Luxury Real Estate Booms in Delhi-NCR: Gurugram Leads Q1 Launches – Check Key Destinations

Luxury Real Estate Booms in Delhi-NCR Gurugram Leads Q1 Launches - Check Key Destinations

Real Estate in Delhi-NCR: Due to rapid urbanization and the launch of infrastructure projects in and around Delhi-NCR, the area such as Golf Course Extension Road, Dwarka Expressway, SPR have emerged as the prime destinations for real estate investors.

Gurugram has now emerged as one of the leading commercial and residential markets of the real estate sector in Delhi-NCR. It provides a successful corporate culture with a sophisticated built infrastructure and a remarkable skyline. The cyber city has further established its credentials as one of the ultimate destination for people seeking homes, investors, and other business tycoons.

Out of the other numerous growing micro-markets in this fast-growing satellite city, the Golf Course Extension is now considered one of the most promising and attractive areas for viable investment and business.

As per the report by Cushman and Wakefield – Residential Q1 2024, new supply was led by Gurugram and Noida where Gurugram accounted for below 44 per cent of the total supply which was focused on the South Peripheral Road, Golf Course Extension Road, and NH 8. The high-end and luxury segment remains dominant in the Q1 new launches with a 61 per cent share of the Gurugram market.

The reports stated that Gurugram remained the frontrunner in this segment, particularly in submarkets such as Golf Course Road Extension and SPR. These submarkets within Gurgaon are gradually establishing themselves as an abode of high-end launches as observed over the last 3-5 quarters.

Ashish Sharma, AVP Operations, Brahma Group, said, “The development along Golf Course Road Extension exemplifies this progress, with an increase in both commercial and residential projects. These developments are expected to be highly beneficial in the upcoming years, attracting major corporations and upscale housing, thus driving economic growth and improving the standard of living. Moreover, Grade A office spaces, especially those with sustainable features, are highly valued by both domestic and multinational corporations in cities like Gurugram. Furthermore, improved infrastructure and connectivity will ensure that this area remains a desirable destination, fostering a vibrant community and sustained prosperity for residents and investors alike.”

With robust urban planning, booming infrastructure, and excellent connectivity, Golf Course Extension Road has become a unique fusion of luxury living and commercial vigour.

Sanjay Kumar Sinha, Managing Director, of Chaitanya Projects said “The expansion of infrastructure, notably roads and expressways, has transformed connectivity and spurred real estate growth across India, shaping bustling centres of commercial and residential activity like Gurugram. Gurugram’s Golf Course Road Extension it has emerged as an epicentre of commercial and residential projects as it is directly connected to the Delhi-Mumbai Industrial Corridor (DMIC) It also connects to the Delhi-Mumbai expressway via the NH-8. Strategically positioned as a burgeoning commercial and industrial centre with promising prospects.”

Sinha added, “In Delhi-NCR, remarkable infrastructure projects such as the Delhi-Mumbai Expressway, the Golf Course Extension Road expansion, and the Dwarka Expressway have significantly improved connectivity, easing traffic congestion and attracting more homebuyers and investors, thereby boosting the real estate sector in the region. As Gurugram evolves into a vibrant commercial and residential hub, the Chaitanya Projects remains steadfast in our commitment to contributing to the nation’s infrastructure journey”

Government policies on infrastructure, road widening, and Rapid Metro development are driving growth in the Golf Course Extension Road area. World-class educational institutions, healthcare facilities, recreational centres, shopping malls, fitness centres, restaurants, business parks, and IT complexes enhance its appeal, signalling strong growth potential and creating significant employment opportunities, boosting the local economy.

Aman Trehan, Executive Director, Trehan Iris, said, “The emergence of Gurugram’s Golf Course Extension Road as a bustling commercial hub underscores the pivotal role of strategic urban planning and infrastructure development in driving the city’s expansion. The integration of the golf course into the city’s landscape has not only enhanced its overall appeal but has also attracted businesses and investors, fueling the rapid rise in property prices and solidifying Gurugram’s status as a dynamic economic powerhouse in the region. With its proximity to commercial centres, coupled with excellent connectivity, has further strengthened its demand, making it a sought-after destination for both commercial and residential purposes. Thus, the golf course stands as a testament to Gurugram’s evolution, contributing significantly to its economic growth and urban development.”

The recent launch of Phase II of Rapid Metro has improved connectivity to Golf Course Extension Road and Gurugram and has brought major relief to everyday commuters. Furthermore, the Southern Peripheral Road (SPR) connecting Golf Course Extension Road to NH8 and intersecting Sohna Road at Badshahpur gives it a strategic position in terms of overall connectivity. These rapid developments have provided a major boost to real estate growth in Gurgaon, making it an outstanding opportunity for real estate investors.

Gurugram retained its position as the frontrunner in the segment, particularly in submarkets such as Golf Course Road Extension and SPR. These submarkets within Gurgaon are gradually establishing themselves as an abode of high-end launches as observed over the last 3-5 quarters.

Vipin Sharma – Chairman, of Aarize Group said, “Gurgaon, a bustling city in India’s National Capital Region (NCR), has seen remarkable growth, notably in the Golf Course Extension and Southern Peripheral Road area. This sector has become a commercial hotspot, witnessing a surge in high-rise offices and commercial complexes. The availability of premium office spaces has drawn diverse industries, fostering a vibrant business environment.

Sharma added, that Southern Peripheral Road has transformed into a retail and entertainment hub, boasting upscale malls, luxury boutiques, and fine-dining establishments. Its success stems from strategic location, robust infrastructure, and integration of green spaces. As this area continues to evolve, its allure for businesses is poised to grow further, supported by a booming real estate sector and diverse leisure options. Southern Peripheral Road epitomizes the fusion of commerce and lifestyle, driving its ongoing prosperity.”

The future of Golf Course Extension Road is bright, with a strategic location, excellent infrastructure, and vibrant commercial hubs. Upcoming projects and smart city initiatives solidify its status as Gurugram’s new epicenter. Experts see it as a prime investment, making it a “now or never” choice for high returns.

Source : ET Now News

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