It is interesting to note that what we have been talking about for over a year now is now also ratified by other Industry Experts too. HT Estates covered an article about the top 10 destinations to invest in Indian Real Estate and confirmed Golf Course Extension to be amongst the top 3 destinations to invest in.

So, what makes this specific location the most sought after not only from the city perspective but also from the country’s perspective.

Here is our analysis of this Hot New Destination:

The Golf Course Extn. Road (also called the Southern Periphery Road or SPR) is the road that connects the existing Golf Course Road to the Sohna Road presently, this road is planned to extend and meet the NH-8 near Haldirams. Considering the fact that the existing Golf Course Road is one of the most sought after locations for Premium Housing in Gurgaon and for the Luxury Homes in Gurgaon. Now, there is not much land available on this road, so by default, just like any other city, the next area closest to the CBD becomes the preferred destination and Golf Course Extension Road fits in absolutely well.

Another most important reason is the quality of proposed developments and the quality of developers with large land holdings in this area. Amongst some of the better developers of real estate in India, we have Ireo with major presence on this road, with more than 500 acres of land being with Ireo where the Ireo City is shaping up and smaller chunks with other key developers like Pioneer Urban, Emaar MGF and the likes.

All these developers are only bringing in High Quality Residential Apartments with top of the line features both indoors and outdoors. In our analysis, this area is actually poised to change the epicentre of Gurgaon. The reason is simple and logical, once these new upmarket developments start taking shape, this area is going to become the most sought after residential estate in Gurgaon. Its almost like saying that this area is poised to become what “South Delhi” is for Delhi.

Another interesting fact is that unlike the existing developments of Gurgaon, which were more unplanned, these new sectors along the Golf Course Extension Road are better planned, with earmarked spaces for Commercial, Residential and Retail. Apart from this the road width has been revised for these new sectors and the internal sector roads are now going to be much broader than the existing Dlf or Gurgaon area as we see.
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  • That is exactly what i have been trying to say for the past 1 yr .......
    Also another point , in just a matter of few years , this place should overtake the prices of the GOLF COURSE ROAD ..... obviously there would be project to project variations , but for projects with similar specs , gc ex projects would surpass prices of GC road . The reasons are as mentioned below in the article , and another reason which i can think of the "Posh locality" quotient would be aded to to gc ex ....

    Originally Posted by amit001
    It is interesting to note that what we have been talking about for over a year now is now also ratified by other Industry Experts too. HT Estates covered an article about the top 10 destinations to invest in Indian Real Estate and confirmed Golf Course Extension to be amongst the top 3 destinations to invest in.

    So, what makes this specific location the most sought after not only from the city perspective but also from the country’s perspective.

    Here is our analysis of this Hot New Destination:

    The Golf Course Extn. Road (also called the Southern Periphery Road or SPR) is the road that connects the existing Golf Course Road to the Sohna Road presently, this road is planned to extend and meet the NH-8 near Haldirams. Considering the fact that the existing Golf Course Road is one of the most sought after locations for Premium Housing in Gurgaon and for the Luxury Homes in Gurgaon. Now, there is not much land available on this road, so by default, just like any other city, the next area closest to the CBD becomes the preferred destination and Golf Course Extension Road fits in absolutely well.

    Another most important reason is the quality of proposed developments and the quality of developers with large land holdings in this area. Amongst some of the better developers of real estate in India, we have Ireo with major presence on this road, with more than 500 acres of land being with Ireo where the Ireo City is shaping up and smaller chunks with other key developers like Pioneer Urban, Emaar MGF and the likes.

    All these developers are only bringing in High Quality Residential Apartments with top of the line features both indoors and outdoors. In our analysis, this area is actually poised to change the epicentre of Gurgaon. The reason is simple and logical, once these new upmarket developments start taking shape, this area is going to become the most sought after residential estate in Gurgaon. Its almost like saying that this area is poised to become what “South Delhi” is for Delhi.

    Another interesting fact is that unlike the existing developments of Gurgaon, which were more unplanned, these new sectors along the Golf Course Extension Road are better planned, with earmarked spaces for Commercial, Residential and Retail. Apart from this the road width has been revised for these new sectors and the internal sector roads are now going to be much broader than the existing Dlf or Gurgaon area as we see.
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  • Originally Posted by ISHANb
    That is exactly what i have been trying to say for the past 1 yr .......
    Also another point , in just a matter of few years , this place should overtake the prices of the GOLF COURSE ROAD ..... obviously there would be project to project variations , but for projects with similar specs , gc ex projects would surpass prices of GC road . The reasons are as mentioned below in the article , and another reason which i can think of the "Posh locality" quotient would be aded to to gc ex ....


