City’s Peripherals shows signs of changing presumption for affordable housing

The National Capital Region (NCR) is known as India’s single largest capital region that is adjacent to the border with Delhi, also known as Delhi NCR. Delhi, Noida, and Gurugram are the main realty hotspot region for the residential and commercial hub. But, the Gurugram real estate sector has reached a new level over the past decade. With a fast-paced business and technology environment and a distinct culture, generations of millennial are heading to this city are becoming more and more popular in Gurugram. In addition, having a good infrastructure and economy adds value to the city. Many well-known multinationals and national companies have opened their headquarters, adding incredible value. Now, the city is also becoming the main area of activity for developers, and you can see a lot of infrastructure in this city.

New Gurugram and Sohna road are the two prominent destinations that have popped out to be the maximum desired places to living with easy connectivity to the whole location of Delhi-NCR among the homebuyers. Gurugram is expanding its horizons with projects such as the South Peripheral Road. The South Peripheral Road (SPR) stretches for 16 km and offers commuters from Sohna Road and the golf course one top network because it connects Gurgaon – Faridabad Road to NH-8 near to Kherki Dhaula Pay Square. It also merges with the North Peripheral Road (NPR).

New Gurugram is one of the most sought after or perhaps the most desirable locations in Gurgaon, the area is constantly in its infancy and is the center of many residential and commercial areas. Buyers always prefer to buy a property near a specified location where they can get to many locations. Having a good infrastructure and a social center close to the city should encourage you to consider this place for investment.

Whereas, the realty hotspot, Sohna road is a leader in the affordable and mid-priced segment with high demand from low and middle-income end users. The growing emphasis on affordable housing is also helping to further develop the area, where more than 40% is under Rs 50 lakhs. This gives great connectivity to Golf Course Extension Road and Netaji Subash Marg. 

On the other hand, Dwarka Expressway is also the best option for affordable housing which provides seamless connections to Delhi and the international airport, as well as numerous destinations in Gurgaon, making it one of the most popular destinations. Another highly sought-after area offers a higher ROI, so you might want to consider this.

Mr. Pradeep Aggarwal, Founder & Chairman – Signature Global Group & Chairman – ASSOCHAM National Council on Real Estate and Housing, “Affordable housing has resurrected the fate of our country’s declining real estate industry, where the concept of housing ranges from floors with holes in walls to billions of dollar worth of homes. We are analyzing that Gurugram, Sohna Road, and Dwarka Expressway are quite a search in the population and have a major target audience for these destinations.

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