The city, in terms of real estate, is basically divided into sectors of developments, and the seven strategic expressways, that connect the major parts of the city together, more or less, guide the rate of property evaluations, and would be the way to look ahead, when we talk about what is to come, and what is already completed.
These roads are
M G road,
golf Course road,
Golf course extension road,
Southern Peripheral road
Dwarka expressway, also called the Northern Peripheral Road.
The Southern Peripheral road is the expressway that connects Sohna road and the Golf Course extension road
is a strategic part of the city.
Priced well below its neighboring golf course extension road, and Sohna road, SPR has many reputed developers, lining up to build along the road. DLF, NINE X, Unitech, BPTP, M3M, tata, today, Space, CHD, tulip, all have their projects lined up, along this road. The road already has some projects like Tulip, which have been given possession, while NINE X city is expected to start possession by march 2015.
let us look at life on SPR in the future.
Most developments nestled along SPR are 5 minutes drive to Golf Course road, Sohna road, Golf course extension road, NH8, and the Dwarka express way. This, also provides good connectivity, to the Delhi International airport, which is about 20 minutes away. the centre of town is 10 minutes away. Connectivity to the centre of South Delhi, via faridabad road will be only 25 minutes. The future will also see the metro coming in, which will further enhance connectivity to Delhi NCR.
In terms of lifestyle and natural ecosystem. this road is mere minutes, from the Aravali mountains, and some developments like NINE X, are nestled along the backdrop of this mountain range, which provides you great views, peace of mind and fresh air. Most of this area being low density population, with many plots and villa communities like DLF, tata, Unitech, and BPTP are lining up here, this provides for a better living for the select few, who invest here.
The current price trends are
On Golf course extension road, you pay anything between 8000 to 14000 per square feet, for residential properties, and between 16000 to 20000 per square feet for retail spaces.
On Sohna road, you pay anything between 8500 to 13000 per square feet, for residential properties, and between 25000 to 35000 per square feet, for commercial spaces.
On SPR, you pay anything between 4500 to 7000 per square feet, for residential properties, and around 11500 per square feet for retail spaces.
Going ahead, looking at SPR, the property values here will strive to match its neighboring roads. Looking at what you pay for properties along this road, compared to its neighboring roads, and looking at the next 2 to 3 years, some hand picked investments here, will fetch you 100 to 200 percent profits. Conservatively speaking, even if it does not match them, it would come quite close which means great profits for you, if you decide to invest in SPR today.
With over 20 to 25,000 families expected to make this area their home, this is, definitely, the way to invest, and the future of the city lies here, in terms of better return value on investments
A high quality of lifestyle, great views, low density of populations, and great connectivity, all make this road worth the investment, be it for commercial or residential opportunities.
The Southern Peripheral road beckons you ! come, live, work, play, enjoy, and be a part of this great community.
To invest, rent, buy or sell your property in the city, contact capital tree. With over 15 years of real estate experience and having consulted thousands of investors, we at capital tree provide you the best deals this city has to offer. Visit us at capital tree.in or speak to our friendly advisors to know how you can make the most of this opportunity.
The author Vineet is from Capital Tree – the premier real estate brokers in Gurgaon. We know realty better than anyone here. We have grown with Gurgaon and have seen its ups and downs. Call us now to know more about your realty solutions at 0124.4001037 or reach us at http://www.capitaltree.in/contact-us.php