    Bhagwan sabki sunega. but yeah batao, GCX area on the developing side is low lying area compared to older sectors. and therefore whole of gurgaons rain water and sewer will flow into that area and instant flooding will also be there during light rains. therefore u suggest all investors to book a luxurious speed boat along with every apartment, parkings can be created at 1st floor or second floor level. seems like Venice of the east in making
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  • Good one...but the fact is investors are happy with this news! They have nothing to do with rains or water problems and such problems does not have negative impact on the rates.
    In 2008 or 09, rain water entered into Belvedere Park in DLF 2 & 3 in the parking. People's luxury cars were floating in the parking and collided with other cars and walls. The situation is still the same, they do some temporary arrangement during rains. Has it reduced the rates in the society, no. Infact, rates increased like anything.
    Ye India hai.....yahan wo cheez sabse mehngi bikti hai jiski sabse zyada hawa hoti hai...


    Originally Posted by anubhaviit
    Bhagwan sabki sunega. but yeah batao, GCX area on the developing side is low lying area compared to older sectors. and therefore whole of gurgaons rain water and sewer will flow into that area and instant flooding will also be there during light rains. therefore u suggest all investors to book a luxurious speed boat along with every apartment, parkings can be created at 1st floor or second floor level. seems like Venice of the east in making
    CommentQuote
  • Originally Posted by dsinghca
    Good one...but the fact is investors are happy with this news! They have nothing to do with rains or water problems and such problems does not have negative impact on the rates.
    In 2008 or 09, rain water entered into Belvedere Park in DLF 2 & 3 in the parking. People's luxury cars were floating in the parking and collided with other cars and walls. The situation is still the same, they do some temporary arrangement during rains. Has it reduced the rates in the society, no. Infact, rates increased like anything.
    Ye India hai.....yahan wo cheez sabse mehngi bikti hai jiski sabse zyada hawa hoti hai...


    excatly, but ab toh dlf 2-3 ka pani bhi yahin aane aawala hai, dekhte jao
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  • LOL :D. A good one .

    So, for booking on the Gcx. road, i need to increase my budget :bab (6):. I need to order an Speed boat too . LOL, but i would prefer a yacht, instead :bab (45):.


    Originally Posted by anubhaviit
    Bhagwan sabki sunega. but yeah batao, GCX area on the developing side is low lying area compared to older sectors. and therefore whole of gurgaons rain water and sewer will flow into that area and instant flooding will also be there during light rains. therefore u suggest all investors to book a luxurious speed boat along with every apartment, parkings can be created at 1st floor or second floor level. seems like Venice of the east in making
    CommentQuote
  • Originally Posted by MANOJa
    LOL :D. A good one .

    So, for booking on the Gcx. road, i need to increase my budget :bab (6):. I need to order an Speed boat too . LOL, but i would prefer a yacht, instead :bab (45):.


    well i have taken a cue from Palam vihar , it was also decade ago as hot as GCX, but decades of sewer flowing cooled everything down there.
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  • Originally Posted by amit001
    It is interesting to note that what we have been talking about for over a year now is now also ratified by other Industry Experts too. HT Estates covered an article about the top 10 destinations to invest in Indian Real Estate and confirmed Golf Course Extension to be amongst the top 3 destinations to invest in.

    So, what makes this specific location the most sought after not only from the city perspective but also from the country’s perspective.

    Here is our analysis of this Hot New Destination:

    The Golf Course Extn. Road (also called the Southern Periphery Road or SPR) is the road that connects the existing Golf Course Road to the Sohna Road presently, this road is planned to extend and meet the NH-8 near Haldirams. Considering the fact that the existing Golf Course Road is one of the most sought after locations for Premium Housing in Gurgaon and for the Luxury Homes in Gurgaon. Now, there is not much land available on this road, so by default, just like any other city, the next area closest to the CBD becomes the preferred destination and Golf Course Extension Road fits in absolutely well.

    Another most important reason is the quality of proposed developments and the quality of developers with large land holdings in this area. Amongst some of the better developers of real estate in India, we have Ireo with major presence on this road, with more than 500 acres of land being with Ireo where the Ireo City is shaping up and smaller chunks with other key developers like Pioneer Urban, Emaar MGF and the likes.

