With property prices in Gurgaon touching sky-high, many prospective homebuyers who are looking to buy their dream home in Gurgaon are moving towards new areas around the Millennium City. These areas are being developed at a fast pace and are attracting many developers and home buyers due to good connectivity, well-developed social infrastructure and not so high property rates.
Among these areas, New Gurgaon has emerged as a residential Hubspot among homebuyers. The area enjoys thriving and smooth connectivity via three highways and expressways- KMP expressway, HN-8, and Gurgaon-Dwarka Expressway. Railway station and the international airport are also in close vicinity to the area.
New Gurgaon comprises of two clusters- sectors 81 to 95 A and sector 102-114. The area is home to modern and wide roads, renowned schools, hospitals, malls, and recreation centres. Due to seamless connectivity, many leading developers have invested in this region to develop affordable and luxury housing projects here. Some of the prominent developers present in this area are Bestech, Mapsko, Vatika, DLF, Godrej etc.
The average property rate of a residential unit in New Gurgaon is Rs 5073 per sqft. However, one can also get an apartment at a minimum cost of Rs 3930 per sqft here. One can easily get a 2, 3 and 4 BHK residential unit that easily fits into homebuyer’s pocket.
According to real estate experts, the property rates in New Gurgaon are still at a lower slab, so currently it is the best time to invest in a property here. Also with rapid infrastructural development, the price of the properties will shoot up in another 2-3 years making it another hi-end investment destination.