Fastest Growing Areas in Gurgaon

July 29th, 2024

Top 9 Fastest Growing Areas in Gurgaon

With rising demand for housing and commercial spaces, Gurgaon has transformed into a dynamic metropolis. This blog details key growth factors, prime investment opportunities, and fastest growing areas in Gurgaon.

Nestled in the bustling landscape of India’s National Capital Region (NCR), Gurgaon is a vibrant city marked by rapid urbanisation and ever-growing opportunities, drawing savvy investors and buyers of opulent homes. Luxury housing – exemplified by exclusive enclaves like Golf Course residences for the discerning 1% club – is in high demand in the city.

This surge is mirrored by a growing need for cutting-edge commercial spaces, driven by the city’s prominence as a corporate powerhouse. Understanding Gurgaon real estate is important for investors seeking profitable opportunities and homebuyers in pursuit of their dream residence. In this blog, you can explore 9 fastest growing areas in Gurgaon that offer excellent promise and unparalleled potential.

Factors Driving Growth in Gurgaon

Millennium City’s explosive real estate growth hinges on strategic factors. Its proximity to key areas of NCR, seamless transport facilities, and ongoing & upcoming infrastructure projects have been attracting heavy investment. Gurgaon also hosts diverse housing options catering to all budgets. Read on to know in detail the factors driving its growth.

  • Strategic Location

    Gurgaon’s proximity to major roads such as NH48 and Dwarka Expressway, along with well-connected metro stations and business centres, has been pivotal in driving the growth of its key areas. The city’s extensive network of roads, including the Delhi-Gurgaon Expressway, Southern Peripheral Road, and Sohna Road, provides seamless connectivity to various parts of the National Capital Region (NCR).

    Its robust metro network (Rapid Metro and Delhi Metro) has significantly improved accessibility within the city and with key areas of NCR. Furthermore, the presence of major business hubs such as Cyber City has made it a prime destination for professionals seeking convenient housing options, fuelling the demand for residential properties.

  • Infrastructure Development

    Ongoing infrastructure projects have been the driving force behind the increase of fastest growing areas in Gurgaon. Construction of flyovers, widening of major roads like Sohna Road and Golf Course Extension Road, and expansion of the metro network have significantly boosted connectivity and accessibility in the city.

    These infrastructure projects have eased traffic congestion, reduced travel times, and enhanced the appeal of areas for both residential and commercial investments. Furthermore, the launch of the Delhi-Mumbai Expressway and the proposed metro corridor are expected to further boost investor interest in upcoming neighbourhoods such as Sector 88A and New Gurgaon.

  • Affordability and Variety

    Gurgaon’s real estate landscape offers a diverse range of housing options catering to various budgets and lifestyles, from luxury apartments and Golf Course residences to affordable homes. For the discerning homebuyer seeking a premium lifestyle, the city hosts a selection of high-end properties featuring world-class amenities, stunning views, and exclusive access to golf courses.

    Alongside these luxury offerings, Gurgaon also has an affordable housing market, with sectors 81, 82, and 95 witnessing the development of numerous projects that cater to the needs of middle-income homebuyers. Apart from apartments and villas, the city’s residential options include builder independent floors, row houses, duplexes, and even plots of land for customised construction – providing homebuyers with the flexibility to choose their dream homes.

  • Future Developments

    Gurgaon’s future development plans are poised to take the city to new heights. One of the most significant upcoming projects is the Mass Rapid Transit System (MRTS) Corridor, which will revolutionise connectivity within & beyond Gurgaon. Additionally, the city is becoming a greener and more sustainable destination, with initiatives such as planting trees, developing parks, and integrating eco-friendly practices like rainwater harvesting and green building standards.

    Gurgaon’s future also includes the development of commercial and industrial hubs, which will attract businesses and create new job opportunities – further fuelling the demand for residential properties in the city. With a whopping 16,021 hectares (16,02,10,000 sq m) of land designated for residential purposes, the city will continue offering a diverse range of housing options.