    All these developers are only bringing in High Quality Residential Apartments with top of the line features both indoors and outdoors. In our analysis, this area is actually poised to change the epicentre of Gurgaon. The reason is simple and logical, once these new upmarket developments start taking shape, this area is going to become the most sought after residential estate in Gurgaon. Its almost like saying that this area is poised to become what “South Delhi” is for Delhi.

    Another interesting fact is that unlike the existing developments of Gurgaon, which were more unplanned, these new sectors along the Golf Course Extension Road are better planned, with earmarked spaces for Commercial, Residential and Retail. Apart from this the road width has been revised for these new sectors and the internal sector roads are now going to be much broader than the existing Dlf or Gurgaon area as we see.


    Am curious to know which are the other two destinations as per HT. Can somebody paste link to the article.
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  • One more thing, South Delhi is South Delhi because government provided better infrastructure there due to emabassies and other reasons.
    Is there any such plan here on GCX or is it a paid article?
    Has Hooda said that potholes in this area will be less deeper? :bab (59):
    Posh areas are posh areas because of the better infrastructure provided by the government. As of now, I can't see that except width of some roads reaching nowhere. e.g. Sector road parallel to GCX will never meet Sohna Road.
    I don't see any logic behind this article except undue optimism.
    Before believing any such article one should ask government development plans and execution for this area.
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  • The main resson for bullishness for GCX is the kind of development which is planned on that road in terms of impressive RE projects like IREO projects, Emaar projects, M3M etc

    The whole area will be developed by private developers and will not be a mix of private developers and co-operative socities...

    I beleive that GCX will be the best place to live/invest among GGN/Noida/Manesar/Gr. Noida

    Nothing comes in comparison to Delhi....

    You tell me an ares which will be more posh to live in among the right contenders GGn/Noida etc

    There is no comparison between South Delhi and GGn

    Try to understand the article in the right context. It does not mean GCX will be like South Delhi. it sayd GCX to GGn will be like South Delhi is to Delhi...
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  • Originally Posted by amit001
    The main resson for bullishness for GCX is the kind of development which is planned on that road in terms of impressive RE projects like IREO projects, Emaar projects, M3M etc

    The whole area will be developed by private developers and will not be a mix of private developers and co-operative socities...

    I beleive that GCX will be the best place to live/invest among GGN/Noida/Manesar/Gr. Noida

    Nothing comes in comparison to Delhi....

    You tell me an ares which will be more posh to live in among the right contenders GGn/Noida etc

    There is no comparison between South Delhi and GGn

    Try to understand the article in the right context. It does not mean GCX will be like South Delhi. it sayd GCX to GGn will be like South Delhi is to Delhi...


    Who's Responsible For Power Pangs In DLF III ?
    By saakshi, Section Electricity
    Posted on Thu May 26, 2011 at 01:30:20 AM EST

    Even as various DLF localities reel under constant powercuts, the area residents are unsure about which authority they should approach to fix the problem.
    The DLF and the Dakshin Haryana Bijli Vitaran Nigam (DHBVN) are busy passing the buck between each other.

    "The situation has been bad throughout the week. We have been calling both DHBVN as well as the DLF maintenance team to rectify the problems. The powercuts extend for up to 10 hours at a stretch during the weekend," said Ratna, a resident of Block V, Phase III. The troubled residents of DLF city met the DLF management on Wednesday to discuss the issue.

    Various residents of Block T and V of DLF Phase III have been protesting for the last two days.

    Said R K Yadav, a social activist, "We are paying huge amounts in the name of maintenance charges to DLF, besides coughing up property tax to the municipal corporation. We would definitely be agitated when we don't find water and electricity for long hours." The residents claim that engineers were not available to address their queries.

    "Nobody wants to take responsibility and the authorities concerned seem to have no answer. The situation hasn't improved since Saturday's thunder storm. It seems we are residing in an unauthorized and unlicensed colony where two tankers of water are supplying water to thousands of residents," said V S Kakkar, a resident of the area.

    According to Subhah Deswal, superintending engineer, operation circle at DHBVN: "The power cuts in the last few days are a result of internal faults and we cannot be held responsible. We are responsible for supplying power, but the issue of maintenance is their (DLF's) lookout."

    Meanwhile according to Col Soharu of the DLF maintenance team, the maintainence of electricity lines is the responsibility of DHBVN.

