Team OpulnzAbode: 10-07-2024, 15:15, Read Time – 3mins
Boasting world-class infrastructure and proximity to prominent business districts and renowned educational institutions, Golf Course Extension Road has cemented its status as a sought-after destination for luxury living.
Gurugram, the bustling satellite city of Delhi, earlier known as Gurgaon, is witnessing a surge in demand for residential real estate. Several emerging micro-markets are becoming hotspots for investors and homebuyers alike. Golf Course Extension Road, Dwarka Expressway, and sectors 77 and 76 have emerged as frontrunners, attracting attention for their promising growth prospects and attractive investment opportunities.
Golf Course Extension Road
Golf Course Extension Road, long touted as one of Gurugram’s most upscale residential corridors, continues to captivate investors with its luxurious offerings and premium amenities. Boasting world-class infrastructure and proximity to prominent business districts and renowned educational institutions, Golf Course Extension Road has cemented its status as a sought-after destination for luxury living.
Luxury projects at Golf Course Extension Road:
Leading developers like M3M India, Signature Global, Puri, Godrej, and Smartworld Developers have a strong presence in this region. Last year, India’s leading listed developer, DLF, also entered this micro-market by launching a luxury high-rise project, The Arbour. Despite premium pricing of about Rs 18,000 per square foot, the project was sold out within three days before its launch, surpassing the market’s average rate and indicating renewed interest and confidence in the area’s real estate market.
Smartworld New launch at sector 69 Gurgaon
Smartworld launched its inaugural project, Smartworld Sector 69, at sector 69, Golf Course Extension Road, in Q3 2024. The project is expected to offer 3 & 4 bhk spacious apartments following this, the company also launched the premium high-street retail project, Smartworld Orchard Street, in the vicinity, which is over 100,000 sq ft in size.
Commenting on the Golf Course Extension Road area, Vivek Singhal, CEO of Smartworld Developers, said, “Golf Course Road Extension is one of Gurugram’s most promising micro-markets. It has become the main centre of Gurugram due to a spurt of infrastructure developments, luxury residential projects, office spaces, retail spaces, entertainment, and recreation options.”
Dwarka Expressway
Similarly, Dwarka Expressway, often called Gurugram’s ‘Gateway to Growth,’ has emerged as a prime investment destination due to its strategic location and ambitious infrastructure projects. With rapid urbanization and development along the expressway, sectors along this corridor have become magnets for residential development, offering affordable luxury housing options coupled with excellent connectivity to Delhi and other parts of NCR.
The recent inauguration of the Dwarka Expressway has set the stage for a potential real estate boom in Gurugram, marking a significant milestone in the region’s urban development. Leading real estate developer Elan has launched its inaugural residential project, The Presidential, located at sector 106 along Dwarka Expressway. It is receiving a good response from homebuyers.
Elan The Presidential:
Talking about Dwarka Expressway, Vineet Dawar, Senior VP of Sales & Strategy of Elan Group, said, “Dwarka Expressway has emerged as one of the most promising areas, with its strategic positioning, exceptional connectivity, and flourishing corporate landscape significantly bolstering its allure for real estate investments. The expressway’s promise of unparalleled connectivity and convenience has already sparked a remarkable surge in demand, particularly in Sector 84 & 106, where we’ve witnessed an impressive 27% and 12.5- 27 % year-on-year growth in the previous quarter, respectively.”
Smartworld One DXP:
Smartworld Developers’ Singhal added, “The highly-anticipated inauguration of Dwarka Expressway marks an incremental shift in the region’s real estate dynamics. This corridor enhances connectivity and elevates the living experience, attracting discerning buyers and savvy investors to the forefront of modern living. The steady increase in property values, particularly in Sector 113, with impressive price increases in the last quarters, underscores the burgeoning demand for luxury spaces that blend luxury with functionality.”
Sectors 69 to 76
Sectors 77 and 76 along the Southern Peripheral Road (SPR) are also making waves in Gurugram’s real estate landscape, attracting attention for their well-planned infrastructure, green spaces, and proximity to commercial hubs. With many residential projects offering modern amenities and lifestyle conveniences, these sectors have emerged as favoured destinations for homebuyers seeking a balanced lifestyle amidst urban comforts.
Projects on SPR Road:
Developers such as DLF, Emaar, Whiteland, and M3M have taken the opportunity to establish their presence in the area. With its proximity to prominent commercial hubs like DLF Corporate Greens, TCS, the forthcoming Amex Campus, and dedicated commercial sectors spanning approximately 385 acres (Sectors 75 and 74A), the vicinity offers plenty of amenities.
DLF recently launched DLF Privana South, a luxury high-rise project in sectors 76 and 77. Within 72 hours of its official launch, all 1,113 high-end luxury residential units sold out for Rs 7,200 crore. DLF Privana South is part of the larger integrated township DLF Privana, spanning about 116 acres. This rapid sales has brought these sectors into the spotlight, leading to other developers launching projects in this region.
DLF Privana West:
Sobha Karma Lakelands:
The allure of these emerging micro-markets lies in their potential for long-term appreciation, coupled with the promise of a quality lifestyle. As Gurugram continues to evolve as a vibrant real estate hub, these micro-markets are poised to lead the charge, offering investors and homebuyers a diverse range of residential options and investment avenues.
