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New Gurugram: The latest hotspot in NCR for Real Estate Projects

Situated between Gurugram and Manesar in Haryana, New Gurugram has emerged as an alternate real estate option for property seekers from Gurgaon and beyond. Comprising of Sectors 76-86, 89-93 and Sectors 82A, 88A, 89A, 95 and 95A, New Gurugram offers a range of residential properties at rates more affordable than neighbouring Gurugram.

As per ANAROCK research, average property prices in New Gurugram have appreciated by nearly 5% over the last four years – from INR 5,980 per sq ft in 2017 to nearly INR 6,275 per sq ft presently in comparison to a few markets that saw prices fall during the period.

New Gurugram’s proximity to Delhi's IGI airport, Huda City Centre metro station, New Delhi railway station and excellent connectivity to Golf Course Extension Road, Gurgaon-Sohna Road, NH-8, Southern Peripheral Road, Multi-Utility Corridor, Central Peripheral Road, SPR Extn. Road and KMP Expressway, among others, are acting as business magnets for the region. Recently Haryana's Chief Minister has announced the shifting of Kherki Daula Toll within a period of 6 months along with many other infrastructure projects in the region to attract developers to build more in the region. Prices of housing projects have substantially increased and residential options for senior executives from premium corporates with offices in Cyber Hub, IMT Manesar, Bawal SEZ in New Gurugram are gaining traction. This can be gauged from the fact that high-end gated townships like DLF Gardencity which offers a distinctive mix of luxury, as well as premier housing, are preferred by many including employees working in Manesar and expatriate residents working in Japanese and Korean companies.

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