Why is Gurgaon turning from green jungles to concrete jungles?

Gurgaon or now converted to Gurugram is one of the oldest cities. The city had a long journey of converting from green jungles with wild animals to concrete jungles with some of the best MNCs and top residential projects. The process of evolving from a jungle to a well-developed city of this ancient city is interesting to the core. But have you ever thought about the reasons behind this drastic change and quick development?

The city is so old that people even tell stories of epic “Mahabharata” here. Some say that Dronacharya was from Gurgaon and this is one of the reasons it is also called ‘Gurugram’. There was a time when city’s condition was far from a place worth living. But the situation started to change after the establishment of automobile company Maruti Suzuki’s plant in Manesar. Realestate in Gurgaon started to change after this and gradually it became one of the largest IT hubs not just in India but in the world.

But the just entry of Maruti Suzuki is not the only reason behind the development of Gurgaon from a jungle with ‘blue cows’ to one of the best places to own a home in India. Here are some more factors that played a vital role in city’s growth and helped it become the ‘Millennium City’.

Shortage of space in Delhi: When builders and budding organizations stopped finding suitable and affordable land in the national capital Delhi, they shifted their attention to the less explored area Gurgaon. To accommodate the huge population in Delhi, residential property in Gurgaon was developed. Proximity to Delhi was one of the reasons people find it a suitable location to live.

Entry of MNCs: Almost every leading IT company today has its office in Gurgaon, which helped in the growth of city’s real estate market. Multinational companies like Wipro, GE, IBP, Genpact etc. started coming to the city. Today Gurgaon has one of the largest “cyber hubs” in India working as a jewel for the city.

Infrastructural development: Infrastructural development of Gurgaon was way faster and better than other cities sharing a border with Delhi. This also contributed to city’s growth as people always like to live at a place with smooth connectivity and social infrastructure like educational institutions, hospitals, markets etc. The government proposed wide roads to ensure smooth connectivity to Delhi and to reduce traffic on roads.

World-class projects: Leading builders launched some of the best residential projects with state-of-the-art amenities. Today luxury flats in Gurgaon can give competition to many international housing projects just because of amazing design and advanced features. Ireo is one of the developers that launched a technically advanced home where everything from opening doors to dimming light and setting curtains, everything happens on a touch of a button.

These are some of the reasons behind the exceptional development of Gurgaon. Today the city has become one of the most sought after locations in India to live, work and study. People from all across the world come here to invest money in real estate and work.

What are things that you need to consider before buy property in Gurgaon?

New Gurgaon refers to the Millennium City's new sectors like 82 to 115 - of course, if you take a drive on any Sunday through these sectors, you'd probably be shocked at the dissimilarities between this area and just how the rest of Gurgaon developed. This section of propertyin Gurgaon has a different story to tell.

The model contemporary lifestyle- The planning of New Gurgaon is such that it promotes a well-balanced life - with less driving a car, less stress, local self-sustenance and better health.

Vast roads- Carriageways are made to manage the traffic today volumes of tomorrow. Just about all of the sector roads in New Gurgaon are built with service roads and have an 84 m wide right-of-way (compared with 48 meters in Gurgaon).

Divided commercial areas residential projects in Gurgaon and commercial sectors are adjoining, yet separate. So, no office blocks in the middle of residential areas, and schools only on roads wide enough to handle the traffic.

Zero encroachments or slums the builders in Gurgaon Manesar Masterplan 2031 is being strictly adhered to, with neatly parceled land for pre-determined uses.

Rapid habitationpProjects are being completed quickly, and home buyers are relocating in numbers that are quite astonishing. New Gurgaon is transforming into a model urban area.

Simply no congestion Traffic flows efficiently and, since roads have been planned based on future requirement, it will eventually continue to do so.

Highway connections of NH-8, NH-8A, Pataudi Road, and the KMP (Kundli-Manesar-Palwal) Expressway give Fresh Gurgaon excellent connectivity and this will get even better by the proposed Central Peripheral {Street|Highway}, (the new link on connecting NH8 to Dwarka Expressway right at Vatika Express City).

Metro and ISBT A Metro link and a new ISBT are coming up nearby the intersection of NH-8 and Dwarka Expressway in New Gurgaon

No ugly power lines as all Electrical cables are all underground. This is more secure, better to maintain, and better in the long term. The power infrastructure is, in fact, ready for the next 6 many years.

The best of education and healthcare, such as MatriKiran, DPS, Modern School and Max Hospitals, are establishing facilities in New Gurgaon.

