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Fuelled by good connectivity and robust development, the area is a boon to the real estate sector
The rapid urbanisation in National Capital Region (NCR) is increasing day by day. This is amplifying the traffic crisis in the region. In order to overcome the scenario, the Government has established new sectors along the Gurgaon’s NH-8. These sectors are attracting developers as well as buyers from every part of the country.
The sectors along NH-8 continue to offer their own location advantages. “These areas are attracting a good number of realty players and thus increasing the competition in this sector. As a result, the buyers are getting the best,” Rajmal Shekhar, a realtor in the region, said.
The area remains the prime expressway that continues to fuel the development of residential as well as the commercial sector along the area. The NH-8 connects the NCR with Jaipur and other parts of Rajasthan.
Sectors along NH-8 are also connected to the IGI airport, which is on a straight drive from there. Both expressways – the Southern Peripheral Road and Dwarka Expressway – touch NH-8 at Kherki Daula intersection. Arterial and sector roads along the highway are connected through various exits and entry points.
Sectors like 30, 31, 33, 34, 37, 37A, 38, 48, 77, 78, 81, and 82 are some of the key residential sectors along NH-8. Many developers like Ashiana, Emaar India, Umang Realtech, DLF Ltd, Vatika Group, Universal Buildwell, and Central Park have residential projects in these sectors.
These sectors offer 2 to 5BHK units whose size varies from 450 sqft to 2,500 sqft and the cost of these units depends on their locations. For example, the cost of 2BHK costs Rs 1 crore in Sector 33.
Owing to price stability and demand in the region, sectors along NH-8 also have strong rentals. Most of the professionals working in companies in and around Gurgaon prefer these sectors. Thus, rental values have remained on the higher side along NH-8. A 2BHK unit at a prime location commands Rs 15,000-35,000 per month in rent.
“The accelerated urbanisation and rampant migration of working population in Gurgaon has led to an increase in demand for the residential sector in its adjoining areas. Buyers and investors are showing more interest in this area because of the easy accessibility, connectivity to various places and major infrastructural development. Additionally, properties have offered good returns on investment over the past few years. The demand for ready-to-move-in-apartment has also escalated in recent time, as because these are GST-free and best option in Gurgaon’s NH,” said Rahul Singla, Director, Mapsko Group.
Existing physical and social infrastructure along NH-8 coupled up with the ongoing and proposed infrastructure project is increasing the buyer’s interest towards it. Thus, the demand for properties along these sectors is touted to increase manifold in future and the area is a boon to the real estate sector.