Golf Course Extension Road: Gurgaon's Promising Realty Growth Corridor
Gurgaon, an investor-friendly market, is also the most desired hub when it comes to high-end living. There is a large supply of residential properties as well as commercial and office spaces. Through several infrastructure projects and initiatives by the state government, the skyline of this national capital region (NCR) town has certainly changed for the better, over the past decade. With infrastructure development happening in full force, the Millennium city is now beginning to meet the living standards of other established micro-markets of the NCR viz. Noida and Greater Noida. A sound land acquisition policy is an added advantage for Gurgaon that has maintained its position as a preferred investment destination.
Golf Course Extension Road, a bustling corridor in the city, reflects all the above features about this satellite city of Delhi.
PropGuide explores the factors which make Golf Course Extension Road a growth corridor for Gurgaon.
Accessibility from Golf Course Extension Road
This locality is connected to the National Highway 8 (also connecting Rajiv Chowk) which is a big growth driver for the real estate market in the area. The Indira Gandhi International Airport is just half an hour's drive away from the location. Besides, the Gurgaon-Faridabad Road and DMIC (Delhi Mumbai Industrial Corridor) are easily accessible from here.
Localities covered under Golf Course Extension Road
Golf Course Extension Road starts from Sector 55 and links up to Sector 66, finally reaching Sohna Road. New sectors along this stretch include Sector 61, 62, 65, 66 and 67 while old sectors comprise Sector 55, 56, 57, 49 and 50.
Infrastructure in Golf Course Extension Road
Services of the Rapid Metro Phase II, which was launched last month, has improved connectivity to Gurgaon and has brought major relief to commuters. The metro route runs along the entire Golf Course Extension Road.
Construction work on the road dividing sectors 66 and 67, is underway. This task which has been undertaken by the Haryana Urban Development Authority (HUDA) , will help reduce travel time between the Golf Course Extension Road and Sohna. Repairs and road widening work in Golf Course Extension Road, was recently undertaken, for reducing traffic congestion.
Social infrastructure is well-developed in and around the region. They entail reputed schools, healthcare centres, local markets, convenience stores, shopping malls and recreational centres.
Housing options in Golf Course Extension Road
The area is replete with large townships and mixed-use properties, with good availability of ready-to-move homes, as well as under-construction properties. IREO and M3M are prominent developers in the neighbourhood. As the name of the locality suggests, availability of golf themed townships is a notable feature of the area.
Price range in the area is between Rs 7,000-20,000 per sq ft. Average property prices in the area are Rs 11,523 per sq ft.
There is ample demand for rental properties due to the corporate office spaces located nearby, which attracts a significant migrant, working population to this locality. Average monthly rental in the region is close to Rs 30,000 for a 2-BHK apartment.
Future trends for Golf Course Extension Road
Golf Course Extension Road presents a very promising picture as far as returns on investment are concerned. Good connectivity and infrastructure will play a crucial role in sustaining the real estate growth in the area.