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March 13, 2019
5 Great Places to Purchase Property in Gurgaon

Gurgaon is among the largest cities in Haryana, and is also a satellite city of Delhi. The city is also home to a large number of IT companies along with several Fortune 500 companies. Gurgaon boasts of the third highest per capita income in India after the cities of Mumbai and Chandigarh, making it one of the richest cities in North India. The city also has a very large cosmopolitan population, and to cater to this working population, construction of residential properties has increased tremendously over the last few years. Finding the right property in Gurgaon, whether it is a 1BHK flat or an international level plush condominium, isn’t all that difficult.

Which areas are good for investment?

Gurgaon has some of the best real estate options within India, and depending on the quality of the project the prices may vary. With that said, here are a few of the most attractive areas to invest in Gurgaon.

1. Sohna Road

Sohna is a town and municipality in the Gurgaon district. The town lies approximately three hours away from Gurgaon, and has been undergoing rapid expansion to meet the rising demand for houses in the area. While the area itself is very good, the main attraction for families willing to settle here is the Sohna Road, which connects Sohna to Gurgaon. The road is a 6-lane one, and has great amenities in its vicinity, like the GD Goenka World School and the KR Mangalam University. The state government has opened both sides of the road for commercial and residential projects, and group and town housing as well. You can easily find 1BHK or 2 BHK flats on Sohna Road, Gurgaon as the area has number of upcoming housing projects.

2. NH8

NH8 connects Gurgaon to Jaipur, and runs through the city. Real estate developers have purchased a significant portion of land around NH8, and there are several projects in various stages of construction at the moment. Another good reason to purchase property in this area of Gurgaon is that NH8 connects the city to Indira Gandhi International Airport, and will soon be connected to Gurgaon-Faridabad Road, thus increasing accessibility and convenience.

3. Sector 43

Sector 43 is probably the best area to purchase property in Gurgaon. The area is located close to the DLF Golf Course, and is a prime commercial area of the city, with offices, hotels and malls. Sector 43 also has several multi-storey apartments, bungalows and other residential projects to boot. The property price in this area is around the higher spectrum as it is one of the best locations in the city.

4. Mehrauli–Gurgaon Road

Commonly known as MG Road, Mehrauli–Gurgaon Road is one of the most sought-after areas in Gurgaon. The area has great townships and apartments in different price ranges. However, finding the perfect property might be a little difficult, and you might need to do a bit of searching.

5. Dwarka Expressway

Since Dwarka Expressway was announced, the area around the road has remained in the list of top places to invest in real estate. Most of the major real estate developers have residential and commercial projects around the eight-lane expressway. While there have been delays owing to land acquisition process, the work has picked up in recent months, and investors in this area can rest assured that the prices will see a huge appreciation in the coming years.

With large real estate companies buying land tracts around Gurgaon, there are a number of great properties available in different price ranges, with several more in the pipeline. Gurgaon will continue to attract real estate development with increasing property values and better sales, which is why you must consider this region when planning for real estate investment.

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