Over the years, real estate has proven to be one of the most steadily appreciating asset classes. While this is true for developments across India, there are certain hubs that stand out in terms of property appreciation. One such example is of Golf Course Extension Road – one of India’s hottest real estate belts which has witnessed an average capital price appreciation of about 7-10% on a y-o-y basis and a 17% jump in rental yield over the last 3 years.
The Golf Course Extension Road has seen unprecedented growth and development and is already teeming with residents and communities that comprise of corporate professionals, HNIs, UNIs, and expatriates.
A large range of luxury projects by major real estate developers are already under construction in the vicinity.
One of the most recent and notable events being the acquisition of 9.5 acres (~38,000 sq. m.) of land parcel by Godrej Properties, with an aim to build about 1.6 million sq. ft. of premium residential development. However, this is not the first time the brand has stepped foot in this market. Godrej Properties has been instrumental in elevating the lifestyle offered in residential developments with projects across Gurgaon, Delhi, Noida, and rest of India. Some of the brand’s most talked about developments in the city are Godrej Connaught One, Godrej Meridian, Godrej South Estate, Godrej Air, and Godrej Tropical Isle to name a few. The very promise of luxury & a feeling of exclusivity, a deep sense of community combined with sustainable living is what makes Godrej Properties one of the most trusted developers in the country.
Golf Course Extension Road – A Sound Investment Opportunity
Great Connectivity and Strategic Location: The Golf Course Extension Road is directly connected to the Delhi Mumbai Industrial Corridor (DMIC), one of the largest industrial corridors in India. It also connects to the Delhi-Mumbai expressway via the NH-8. Both these connections will lead to high investment activities with new office spaces, warehouses, mixed realty projects, and logistics parks burgeoning in the future. The location also enjoys an excellent connectivity with all its neighbouring areas through the South Peripheral Road (SPR), and an exclusive freeway connecting the Rajiv Chowk area to Sohna in just 20 minutes. The construction of the Vatika Chowk underpass near sector 49, by National Highway Authority of India (NHAI) is nearing completion, ensuring commuters travelling from Golf Course Extension Road towards the Delhi-Jaipur National Highway via Southern Peripheral Road, a smoother journey.
Growing Commercial Epicentre: The proximity to a booming commercial infrastructure plays a huge role in positively impacting the appreciation of any property. With malls, shopping complexes, gaming arcades, sports centres, commercial office spaces, etc., the Golf Course Extension Road area is privy to a lot of commercial and retail comforts. As the social infrastructure evolves further, it is bound to attract more MNCs, BFSI companies, IT/ITeS, and startups, further adding to the boom.
A better & sustainable lifestyle: The Golf Course Extension Road stands out in NCR with its lush well-planned green spaces like parks, gardens, and tree-lined roadways, all backed by the picturesquely green Aravalli ranges. These, along with the multiple other sustainability initiatives, such as rainwater harvesting systems, energy-efficient lighting, solar panels, and green buildings; makes this area highly attractive to investors & residents alike.
ROI at the Golf Course Extension Road
As the city and the area around the Golf Course Extension Road continues to develop, the prices will only soar with time. With the right investment in the right property, one stands to gain exceptionally high returns in the future. Due to its excellent connectivity and social infrastructure, the properties in and around the Golf Course Extension Road are only going to appreciate in capital as well as rentals. The Golf Course Extension Road witnessed the highest rise in housing prices at 46% on a YoY basis during Q2 2023.
In short, the Golf Course Extension Road is only going to evolve, developing into a cosmopolitan hub in the near future. With global brands already making their presence felt, this is an ideal time to invest in forthcoming developments before prices soar immeasurably. As far as returns are concerned, one can expect great ROI from any of the large range of upcoming projects in the Golf Course Extension Road.
Source : TOI