Is it good to buy property in Gurgaon in 2023?

 

It is no secret that Gurgaon is the place to be for IT, Banking and Finance professionals. Its proximity to Delhi also makes it a desirable location for professionals and their families. Because of this, there is a rapid increase in the number of people relocating to Gurgaon for work. The residential market in Gurgaon has grown considerably over the years. But, does this mean that Gurgaon is a good place to buy property in India? All things considered, yes, and here is why. 

1. Prominent employment hub. 

Gurgaon is one of the most prominent IT and Finance hubs in the country. This has led to the development of robust social infrastructure necessary for living a well-rounded life. There are a plethora of good schools, hospitals and malls which give the people of Gurgaon a comfortable life. The closeness to Delhi also means that the students of Gurgaon have easy access to some of the best colleges and universities in the country. 

2. Above average quality of life. 

The presence of some of the biggest, most profitable Indian and foreign companies in the region has led to Gurgaon having a higher standard of living than the national average. This means that not only are your primary needs of food, clothing, shelter and education met but, your social and emotional well-being are also guaranteed. The city has ample job opportunities for both seasoned professionals and freshers. 

3. High rate of appreciation. 

Gurgaon has the highest percentage increase in the value of residential properties in the country, at 12%, beating out major cities like Bengaluru, Noida, Pune and Mumbai. The city has a large growth potential and can expand even further to support the growing population. This means that now is the right time to invest in Gurgaon and reap enormous profits in the future. 

4. Favourable government policies. 

The Haryana Government and the Municipal Corporation of Gurgaon are taking active steps to make Gurgaon worthwhile for its residents and potential investors. In January 2023, the Municipal Corporation of Gurugram lowered the minimum requirement to register a plot from 200 sq. yards to 100 sq. yards, essentially increasing the number of properties that can be developed on the same piece of land. Similarly, in June 2023, the allotment rates were increased by an average of 20% to encourage further development by builders. 

Some of the best areas to call your home in Gurgaon include Sector 57, Sector 102, Sohna Road, MG Raod and Palam Vihar. With some of the best schools, colleges, hospitals and entertainment options around, Gurgaon is definitely a worthwhile place to buy property in 2023. You are sure to have a comfortable, fulfilling life in a rapidly developing city if you chose to invest in Gurgaon. 

Joville Gurugram is a development worth considering in Gurgaon. With grand 2 and 3 BHK Flats in Sector 102, Joyville Gurugram offers comfort, convenience and community. 30+ amenities in 9 pocket amenity spaces spread over 3 acres make your life a comfortable dream. Smart homes, equipped with high-speed internet in every room, a smart home hub, an emergency panic button, a smart indoor siren and a video doorbell await you at Joyville Gurugram. 

Visit https://www.joyvillehomes.com/joyville-gurugram/ to know more.


Originally Published at - https://realestateandepc.wordpress.com/2023/08/08/is-it-good-to-buy-property-in-gurgaon-in-2023/

Why Dwarka Expressway is an excellent location to invest in?

 

Image Source — Hindustan Times (Delhi govt gives NHAI go-ahead for Dwarka expressway Package-2)

The ever-growing demand for real estate in Gurgaon is majorly owing to the southern half of the city that delivers the promise of excellent social infrastructure and an emerging commercial boom. Located on the southern side of NH 48 is the Dwarka Expressway project that extends as far as 29.10 km. This ambitious transport route is expected to be completed towards the end of 2022 and is already capturing the demand for prime real estate, making it the ideal time to invest and benefit from the emerging growth in the area.

This National Highway Authority of India (NHAI) Dwarka Expressway project will provide a route that connects Mahipalpur (Shiv Murti) in Delhi with Kherki Dhaula via New Gurgaon (Gurugram) in Haryana. With an estimated cost of over Rs.8 crore, it will feature 8 lanes as well as local lanes, over 20 flyovers, 2 rail bridges, 11 vehicle underpasses, 20 underground pedestrian crossings, and a 2.5 m cycle path. With the completion of the Haryana section of this expressway, the connectivity between Gurgaon and Delhi will become seamless.

Wikimapia — https://en.wikipedia.org/wiki/Dwarka_Expressway#/map/0

A strong infrastructure is readily available only the expressway with ain Sant Phool Charitable hospital, AIIMS Jhajjar, and Columbia Asia Hospital in terms of healthcare and institutions such as Imperial Heritage School and the Euro International School. It is also well connected and in close proximity to the Indira Gandhi International Airport. There is also the Manesar Industrial belt, Cyber City, and other prominent business hubs of Gurgaon that are within easy access. Neo Square and First Mall are also upcoming to build a great retail landscape.

Coming to real estate along the Dwarka Expressway, there are plenty of affordable residential apartments up for grabs in the configuration of 2, 3, and 4 BHK. The residential sectors in this area are 83, 84, and 99–113 with promising real estate traction while commercial sectors include 105, 106, 109, 110, 110A, 111, 112, and 113.

This location is currently only about 20–30% occupied by residential projects which indicates great potential for growth. Leading developers are catching on to the real estate momentum of Dwarka Expressway that will create fluid activity between Gurgaon and Delhi. This only adds to the potential of various planned projects and real estate trends in the area.

Joyville Gurgaon Map Location — https://goo.gl/maps/FNqT87nHw94cYwxf8

Joyville Gurgaon by Shapoorji Pallonji at sector 102 offering luxury 2 & 3 BHK Flats on Dwarka expressway starting from Rs. 1.37cr with over 75% open spaces, 31+ amenities^, 9 pocket amenity spaces^. This is Road touch property and you will get all other basic facilities within range of 3 to 5 Kms.

Explore Joyville Gurgaon Project Gallery — https://www.joyvillehomes.com/joyville-gurugram/gallery/

Originally published at http://realestateandepc.wordpress.com on December 14, 2021.

4 Reasons to Buy or Invest in Property on the Dwarka Expressway

Connecting New Delhi which is the capital city of India to Gurugam which is another finance and technology hub, the Dwarka Expressway is an important infrastructural landmark. This means that the projects surrounding this major eight-lane expressway are all valuable real estate opportunities.

That being said, the following are the main reasons why investors or homebuyers should consider looking into properties on the Dwarka Expressway. 

1. A major connector to New Delhi

Also known as the Northern Peripheral Road, this under-construction expressway is already a major connector of Gurugram to other important areas. It is 27.6 km long and has eight lanes connecting to locations like Dwarka in New Delhi, Palam Vihar, Kherki Daula, and further extends alongside the NH-48A.

2. Access to important facilities and infrastructure

The Dwarka Expressway further connects to other parts of the city and country with close proximity to transport facilities like Delhi Metro, Indira Gandhi International Airports, and nearby railway stations. Residents in this area can also enjoy easy access to hospitals and schools along with proper public utility services such as water supply, power lines, and sewage lines. Commercial spaces also have a lot of scope in this millennial city including malls and multiplexes as well as office spaces.

3. An emerging hub with attractive rates

Since the construction of this stretch is still under way, there is still plenty of room to grow while real estate prices currently sit at comfortable rates. This area has a lot of potential for further development which many it an ideal location for long-term investments. Buyers and investors can expect a value for money with the possibility of the value increasing significantly a few years down the line. 

4. Cutting-edge real estate options

Most importantly, home buyers and investors also have a wide range of high-quality, cutting-edge properties to choose from. There are properties from reputable builders such as Shapoorji Pallonji’s Joyville Gurugram and multiple projects by Raheja Developers, TATA Housing, DLF, Indiabulls, and Supertech, among others. This area also has a number of affordable projects under PMAY and HUDA’s residential property in Gurugram.