Prices constant in Gurgaon sectors along NH-8
SMART CITIES

Prices constant in Gurgaon sectors along NH-8

The area that lie close to the NH-8 are said to have been earning surplus market demand. However, this has led to the price stability in such sectors of Gurgaon.

NH-8 is known as the lifeline of the Gurgaon, which has led to the development in certain sectors like Sectors 17, 18, 25A, 29,30, 31, 32A, 33, 34, 35, 36, 37, 37A, 48, 76, and 77, these sectors are both residential as well as commercial in nature with residential being stable and to offer myriad of opportunities to its end-users.

There are many reasons for the area to become the perfect investment destination as it offers good connectivity to the nearby area. It has wide range of residential options from one-BHK units to villa properties for its buyers, which range from Rs 20 lakh for a one-BHK to as high as Rs 4.5 crore. Some popular residential sectors near the highway include Sectors 31, 37C, 48, 76, 77, 81, and 82.

Development of offices and retail spaces in around these sectors has led to the growth of residential demand in this area. Developers believe that this has has attracted buyers. Vineet Relia, Managing Director, SARE Homes, says: “The realty sector has progressed significantly over the last decade. The development of townships and global eco-urban areas on NH-8 has brought in fresh investments.”

Realtors firmly believe that good connectivity is going to be biggest advantage. “The real estate lying along the NH-8 is good as its connectivity is ensured via bus transportation services offered by Haryana roadways, linking the township to neighbouring states and cities like Delhi, Uttar Pradesh, Rajasthan, and Chandigarh. Delhi-Gurgaon Expressway and the NH-8 provide excellent connectivity to this region. With the government spending Rs 900 crore on the NH-8 and the Smart Cities project successfully underway, the lifestyle quotient of certain sectors has enhanced further. The future appears bright as a considerable chunk of residential properties along this region is nearing completion,” sais Ravish Kapoor, Director, Elan Group.

However, nobody anticipates a further rise in property rates owing to the current glut in market. But consultants in the region say that rates will not correct in the near term, as there is demand from prospective buyers in the market.

“Discerning buyers who only look for properties near completion have plenty of buying options in a number of projects in these sectors today,” a consultant said. The prime sectors, however, remain for people with deep pockets alone!


The area that lie close to the NH-8 are said to have been earning surplus market demand. However, this has led to the price stability in such sectors of Gurgaon. NH-8 is known as the lifeline of the Gurgaon, which has led to the development in certain sectors like Sectors 17, 18, 25A, 29,30, 31, 32A, 33, 34, 35, 36, 37, 37A, 48, 76, and 77, these sectors are both residential as well as commercial in nature with residential being stable and to offer myriad of opportunities to its end-users. There are many reasons for the area to become the perfect investment destination as it offers good connectivity to the nearby area. It has wide range of residential options from one-BHK units to villa properties for its buyers, which range from Rs 20 lakh for a one-BHK to as high as Rs 4.5 crore. Some popular residential sectors near the highway include Sectors 31, 37C, 48, 76, 77, 81, and 82. Development of offices and retail spaces in around these sectors has led to the growth of residential demand in this area. Developers believe that this has has attracted buyers. Vineet Relia, Managing Director, SARE Homes, says: “The realty sector has progressed significantly over the last decade. The development of townships and global eco-urban areas on NH-8 has brought in fresh investments.” Realtors firmly believe that good connectivity is going to be biggest advantage. “The real estate lying along the NH-8 is good as its connectivity is ensured via bus transportation services offered by Haryana roadways, linking the township to neighbouring states and cities like Delhi, Uttar Pradesh, Rajasthan, and Chandigarh. Delhi-Gurgaon Expressway and the NH-8 provide excellent connectivity to this region. With the government spending Rs 900 crore on the NH-8 and the Smart Cities project successfully underway, the lifestyle quotient of certain sectors has enhanced further. The future appears bright as a considerable chunk of residential properties along this region is nearing completion,” sais Ravish Kapoor, Director, Elan Group. However, nobody anticipates a further rise in property rates owing to the current glut in market. But consultants in the region say that rates will not correct in the near term, as there is demand from prospective buyers in the market. “Discerning buyers who only look for properties near completion have plenty of buying options in a number of projects in these sectors today,” a consultant said. The prime sectors, however, remain for people with deep pockets alone!

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement