expressway is regarded as the next IT-ITes hub owing to its closeness to the airport and cheap costs. he sustained increase in capital values in the past few years forecast a promising future.

5) MG Road

MG Road is one of the most significant commercial hubs in Gurugram and is home to a large number of software companies. It has witnessed significant growth in the last few years because of its close proximity to other commercial districts, well-established social amenities, and highly developed infrastructure, not to mention its excellent connectivity.

It is laden with several advantages when it comes to roads and connectivity. The MG Road metro station and Sikanderpur metro station are both located within a radius of 1 km and connect it to the Delhi Metro main line. Additionally, IGI Airport is only 14 km away from MG Road. The price of properties on MG Road range between Rs 8,800 per sq-ft and Rs 15,400 per sq-ft.

6) Sushant Lok Phase 1

As far as residential areas in Gurgaon are concerned, Sushant Lok Phase 1 offers a fantastic blend of plots, high-rise apartments, and builder floors, which makes it one of the best locations to live in the city. The area also boasts of a well-established infrastructure and social services.

Sushant Lok Phase 1 is well connected by MG Road, GCR, and NH-48. This area is connected to the Delhi Metro Yellow Line through Huda City Center metro station and IFFCO Chowk. A short 15 km drive will take you to the IGI Airport, while a 10 km drive will take you to the Gurugram Railway Station.

Price ranges here range from Rs 9,200 per square foot to Rs 16,900 per square foot. Sushant Lok Phase 1 is a well-known name among the investors. It appeals to investors because of its close proximity to DLF Cyber City and Udyog Vihar. Its prime location, the presence of some of the well-known schools like DPS, Amity, etc in the area, its proximity to high-end malls, and great connectivity options are always a big attraction for investors.

7) Southern Peripheral Road

Marked by sectors 55, 56, 57, 50, 49, 58, 61, 62, 65, 66, 70, 71, 73, 74, 75A and 74A, the southern peripheral road has emerged as a flourishing real estate hub, and it comprises both commercial and residential properties. Its close proximity to various office spaces is the primary reason behind the surging housing supply. Southern Peripheral Road connects to GCR, Sohna Road, and NH-48. Property prices in the SPR corridor may range from Rs 5,400 per Sq-ft to Rs 9,400 per Sq-ft.

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