While property prices may be increasing across several parts of Delhi-NCR circuit, there are still areas that promises residential property within budget price bracket. Here are four such localities from Gurgaon.
Whether high-end residential societies, studio apartments, resale properties or affordable housing options, Gurgaon real estate market has always been first choice for home buyers owing to the many options available. The housing demand here is driven by the flourishing IT sector and migration of working professionals from different cities.
If you are one of working professional in Delhi–NCR region and planning to buy house in the Millennium City, here are the four most promising areas in terms of residential budget property availability:
Hasanpur is new emerging residential destination of Gurgaon. It is located 27 km from the Indira Gandhi International airport. The long stretch of national highway -08 passing through the suburb provides smooth connectivity with prominent locations of Gurgaon. Sectors such as 92, 69, 107, 50, 22, 62, 88B and sector 24 Dharuhera are the emerging localities of Hasanpur and buzzing with real estate activity too. The locality has witnessed several new project launches which are in affordable price range. The average property price here ranges between Rs 1,600 – 2,500 per sq ft. The prominent real estate builders such as RLF, Paras City Homes, Piyush Group, MGI developers etc. are active in this locality. The affordable projects lined up in this area – Sarakar Residency, Parnkuti, The Habitat etc.
Sector 94, Bhiwadi
A well-developed locality, Sector 94, Bhiwadi in Gurgaon is witnessing many real estate activities. The locality is buzzing particularly with regards to several upcoming new residential projects. Sector 94, Bhiwadi is surrounded with many well-developed regions like Sector 106A, Sector 107, Sector 51, Sector 54, Sector 56, Sector 57, Sector 61, Sector 64, Sector 65 and Sector 73 in Bhiwadi. These sectors surrounds the locality which attracts home buyers to buy property in this locality.
The average property prices here ranges between Rs 2,250 – 2,700 per sqft. Some of low cost property options available in this locality include Trehan Home Developers Delight Residence, SSG Group Shivraj Residency, Innovative Groups Bhiwadi Heights, Trehan Home Developers Status Residency and SSG Group Shivraj Residency which offers 1 BHK and 2 BHK apartments.
After Gurgaon’s central location, Sohna Road is the fast emerging locality in the Delhi-NCR real estate market. It is growing constantly in terms of livability index and civic infrastructure. The area is located south of Gurgaon and proximity to Delhi and international airport. The locality is famous for affordabile housing projects and this has been rated high in a market research report by Cushman & Wakefield too. Most of the residential projects launched here lie between the range of Rs 37 – 58 lakh for 2 BHK flats and Rs 61 – 89 lakh for 3 BHK flats.
Sohna Road has number of functional shopping malls such as Galleria, Omaxe, Ninex Mall and is blessed with almost all civic amenities like schools and hospitals in the vicinity.
Sector 33, Bhiwadi
Sector 33, Bhiwadi is one of the most comfortable area of Gurgaon which offers ample property options like 1 BHK, 2 BHK and 3 BHK apartments with built up area ranging between 555 sq ft to 1,950 sq ft. The sector is enclosed with some of the well-developed area such as Sector 15 Bhiwadi, Sector 16 Bhiwadi, Sector 18 Bhiwadi, Sector 22 Bhiwadi and Sector 3 Dharuhera. The property price here ranges between Rs 2,600 – 3,000 per sq ft.