New Gurgaon: The Most Promising Upcoming Residential Hub in NCR

Gurgaon is rapidly developing to become one of the most sought-after locations, especially when it comes to real estate. The New Gurgaon area in NCR is attracting many users, the demand and supply of residential apartments in the area is high and the property here is priced at INR 4,200 – 8,300 per sq. ft. With excellent connectivity through NH-48 and Dwarka Expressway, the locality has become a preferred destination for home buyers. NH-48 is merely 3 km from this location. The various amenities like airport and railway station are 39 km and 15 km away respectively. Presence of 14 schools, 12 hospitals and more than 10 restaurants, 12 grocery stores, 16 banks and 15 petrol pumps are added advantages for the residents.

Apartments are available here, from 1 BHK to 4 BHKs. 1 BHK apartments with 500 sq. ft. area is available for an average price of INR 21 Lakh. You can buy a 2 BHK Flats in Dwarka Expressway with floor area 1,250 sq. ft. here for approximately INR 66 Lakh; while 3 BHK Flats in Dwarka Expressway having 1800 sq. ft. area is available for INR 96 Lakh and 4 BHK apartments with 2,650 sq. ft. area can be purchased at an average cost of INR 1.38 Crores.

The various sectors that come under the New Gurgaon area include Sectors 81, 82, 82A, 83, 84 and 86. The purchase price per sq. ft. and the rental per month in these sectors are summarized as below:

he highlight of this locality is that it is made up of a mix of Ready to Move Project in Dwarka Expressway and nearing completion of Residential Projects on Dwarka Expressway. Apart from the residential options available, the location also serves as a commercial hub with several small and medium enterprises and start-ups coming up in the region. There is considerable development in the area in terms of social infrastructure like schools, shopping complex, hospitals, etc.

The consumer preference when it comes to the budget is –

• 19% prefer a house in the 0-25 lakh budget
• 5% prefer the 25-50 lakh budget
• 28% would like to buy property in 50-75 lakh range
• Nearly 28% can buy property in the range of 75 lakh – 1 crore
• 12% would like to buy property in the budget of 1-1.25 crore
• Just 8% would like to buy property above 1.25 crore.

Consumer preference for apartment size is as follows –

• 1 BHK is preferred by 18% of respondents
• 15% of people preferred a 2 BHK on Dwarka Expressway
• 3 BHK was the most popular choice with 56% preferring it
• 11% of people liked to own a 4 BHK Flats in Dwarka Expressway

When it comes to the size of the apartment, the consumer preference was –

• 13% preferred covered area below 1,250 sq. ft.
• 16% preferred an area between 1,250 and 1,500 sq. ft.
• Covered area between 1,500-1,750 sq. ft. was preferred by 25% of people
• Maximum percent (32%) preferred 1,750-2,000 sq. ft. area houses
• 5% people wanted an apartment with 2,000-2,250 sq. ft. area
• 9% of people polled preferred to have floor area above 2,000 sq. ft.