Development Hub In Master Plan, 2021

To revise the Master plan 2021 of Gurgaon and extend the target year from 2021 to 2025

, a new developmental plan, Gugaon - Manesar Urban Complex 2025 has been formulated taking into consideration the proposed growth of the city up to 2025. According to the new guidelines, the population density has been calculated at 120 people per acre, compared to the earlier population density of 100 people per acre. The draft plan is being formulated for new sectors, sector 58 to 115, so that new provisions can be made accordingly, as the sectors are still in the planning process. The Gurgaon - Manesar Master Plan 2025 has pushed up the availability of comprise of land for development and avenues for new growth corridors. Sector 8, 11, 12, 12A and Palam Vihar comprise the old section of Gurgaon. Sector 4, 5, 14, 15, 29, 56 and 57 are amongst the most developed HUDA sectors in Gurgaon. Areas like DLF Phase IV, Sushant Lok I-III and Golf Course Road are the prime residential areas commanding the highest real estate prices. The two main clusters are along the upcoming Dwarka - Gurgaon Expressway in New Gurgaon Sector 102 to 113 and Sector 76 to 95 along the NH-8 connecting Gurgaon to Manesar. Both these clusters were predominantly marketed as affordable and mid-income housing catchments. A host of projects were launched in these locations over 2009 and 2010. The peak of these areas popularity was in mid-2010; however, as with most developments, a generic price rise of between 15-20 per cent dampened demand with price-sensitive buyers. Though still favored by budget home seekers, these areas have also seen recent launches in the premium segment by bigger developers like Sobha, ATS and Puri Constructions. This phenomenon has attracted HNI buyers and investors who are looking for capital appreciation opportunities. In comparison to projects in the Dwarka-Gurgaon Expressway precinct, the development along the NH-8 - spanning sectors 76 to 95 are selling at lower price points. Connectivity to these areas is expected to improve further with the development of the Northern Peripheral Road and the arterial sector roads. Sector-114, which lies near the upcoming Dwarka Expressway, is designated for commercial use. Due to its proximity to Delhi and the airport, commercial development here is expected to witness good demand levels. However, the demand for commercial office space would depend on the completion of the Dwarka Expressway, the internal sector roads and other infrastructure improvements. Currently, connectivity is through a 24-metre sector road. Most of residential demand for mid-segment housing is concentrated around the upcoming residential corridors around the Norhtern Peripheral Road and other sectors around NH-8. Prices in these projects have appreciated steadily over the second half of 2010 and the whole of 2011. This is an indicator of the healthy demand in these clusters. The Southern Peripheral Road is close to the established residential corridor of Sohna Road. A host of residential projects have been launched here by Unitech, Tata Housing, Today's Group, BPTP and Tulip, among others. Residential prices on the Southern Peripheral Road are closer to those of projects on Sohna Road and vary between Rs.4, 600-Rs.7, 200 Sq ft. Both these upcoming residential corridors in Gurgaon offer a host of options by reputed developers, and at prices which allow for a potential capital appreciation.

by: Neeta Israni

POST COMMENT

Development Of Electric Fencing To Protect Your Property Is The Most Effective Security Fencing Mech Deep Perusing 7 Positive Aspects For Perusing Development Ball Mill Help The Development Of Ceramic Products Hodan Property Management & Development, Inc. Focuses On Different Aspects Of Real-estate Management Pre School Is A Necessary Stage Of Development! Why To Hire An Effective Wordpress Development Company? Short Courses At The Institute For Capacity Development In Africa Artificial Sand Promotes Sand Maker Development Contradictions Restrict Industry Development Seize Any Product Development Organization Nowadays! E-commerce Solutions & Joomla Development Promote Ball Mill For Sustainable Development The Development Of Kawasaki Z750 Motorcycle