real estate investment: series of real estate hotspots: an emerging residential area in Delhi NCR

In this week’s ET Wealth real estate hotspot series, we take a look at an emerging New Gurugram residential destination, Gurugram. The area covers the settlements of New Gurugram, Sector 95A, Sector 84 and Sector 76 of Gurugram. The locality has a good mix of move-in ready and nearly completed residential projects from well-known developers. It has excellent connectivity to Manesar, Central Gurugram and Delhi via NH-48, Dwarka Expressway and Southern Peripheral Expressway (SPR). It has the key social infrastructure such as Delhi Public School, Xavier High School and Genesis Hospital.

New Gurugram is 27 KM from the airport, 16 KM from the nearest railway station and 3 KM from the NH48. The price range of apartments in the area is between Rs 3,700 per square foot and Rs 7,000 per square foot. The average cost of 2 BHK is Rs 62 lakh, 3 BHK is Rs 92 lakh and 4 BHK costs Rs 1.28 crore.

Locality values

Strong points

  • New Gurugram is an emerging residential destination comprising areas 76 to 95A in Gurugram
  • Good connectivity to Manesar, Central Gurugram and Delhi via NH-48, Dwarka Expressway and Southern Peripheral Expressway (SPR)
  • The micro-market offers a good mix of ready-to-move-in and nearly-completed residential projects from well-known developers
  • Presence of key social infrastructure such as Delhi Public School, Xavier’s High School and Genesis Hospital

Supply by BHK

Consumer preference by budget

Consumer preference by region
  • Schools 20+
  • Hospitals 10+
  • Restaurants 10+
  • Banks 10+
  • Groceries 20+
  • Fuel Pumps 10+

Source: Magicbricks