Top 9 Fastest Growing Areas in Gurgaon

Each of these areas offers unique advantages – such as developed infrastructure on Sohna Road, luxury residential focus of Golf Course Extension Road, connectivity when it comes to Dwarka Expressway, central location of MG Road, and more. Additionally, other thriving sectors offer diverse lifestyles and promising investment opportunities.

  1. Sohna Road

    The area features well-developed infrastructure, strategic proximity to commercial hubs (Spaze ITech Park, Vatika Business Park), educational institutions (GD Goenka World School, KR Mangalam University), and healthcare facilities (Park Hospital, Artemis Hospital). Sectors 49, 70, 71 are rapidly expanding, with new residential and commercial projects – attracting residents from diverse backgrounds.

    Connectivity to Golf Course residences enhances the appeal of Sohna Road, while its widening & proximity to Southern Peripheral Road (SPR) and NH48 ensure seamless connectivity to key areas of Gurgaon. The upcoming Delhi-Mumbai Expressway spanning 1300 km is set to elevate property prices in Sohna and New Gurugram.

    The average price of residential properties in Sohna Road is ₹10,689 per sq ft.

  2. Golf Course Extension Road

    This area has emerged as a premier real estate destination, appealing to both homebuyers and investors. This thriving corridor is renowned for luxury Golf Course residences and high-rise developments. Enhanced connectivity via NH48 and Gurgaon-Faridabad Road, complemented by Rapid Metro Phase II, has bolstered its strategic location.

    Infrastructure improvements like a widened 6-lane road, flyovers, and underpasses have eased traffic congestion. The development of commercial hubs and green spaces has enhanced liveability. Residents benefit from robust social infrastructure – top schools (DPS International, Lancers International School), healthcare facilities (Max Hospital, Paras Hospital), and recreational centres – in the vicinity.

    The average price of residential properties on Golf Course Extension Road is ₹12,978 per sq ft.

  3. Dwarka Expressway

    This strategically located corridor has swiftly emerged as a powerhouse in Gurgaon’s real estate market, enticing both homebuyers and investors. Linking Gurgaon to Delhi and offering seamless access to IGI Airport and key areas of NCR, Dwarka Expressway has seen a surge in real estate activity. High-rise apartments, integrated townships, and luxurious residences from prominent developers characterise the area. Growing social infrastructure – including schools (Euro International and Matrikiran High School), healthcare facilities, and avenues for shopping / recreation – have enhanced the appeal of this corridor.

    The average price of residential properties on Dwarka Expressway is ₹9492 per sq ft.

  4. New Gurgaon (Sectors 81-95)

    This has emerged as one of the fastest-growing areas in Gurgaon, attracting homebuyers and investors with its strategic location near Dwarka Expressway – providing easy access to Delhi and the airport. Also, Sector 80 is being developed with a focus on providing a well-rounded lifestyle, with growing social infrastructure that includes schools, healthcare institutions, leisure avenues, and other facilities. With integrated townships commanding higher rates, and attractive rental yields in these sectors, New Gurgaon investments have become quite appealing.

    The average price of residential properties in New Gurgaon is ₹9450 per sq ft.

  5. Sectors 108 & 109

    These have emerged as two of Gurgaon’s fastest-growing areas, attracting homebuyers and investors with their strategic location that provides easy access to NH48 (Delhi-Gurgaon Highway) and Dwarka Expressway.

    Sectors 108 and 109 have excellent social infrastructure, including schools (Euro International School / Gyaananda School / Sri Ram School), healthcare (Rion’s MultiSpeciality Hospital /Park Hospital), shopping avenues (Ambience Mall), and other facilities. As Gurgaon evolves further, this corridor is poised to become one of the city’s fastest-growing areas, redefining the NCR real estate landscape and enhancing its overall appeal.

    The average price of residential properties in Sector 108 Gurgaon is ₹20,000 per sq ft.