    "The powercuts, especially in DLF Phase III, are a result of a major snag in an underground cable network. We can only extend help to the government body in their work," said Soharu.
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  • why is he struggling on GCX

    Emaar MGF To Sell Apartment Project To US Co For R1,200 cr
    By saakshi, Section Gurgaon Real Estate Property
    Posted on Thu May 26, 2011 at 01:22:26 AM EST


    In the first real estate bulk deal in the National Capital Region, New Delhi-based realty major Emaar MGF is learnt to be in an advanced stage of selling its under-construction 550-flat residential complex Palm Drive in Gurgaon for Rs 1,000-1,200 crore to New York-based marquee realtor Tishman Speyer.

    For the beleaguered Emaar MGF, a joint-venture between Dubai-based Emaar and Shravan Gupta-led MGF Land Ltd, this is a fire sale, as the company is unable to sell the flats by itself owing to the current slump in the housing market and desperrately needs money to retire part of its R4,689-crore debt and improve its cash flows.


    When contacted, Emaar MGF CFO and executive president Sanjeev Saddy said: "Talks with Tishman Speyer are in preliminary stages. It's a good move for us if we realise the optimum value of the flats. But nothing concrete has materialised as yet." Tishman declined to comment on the development. The American realtor currently manages the iconic Rockefeller Center building in Manhattan. Tishman currently has three properties in India, one in Chennai and two in Hyderabad.

    The deal, if it goes through, can provide Emaar MGF some reprieve, as it can look to retire a third of its debt. The 2009 meltdown in the Dubai property market hurt its joint-venture partner Emaar badly.

    That, coupled with its still-in-limbo IPO first scuttled by a bad market in February 2008, and subsequently red-flagged by market regulator Sebi twice, last time in September 2010 over irregularities in its offer document and controversies around its development of the Commonwealth Games Village, has put the company in a tight spot. Emaar-MGF was also raided by the Enforcement Directorate in June 2009 over alleged misuse of FDI funds. These investigations are ongoing.
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  • I am not saying that the article says it will become South Delhi. I am also trying to compare within Gurgaon itself. In my opinion DLF City 1 to 5, Sushant Lok1(debatable) will remain more posh than this area, reason being that they are much more ahead in terms of development. Among these areas also, DLF 1 will be the most posh because of internal roads, kothi sizes and gentry staying there etc.
    No such development/logic is visible in GCX.
    Currently, many builders are selling their projects on GCX. If they could complete it, it will be just that. There will be no development outside that unless government do that. And here I am asking did government say that they will do better development here than existing sectors? Otherwise, 3/4th part of your Mercedes tyre will be in the pothole when you come out of M3M. Park View Spa Next will have to take big round from Sector 66 sector road (which will pinch most if they have to run to a hospital in an emergency).
    Aaj ki date mein builders apne project time pe complete kar lein to they becomes equivalent to God. Forget any development they'll do outside their projects.
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  • Gcx. road is over hyped & prices of almost all projects r inflated .

    In case of correction, this area could be the first to trip & can fall flat on it's face .

    My PoV, many would differ .
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  • Singh sir, i agree with ur points

    Investments are done in expectation of development, so we are expecting development will happen on gcx as it has happened over the years in DLF and some other areas you have pointed

    Dost kabhi DLF phase 1 bhi to GCX ki tarah tha
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  • The govt plans are in the Gurgaon manesar master plans , and execution can be seen with your own eyes ....

    also am not aware of it being a low lying area ..... would have to check on that and get back to you ......

    and the article says it ll be like what south delhi is to delhi , not that it is going to be south delhi ....

    and talking about prices ... people keep your eyes and ears open to the fact that many projects on gc ex have taken over pricing of many projects on gc road .........

    And all the facts provided in the article are true to the best of my knowledge !!!!!! But then again there would always be both cynics and admirers of each location in gurgaon or in fact anywhere in the world ..... so yaa ..... healthy to see different point of views ....


    Originally Posted by dsinghca
    One more thing, South Delhi is South Delhi because government provided better infrastructure there due to emabassies and other reasons.
    Is there any such plan here on GCX or is it a paid article?
    Has Hooda said that potholes in this area will be less deeper? :bab (59):
    Posh areas are posh areas because of the better infrastructure provided by the government. As of now, I can't see that except width of some roads reaching nowhere. e.g. Sector road parallel to GCX will never meet Sohna Road.
    I don't see any logic behind this article except undue optimism.
    Before believing any such article one should ask government development plans and execution for this area.
    CommentQuote