New Gurgaon is fast emerging as a vibrant residential and commercial hub in Delhi NCR fueled by affordable property, good connectivity, and an upsurge in the development of infrastructure. The area offers commercial as well as residential properties, which are economical than those in the other parts of Gurugram. The future of this area is bright as it is increasingly drawing the attention of buyers and developers alike.
Considered as one of the top growth corridors of Delhi/NCR, it has emerged as an ideal destination for developers, investors and end users. Located between Old Gurgaon and Manesar in Haryana, it includes two main sector clusters (102-113 and 76-95). The region has been one of the fastest emerging residential hubs of Gurugram over the last 5 years. The influence zone of this micro-market extends from the sectors immediately after the Kherki Daula toll plaza and right up to the sectors being developed beyond all the way till Manesar on both sides of the highway.
Accessibility and Connectivity
The key driver for the emergence of this location has been its proximity to Manesar, seamless connectivity with key employment hubs of Sohna Road, Cyber City, Sector 30, and Udyog Vihar.
The area enjoys good connectivity through 3 highways: NH-8, Dwarka Expressway (Northern Peripheral Road), and KMP Highway.
With its three main corridors such as Dwarka-Gurgaon Road, NH 8 and Gurgaon-Sohna Road, one can easily and smoothly reach New Gurgaon from any point of NCR quickly.
New Gurgaon is well connected to Gurgaon via Pataudi Road, NH 48 and Dwarka Expressway through Basai Chowk.
New Gurgaon is well connected to IGI Airport by NH 48 through Pataudi road and is less than an hour’s drive.
Excellent connectivity to DLF cyber city and major employment hubs of Gurgaon via NH 48. Proximity to Maruti Suzuki India Ltd and many other auto/auto ancillary companies at Manesar.
Infrastructure and Development
New Gurgaon has an already well-established social infrastructure with leading hospitals, educational institutions and commercial complexes in the vicinity, which makes life easier for the residents and this is growing further every day. The best names in education and healthcare, such as Matri Kiran, DPS, Modern School and Max Hospitals, are setting up facilities in New Gurgaon. This area is unique when compared to Gurgaon as it is endowed with 24 x 7 water supply, a rain water harvesting mechanism and a wide green cover. This region is situated right at the foothills of Aravali, which falls under protected zones and has presence of several green belts around the areas, which will help the residents to lead a healthier life. Electrical cables are all underground. This is safer, easier to maintain, and better in the long term. The power infrastructure is, in fact, ready for the next 60 years.
Residential and Commercial Market GrowthThe projects here have also moved up the value chain with earlier affordable housing projects and slowly moving up to mid-segment and premium housing. It continues to remain one of the relatively less expensive residential micro-markets within Gurgaon and hence has also seen healthy sales volumes over the past years. New Gurgaon is also emerging as a new hub of SMEs and start-ups due to established infrastructure and a surge in occupancy rate of residential projects in the area. A report by real estate consultancy, Knight Frank India, has identified New Gurgaon as one of the Top 10 residential destinations in India from an investment point of view. The area also has significant forthcoming office supply with several projects planned, and also has the maximum numbers of ready-to move apartment, which enhances its value. In the last few years, developers like DLF, Vatika, Bestech, Orris, and Emaar have given possession of housing projects.