New Gurgaon is considered as the 'Next Big Thing' in the Delhi / NCR real estate & considered as a top investment destination in India. Well planned roads, great connectivity, proximity to IGI airport & industrial townships of Manesar, Neemrana, Bhiwadi & Dharuhera and large residential townships from all leading developers are a few reasons why it's fast gaining popularity. 2016-17 has witnessed huge infrastructure work completion & project deliveries thus increasing occupancy in New Gurgaon. Demand for commercial development is now only few months away!
New Gurgaon valuations & prices are much lower than the developed areas of central Gurgaon like Golf course road, Extension Road, M.G road & Sohna road. The difference in price is almost 40%, which gives great room for appreciation.
Add to that, it's a known fact, profit is where there is growth. New Gurgaon today adds much higher number of buyers, end users, apartment occupiers. This along with huge spend on infrastructural & road development will only increase prices in the months to come.
Over 5000 acres of land area is under development in New Gurgaon, with leading developers like DLF, Vatika, Sare, Bestech & Raheja having large townships. A huge part of these are already delivered & inhabitated by users. With RERA now being implemented, all developers have accelerated their work & are rushing to deliver projects quickly. It is estimated in 12-18 months time, close to 50,000 units will be ready & delivered in New Gurgaon. It's a known fact, any new residential development creates huge demand for commercial activity.
The biggest advantage of New Gurgaon is it's connectivity. The area is surrounded by national highways & main arterial roads, such as N.H 8, KMP highway, Dwarka Expressway, Pataudi road, SPR, CPR and the Multi Utility Corridor. Under pass construction at Rajiv Chowk & fly over at Hero Honda Chowk have already commenced. Relocation proposal for Kherki Dhaula toll has also been submitted. The main MRTS station and Largest ISBT terminal is to be developed in sector 88, New Gurgaon. Within 8-12 months time, there will be seamless connectivity which will push demand for offices and commercial activity.
Commercial property offers much higher return on investment than residential property. It also offers far higher rental yields ranging from 5 - 8% as against 1.5 - 2% in residential. Demand, growth & appreciation for commercial property is always higher & faster in newly developed areas due to gap in supply.