New Gurgaon is quickly being recognized as a lively residential and commercial center because of its affordable property, growth in infrastructural development, good connectivity and potential growth developments.
Rohan Sharma, the associate director of the research and real estate service, JLL India, said that New Gurgaon is among their identified growth places for residential places in Gurgaon. Another place considered in the same category is Dwarka Expressway.
Sharma added that there are more than 50,000 residential units that have been launched in the region as of the moment. According to one of the studies by JLL India, apartment prices have increased in the past several years but remained approximately the same for 2014. The projects in New Gurgaon have improved in value due to affordable housing projects and then gradually going to middle and premium housing properties. The place seems to remain as among those that have comparatively affordable residential units, which has experienced healthy sales in the past years.
At the present, there are almost 4,000 residential units that are completed and given over to their respective buyers and another almost 40,000 apartments are to be given to buyers in the next three years. This activity is expected to bring in sufficient foundation for prospect developments in terms of retail centers that have been created as part of township projects.
Sharma also mentioned that New Gurgaon is a great place to invest in real estate because of two other factors: accessibility and good connectivity. There are future projects including KMP Expressway, DMIC and internal roads to different centers of excellent that will help develop the region even more.
There are also planned and ongoing township projects in New Gurgaon such as Lotus Greens, Ramprastha, DLF and Orris.