Friday, March 1, 2024
HomeFinance5 realty hotspots in Gurugram with promising investment potential

5 realty hotspots in Gurugram with promising investment potential

Investment Potential: The dynamic real estate market in Gurugram offers investors promising prospects in a multitude of industries. This article examines five hotspots that have good investment potential based on their closeness to important amenities, impending construction, and current market trends.

1. Sectors 102 to 114: The Gateway to Delhi

Situated close to the border with Delhi, sectors 102 to 114 offer convenient access to the capital.

Connectivity is improved by the Dwarka Expressway, which runs parallel to NH 48 and is expected to open in Gurugram Packages 3 and 4.

Price Projection: The current price range for residential areas is between Rs 18000 and Rs 20000 per square foot, with a 15% increase predicted in 2024.

Future Developments: Sunil Choudhary, Founder of Kashish Group, discusses the upcoming developments, saying that “easy connectivity from west and south Delhi will benefit residential and commercial areas.” Employment opportunities in this area will be provided by Yashobhoomi and the upcoming DDA IT Park in sectors 26, 27, and 28.

2. Sectors 82 to 90: Industrial Hub Integration

Proximity to Manesar: These sectors strategically align with the Manesar industrial area.

Commercial Growth: According to Pradeep Mishra, Founder of Homents Pvt Ltd, “Upcoming commercial sectors (74A and 75A) are poised to attract multinational companies, creating job opportunities and bolstering residential demand.”

Infrastructure and Habitation: 40% of social infrastructure is developed, whereas 60% of habitat is in place.

Prices are expected to rise from Rs. 10,000 to Rs. 12,000 per square foot to between Rs. 15,000 and Rs. 18,000 per square foot.

Read also: GIFT City’s Real Estate market is booming : Gujarat

3. Sectors 74 to 80: Green Living and Job Opportunities

Green Spaces: Residents have access to large green spaces via the Leopard Trail and golf courses.

Connectivity: Being close to NH 48 and the Manesar industrial area makes getting to Delhi easier.

Commercial Development: The creation of jobs in sectors 74A and 75A will increase demand for homes.

Price Outlook: In 2024, an annual return of 15–18% is anticipated, with prevailing rates ranging from Rs 12000 to Rs 18000 per square foot.

4. Sector 66: Luxury Living and Connectivity

About 65–70% of the area is inhabited.

Connectivity: Golf Course Extension Road provides excellent connectivity, and the location is strategically close to the Gurgaon-Sohna Highway.

Recreational options include the Kingdom of Dreams, Tau Devi Lal Biodiversity Park, and prestigious educational institutions.

Market Dynamics: According to Mishra, “developers are introducing super luxury apartments with a strong focus on rental opportunities to meet growing demand.”

Price Outlook: In 2024, an annual return of 12–15% is projected, with prevailing rates ranging from Rs 16000 to Rs 17000 per square foot.

5. CPR Road: Future Growth on Central Peripheral Road

Connectivity: Excellent connections via NH 48 and the Dwarka Expressway.

Future Development: HSIDC is currently working on a global city development, which is anticipated to have a major positive impact on sectors 36A and global city.

Price Projection: With a projected increase of 10 to 15%, current prices per square foot range from Rs 18000 to Rs 20000.

Jobs: Having access to commercial centers promotes residential development and creates job opportunities.

“Proposed metro connectivity is much needed for this area,” says Manish Jain, MD of Santur Group, emphasizing the critical need for it in Sector 113. In addition to offering public transportation, it will guarantee simple access between the commercial hub of Gurugram and Delhi.

Read also: Best modern asset classes For 2024 Investing

In conclusion, these five hotspots in Gurugram offer strong investment opportunities thanks to their proactive developments, improved connectivity, and mix of residential and commercial offerings. However, Mishra advises investors to carefully consider the distinctive qualities of each area and match their investment strategies with the anticipated growth and development in the area.

Disclaimer: The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon. Also, www.finnbuzz.com and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Top News

Recent News