The best companies in the country, like Google, TCS and GENERAL ELECTRIC, have taken up large office spaces on NH-8. Commuting to these office buildings from New Gurgaon houses will entail negligible work.

New Gurgoan best of all the world’s currently and is ready to offer the best residential in NCR .

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Huda to provide Central peripheral road project to NHAI- which will open new avenues for property in Gurgaon

The Central Peripheral Road (CPR) project will be given to National Highways Authority of India (NHAI), with Huda failing to create 3.2km stretch despite acquiring 102 acres of land for Rs 700 core around six months ago.

A senior NHAI official said the CPR will be constructed along with the remaining part of the N. Peripheral Road (NPR), also known as Dwarka highway. The project head of NHAI said that they are in the procedure of preparing a detailed project report (DPR) for the construction of Dwarka expressway and we consider CPR as part of the expressway. This will creates a easy connectivity to the Realestate in Gurgaon.

The 27km-long Dwarka expressway -- 18km in Gurgaon and 9km in Delhi -- begins from Rangpuri in the national capital and ceases at Kherki Daula small town on NH-8 in Gurgaon. Out of the 18km stretch in Gurgaon, Huda has completed construction of 14. 5km but the remaining portion is unfinished due to the hold up in the rehabilitation of oustees. However, NHAI has already started the land purchase for the Delhi section of Dwarka expressway.

A senior official in government commented that Dwarka expressway has been announced as a national Highway and they have no objection over the road to NHAI. CPR was recommended to hook up NPR with the Southern Peripheral Road (SPR), so we have no objection if NHAI construct this road. Huda is already facing a cash crunch and it might be better if NHAI constructs and maintains CPR as well. He additionally mentioned that Huda will soon hand over the land acquired for the CPR project to NHAI.

The finishing CPR -- which will connect Dwarka expressway with SPR and NH-8 -- will significantly reduce the traffic weight on the  projects in Gurgaon stretch out of NH-8 and will ensure smooth flow of traffic from NH-8 to NPR, NPR to SPR and vice versa.

The road will also reduce the traffic load on NH-8, particularly near Kherki Daula, as vehicles from the Delhi side through NPR will be able to go directly towards Faridabad or Sohna Road through SPR, avoiding the highway. At present, all vehicles that pass through Gurgaon or go everywhere in the metropolis is required to use NH-8, leading to traffic jams in most parts. This will surely be a boon for all of them. With additional presence of road link in the city will benefit the Real Estate developers in Gurgaon.

The Slump is Over, Localities Turning Around Real Estate in Gurgaon

According to experts, realestate in Gurgaon is back and back with a bang. Gurgaon was the backdrop of the largest number of new launches in January of 2017 out performing nine major Indian cities. Close to 4,000 new units were launched in January of this year, which is close to a 168 percent increase over the same period last year. Home sales, or ready to move in inventory has also increased in volume by nearly 18 percent. Considering the dismal state of real estate in Gurgaon over the past two years, the news of rising supply and greater buying and selling of ready to move in property portends great times ahead for Gurgaon property. Owners of real estate in Gurgaon are likely to feel relieved upon hearing this news. The worst hit real estate market in the country may slowly be coming out of its two yearlong slump.

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Localities Driving Change

The localities that have been responsible for the turnaround include Sector 79, 37C, and Shajahanpur, Sector 68, and Sector 70A. For buyers looking for luxury apartments in Gurgaon, these five locations are highly qualified localities. To buy an apartment in Gurgaon at sector 70A one needs to pay nearly 6,600 rupees per square foot. To buy a house in sector 68, the rate for a new home can be as much as 6,100 rupees per square foot. In sector 37C prices are as high as 4,700 rupees per square foot and in sector 79 the rate for a new house is as high as 5,400 rupees per square foot. Only Shajahanpur among these localities offers relatively affordable property in Gurgaon that range in price from 3,450 rupees to 3,650 rupees per square foot.

Builders Back on Track

Numerous builders in Gurgaon are back on track looking back to the old hey days when the Millennium City was a boomtown. One of the biggest builders in Gurgaon is in the process of creating a development that once completed will have 1,144 units for sale. The average price of units in this development is expected to be 4,000 rupees per square foot. Another large and well-known builder in Gurgaon has a project planned that will have close to 450 units at a price point of 3,975 rupees per square foot. Among the builders in Gurgaon one plans to sell 48 plots priced at 2,055 rupees per square foot.