Micro Market in Focus - Golf Course Extension Road, Gurgaon

17 July, 2021

Over the previous two decades, and notably in the last 15 years, Gurgaon has evolved from a satellite town of Delhi to a self-sustaining metropolis. If the development chronology is examined in tranches, the first phase of growth occurred during the first decade of the millennium, particularly around job centers, which saw extremely rapid rise with vibrant social infrastructure as well as superior physical infrastructure.

I. Golf Course Extension Road: Evolution

Before we go into details about the micro market of Golf Course Road we have to first understand some aspects about Golf Course Road.

Golf Course Road is a major road that links Bristol Chowk near Sector 26 to Golf Course Extension Road at Sector 56. It is an important residential and business area with a nice mix of luxury homes and vast office complexes. Golf Course Road is one of the most affluent neighborhoods in Gurgaon, with high-end residential complexes, lush greenery, and well-developed infrastructure. Golf Course Road's micro-market comprises of numerous wealthy communities on both sides of it, such as DLF Phase 1 and 5, as well as sectors such as Sector 42, 43, 53, 54, 55, and 56.

In early 2000’s Most of the marquee High Rise Residential Apartments and Commercial Offices came up on this road with DLF leading the charge. With time in early 2010 decade this road became saturated as land became scarce and so a need of closely situated market arose which should not be a major distance away from the IT hubs. So hence Sectors 58 to 67 were developed and they were monikered as Golf Course Extension Road Micro Market. In early 2010’s it was the darling of both IT professionals, NRI’s and HNI Investors. Its currently under development with lot of land parcels yet to be developed so given an open feel viz a viz Golf Course Road which has a very high already constructed projects density. Off late Golf Course Extension Road has emerged as a major destination for End Users as well because of its good location, excellent price points and many project offerings both in Residential and Commercial space and in Ultra Luxury, Affordable Luxury, Mid Income and Affordable category. Now Let’s Evaluate Golf Course Extension Road on 3P’s (Place, Product, Price)

II. Golf Course Extension Road: Place

Now let us understand the strategic importance of Golf Course Extension Road. It is part of the SPR (Southern Peripheral Route), a major arterial road designed to relieve congestion in Gurgaon and offer seamless access to Delhi. It is positioned between two other micro markets in Gurgaon: Golf Course Road and Sohna Road, thus anyone residing or investing here has immediate access to these micromarkets.

Golf Course Road, MG Road, Sohna Road Golf Course Extension Road constitute the South Gurgaon Area and the whole Golf Course Extension Road especially Sector 59 to Sector 61 especially projects like Elevate Sector 59 Gurgaon , Heritage One, Mahindra Luminar and Ireo Grand Arch have a 5 min access to Rapid Metro stations Road corridor. Because of the signal-freeGolf Course roadand Gurgaon Faridabad Road, all sectors of Golf Course Extension Road enjoy great connectivity to IGI Airport. The micro-market has high-quality social and retail facilities.

Golf Course Extension Road has been a favorite with IT professionals and service professionals from firms like Ernst & Young, American Express, Dell, Oracle, Gartner, Samsung, and Genp because it also provides easy access to marquee commercial centers lie One Horizon Center, Global Foyer, Golf View Corporate Tower, and Vipul Tech Square are some of the significant office spaces on Golf Course Road. Other important job centres like as Cyber City and Sohna Road are also within 15-20 minutes' drive.

III. Golf Course Extension Road: Product and Price

What makes a micro market alluring for Investors and End Users are its 3P’s i.e Product, Price, and Place. When it comes to Product, Golf Course Extension Road has a large number of residential both High rise and Low Rise as well as commercial projects across a large spectrum ranging from already constructed to under construction to New Launches. The presence of this type of Product Inventory makes it a very vibrant micro market of Real Estate where both end users and investors play an active role. Base Price points for Residential projects range from Rs 11,000 psf to Rs 15,000 psf in residential and Rs 22,000 psf to Rs 35,000 psf. Projects in range of 1.25 cr to 7 cr are available thus offering a nice spread for users to choose from.

Some of the Marquee Already constructed Projects of Golf Course Extension Road are

Several reputable developers have launched new projects on Golf Course Extension Road as well, and you may purchase these homes at reasonable costs. Furthermore, the presence of a diverse variety of lifestyle and sports amenities in these houses makes them appealing to corporate executives and millennials. Some of the marquee new launches or under construction projects have been mentioned below.

Marquee Project in Golf Course Extension Road that is worth deep diving into is Elevate Hines Gurgaon.

