GURGAON, MANESAR JOINED AT THE HIP
The Millennium City is all set to grow spatially. Gurgaon-Manesar Master Plan 2021 gave birth to new growth corridors after which the Development Plan 2025 added more area and width to the roads, says
Gurgaon is the latest addition to the tally of cities undergoing an urban expansion with its boundaries constantly pushing out to integrate the suburbs and accommodate a burgeoning population.
Once regarded as a suburb of the national capital, today, Gurgaon is a booming commercial hub. An explosion in migratory and floating population seeking employment opportunities has pushed the demand for property, straining the existing infrastructure and land-use patterns.
This has necessitated a planned intervention through the introduction of a “Development Plan 2025”.
According to Sachin Sandhir, MD of RICS India: “An anticipated 39 lakh people are expected to inhabit the city by 2025, as a consequence of which six new controlled areas (namely, areas around Badshahpur, Sati Mandir Bhondsi, Abadi Naya Gaon, Medawas, Kadarpur and Behrampur) already notified by HUDA, have been added to the existing 41 as specified in the initial Master Plan 2021.”
A majority of the new developments envisaged in Master Plan 2021 is on the Manesar stretch, currently called New Town Gurgaon. This has been made accessible only due to construction of the Delhi-Gurgaon Expressway. The residential sectors of Gurgaon will eventually Manesar with most developers launching projects across Sectors 82, 83, 85, 91 and 92 in Gurgaon. Sector 8, 11, 12, 12A and Palam Vihar comprise the old section of Gurgaon. Sector 4, 5, 14, 15, 29, 56 and 57 are amongst the most developed HUDA sectors in Gurgaon. Areas like DLF Phase I-V, Sushant Lok I-III and Golf Course road are the prime residential areas commanding the highest real estate prices. Concentration of new development is mainly in the new sectors. Dharuhera, Sohna Road, Pataudi Road, DLF Phase V are the emerging growth corridors. Read more
Plans to connect Faridabad, Gurgaonwith Metro: Hooda
PNS | Chandigarh
Haryana Chief Minister Bhupinder Singh Hooda on Sunday said he has a plan to connect Faridabad and Gurgaon with Metro rail, to facilitate the people of the area.
Hooda, who was addressing a well attended public meeting shortly after unveiling the statue of former Prime Minister Rajiv Gandhi on his birth anniversary in Faridabad on Saturday, said the State Government has already paved the way to connect Delhi with Faridabad up to YMCA through metro rail and it would be extended up to Ballabhgarh.
Hooda said the State Government was committed for all-round development of Faridabad and after five years, Faridabad would be a leading city of the country. He thanked the people of Faridabad for supporting the Congress candidates in last Vidhan Sabha and Lok Sabha elections. Read more
GURGAON REALTY TOPS CHARTS IN NCR
Today, houses are commanding prices which many who track historical trends could never have predicted, says SAMIR JASUJA
From prime posh locations of Delhi like Vasant Vihar to the prestigious Golf Course road in Gurgaon, prices of housing options across the years have witnessed significant escalations.
Micro markets like Vasant Vihar have always been preferred destination for those seeking a posh address, combined with the benefits of a central location. Many residents of this colony are drawn to its accessibility, peaceful ambience and proximity to schools, hospitals and commercial centres. The evolution of Gurgaon and Noida as prominent residential destinations was historically driven by the commercial development, which fed the residential sector in these micro markets. The proximity of these markets to Delhi, coupled with the rising real estate prices in Delhi, drove the residential demand in these markets to a point that, today, these markets boast of posh and prestigious residential options that are being preferred over even those in Delhi, eliciting comparisons with the best in the national capital.Read more
The most interesting market on display is Gurgaon, which has given the maximum returns to its investors today and continues to be a very promising destination. If we evaluate the trend in the market since 2003, we see that the ultra-luxury apartment pricing has gone up by 10 times. Plotted development has seen a rise in pricing by 12 times. Plots that were priced at Rs 11,000 per sq yard in 2003 are Rs 1,30,000 per sq yard today. Thus, Gurgaon as a market has given the maximum return on investment to its stakeholders.