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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  • sorry to interupt

    Originally Posted by amit001
    manoj bhai whole market is obsence

    5500-600 on gCX
    4000-4500 on NH8
    3700-4000 on D way

    the element of absurdness is same in all of the above


    Hi
    Greetings!!

    Sorry to butt in but dont forget noise about Sobha 8-10K!!
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  • BlessU

    Originally Posted by Parag78
    Manu - I think you missed where i said 13-14k by 2015. BTW which project you sold at 7k?


    Hi!! Honestly I would be satisfied with 10000 four years down the line. Also need to factor in that payment is being made in installments for most of the projects and not all at one go.. would give effective return of 30%+ therefore.
    13-15K would be a blessing. This area also will be isolated from supply hiccups coming from other areas NH8/Deway/Bilaspur etc.. as the user would be averse to staying anywhere else due to his status, class, purchasing power.. PROVIDED Deway throws a miracle by coming up withing one year and providing world class infrastructure and amenities. I am informed that large political groups are hell bent to make this area come up fast, particularly from Cong I
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  • Congress party in center and Hooda are both pushing for this area. You can figure this out from the number of big ticket items started in this area.

    Next big thing for this area could be Delhi - Mumbai corridor.
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  • Amit Bhai, let me clarify -

    I said pricing of 5/6 K is luxury for middle & Upper Middle Class .

    "Tending to obscene" pricing for the middle class & Upper Middle class r projects currently on offer which r > 6/7 K .

    In case of correction, these absurd/obscene priced projects would be the biggest sufferers . Projects which, i define as luxury for middle & Upper Middle Class would also suffer, but like other projects & areas .

    If u r comparing GcX. prices ( assumed available at pricing 5500 psft ) to NH ( assumed available at pricing 4000 psft ) , similar projects r having a differential of 1500 to 2000 psft. For a 3 BHK ( 1500 sq. feet ), the minimum price differential is 22.5 L ( u may buy another 2 BHK in other parts of the NCR in this difference ).

    I hope u have better clarity on what i am trying to say . Now, what is absurd, obscene should be much more relevant .




    Originally Posted by MANOJa
    Ishan Bhai, we seem to have different definitions of a "concrete jungle" .

    On the pricing front, anything priced above 5000-6000 psft is luxury & "tending to obscene" pricing for the middle class & Upper Middle class . Can u name many projects of decent Builders, which r on the Gcx. road & r less than 5/6 K ( except some older projects of less reputed Builders & BPTP ). My point is that these absurdly priced projects & projects looking to reach absurd pricing could fall on their face, in case of correction & they could be the one's who get hit the hardest .

    My PoV, i could be wrong . GGN RE is behaving abnormally for months now & it is really difficult to predict or pin an abnormal phenomenon .




    Originally Posted by amit001
    manoj bhai whole market is obsence

    5500-600 on gCX
    4000-4500 on NH8
    3700-4000 on D way

    the element of absurdness is same in all of the above
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  • GCX,

    Disaster management officials and the irrigation department are wary of flooding in the Millennium City this monsoon. They predicted 'man-made' flooding after several natural drains were blocked due to construction activities. The irrigation department has blamed the town and country planning (T&


    ;CP) department for issuing licences to developers, who have built buildings over natural drain sites.
    Gurgaon has three main natural drains, which are now blocked due to large-scale infrastructure development over the last few years.

    The Badshahpur drain alone carries 800 cusecs of water from the Aravalli into the Yamuna river, via Gurgaon. The total discharge of all three drains exceeds 1,000 cusecs, which is 10 times the current daily water supply to the city from the Gurgaon Water Supply Canal.

    “Water accumulated in the Aravalli hills and other parts of the city flows through these natural drains, and reach Najafgarh drain No. 8 (Yamuna river),” an irrigation department official said. “If these drains overflow, then all low-lying areas will be submerged during monsoon,” said the official.

    This has happened in the past, yet several malls, residential colonies and high-rises have come up on these drains. In 2010, construction activities in sectors 58, 62 and 65 near Southern Periphery Road was stopped after the whole area was submerged during light rain. Other affected areas include Sushant Lok 2 and 3, Surya Vihar and DLF Phase 3, which are all built on top of natural drains.

    IMT Manesar Road was also flooded in 2009. The HSIIDC plans to build a box drain parallel to the road to solve this problem. The T&CP department also plans to build a box drain parallel to KMP expressway to allow developers to build colonies.

    Rough history

    DLF Phase 3 (U Block), Belvedere Tower and Sushant Lok Phase 2 and 3 were flooded during 2010 monsoon. Developers had demolished or blocked several culverts in these areas. For example, the Sikanderpur culvert was blocked by a builder to make way for a residential society.

    "The fault is with the T&CP department. It never consulted the irrigation department or the disaster management authority before issuing no-objection certificates and granting licences. The T&CP department should have ensured proper drainage systems before allowing colonies and big malls to come up," said Abhay Kumar Shrivastava, head of the National Institute of Disaster Management.

    The Rapid Metro project may harm the Nathupur bund. A senior irrigation department official said the Metro runs parallel to the drain, and at some areas it runs directly over the drain. The distance between the two is only 1,000 feet.

    “But all is not lost. Civic authorities can build check dams and even revive whatever is left of natural drains. If a strong drainage system is built, then the problem can be controlled to some extent,” an irrigation department official said.

    The T&CP department said it has not given licences to builders. “Developers directly negotiate with village panchayats and take possession of common land to start their projects,” a T&CP official said
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