Maria Midha

Why invest in Real Estate in Gurgaon? Ray White Gurgaon gives its expert opinion

Can 1 crore buy property in Gurgaon? Real estate in Gurgaon touching new heights.

The magic figure ‘1 crore’ that we were so used to hearing from our fathers has lost its credibility in today’s market. But let me remind you that this magic figure ‘still exists’ in Real Estate in Gurgaon. Those who are planning to invest in Real Estate in Gurgaon and have a budget of ‘1 crore’, don’t shy away. The two important developments which any investor or end user of residential or commercial property may like to note would be the Southern Peripheral Road and the Northern Peripheral Road as specified by the Gurgaon Master Plan 2025. Most of the developments are happening in these areas. The SPR and NPR together would form a ring around Gurgaon and connect Palam Vihar and MG Road through NH-8 near village Kherki Daula.

SPR connects MG Road with Gurgaon Expressway (NH8) while NPR, also called Dwarka Expressway connects Dwarka in Delhi with the expressway. Developers like BPTP are coming up with their residential projects like, Amstoria, Park Serene and Spacio, while Ramprastha on the other hand has its ongoing biggest Ramprastha City which includes Skyz, Edge Towers, View and Atrium spreading in the land area of 450 acres out of which 15 acres of land has been given to the Dwarka Expressway. The current rates for apartment by these 2 major developers of the Northern Peripheral region ranges from about Rs. 60 lakhs to Rs. 1 crore depending on the size ranging from 1600 to 2200 Sq.ft.

On the other hand, when comparing it to the Southern Peripheral Road, we have the likes of Unitech, Emaar, IREO, etc dominating this region. 2 to 3 bhk apartments ranging from Rs. 85 lakhs to about Rs. 1.5 crore and it can also go over Rs. 3 crores. This region has the most luxurious living life style as compared to the Northern Peripheral Road.

When comparing both of them, it is seen that the development around Southern Peripheral Road is going at a rapid pace with developers like Unitech, DLF, Vatika, etc building residential houses. This road also connects you to MG Road; NH8 which leads to Delhi and Jaipur. With metro coming to this region in the near future makes it a hot spot in Gurgaon for your home.

Article Tags: Real Estate, Southern Peripheral, Peripheral Road, Northern Peripheral

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