February 29, 2024 |
New Gurugram: A Real Estate Hotspot in NCR
New Gurugram’s unbeatable combination of affordability, connectivity and endless potential makes it more than just a suburb.
In the bustling streets of Gurugram, amidst the honking of cars and the rush of daily life, lies a hidden gem capturing the hearts of investors and homebuyers alike – New Gurugram.
Picture this: a vibrant blend of sleek high-rises and sprawling gated communities set against the backdrop of a city on the rise. It’s not just a suburb; it’s a promise of modern living at its finest, where every corner tells a story of growth and opportunity.
Step into New Gurugram, and you’re greeted by a world of possibilities. Strategically nestled between Gurugram and Manesar, this dynamic hub boasts not only modern amenities but also connectivity that’s second to none.
New Gurugram includes sectors 80 to 86, 88 to 93, 95, & 95A. But it’s not just about convenience – it’s about the pulse of the place. New Gurugram isn’t just a spot on the map; it’s a community in the making. Wide, inviting roads welcome you with open arms, promising a hassle-free commute and a sense of belonging that’s hard to find elsewhere.
Connectivity plays a pivotal role in New Gurugram’s charm, with excellent road networks via NH 48, Dwarka Expressway, and CPR ensuring swift and seamless access to key destinations. Moreover, its proximity to the international airport via Dwarka Expressway and upcoming infrastructural developments such as the Gurugram Interstate Bus Terminus and Gurugram Heliport Hub further enhance its connectivity quotient.
The wide internal roads of New Gurugram facilitate smooth traffic movement, ensuring hassle-free commuting experiences for residents and visitors alike.
And let’s talk about affordability. Here, luxury meets affordability, with a diverse range of residential and commercial properties that cater to every budget. The average price range of residential properties spans from Rs. 6,900 to Rs. 14,000 per sq ft. The price of commercial properties ranges from Rs. 14,900 to Rs. 40,000 per sq ft.
But what truly sets New Gurugram apart is its spirit of growth. Despite the challenges of recent times, this vibrant suburb has continued to flourish with remarkable growth. And with projections hinting at even more promising returns in the years to come, investing in New Gurugram isn’t just a smart choice – it’s a leap of faith into a future brimming with possibilities.
New Gurugram’s quarter-to-quarter growth rate, in terms of capital appreciation, ranged from 5% to 18%. The average rental yield ranged from 6% to 10%, with projections indicating a potential surge beyond 15% by 2027. Over the past five years, sectors within New Gurugram have experienced a significant price appreciation of 70% to 100%, with robust growth particularly evident post-2021, despite the challenges posed by the pandemic.
And speaking of the future, the best is yet to come. With exciting infrastructural developments on the horizon – think of a new ISBT at the NH-8 junction, alongside residential and commercial projects that redefine luxury – New Gurugram is poised to emerge as the crown jewel of the NCR.
So, whether you’re a savvy investor looking for your next ample opportunity or a homebuyer in search of a slice of modern paradise, look no further than New Gurugram. Its unbeatable combination of affordability, connectivity, and endless potential makes it more than just a suburb – it’s the future of urban living.
Source : FE
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