“Your life does not get better by luck. It gets better by a change of strategy, thought and action. The foundation of real estate is built on this transformative cornerstone. India’s version of Singapore—Gurugram—is a developer’s marvel in the urban canvas because of the magic of technology, visionary infrastructure and a global outlook.”
-- -- Rachna Sharma, CEO 333Acre Group
You don’t have to be a youngster or be super rich to aspire for a world class property in Gurugram. All you need is : passion, intelligent planning, research and an open outlook to the future. This is the greatest learning that every wise investor right from a young professional, self employed/established entrepreneur, corporate honcho or retired person has gleaned in the burgeoning millennium city where land parcels have transformed into world class living and work spaces, over the last 15 years.
Gurugram boasts of the third highest per capita income in India besides being home to over 500 companies, top line schools and education institutions. High class civic infrastructure, security, paved roads, well entrenched basic amenities like water, power, excellent road, rail and metro transportation networks have made Gurugram a much desired property destination.
It’s connectivity to Delhi, proximity to the Indira Gandhi International Airport and presence of some well established industrial units like Hyundai, Maruti Suzuki manufacturing plant have spurred the city’s growth. Additionally ingress of world class living spaces in luxury, super luxury and affordable housing alongwith entertainment hubs in DLF Cyber City, top line malls and entertainment zones like Kingdom of Dreams have made this city very ‘in.’Recently, the BJP Government announced that Gurugram is being considered for smart cities competition. On the RERA front, the state government is mulling notification of rules for greater transparency and accountability. The city is now spreading its horizons to neighboring sectors and areas like Sohna Road. The 333Acre Group outlines the reasons why property in Gurugram is a wise choice for now and future:
Reality Majors: Presence of realty giants like DLF Ltd, Shobha Developers, Supertech,
Ansals, Unitech, Vatika, Orris, Lotus Greens, etc.
Eclectic property mix: From low income groups, middle class to niche buyers.
There’s a home for everyone.
Office Hotspots: Cyber City, Sohna Road, Udyog Vihar, MG Road, Golf Course Road.
Residential Hotspots: New Gurgaon, Sohna Road, DLF Phases 1 to 5, Golf Course
Road Extension, Sector 107, Dwarka expressway-Gurgaon Link.
Circle Rates: The registration of commercial property is approximately Rs 85,000 per
square feet from Rs 1 lakh per square feet. The floor rate in HUDA sectors is approximately Rs 3,850 per square feet. More connectivity: Gurugram’s connectivity via NH 8, upcoming Dwarka Expressway and Kundli-Manesar- Palwal (KMP) Expressway is very crucial.
Proposed Delhi-Panipat and Delhi-Gurugram- Rewari-Alwar corridors will allow trains to speed up to 160 kilometers km.
Entertainment hubs and activity centers alongwith top schools in the country.
In this backdrop, digitisation is also set to play a major role in Gurugram’s growth. “The state government has allocated a substantial amount towards digitisation and power sectors that are vital for Gurugram's growth. Trying to ensure that there is a fillip for cash transactions, Finance Minister Captain Abhimanyu mentioned that all government transactions over Rs 5,000 will now only be done digitally.”—state the media reports.
As Gurugram accelerates towards more urbanisation, the New Gurgaon is the next major destination with launch of approximately 51,000 residential apartment units across at least 95 projects. This area comprises sectors beyond the second toll plaza on NH-8, which are located on the highway on either side of it or which are accessible through it through internal sector roads. Gurugram mirrors the magic of urbanisation with technology where aspirations and ambitions meet the reality of hard work and passion.
The 333Acre Group conducted an extensive survey in Noida to study what made the city most sought after. Here are some current and future findings from our survey that make property in Gurugram a sensible investment option:
333acre conducted a survey amongst the youth, senior citizens, residents, employers, developers, government officials, corporate, industry and entertainment centers at Gurugram.
Here is the score card which explains why Noida is a preferred real estate destination for now and the future:
PARAMETER SCORE TOTAL
1. Infrastructure 9/10
2. Connectivity 8/10
3. Employment 10/10
4. Education 9.5/10
5. Healthcare 8.5/10
6. Entertainment 9/10