Ever since the developments started around the peripheries of Delhi, one location that attracted the highest real estate attention was Gurgaon. Proximity to the capital city and great supporting infrastructure have placed the location on the top priority list of real estate investors. Some locales within the city that are witnessing true real estate demand nowdays include Sector 68, 47 & 49, 109, 70, 22, Sohna Road and Dwarka Expressway.
However, Sector 47 and 49 have got all the limelight as the top two investment destinations. Proximity to the airport, good connectivity via the Sohna Road and the high return prospects are a few reasons for the growth of these neighborhoods. Also, the ample availability of supportive social infrastructure has welcomed it forward as a preferred residential hub.
What connectivity features does the place offer?
The place is connected to the northern part of the city via the Sohna Road and in the East via the Golf Course Extension Road. The Sohna Road is further directed to the Delhi-Jaipur expressway which is an active 4 lane highway connecting the satellite city to the country's capital. Popular areas like Sector 50, 70 and Badshahpur are nearby. The place also offers unhindered access to the Indira Gandhi International Airport which is why it is attracting much attention of the real estate developers.
What are its advantages as a residential hub?
Gurgaon, which is seen as a really expensive property market, could not meet the needs of a large segment of buyers. They were the ones who wanted to have a home near to the commercial area of the city but could not afford the high property rates. However, the scenario has now become a lot different. A number of builders have come up with their affordable projects in and around Sector 47 & 49 making it possible for the middle class segment to buy a Residential property in Gurgaon. The location is also backed by a full-fledged social infrastructure that makes the lives of the dwellers easier than ever. Proximity to a number of well-known schools and colleges, banks, hospitals and places is the reason why these locales are rising as a top residential hub.
What are its future growth prospects?
Gurgaon is now a well-settled city. The property prices experience an annual average appreciation of about 10% which is almost a regular phenomenon. The locales, emerging as the two most popular real estate hubs, are also expected to go with the trend. The continuous development of infra and convenience facilities will also fuel the value evaluation cycle.
Therefore, these twin locales have good future prospects both as residential and investment destinations. Since, the two are still emerging as premium locales on Gurgaon's real estate map, this is the perfect time to invest in it. This would also give a good deal in the future just by making an affordable investment.
Source by Gaurav Singh