Introduction: Rapid Development of Gurugram Area
Like any other city, Gurugram has certainly developed over the years. In fact, this city has outshined many gother cities in regards to industry, IT, MNCs or real estate. Gurugram has progressed unbelievably over the last few decades, and as seen over the years, the figure of people residing here, and infrastructural development of the cities has been on a rising pattern all over. The development has been commendable and there are still further opportunities in the city. The state government came up with the GMDA, Gurugram Metropolitan Development Authority, as the metropolitan body. Twenty years back, Gurugram was restricted to the older municipal boundaries but now it has grown and stretched out to places like Kundli, Manesar, and Palwal all being operationally under the GMDA. This progress is not small. The pattern shift in the southern area of Gurugram is commendable just as it was how Gurugram developed into a southern extension of Delhi many years back. Areas like Sohna, near Manesar, Pataudi, Jhajjar, and so many have seen a surge in the real estate business, especially, mid-level housing projects.
Infrastructure Development Driving Real Estate Growth
The southern regions of Gurugram, such as Sohna and various sectors including 37, 79, 81, 92, and 93, have capitalized on the investments made through the implementation of the road and rail projects that have focused on the national capital region (NCR). These regions have also witnessed the establishment of budget housing schemes with independent floors, housing units, and residential plots. The mid-income category, on the other hand, has increasingly established a presence in new Gurugram because two districts (92 and 93) are comparatively cheaper than all of the surrounding areas in new Gurugram.
Improved Connectivity and Accessibility
The road network has significantly improved, with various sector roads linking these regions to major routes such as NH-48, Pataudi Road, the KMP, NPR, and others. This sector’s predominant sector, the 29-kilometer-long Dwarka Expressway (also called NPR) that spans from Kherki Daula to Mahipalpur (Delhi), is viewed to be the most efficient route into and out of Delhi – the international airport is practically a 15 minute drive from it. These sectors are well-linked from the NH-48 & the Delhi-Jaipur highway.
Current Situation
These sectors: the areas around the expressway and the sector nearby, have witnessed a significant appreciation in the real estate value due to the emerging roads including, the already-under construction Dwarka Expressway and the foresee metro line extension ideated along the expressway. This is even more extendable as three metro lines are also in the making, where two metro lines are in the proposal’s phase while one is in the construction phase that intensively intends to cover these sectors and enhance last mile connectivity to a level hardly imaginable. The existence of metro and road networks triggered various activities that created a demand for businesses, and investments in affordable housing, floors, flats and plots in both residential and commercial areas and sectors. It is rather probable that the population residing in crowded colonies of Delhi and its edges might want to move into Gurugram providing better environment, better education and better standard of living for people in the advanced Dwarka expressway. Moreover, less amount of time travel wise between the Delhi city and the outskirts will allow the workers to reach their offices very promptly, improving overall efficiency.
Resolution Towards Affordable Housing
The goal of the Haryana government was to beautify Gurugram as a city, and thus provided licences to the promoters to build economical housing for mid income people. This is the reason why most buyers tend to choose Dream Location, The most trusted real estate proposer in the city, has provided countless affordable options for housing projects and commercial units to the buyers. This has become a popular undertaking as those looking for homes in the area seek quality yet affordable accommodation at the time.
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