Top reasons for the growth of realty market in New Gurgaon

With the number of affordable residential projects, New Gurgaon will certainly be a major realty hub in the following years. Over the last year, the real estate prices in New Gurgaon have raised up by about 15%. The locality is majorly divided into two major zones.

Although these zones names are not named officially, there is a section that runs through the sector 102 to 113. Another section is from sector 76 to 95. This section is the major zone that has been witnessing a plethora of residential projects in recent times.

According to the real estate sources, the properties in New Gurgaon will grasp the attention of both the property investors and end-users. Besides, the locality will be the hotspot for the real estate developers.

Property Price Trends in New Gurgaon

In the recent years, the locality has been emerging as the top real estate destinations in India for property investment. With the frequent development of social infrastructure and IT hubs, the demand for residential properties in New Gurgaon have increased in the past few years, Thus, the property prices are increasing rapidly in the city.

The average price of the property in the area were Rs 5,300 at the first quarter of 2015, which is 15% higher when compared to the property price in the first quarter of 2014.

Social Infrastructure and Growth Factors in New Gurgaon

Located strategically, the area enjoys good connectivity Old Gurgaon and Manesar. Thus, New Gurgaon has emerged as the best realty locations for quality projects and affordable prices. Besides, the area offers good connectivity with Neemrana on one side and Delhi on the other through NH8, Gurgaon-Sohna Road and Dwarka-Gurgaon Road. This is one of the major reasons that attracted the property buyers to prefer this locality.

Following are some of the trending Residential Projects in New Gurgaon

Bestech Park View Ananda, Sector 81 – Ready to Occupy

Orris Carnation Residency, Sector 85 - Ready to Occupy

Pyramid Urban Homes 2, Sector 86 - Ready to Occupy

Orris Aster Court, Sector 85 - Possession in December 2015

DLF New Town Heights 1 – Sector 90 - Ready to Occupy

Residential Rental in New Gurgaon

The individuals can find several residential properties in New Gurgaon that are ready to be rented. The average rental rate of a 2 bhk apartment in Gurgaon is around Rs 7,000 and Rs 9,000 for 3 bhk apartment. For a 4 bhk apartment, the individual has to pay Rs 15,000 per month.