Categories: Projects

New Gurgaon Becoming the Next Hotspot for Investment

New Delhi, December 20, 2017: As of 2011,  Gurgaon is witnessing rapid urbanization and has become a leading financial and industrial hub with the third-highest per capita income in India. The city is expanding rapidly and New Gurgaon has emerged as the ‘destination next’ of the real estate sector.

 There are many factors which contribute to it being a real estate hub. The area enjoys good connectivity through three highways: National Highway 8, Dwarka Expressway (Northern Peripheral Road), and KMP Highway.

“A report by real estate consultancy, Knight Frank India, has identified New Gurgaon as one of the Top 10 residential destinations in India from an investment point of view, up to 2020. It is an emerging real estate destination comprising new areas like Sectors 79, 81, 82, 83-95. The area also has significant forthcoming office supply with several projects planned, and also has the maximum numbers of ready-to move apartment, which enhances its value,” Rahul Singla, Director of Mapsko, said.

Ravish Kapoor, Director of Elan Group, says: “New Gurgaon is fast emerging as a residential and commercial hub in the NCR. It enjoys good connectivity with Dwarka-Gurgaon Expressway, KMP Expressway, and NH-8. Forthcoming infra projects, KMP Expressway and Dwarka Expressway for example, will only give a leg up to the growth of this area.”

“New Gurgaon is also emerging as a new hub of SMEs and start-ups due to established infrastructure and a surge in occupancy rate of residential projects in the area,” Vineet Taing, President of Vatika Business Centre, said.

Vatika Group is mulling to establish Vatika City Centre in New Gurgaon owing to its strategic location on the highway besides the Metro connectivity which is in the pipeline. “We are eager to conclude it, as it will be difficult to get space in Vatika City Centre as soon as the Kherki Dhaula toll moves away,” Taing said.

New Gurgaon is increasingly drawing the attention of  buyers and developers alike so it is headed for a bright future.

Corporate Comm India(CCI Newswire)

Recent Posts

Line Investments & Property SP LLC Triumphs with 21Awards at MECS+R MENA 2024

Riyadh, November 07, 2024: Line Investments & Property SP LLC, a prominent subsidiary of LuLu…

9 hours ago

Intellion Offices by Tata Realty & Infrastructure Ltd Posts 60% YoY Growth in GCC Absorption

First half of FY 25 continued with strong GCC demand with 80% contribution in space…

9 hours ago

Champion REIT Recognised as ‘GRESB Global Listed Sector Leader’

- Sustainability Leadership Shines in 'GRESB Real Estate Assessment' and 'GRESB x HERA Standing Investment…

1 day ago

GCCA India joins hands with Xynteo’s Build Ahead coalition to decarbonise India’s construction sector

Mumbai, November 06, 2024: The Global Cement & Concrete Association (GCCA) India and Xynteo announced…

1 day ago

Sohna emerges as new micro-market in Delhi-NCR; set to add 16000+ residential units in 3 years

New Delhi, November 05, 2024: Haryana’s Sohna is emerging as a new micro-market in the…

2 days ago

Neo Developers Pvt Ltd. Appoints Manpreet Kaur as President – Sales

New Delhi, November 04, 2024: Neo Developers, a leading real estate company has announced the…

3 days ago