Development of finest civic infrastructure, smooth connectivity good supply of office spaces and slew of new residential projects is drawing end- users and investors. Happykeys examines the locality prospects.
According to Residential Investment Advisory Report 2016 released by real estate consultancy Knight Frank, Golf Course Extension Road is an emerging real estate hub that has the potential to offer the highest price appreciation in the NCR region in next five years.
Golf Course Extension Road is encircled by many well established sectors of Gurugram. Prominent areas such as Phase I, Phase IV and Phase V make this locality popular choice for residential and commercial property. If you observe the property price trends of this area for last five years, it has risen by 49.23 per cent (Rs 6,500 per sq ft in 2011 to Rs 9,700 per sq ft.in July 2016). This has increased the demand for open plots in the Golf Course Extension Road.
In terms of connectivity, the Golf Course Extension Road is six-lane that connects to Gurugram via Golf Course Road and Sohna Road. The same road also offers connectivity to the Indira Gandhi International Road. The new railway station is located at a distance of 37 km only. The Rapid Metro Rail Ltd. will be stretched from Sikandarpur to sector 55 and sector 56 along the Golf Course Extension Road. Excellent connectivity and convenience is attracting new home buyers and investors, and this has led to launch of new residential and commercial projects in the area.
High potential for price appreciation
Golf Course Extension Road’s strategic and prominent location makes it a great investment destination for investors. The price of apartments on Golf Course Extension Road ranges from Rs 6,800 – Rs 9,700 per sq ft. The average price here is Rs 8,200 per sq ft.
Experts say residential projects here is ideal for investment. Apart from offering enormous social infrastructure, the locality has many for end users. The Delhi Metro Rail Corporation is also stretching its yellow line which currently from Jahangir Puri till Huda City Centre and Manesar. The proposed extension will bring this area in direct touch with large part of NCR. The area along the metro corridor is likely to see high-level price appreciation in near future.
Property experts avers that the growing commercial hub in the vicinity will have cascading impact on residential demand in the area and this would be big boon for developers.
Residential projects to invest
Golf Course Extension Road houses many residential apartments which are in their different phase of construction. Many renowned real estate developers are constructing projects in this locality. DLF has many ongoing projects in this locality such as Pinnacle, Magnolias, Aralias, the Icon and the Belaire.