While Gurgaon
Extension or New Gurgaon is a flourishing real estate hub, the stretch between
IMT Manesar and Dwarka Expressway has become homebuyers’ cynosure. People
looking for independent builder floor units at a relatively lower rate near
Gurgaon have shown increased interest in the region, with Sectors 81-83, 85,
86, and 89 being the most sought-after.
Bolstered by a spate of infrastructural developments and excellent
connectivity, New Gurgaon has witnessed a realty boom, particularly
post-COVID-19. The trend has is backed by the substantial availability of
independent builder floor units in the region at a relatively lower rate than
the neighbouring residential pockets in Gurgaon. According to real estate
agents, Waadi Group, Gurgaon, “As people are willing to upgrade to bigger
residential units due to work-from-home and learn-from-home trends, buying a home
in Gurgaon, where property values have grown many folds, had been challenging.
Resultant, buyer interest shifted to neighbouring locations that provide modern
amenities and comparatively reasonable property options. Gurgaon Extension has
benefitted from the shift as it offers numerous realty options by reputed
developers at nearly 20 percent lower rate than Gurgaon.”
“Most homebuyers in New Gurgaon prefer housing units measuring
1,000-1,400 per sq ft configured as 3 BHK, 3 BHK + study and 3 BHK + study and
servant rooms. Bigger units, such as 4 BHK are also in demand; however, the
share of enquiries is 20 percent as compared to approximately 40 percent
enquiries for 3 BHK units. The remaining stake is of other residential
configurations and housing plots”
Sector 81
While capital values of builder floor units in these sectors hover
at Rs 6,500-7,500 per sq ft, high-rise apartments are pegged at Rs 5,000-6,000
per sq ft, depending on the amenities offered. Plots rates in Sector 83 hovers
at Rs 1 lakh per sq yard; however, those located off the main road are priced
relatively lower at Rs 90,000 per sq yard.
A few reputed developers in the sectors include DLF India,
Signature Group, Vatika Group, Ansal Housing and Microtek Infra. With respect
to commercial options, Manesar, a famous industrial hub, is about six km away.
Sector 81-83
A cluster of sectors near Kundli-Manesar-Palwal (KMP) Expressway
and NH-8, Sectors 81-83, have been witnessing maximum demand in New Gurgaon due
to their strategic positioning. According to Anil Jyani Bishnoi, Swastika
Estate, Gurgaon, Sectors 81 and 82 are nearly saturated pockets, with resale
units being the most preferred. Sector 83 also houses a few under-construction
high-rise towers with apartments; however, the independent builder floors
remain the most preferred inventory type here. Residential apartments have also
fared well, but people’s inclination towards thinly populated set-ups has
boosted the popularity of builder floor units in the region. The abundance of
greenery, secured ecosystem and the expeditious development on Dwarka
Expressway, which adjoins Sector 83, has also boosted the housing traction in
the areas. The Gurugram Metropolitan Development Authority (GMDA) has also
proposed a metro station at Dwarka Expressway at Sector 100, about 15 minutes
away. Touted as a growth catalyst, it will fillip the realty landscape in
pockets nearby.”
Sector 89
The values of residential units in Sector 89, New Gurgaon, have
increased by nearly 10 percent from Apr-Jun 2020 to 6,100 per sq ft Jul-Sep
2021. Independent builder floor units have also registered a similar trend and
depicted around 12-15 percent growth in the above-mentioned period, shares
Jyani.
Undeniably, residential demand across Gurgaon has increased; but,
independent builder floors in the peripheral areas have witnessed amplified
interest. Improved focus of buyers towards relatively bigger residential units
in thinly-populated and well-connected areas has been the fad. The trend would
continue as such pockets offer a fresh environment, quietude and larger carpet
area at a relatively lower price. Nevertheless, before you take the plunge, it
would be advisable to consult a reputed real estate agent in the region and
undertake thorough background research of the builder.