Gurgaon, also known as the millennium city, has always been on the radar of the nation’s top real estate developers. The city is a hotbed for the prospective homebuyers, too. If you are looking to invest in a property in Gurgaon, here is a list of the top five emerging localities that you may consider.

Being one of the largest cities in Haryana, Gurgaon houses a substantial cosmopolitan population from all over India and abroad. The city is a major IT and BPO business centre, brimming with a plethora of famed institutions such as DLF, Siemens and General Electric, which makes it a popular and lucrative investment hub. With a bustling nightlife and the presence of employment opportunities, Gurgaon has managed to attract a large number of prospective homebuyers from all over the nation.

New Gurgaon: One of the most coveted real estate destinations in Gurgaon, New Gurgaon is steadily emerging as a preferred residential destination for many. With a large number of upcoming residential and commercial projects, the area is gradually becoming a hot-selling investment destination that enjoys seamless connectivity via NH-8 and Dwarka Expressway. Comprising of a mix of ready-to-move-in and under-construction projects, New Gurgaon is also a booming commercial hub for several start-ups and small-to-medium enterprises (SMEs). As per the data available with 99acres.com, the locality has witnessed price increment to the tune of 11 percent in the last five years, from Rs 4,590 per sq ft in Jan-Mar 2016 to Rs 5,100 per sq ft in Oct-Dec 2020.

Locality

Average Home Prices*  (per sq ft)

Average monthly rentals for a 2 BHK unit**

New Gurgaon

Rs 4,100-5,100

Rs 11,000-15,000


Golf Course Extension Road:
Yet another emerging location with continuing infrastructure development, Golf Course Extension Road has developed into one of the most sought-after residential corridors with average capital values hovering between Rs 7,500 per sq ft and Rs 8,700 per sq ft. The locality is well-connected to National Highway 8 and is in proximity to the Indira Gandhi International Airport. With well-developed social amenities, entertainment hubs and the presence of reputed schools, hospitals, recreational centres, and local markets, Golf Course Extension Road has garnered healthy attention from homebuyers and developers alike. Offering residential inventory in different budget categories and marked by the presence of township projects by reputed developers, the area has witnessed consistent price appreciation along with robust demand for high-end luxury projects. According to 99acres Insite Report for Oct-Dec 2020, Golf Course Extension is one of the highly demanded residential belts that has clocked maximum conversions during the reported period despite all odds.  

Golf Course Extension Road is one of the emerging localities in Gurgaon that has witnessed massive residential and commercial developments. There are many prominent developers in this region. Moreover, a number of ongoing projects here are on the verge of completion now. The area offers ample price-competitive real estate stock, ”, says Pankaj Singh, Senior Manager, Piyush Jain & Co.

Locality

Average Home Prices* (per sq ft)

Average monthly rentals for a 2 BHK unit**

Golf Course Extension Road

Rs 7,500-8,700

Rs 22,000-27,000


Southern Peripheral Road:
An important link connecting Faridabad-Gurgaon Road, to Golf Course Extension Road and Delhi-Gurgaon Expressway, the Southern Peripheral Road (SPR) is emerging as a posh housing cluster having a perfect mix of residential and commercial properties. Excellent connectivity to famed commercial hubs and the developed regions of Gurgaon makes this area a lucrative option for institutional and commercial development. Sectors 74, 75 and the front belt of 71 and 73 are in particular very popular among homebuyers. Located in proximity to renowned educational institutes and commercial spaces, such as DLF Corporate Greens, SPR is also well-linked to Dwarka expressway through the National Peripheral Road. Having a large number of affordable and luxurious projects in its vicinity, the region is expected to witness exponential growth in the years to come. The data as per 99acres.com shows that the locality has observed a decent uptick of seven percent in the last five years.

Locality

Average Home Prices* (per sq ft)

Average monthly rentals for a 2 BHK unit**

Southern Peripheral Road

Rs 5,600-6,500

Rs 10,000-13,000


Dwarka Expressway:
Seamless connectivity to Delhi and the international airport along with key office destinations in Gurgaon makes Dwarka Expressway one of the prominent destinations for IT Companies and a sought-after locale on the residential front too.  Well-planned urbanisation, upcoming social infrastructure, proximity to aerocity, presence of reputed developers, including ATS Group, Puri Constructions, Sobha Developers, Experion and Mahindra along with affordable price rates makes this place one of the most preferred real estate destinations for investment in Gurgaon.  Several delays, however, in the completion of the stretch and delayed project deliveries have kept home prices along the stretch under pressure for years. The project is scheduled for completion in 2022.  Basically, Dwarka Expressway is an excellent choice for people who wish to invest with a horizon of 3-5 years.

Locality

Average Home Prices* (per sq ft)

Average monthly rentals for a 2 BHK unit**

Dwarka Expressway

Rs 4,600-5,700

Rs 10,000-13,000


Sohna Road:
Located to the South of Gurgaon in Haryana, Sohna Road has been one of the fastest-growing residential belts with adequate infrastructure and commercial hubs in and around the locality. The region enjoys excellent connectivity to several developed areas of the city, which include the Golf Course Extension Road and Netaji Subhash Marg. Moreover, the region also enjoys easy accessibility to Delhi (51 kms approx.), Faridabad (42 kms approx.) and other regions of NCR. It is in proximity to a plethora of prominent institutions, schools, healthcare units, and banks via an excellent network of railways and roadways. Dotted with a wide range of residential projects in various budget categories, the area houses over 4,500 projects with over 70 percent ready-to-move-in. (Source: 99acres.com)

Locality

Average Home Prices* (per sq ft)

Average monthly rentals for a 2 BHK unit**

Sohna Road

Rs 5,000-6,800

Rs 16,000-21,000

Owing to the massive ongoing construction and a simultaneous focus on infrastructure development, Gurgaon is considered an investment hub for both new and seasoned homebuyers. With continuous commercial growth, the localities mentioned here are considered to be some of the  lucrative options for residential investments in the city.

 *Average home prices depict ‘ask’ prices of apartments based on listings posted on 99acres.com for both new unit and resale categories
**Average monthly rentals depict ‘ask’ rates in residential leasing based on listings posted on 99acres.com