The Indian real estate market is growing at a rapid pace, and Gurgaon happens to be one such place that is experiencing high growth rates. Gurgaon is one of the favourite destinations for luxurious residential projects.
Recently, one of the leading real estate firms in India, Godrej Properties, planned to invest around ₹4,500 crores in its new housing project located in Gurgaon, Haryana.
The real estate project has been set up in Sector 63A Golf Course Extension Road. Sector 63A has gained popularity among buyers and investors as one of the fastest-growing residential areas recently.
This sector has good connectivity and easy access to all parts of the city. Thus, this becomes one of the favourite residential locations in Gurgaon.
According to the industry reports, the Godrej New Launch Sector 63A Housing Project will have premium residential apartments suitable for modern urban living. The new launch, Godrej Sector 63A Housing Project, is expected to generate revenues in excess of ₹4,500 crore.
| Projects | Location |
|---|---|
| BPTP Downtown 66 | Sector 66 Gurgaon |
| Prime Residences | Sector 65 Gurgaon |
| Emaar Amaris | Sector 62 Gurgaon |
| Max Estate 59 | Sector 59 Gurgaon |
| Oberoi Realty | Sector 58 Gurgaon |
| Tarc Ishva | Sector 63A Gurgaon |
| Trump Residences Gurgaon | Sector 69 Gurgaon |
The Golf Course Extension Road is fast proving to be one of the most sought-after locations for investments and residential property purchases in Gurugram. With the continued growth of the city, this high-end location seems to be attracting the attention of investors and property buyers.
It was built to provide connectivity between the Golf Course and Gurgaon-Sohna Road. This road was built in the year 2009 and connects Gurgaon-Faridabad Road to Badshahpur Crossing, and from there it connects to NH-48.
The road is situated near many premium institutes of education, health, corporate offices, shopping centers, and many other things, which make it a very premium area to live in.
The following are some of the main location benefits:
Due to such benefits, many reputed developers have developed luxurious residential projects on Golf Course Extension Road.
The luxury property sector in Gurgaon has seen a spectacular increase as compared to other cities such as Mumbai, which makes it the leading city of India in terms of the luxury real estate sector.
This change can be noted through a very high number of luxury deals worth ₹24,120 crore that have been transacted, out of which about 75% of the total residential demand is for premium/luxury properties.
The need for luxurious houses has been growing more in places like Golf Course Road, Golf Course Extension Road, Dwarka Expressway, and Southern Peripheral Road.
Now buyers are seeking houses that provide comfort along with a range of amenities that include clubhouses, green landscaping, sports, etc. This need shall be fulfilled by Godrej Sector 63A, which is one of the well-planned projects by Godrej Properties.
Godrej Properties Ltd is the leading residential realty developer in India in terms of value booked. The development company has developed through constant expansion into luxury housing projects in the National Capital Region (NCR).
The developer has been driven by a large ₹40,000 crore national launch pipeline and is now focusing on developing luxurious apartments rather than middle-class housing.
The developer is one of the top real estate companies in Gurgaon and India. Godrej has successfully executed many development projects in various big cities in India, like Mumbai, Pune, Bangalore, Delhi NCR, and Hyderabad.
The company acquires premium, clear-title lands through government e-auctions, with its latest bids being those of 4.95 acres in Sector 151, Noida, for ₹3,317.5 crore and 23.2 acres in Greater Noida, aiming to earn ₹7,000 crore.
The sudden transformation in the real estate sector in Gurugram is due to the combination of world-class multi-modal infrastructure facilities and increasing demand from end users. The rise in the property value is 67% and 76%.
This move has come at a time when the confidence of major developers in the real estate market of Gurugram has been growing. It is due to the presence of excellent infrastructure and connectivity that the city is one of the most developed real estate sectors in the country.
With the arrival of reputed builders like Godrej Properties, the city will witness more development in the premium residential sectors. One of the latest examples of these is the development in Sector 63A, which not only adds to the beauty of the city but also increases the prospects of home buyers and investors.
Gurugram will witness more development because of large infrastructural developments, metro expansions, and road connectivity in the city. With the development of Gurugram into an advanced city, the future of housing projects in the city holds more promise.
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