Being one of the largest cities in Haryana, Gurgaon houses a substantial cosmopolitan population from all over India and abroad. The city is a major IT and BPO business center, brimming with a plethora of famed institutions such as DLF, Siemens, and General Electric, which makes it a popular and lucrative investment hub.
With a bustling nightlife and the presence of employment opportunities, Gurgaon has managed to attract a large number of prospective home buyers from all over the nation.
New Gurgaon
One of the most coveted real estate destinations in Gurgaon, New Gurgaon is steadily emerging as a preferred residential destination for many. With a large number of upcoming residential and commercial projects, the area is gradually becoming a hot-selling investment destination that enjoys seamless connectivity via NH-8 and Dwarka Expressway.
Comprising of a mix of ready-to-move-in and under-construction projects, New Gurgaon is also a booming commercial hub for several start-ups and small-to-medium enterprises (SMEs).
Comprising of Sectors 58 to 115, New Gurgaon is juxtaposed to three major highways viz. Dwarka Expressway (also known as Northern Peripheral Road or NPR), NH-8, and the Southern Peripheral Road (SPR). The locality is also in proximity to the Indira Gandhi International Airport (IGIA) because of which even the reputed developers are coming forward to transform this area into a living paradise.
The investors are also willing to invest in the locality. Due to easy accessibility from all directions, proximity to the airport, and the presence of famed developers, New Gurgaon has steadily emerged as a popular choice of homebuyers.
Popular Projects in New Gurgaon
- Bestech SansKruti
- DLF Garden City
- Smart World – 89
- M3M Solitude
| Locality | Average Home Prices* (per sq ft) | Average monthly rentals for a 2 BHK unit** |
| New Gurgaon | Rs 4,100-5,100 | Rs 11,000-15,000 |
Golf Course Extension Road
Yet another emerging location with continuous infrastructure development, Golf Course Extension Road has developed into one of the most sought-after residential corridors with average capital values hovering between Rs 7,500 per sq ft and Rs 8,700 per sq ft.
The locality is well-connected to National Highway 8 and is in proximity to the Indira Gandhi International Airport. With well-developed social amenities, entertainment hubs, and the presence of reputed schools, hospitals, recreational centers, and local markets, Golf Course
Extension Road has garnered healthy attention from homebuyers and developers alike. Offering residential inventory in different budget categories and marked by the presence of township projects by reputed developers, the area has witnessed consistent price appreciation along with robust demand for high-end luxury projects.
Golf Course Extension Road is one of the emerging localities in Gurgaon that has witnessed massive residential and commercial developments. There are many prominent developers in this region. Moreover, a number of ongoing projects here are on the verge of completion now.
| Locality | Average Home Prices* (per sq ft) | Average monthly rentals for a 2 BHK unit** |
| Golf Course Extension Road | Rs 7,500-8,700 | Rs 22,000-27,000 |
Popular Projects on Golf Course Extension Road
- Royal Green Heights
- AIPL – Joy Gallery
- AIPL – Joy Square
- Smart World – 61
Southern Peripheral Road
An important link connecting Faridabad-Gurgaon Road, to Golf Course Extension Road and Delhi-Gurgaon Expressway, the Southern Peripheral Road (SPR) is emerging as a posh housing cluster having a perfect mix of residential and commercial properties. Excellent connectivity to famed commercial hubs and the developed regions of Gurgaon makes this area a lucrative option for institutional and commercial development. Sectors 74, 75, and the front belt of 71 and 73 are in particular very popular among homebuyers.
Located in proximity to renowned educational institutes and commercial spaces, such as DLF Corporate Greens, SPR is also well-linked to the Dwarka expressway through the National Peripheral Road. Having a large number of affordable and luxurious projects in its vicinity, the region is expected to witness exponential growth in the years to come.
| Locality | Average Home Prices* (per sq ft) | Average monthly rentals for a 2 BHK unit** |
| Southern Peripheral Road | Rs 5,600-6,500 | Rs 10,000-13,000 |
Popular Projects on SPR
- BPTP Green Oaks
- AIPL Peaceful Homes
- M3M Escala
- Tata Primanti
Dwarka Expressway
Seamless connectivity to Delhi and the international airport along with key office destinations in Gurgaon makes Dwarka Expressway one of the prominent destinations for IT Companies and a sought-after locale on the residential front too. Well-planned urbanization, upcoming social infrastructure, proximity to aerocity, presence of reputed developers, including ATS Group, Puri Constructions, Sobha Developers, Experion, and Mahindra along with affordable price rates makes this place one of the most preferred real estate destinations for investment in Gurgaon. Several delays, however, in the completion of the stretch and delayed project deliveries have kept home prices along the stretch under pressure for years. The project is scheduled for completion in 2022. Basically, Dwarka Expressway is an excellent choice for people who wish to invest with a horizon of 3-5 years.
| Locality | Average Home Prices* (per sq ft) | Average monthly rentals for a 2 BHK unit** |
| Dwarka Expressway | Rs 4,600-5,700 | Rs 10,000-13,000 |
Popular Projects on Dwarka Expressway
- M3M Capital
- Hero Homes
- Shapoorji Pallonji Joyville
- Godrej Summit
Sohna Road
Located to the South of Gurgaon in Haryana, Sohna Road has been one of the fastest-growing residential belts with adequate infrastructure and commercial hubs in and around the locality. The region enjoys excellent connectivity to several developed areas of the city, which include the Golf Course Extension Road and Netaji Subhash Marg. Moreover, the region also enjoys easy accessibility to Delhi (51 km approx.), Faridabad (42 km approx.), and other regions of NCR.
It is in proximity to a plethora of prominent institutions, schools, healthcare units, and banks via an excellent network of railways and roadways. Dotted with a wide range of residential projects in various budget categories, the area houses over 4,500 projects with over 70 percent ready-to-move-in.
| Locality | Average Home Prices* (per sq ft) | Average monthly rentals for a 2 BHK unit** |
| Sohna Road | Rs 5,000-6,800 | Rs 16,000-21,000 |
Owing to the massive ongoing construction and a simultaneous focus on infrastructure development, Gurgaon is considered an investment hub for both new and seasoned homebuyers. With continuous commercial growth, the localities mentioned here are considered to be some of the lucrative options for residential investments in the city.
Popular Properties on Sohna Road
- Central Park Flower Valley
- M3M Sierra
- Godrej Nature Plus
- Signature Global Park
*Average home prices depict ‘ask’ prices of apartments for both new unit and resale categories.
**Average monthly rentals depict ‘ask’ rates in residential leasing.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Golden Assets does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
