Choosing the perfect location: New Gurugram or Dwarka Expressway is one of the most important decisions you will make. Real estate investment is a momentous decision that involves thorough contemplation, research, and a deep evaluation of the pros and cons. Location, infrastructure, connectivity, appreciation potential, etc., emerge as essential parameters to reflect. And this puts Gurgaon at the top of the wish list of people who want to buy property.
From being an agricultural village until the 70s to becoming a real estate hub, Gurgaon has witnessed dramatic growth over years. Today, it houses over 250 Fortune 500 company offices, resulting in an influx of the working population. Additionally, its proximity to Delhi and IGI Airport and connectivity to the yellow line of the Delhi Metro act as catalysts. Furthermore, offering freehold properties makes it the most desirable location to invest.
Gurgaon offers two ideal locations for buying a dream home- New Gurgaon and Dwarka Expressway. Both locations have several high-rise and low-rise projects that promise affordability, top amenities, and world-class living standards.
Read further to gain an insight into what each location offers you.
Dwarka Expressway
Also known as Northern Peripheral Road, Dwarka Expressway is a propitious real estate corridor in NCR. Every real estate expert substantiates its potential to be the best residential space in the future.
Why invest in Dwarka Expressway?
Dwarka Expressway is on its way to becoming the most promising corridor. Here are the five features that set it apart from other real estate areas.
1. Unmatched Physical and Social Infrastructure
Dwarka Expressway sits in a strategic location. It is well-connected to several premium educational institutions, business districts and office spaces, hospitals, shopping arcades, restaurants, etc. Moreover, it is well connected to the IGI Airport, railway stations like Delhi Cantonment, Palam Vihar, Bijwasan, etc. and NH-8.
2. World-Class Amenities and Facilities
If you buy property in Dwarka Expressway, you get your hands on world-class amenities and facilities. Both high-rise and mid-rise projects house lush lawns, parks, sports arenas, well-equipped gyms, clubhouses, and more.
3. Affordability
As compared to other developed areas of Gurgaon, sectors along Dwarka Expressway are affordable. Along with luxury projects, several builders have conceptualized residential projects keeping in mind the lower to middle-class income categories. Moreover, as the expressway is still under construction, the properties are under the purchasing power of one and all.
4. Better ROI
Dwarka Expressway is a hot real estate market for investment right now because of several reasons. First and foremost, it is still under construction. So you can expect better returns in the future. Secondly, RERA, increase in Floor Area Ratio, etc., have resulted in a price drop, making it an ideal investment today.
5. Capital Appreciation
Numbers say that Dwarka Expressway has observed a nine percent appreciation in average capital in the past three years. In 2018, the rate was Rs. 4,760 per sq. ft. In 2020, it reached Rs. 5,200 per sq. ft. Post-pandemic, it is around Rs. 6,000 per sq. ft.
New Gurugram
Another promising location in Gurgaon is New Gurugram, which sits between Gurgaon and Manesar in Haryana. It comprises Sectors 76-86, 89-93, and Sectors 82 A, 88A, 89A, 95, and 95A.
Looking at the ever-rising consumer demand, many leading names in the real estate market have launched their projects, helping New Gurugram emerge as a lucrative option for home buyers.
Why invest in New Gurugram?
New Gurugram has a lot to offer to property buyers. Here are some reasons to consider investing here.
1. Excellent Social Infrastructure
The social infrastructure of New Gurugram is excellent. Many leading educational institutions, hospitals, hotels, restaurants, and shopping arcades are just a stone’s throw away, making it convenient for the dwellers.
2. Ready-To-Move Properties Available
A factor that keeps New Gurugram on the radar of property buyers is the availability of several ready-to-move-in properties. Furthermore, several projects are on the verge of completion, giving it an upper hand over other residential areas across Delhi-NCR.
3. Affordability
While Gurgaon offers highly priced properties, New Gurugram serves affordable properties on the platter for home buyers and investors. The average property prices in New Gurugram are around INR 6,275 per sq. ft as of H2 2022.
New Gurugram houses projects by developers catering to buyers from every income bracket. Hence, a person from any strata can buy property in New Gurugram.
4. Excellent Amenities in Budget
Many leading investors are offering their properties having a state-of-the-art infrastructure and lavish amenities on a budget. Property owners can expect spacious homes, large gardens, enchanting landscapes, and modern facilities.
5. Better Growth Prospects
The property appreciation rate in New Gurugram is commendable. According to research conducted by ANAROCK, in the last four years, the property rates in New Gurgaon have escalated by five percent, from INR 5,980 per sq. ft in 2017 to around INR 6,275 per sq. ft currently.
Selecting the ideal location for your big buy from these two wonderful options is certainly a hard nut to crack. While on one side Dwarka Expressway offers excellent infrastructure, amenities, facilities, and better return on investment, you can easily find properties that are ready to move in and affordable in New Gurugram. Hence, reach out to a real estate expert to seek help.
Finally, Buying a house is a milestone moment in anyone’s life, and one cannot afford to be incautious in this respect. If you are buying property in New Gurugram or Dwarka Expressway, consult YHATAW, the top property consultant in Gurgaon to help you make an informed decision. We hope the information shared here will help you find your dream home.