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A number of nationwide developers, such as Godrej, Oberoi, Adani, and DLF, have recently purchased property in Gurugram with the intention of constructing residential complexes. Prestige and Sobha are also showing a strong interest in the city’s real estate market by expressing their desire to purchase land there.
Developers are now concentrating on Golf Course Road Extension, Gwal Pahadi, Dwarka Expressway, and the Southern Peripheral Road (SPR) as values on desirable Golf Course Road and MG Road have peaked.
Developers Are Focusing On The Prestigious Golf Course Extension Road, Gurugram
Along with their concentration on the Dwarka Expressway and SPR, local developers Signature Global and Raheja have also lined up projects in other micro-markets. Meanwhile, TARC, M3M, Smartworld, and Anant Raj have scheduled debuts on the Golf Course Extension Road.
We are contributing to this booming ecosystem as developers across the country look to capitalize on Gurugram’s real estate boom,” stated Amar Sarin, MD and CEO of TARC.
Oberoi Realty said in November of last year that it has paid ₹597 crore to acquire 14.8 acres of property in Gurugram’s Sector 58.
The Upcoming Projects On Golf Course Road Extension, Gurugram
Adani obtained the land for its next project in Gwal Pahadi, close to the Delhi border, through the bankruptcy of a developer with its headquarters in Gurugram.
DLF, the largest real estate business in India in terms of area developed and market value, purchased 29 acres of property on Golf Course Road Extension for 825 crore.
“The latest purchases made by property developers indicate a group dedication to promoting the city’s expansion,” stated Signature Global chairman and founder Pradeep Aggarwal. “The arrival of real estate developers, with a common goal of shaping Gurugram’s skyline, showcasing a collaborative spirit that rise competition.”
The Booming Gurugram Important Micro Markets
In Gurugram’s important micro markets, Signature Global holds a 30% market share. With regard to mid-range and cheap housing, it has a 19% market share in the National Capital Region (NCR).
The managing director of residential services at Cushman & Wakefield, Shalin Raina, stated that, “Gurugram’s residential market has witnessed exponential growth, boasting some of the finest projects, with a booming luxury segment capturing 47% of Delhi NCR’s market share in the fourth quarter of 2023.”
Due to the availability of the required social amenities and facilities, developers and home buyers are paying close attention to premium submarkets like Golf Course Road Extension, NH8 area, and Sohna Road.
Source-TOI
