Page 38 - Construction & Architecture Update JAN-FEB 2018

REAL ESTATE

New Gurgaon Becoming the Next

Hotspot for Investment

Elan Miracle, Sector-84, Gurgaon
New Gurgaon as

one of the Top

10 residential
destinations in India

from an investment

point of view, up

to 2020. It is an

emerging real
estate destination

comprising new

areas like Sectors 79,
81, 82, 83-95.

s of 2011, Gurgaon is witnessing rapid urbanization Gurgaon is fast emerging as a residential and commercial
and has become a leading financial and industrial hub in the NCR. It enjoys good connectivity with Dwarka-
Ahub with the third-highest per capita income in Gurgaon Expressway, KMP Expressway, and NH-8.
India. The city is expanding rapidly and New Gurgaon has Forthcoming infra projects, KMP Expressway and Dwarka
emerged as the ‘destination next’ of the real estate sector. Expressway for example, will only give a leg up to the
There are many factors which contribute to it being a growth of this area.”
real estate hub. The area enjoys good connectivity through “New Gurgaon is also emerging as a new hub of SMEs
three highways: National Highway 8, Dwarka Expressway and start-ups due to established infrastructure and a surge
(Northern Peripheral Road), and KMP Highway. in occupancy rate of residential projects in the area,”
“A report by real estate consultancy, Knight Frank India, Vineet Taing, President of Vatika Business Centre, said.
has identified New Gurgaon as one of the Top 10 residential Vatika Group is mulling to establish Vatika City Centre
destinations in India from an investment point of view, up in New Gurgaon owing to its strategic location on the
to 2020. It is an emerging real estate destination comprising highway besides the Metro connectivity which is in the
new areas like Sectors 79, 81, 82, 83-95. The area also has pipeline. “We are eager to conclude it, as it will be difficult
significant forthcoming office supply with several projects to get space in Vatika City Centre as soon as the Kherki
planned, and also has the maximum numbers of ready-to Dhaula toll moves away,” Taing said.
move apartment, which enhances its value,” Rahul Singla, New Gurgaon is increasingly drawing the attention
Director of Mapsko, said. of buyers and developers alike so it is headed for a
Ravish Kapoor, Director of Elan Group, says: “New bright future.

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