Elevate Hines Gurgaon is a residential development in Sector 59 in Gurgaon. Hines' upscale initiative provides residents with peace of mind. It consists of 3-4 BHK flats that are particularly built to meet the needs of the luxury buyers. Hines Elevate Gurgaon has a beautiful atmosphere as a result of its engaging architectural style and enticing interior space. Ricardo Bofill, a Spanish architect has designed the modern contemporary architecture of project. Elevate Sector 59 Gurgaon is brimming with first-rate amenities and is built on 7.78 acres and has a total of 5 towers. The apartments are also available in a variety of sizes and configurations. Hines Elevate Gurgaon is located on Golf Course Extension Road, Sector 59 which is on the radar of both IT professionals and NRI’s as an investment hotspot.

Elevate Hines Gurgaon is about 25 kilometres from Delhi Airport, which adds to the value of the site. Rapid Metro Scetor 56 station is also located close by. There are several outstanding schools in the area, including DPS International, Amity, Heritage School, and Shri Ram Global School. Overall, the Elevate Hines Gurgaon is an excellent investment. Schedule your site visit right away.

To Know more about Elevate Hines Gurgaon click on

https://www.andlayestates.com/blog/project-in-focus-elevate-hines-in-sector-59-Gurgaon.html

IV. Golf Course Extension Road: Drivers for investment

A. Connectivity

This neighborhood is located to the National Highway 8 (which also connects Rajiv Chowk), which is a major growth factor for the area's real estate market. The Indira Gandhi International Airport is about a half-hour drive away from the property. The Gurgaon-Faridabad Road and the DMIC (Delhi Mumbai Industrial Corridor) are also conveniently accessible from here.

B. Good Social Infrastructure

The Rapid Metro Phase II services, which were introduced last month, increased connection to Gurgaon and provided significant respite to passengers. The metro line follows the whole length of Golf Course Extension Road. Construction on the road that connects sectors 66 and 67 is now progress. The Haryana Urban Development Authority (HUDA) has undertaken this effort to assist minimize travel time between the Golf Course Extension Road and Sohna. Repairs and road widening work on Golf Course Extension Road were recently completed in order to reduce traffic congestion. The region's social infrastructure is well-developed.

C. Presence of MNC’s and Startup Ecosystem

A sector specific SEZ for IT and ITes is required for a place to be attractive to IT professionals in order to provide a stable economic environment for the development of export-import of commodities in a timely and efficient way. Because Sector 59 is home to several prominent technology firms such as Mahindra Comviva, Samsung, Snapdeal, and Xebia, among others, it has emerged as a popular choice for IT professionals wanting to acquire apartments in prestigious condominiums on Golf Course Extension Road Gurgaon.

You can read more at: https://www.andlayestates.com/blog/why-sec-59-golf-course-ext-road-gurugram-has-emerged-as-preferred-real-estate-market-for-IT-professionals.html

D. Appreciation Potential

6 lane or highway on SPR till Faridabad Road, Great Green Coverage, New Commercial Launches boosting appreciation in this micro market. The micromarket has begun to see activity with the seamless connection of SPR with Sohna Road and Golf Course Extension Road in 2016. Despite the fact that the alternatives in the micromarket are restricted, the micromarket has all of the makings and qualities to mimic the profile of GCER and Sohna Road. This is one area that is expected to have substantial development activity in terms of project releases, making it an excellent option for buyers or investors with a time horizon of 5-6 years.

In terms of return on investment, Golf Course Extension Road paints a very optimistic image. Good connectivity and infrastructure will be critical in maintaining the Micro Market’s real estate potential.

About Premium Homez

Premium Homez have been at the cutting edge of the business for over two decades. We began with the rudimentary beginnings of this market and have been part of its evolution, witnessing enormous change along the way. Today, we have emerged as a leading name in real estate with the benefit of past experience as well as the advantage of future vision.

We are known for our uncompromising value system, ethical and transparent operations, and for being customer oriented. Our knowledge enables us to identify the right opportunities for customers. And our expertise helps them navigate the sometimes-daunting process of buying, selling or leasing property. With a commitment that is complete and undiluted, we have been able to retain our position of leadership in a sector that is as volatile as it is unpredictable. Aided, in no small measure, by vast reserves of customer trust and goodwill.

For any queries regarding Real Estate please reach us out at:

Phone: +91 99100 53944

Email: sales@andlayestates.com

LinkedIn: https://www.linkedin.com/company/andlay/

Instagram: https://instagram.com/premium_homez?utm_medium=copy_link

Website: https://www.andlayestates.com/

H-RERA: Regd. No. 338 of 2017 dated 15.09.2017