February 10, 2024 |
Gurgaon’s Upcoming Hubs: Thriving Centers for Investment and Development
Gurgaon is undergoing rapid development, and the city positions itself for significant growth and transformation. Several areas within Gurgaon are transforming into lucrative hubs, offering opportunities and holding immense potential for investors and residents. As the city experiences economic growth, sector 89 and the other sectors in the vicinity especially have emerged as the prime location, presenting compelling investment opportunities. This area is coupled with well-connected infrastructure, positioning the region as an ideal choice for investment. The skyscrapers, rapid urbanization, and strategic location attract businesses, professionals, and residents. The strategic development emerging in this city makes it an appealing prospect for those seeking to capitalize on its upward trajectory.
The upcoming 29-km long Dwarka Expressway is a remarkable example of a significant infrastructure project. The 18.9-km section is in Gurgaon, and the remaining 10.1 km is in Delhi; this 16-lane access-controlled highway will run between Shiv Murti in Delhi and Kherki Daula in Gurgaon and directly link Delhi and Manesar. The signal-free highway will serve as an alternative route to connect Delhi and Gurgaon, diverting 60% of the traffic from NH48, thus substantially reducing travel time and easing congestion for the Haryana and South Delhi commuters.
The Central Peripheral Road (CPR) and the loop connecting the Dwarka Expressway further propel additional development regarding infrastructure, commercial and residential properties, and the region’s overall development. Linking the Southern Peripheral Road (SPR) and Dwarka Expressway, the 3.2 km CPR emerges as a winner in terms of investment.
Global City is another game-changer, spanning over 1000 acres across sectors 36, 36B, 37, and 37B of Gurugram. With a total investment of Rs. 4,800 crore, it features a convention center, residential and industrial zones, and an 82 km mass rapid transit system connecting Gurugram, Manesar, and Bawal. Phase 1 construction is slated to commence in July 2024, offering diverse investment projects.
The Multi Utility Corridor (MUC) will also add a new fillip to the region. The 135-meter-wide MUC is set to become the CPR Extension. Alongside this corridor, essential services and amenities will thrive, including notable healthcare facilities like Aarvy Hospital, Artemis Lite, and Miracle Apollo Cradle. Education opportunities abound with institutions such as DPS, RPS, Saint Xavier, Sharda International, Gurugram University, and Euro International. Commercial sectors like Sector 88, ISBT Sec-84, and IMT Manesar add to the corridor’s vibrancy, supported by major roads like NH-48, Dwarka Expressway, SPR, and CPR.
Garhi Harsaru Junction and Gurgaon Railway Station are the nearest railway hubs. At the same time, major roads such as IMT and Pataudi Roads contribute to the excellent connectivity within the area.
Gurugram, as a whole, presents compelling reasons to invest in commercial property. Key factors contributing to its attractiveness for investors include:
1. Strong Economic Growth: Gurugram is a thriving city with a robust economy driven by the presence of multinational corporations and a burgeoning startup ecosystem.
2. Growing Population: The city’s attractive employment opportunities and vibrant culture have rapidly increased the population, creating a high demand for commercial space.
3. Good Connectivity: Strategic location and well-connected infrastructure make it easy for businesses to establish themselves and for people to commute seamlessly.
4. High Demand for Commercial Space: The growing economy and population have increased demand for commercial spaces, presenting lucrative opportunities for investors.
Overall, as the city catapults into a new era of development, the investment landscape in Gurgaon invites promising prospects for those keen on deriving the rewards of a strategic and forward-looking investment. Thus, Gurgaon’s strategic development and investment opportunities position it as a hotspot for investors looking to capitalize on the city’s dynamic and transformative potential.
Source : FE
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