Monday, 20 January 2014

Next destination of growth

So where would you like to be after you have bought your own house? Where people are moving or where development is moving? It is a difficult question to answer. While development comes at a small premium crowd create cramped spaces.

The national capital region (NCR) has many such residential hotspots where you pay a premium for getting development along with the space. However, at the time of the possession of your property, you find that you get possession along with an overtly populated housing complex. Your developer might have thought of a township project but he might have missed the calculation over the population density. Thus the township you are moving into turns out to be crowded despite spacious apartments.

Very few locations are such where you get ample space with abundant amenities around for each individual. The residential projects in the new upcoming sectors along the National Highway 8 till up to IMT Manesar and those near the Dwarka Expressway offer the mix of both – ample space and abundant amenities. This could be a region well-crafted for urban living.

Christened as New Gurgaon, comprising of 14 sectors, the region along the National Highway 8 offers better infrastructure, wide roads, regular water supply and above all, a number of properties to buy from. The entire region collectively offers more than 21,000 dwelling units across categories. Of these, some are either at the initial stages of construction or some are nearing completion. Very soon the whole region is going to be one of the fully developed areas of the NCR.

In terms of connectivity, the region is Gurgaon is next to the forthcoming metro station and has easy access from NH-8. A number of real estate firms such as DLF Ltd, Unitech Ltd, Ansal API, IREO, Orris Infrastructure, BPTP, Adani Group, Chintels Ltd, Godrej Properties, Sobha Developers, Parsvnath, RahejaDevelopers, M3M, Omaxe, Supertech, Assotech Ltd and Ramprastha are coming up with their projects.

As developers have been allowed to build the sector roads, each of the sectors are well connected with each other and provide ample driving space even when there is little traffic at present. Going by the speed of the construction activity, it is likely that projects will start offering possession of units soon. It is likely that these sectors will witness slight appreciation in near future even when investors and real estate experts are talking about correction in the market. New Gurgaon certainly has a different course of development.

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