Gurgaon Real Estate - Investors paradise !!!

As earlier quoted "the city with 3rd highest per capita income",Gurgaon has been an investors paradise for the early birds who invested in this city 8-10 years back. The rates were mouth watering when compared to today's scenario with very limited investors in the market .

Lets take a look at the Gurgaon real estate history and try to predict the next most sought destination in Gurgaon.

The first and the fore most real estate development in GGN took place on the today's prestigious Golf Course Road (G.C Road). This area today, is mostly inhabited with Gurgaon's most prestigious residential societies. The development here started 8-10 years back and the prices now have increased by 3-4 times.
It had the advantage of being very close to Delhi apart from the Today's Golf Course.One can easily find the costliest property in GGN on the G.C Road.
Very few were able to own a property on G. C Road. Some due to lack of foresightedness ,some due to financial constraints.

But those who missed Golf course road were happy to see a new development in the form of Sohna Road.
The 2nd development in GGN was seen on the Sohna Road. Eye witnesses say that once upon a time Sohna  
Road was a jungle. People dared not to go on that road after dusk. And today its one of the most sought destination in Gurgaon. Projects on the Sohna Road were launched at a mouth watering rates of around Rs.2400 psft. Its really tough to believe such rates today. The basic reason for this colossus development in the prices is the simple factor of Demand and Supply.
The demand for Group housing in Gurgaon has increased by leaps and bounds. Investors and the local residents of Sohna Road made huge money with the development of Sohna Road.

The 3rd Development came in the form of Golf Course Extension Road. This location is still in the development phase,as most of the projects are under construction. In today's time this road has left Sohna Road behind in terms of prices and G.C road in terms of infrastructure.The average pricing on this road is around Rs.8500-9500 psft with maximum pricing around Rs.14000 psft. Due to its pricing this road is frequently called as "God's Own Road"

The next development is in the form of SPR (Southern Periphery Road),an extension of the G.C. Extension till the NH8 and the New Gurgaon (Sectors 80's and 90's). The New Gurgaon is considered to be the most planned sectors of Gurgaon with better connectivity,better drainage system ,Underground electricity transmission etc.Developers like DLF ,Vatika have come up with world class townships in these sectors.
The development here started 3-4 years back and  investors here too, made good money.
The average pricing here is around Rs.5500-6500 psft which started from as low as Rs.2000 psft.

Last but not the least,came the most talked of destination in GGN - The Northern Periphery Road commonly known as the Dwarka Expressway.
It is an 18 km long,150 meter wide expressway connecting west Delhi ,IGI Airport to Gurgaon. It is one of the most preferred location in Gurgaon as it is still under construction,which means it has great potential for growth in the coming years. Various developers are planning their projects on both sides of this Expressway.
This location has again the benefit of being close to Delhi and IGI Airport apart from being very close to Diplomatic enclave. Dwarka Expressway has high fluctuations in terms of pricing. It has projects with pricing of Rs.4000 psft as well as projects with price tag of Rs.10000 psft.

As per me, Investment on this Expressway will give huge returns in a span of 2 years. The most valid reasons  to be :-
1. Widest expressway of Asia
2. Connectivity to IGI Airport and Delhi.
3. Connectivity to NH8
4. Metro route proposed.
5. Diplomatic Enclave
6. Price Band

The Expressway and the New Gurgaon is always compared when one talks of investment in Gurgaon.
Which one is better is always a question to be answered as both have their own significance in terms of Location,Connectivity,Pricing and delivery.


The above mentioned is completely my POV. Any discrepancy or dissatisfaction are welcomed in the comments box below.

Thanks
Happy Investing !!!!!