The rise of New Gurugram – How this micro market is shaping the future of real estate?
New Gurugram is a rapidly growing micro-market in Gurgaon, Delhi-NCR which is attracting a lot of interest from investors, homebuyers and developers, and realtors alike. The area has seen incredible development in recent years, with new properties being launched regularly. With its excellent infrastructure, proximity to major business hubs, and great potential for appreciation in property values, New Gurugram is rapidly becoming a top choice for real estate investment. This region falls in between Gurgaon and the Industrial Model Township (IMT) at Manesar. It includes sector 76 to 95 and is being developed under the Gurgaon Manesar Urban Complex Plan (GMUC) 2031. These sectors are well-planned, with excellent infrastructure, good connectivity, and a range of amenities and are offering 3 BHK and 2 BHK flats.
One of the key reasons why New Gurugram is such a great area to invest in is its rapid development and growth potential. The area enjoys easy access to the Dwarka Expressway, NH48 and Kundli-Manesar-Palwar (KMP) Expressway. The Southern Peripheral Road (SPR) also plays a crucial role in providing an uninterrupted connectivity across prime localities of Gurgaon. The proposed infrastructure development including the metro and the expressways’ connectivity is giving a new impetus to the residential real estate demand here in New Gurgaon. It is well-connected to Gurgaon via Pataudi Road, NH48 and Dwarka Expressway through Basai Chowk. It is close to Indira Gandhi International Airport and is less than an hour’s drive, which makes it an ideal location for businesses and investors.
The area has an excellent connectivity to DLF Cyber City and major employment hubs of Gurgaon via NH48 and is in proximity to Maruti Suzuki India Ltd. and many other auto/auto ancillary companies at Manesar. International Centre for Automotive Technology (ICAT) which is set up for National Automotive Testing and Research & Development (R&D) is less than 20-minute drive from New Gurgaon.
Gurgaon is a prominent office destination in the NCR region. New Gurgaon lies between Gurgaon and Manesar and employees from these sectors prefer to reside here due to affordable property prices. With future developments on the anvil, New Gurgaon is witnessing heightened residential demand. Development of KMP Expressway as a global corridor with theme cities between Manesar and Gurgaon will provide the required growth impetus to the region.
There are a lot of projects coming up like Smartworld Gems by Smartworld Developer’s which is nestled in one of the most premium locations of Sector 89, New Gurugram, offering the luxury of a low-rise floors and the lifestyle of a high-rise condo. Comprising 2 and 3 BHK homes, the project’s strategic location with its proximity to Dwarka Expressway, Central Peripheral Road (CPR) and NH8 has been one of the key elements that has attracted potential buyers to this project. The key highlight of the project is an exclusive terrace and special My Space that can be used for anything; work from home, study, lounge, library or any other way the customer wants to use it.
The social infrastructure facilities in and around New Gurgaon are rapidly developing with presence of major hospitals and educational institutes. In addition, the Haryana government has been taking steps to promote the development of New Gurugram. The government has set up the Gurugram Metropolitan Development Authority (GMDA) to oversee the development of the region, and also has announced a number of incentives for businesses and investors.
To sum up, New Gurugram is an excellent choice for anyone looking to invest in real estate and is sure to provide high returns in the long run and the builders in Gurugram are excited about the potential growth prospects of the New Gurugram area.