  6. MG Road

    Mehrauli-Gurgaon Road has emerged as one of the fastest-growing areas in the city, with remarkable transformation into a hub for commercial and residential development. Strategically located, the road connects Gurgaon to Delhi, passes through key sectors, and has a significant overlap with the Delhi-Gurgaon metro line.

    The area offers a vibrant lifestyle, with shopping malls (Grand Mall / Plaza Mall), restaurants (The Wine Company / Farzi Cafe), and recreational centres (DLF CyberHub / Kingdom of Dreams), as well as well-developed social infrastructure. As the city grows, MG Road is poised to remain one of its fastest-growing areas.

    The average price of residential properties on MG Road Gurgaon is ₹23,850 per sq ft.

  7. Sectors 56 and 57

    Located along the Golf Course Extension Road, these have emerged as thriving real estate hubs in the city. Strategically located with easy access to major roads of Gurgaon and key areas of NCR, these sectors have seen a surge in residential and commercial development, attracting homebuyers and investors.

    Sectors 56 and 57 offer a well-rounded lifestyle with excellent social infrastructure – including schools (Scottish High International School / Shalom Hills International School), healthcare (Artemis Hospital / Paras Hospitals), shopping centres (Hong Kong Bazaar / South Point Mall), and other amenities – enhanced by green spaces.

    The average price of residential properties in Sector 56 Gurgaon is ₹9818 per sq ft.

  8. Sectors 68 and 69

    Situated near Southern Peripheral Road (SPR) and Sohna Road, these sectors have emerged as thriving real estate hubs in Gurgaon. Strategically located with easy access to major roads and areas, these sectors have been growing exponentially in the recent past. You can enjoy a vibrant lifestyle with growing social infrastructure – including schools (Indus World School), healthcare (Medanta Medicity Hospital), shopping areas (Good Earth City Center Mall), and more.

    The average price of residential properties in Sector 68 Gurgaon is ₹11,280 per sq ft.

  9. Sector 80 – Karma Lakelands

    Discover a unique resort-style living experience centred around a 9-hole golf course in Sector 80, Gurgaon. Explore luxury apartments with golf course views, world-class clubhouse with modern amenities, and expansive green spaces. As one of the few golf course communities in India, SOBHA Aranya at Karma Lakelands provides an exclusive living experience and a chance to enter the 1% Club.

    Located in Sector 80, the eco-friendly campus is well-positioned to capitalise on its excellent growth potential. Karma Lakelands has been maintaining its appeal as a premier residential destination in Gurgaon, with its unique golf course living experience and commitment to sustainability.

Which Area in Gurgaon is Right for You?

When it comes to investing in one of Gurgaon’s fastest-growing areas, the choice can be overwhelming. Consider factors such as your budget, lifestyle preferences, social infrastructure, and commute time – to determine the area that best suits your needs.

  • Comparison of Fastest Growing Areas

    Gurgaon has witnessed remarkable growth in recent years, with areas such as Dwarka Expressway, Golf Course Extension Road, and Southern Peripheral Road (SPR) emerging as prime destinations for real estate investment. Each area has its unique advantages, from the connectivity of Dwarka Expressway to the thriving social infrastructure of Golf Course Extension Road.

  • Amenities and Lifestyle Offerings

    Gurgaon has something for everyone – in terms of amenities and lifestyle. Sectors 56-57 and 68-69 near the SPR offer a well-rounded lifestyle and have a growing social infrastructure – including leading schools, healthcare facilities, shopping avenues, and recreational facilities. On the other hand, Golf Course Extension Road offers a vibrant urban environment with a range of options for dining, entertainment, and leisure.

  • Investment Potential and Future Growth Prospects

    Gurgaon’s real estate market has been on an upward trajectory, with areas such as Sector 106 and Karma Lakelands in Sector 80 offering attractive investment opportunities. Prices for apartments in these areas range from ₹5000 to ₹15,000 per sq ft, with integrated townships and luxury projects commanding even higher rates. The rental yields in these sectors have also been quite attractive, making them appealing investment propositions.

