Buying property in Gurgaon Ext

Touted as an emerging real estate hotspot in the Delhi NCR, Gurgaon Sohna Road is the cynosure of all eyes. One of the fastest growing stretches on the outskirts of Gurgaon, Sohna, which has acquired the name of ‘Gurgaon extension, is the place for residential and commercial developments in the coming days.

As real estate in Gurgaon is at its peak after having experienced a boom, the next destination developers and investors are looking at is the fast developing Sohna. The area offers all types of housing – LIG, MIG, affordable, luxury, super-luxury, duplex, independent, et al.

The boom in this area’s real estate market is mainly because of fast upcoming modern townships and industrial developments at various sectors of Gurgaon and also the increasing number of industrial model township (IMT) projects at places like Dharuhera, Manesar and Bhiwadi.

According to industry experts, After Gurgaon, Gurgaon Ext, as it is called, will be the next real estate destination in this region and the superior demand to commercial and residential spaces is testimony to this claim.

Gurgaon extension has a variety of segments to offer for realty seekers on either side of the road such as residential apartments, commercial spaces, villas, group housing townships, retail and IT parks.

Leading real estate developer Raheja has a large chunk of land, which they have acquired in 2009-2009. Perhaps they are one of the first among many to launch a project named Aranya, on a land bought under the old master plan. Planned to be an integrated township, the site is close to IMT in Sohna where a 1,700-acre industrial estate is going to be put up by the Haryana government.

On investment point of view, one would get double his/her ROI once IMT Sohna becomes a reality. Since, Delhi-Mumbai dedicated freight corridor is close by, and coming up of all infrastructure and mega industrial estate along the KMP corridor will add more value to the investments here.

Another major realty player who will be launching their project shortly is Gold Souk Group. They have a huge land bank here and will soon come up with multiple projects. “The new realty hub is ideally located with Gurgaon and Faridabad can be reached at ease. With the KMP Expressway linking NH8 to NH2, the trio to witness real estate boom in the coming days,” says Ashish Gupta, Joint MD of Gold Souk Group.

ILD International Land Developers will soon launch a residential project here. Central Park and Avalon are the other developers who are planning residential projects in the Gurgaon Extension belt.

Accessibility and connectivity are the two major factors attracting builders to launch their projects on this long stretch. Occupants can also enjoy panoramic view of the Aravalis and enjoy the nature.

Due to its accessibility from the Golf Course Road, NH-8, the Delhi airport, Delhi and other NCR localities as well as for its good connectivity with forthcoming KMP Expressway, several new projects are being coming up along the Gurgaon-Sohna Road.

“Southern Peripheral Road, which connects NH 8 to Golf Course Road and South Delhi is being made. The proposed IMT Sohna will be the next big industrial park in the area after IMT Faridabad and IMT Manesar. Over and above, the master plan for Gurgaon Extension (Sohna), which has been announced recently, will provide a logical expansion to the Gurgaon realty.

Well connected to Educational institutes in Gurgaon like KR Mangalam University, GD Goenka etc., Gurgaon ext will be beneficial for potential residents with the presence of MMTC Refinery adding up to the development. Also, the Gurgaon Extension has emerged as a location for affordable housing for LIG and MIG sections. ‘These developments will surely create a lot of interest here,” says Ashish Gupta, JMD, Gold Souk Group.

To make the area a new real estate hub, HUDA has prepared a new road map for Gurgaon-Sohna Road, which was built in 2008, to ease the traffic movement. The existing road will be widened to 60 metres and a footpath will be laid on both sides of the road.