New Gurgaon: Delhi NCR’s rising star in micro-market development

New Gurgaon Delhi NCR’s rising star in micro-market development

In recent years, New Gurgaon has emerged as the most promising and sought-after micro-market in the bustling city of Delhi NCR. Positioned strategically on the southern edge of Delhi, New Gurgaon has become a magnet for real estate development, attracting both investors and homebuyers alike. This rapid transformation from a nondescript suburb into a thriving hub is a testament to India’s swift urbanization. The key driver behind this growth is its robust infrastructure. Notable thoroughfares like the Delhi-Gurgaon Expressway and Dwarka Expressway have significantly improved connectivity, reducing travel time to other parts of the NCR.

Sharing his insights on the same, Shashank Vashishtha, executive director, Exp Realty India, commented, “New Gurgaon’s transformation from a suburban area to a thriving micro-market is a testament to India’s rapid urban development. The city’s well-planned layout, strategic location, and robust social infrastructure make it a promising micro-market. The growing commercial sector is driving residential development, making New Gurgaon an attractive investment option in Delhi NCR. The upcoming Delhi-Mumbai Industrial Corridor (DMIC) is expected to bring in new economic opportunities, further boosting the city’s growth. The increasing interest from businesses highlights New Gurugram’s potential as a thriving hub. Both developers and homebuyers are excited about the opportunities this micro-market offers.”

Beyond physical infrastructure, New Gurgaon is rapidly advancing in terms of social amenities. The locality now hosts a plethora of educational institutions, healthcare facilities, and recreational spaces. Leading schools and colleges, both domestic and international, have established their presence, ensuring top-notch education for the younger generation. With multi-speciality hospitals equipped with state-of-the-art medical technologies, the residents have access to world-class healthcare services. For leisure and recreation, the area offers a diverse range of options. This rapid expansion has transformed New Gurgaon into not just a place to live, but also a destination to enjoy a high quality of life.

Rahul Singla, director, Mapsko Group, said, “New Gurgaon stands as a beacon of India’s rapid urban transformation, where infrastructure and opportunity converge. This thriving micro-market has become a symbol of progress. Its robust infrastructure, including well-connected roads and upcoming industrial corridors, paves the way for economic growth. With its burgeoning social infrastructure, New Gurgaon offers world-class education, healthcare, and abundant recreational spaces. As a result, it’s not just a place to reside; it’s a place to thrive in. The residential boom here ignites a thriving commercial and retail sector, making it a dynamic hub for businesses and shoppers. This further creates job opportunities and vibrant retail experiences. For investors, New Gurgaon is a magnet, promising steady property appreciation, and for homebuyers, it’s a haven offering diverse housing options, lush greenery, and modern comforts.”

Vineet Dawar, sr VP, sales & strategy, Elan Group, added, “Encapsulated in the dynamic landscape of Delhi NCR’s real estate, New Gurgaon is poised for growth and prosperity. located between the booming cities of Delhi, Manesar and Bhiwadi, it is becoming a hive of activity as India continues to develop.”

Source : Construction Week Online

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