Recommendations for Buyers

When choosing the right area in Gurgaon, it is essential to consider your specific needs and preferences.

  • For investors, areas such as Dwarka Expressway and SPR offer promising investment potential, with steady price appreciation and attractive rental yields.
  • Families seeking a well-rounded lifestyle will find sectors 56-57 and 106 particularly appealing, while luxury enthusiasts may prefer Karma Lakelands, Sector 80 for its expansive campus that also hosts an award-winning golf course.

The choice of the fastest-growing area in Gurgaon will depend on your individual requirements and budget. However, with its strategic location, well-developed infrastructure, and thriving real estate market, the city offers a wide range of options to suit every buyer profile. Whether you are an investor, young professional, or family, there is a sector in Gurgaon that is just right for you.

Other Potential Areas

Explore Gurgaon’s diverse real estate landscape through its growing sectors. From prime locations near business centres in Sectors 70-78 to the connectivity of 37C via Dwarka Expressway, and the planned infrastructure & commercial growth in Sectors 82, 109, 88, & 102, each area offers unique investment potential and residential appeal in this thriving city.

  • Sectors 70-78: Prime locations near major business centres make these ideal for residential living and investment opportunities in the city’s ever-growing real estate market
  • Sector 37C: Known for robust infrastructure development and proximity to Dwarka Expressway
  • Sector 82: Emerging as a residential & commercial hub with planned infrastructure and amenities
  • Sector 88: Rapidly developing area with planned residential projects and proximity to commercial zones
  • Sector 102: Growing residential area with upcoming infrastructure projects and accessible amenities

Conclusion

Gurgaon’s fastest-growing areas offer prime opportunities for both investors and residents. With strategic locations, robust infrastructure, and promising future developments, these areas are ideal for anyone looking to invest in a thriving real estate market. They offer a spectrum of housing options from luxury apartments to affordable homes, appealing to diverse budgets and lifestyles.

With upcoming residential and commercial projects promising continued growth, areas such as Sohna Road, Golf Course Extension Road, Dwarka Expressway, and New Gurgaon (Sectors 81-95) stand out for their vibrant amenities and robust property trends.

Whether you seek excellent investment potential or thriving community, these areas epitomise Gurgaon’s dynamic real estate landscape, where strategic location meets promising prospects. Explore these dynamic locales and find your perfect investment opportunity today.

FAQs

1. What are the key factors driving growth in Gurgaon?

The key factors driving growth in Gurgaon are its strategic location near major highways, presence of large business hubs, continuous infrastructure enhancements such as expanded connectivity and metro extensions, diverse housing options catering to various budgets, and the anticipation surrounding upcoming residential developments.

2. Which are some of the fastest-growing areas in Gurgaon?

Some of the fastest growing areas in Gurgaon are Sohna Road, Golf Course Extension Road, and Sectors 70-78. Emerging areas such as Dwarka Expressway and Sector 80 also offer great potential in Gurgaon's real estate landscape.

3. What should I consider when choosing an area in Gurgaon?

When choosing an area in Gurgaon, you should consider factors such as your budget & lifestyle preferences, preferred social infrastructure such as schools and hospitals, average commute duration, thriving community, and location (tranquil surroundings v/s vibrant urban area).

4. Is Gurgaon a good place to invest in real estate?

Yes, Gurgaon is a good place to invest in real estate as it has excellent potential for real estate investment, particularly in its rapidly developing areas. Conducting thorough research and seeking advice from professionals are advisable, before making any investment.

5. Where can I find more information about Gurgaon's real estate market?

You can find more information about Gurgaon’s real estate market on online real estate portals, property consultant websites, or relevant industry events. This blog is an excellent starting point to understand fastest growing areas in the city, and conducting additional research is highly recommended.

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