New Gurgaon is planned city in state of Haryana in India with recent development in real estate. The two main Clusters in New Gurgaon along the upcoming Dwarka-Gurgaon Expressway are Sectors 76 to 95 and 95A, and Sectors 102 to 113. For end users & investors, New Gurgaon is an attractive destination to invest. New Gurgaon is well connected with three highways – NH8, Dwarka-Gurgaon Expressway, Kundli-Manesar-Palwal Expressway, Airport, Railway Station and proposed ISBT. Moreover, it is bisected by the National Highway Pataudi Road, which is the most promising upcoming real estate area of Gurgaon.
In past few years, this area has undergone various real estate developments & the majority of the developers have launched various new projects across New Gurgaon such as in Sectors 82, 83, 85, 91, 92, 95A. It has emerged as real estate hot spot which guarantees ROI opportunities with Assured Return & Buy-back schemes. Mentioned below are reasons indicating ROI opportunities:
New Gurgaon, Manesar shows the immense potential for investors as well as for the end users. The price sustainability & appreciation trends of the recent past & also its relative affordability will continue to maintain the investor interest & confidence specifically in commercial & retail segments apart from affordable residential options.
There is an oversupply in the market and transactions have been slow. In such a scenario, the buyers can negotiate for good prices & discounts from the sellers both in the primary & secondary markets. According to the surveys, property prices here have fallen by 6%. With general market trend, the average Capital Value in Gurgaon has seen a decline over last 5 quarters. This decline in price levels is due to various reasons. Now, this segment is no longer active as investors are trying to exit by offering properties at low rates. Other reason for drop in value is that the end user has been wary of infrastructure issues which impacts livability. In terms of development, it will take 2-3 years to evolve into a mature residential hub. As the sales have fallen, therefore, the builders are offering the incentives by way of giving cash discounts & lucrative payment schemes to attract the customers.
Commercial Real Estate is a property that is used for sole purpose of conducting Business. Commercial real estate properties are purchased by Commercial Investors and leased out to the Companies and includes things such as Offices Spaces, Retail Stores, Restaurants & Service Apartments which can also be run as a Hotel. Commercial Real Estate investors, therefore, are long term investors who earn monthly lease income & price appreciation. Like M/s KPDK Buildtech (P) Ltd. announced, AAA scheme is valid on same retail list price at their esteemed project “Newtown Square” at sector-95A, Gurgaon. This AAA scheme ensures that the investor gets earnings on their invested property even after the completion of project, the registry process and can exercise exit option at appreciated rate. Investors will be given assured return up to five years. After 5 years, developer stands to buyback the property. Hence, investor gets double advantage of assured returns and appreciation of investment.
In a nutshell, New Gurgaon is very desirable residential as well as commercial investment location as it has good presence of schools, banks, malls, recreational centres, etc. One of the main factors that draw buyers and investors to this region is its close connectivity with Delhi and other parts of Haryana & Rajasthan.