Golf Course Road Extension – The Potential Unmatched


Gurgaon has emerged as a preferred residential destination in North India, for end-users, investors and working professionals, owing to its easy accessibility and connectivity from National Highway-8, Indira Gandhi International (IGI) Airport, the Golf Course Road and Delhi. With improving infrastructure, connectivity and growth in the commercial segment, properties in this region have offered good returns on investment over the past few years.
The next in line is the Golf Course Road Extension which has emerged to be a prime commercial and residential destination not only in Gurgaon but the entire Delhi NCR Region. Owing to the best of social and physical infrastructure, enhanced connectivity it is one of the most sought out location which has the potential to offer the highest price appreciation in the National Capital Region (NCR), over the next five years.
Golf Course Road Extension starts from Sector 55 and links up to Sector 66, finally reaching Sohna Road. This locality is connected to the National Highway 8 (also connecting Rajiv Chowk) which is a big growth driver for the real estate market in the area. The Indira Gandhi International Airport is just half an hour's drive away from the location. Besides, the Gurgaon-Faridabad Road and DMIC (Delhi Mumbai Industrial Corridor) are easily accessible from here.

The six-lane Golf Course Road Extension, connects to Gurgaon through the Golf Course Road and Sohna Road and also offers connectivity to the International Airport. Golf Course Road Extension is close to well-established sectors of Gurgaon and the major employment hub of Gurgaon – Cyber City. Social infrastructure such as shopping centers, educational and medical facilities all are available within a radius of two to three kilometers.
Founder & CEO, Elite Landbase, Navdeep JP Sardana says “The price of apartments on Golf Course Road Extension ranges from INR 9,000 to INR 14,000 per Sq. Ft. The average price is INR 11,000 per Sq. Ft. the minimum price is expected to touch INR 9,700 per Sq. Ft., while the maximum price could go up to INR 16,000 per Sq. Ft., by 2020, which would be a big gain for the residents and the investors.”

Some of the potential benefits of being in the Golf Course Road Extension are:
  • Rise in office spaces as corporates shift to areas with fewer traffic snarls and tolls.

  • The expansion of the Metro is likely to generate more jobs in the region and increase the catchment in the area.

  • Property prices have generally appreciated by 16%-17% annually, after the arrival of metro stations.
  • While not being priced as high as the neighboring Golf Course Road, it offers multiple apartment options for the upper-mid segment moving up the value chain to luxury housing options as well. 
This residential corridor has seen more than 8,500 residential apartment units launched overall, and many of them are in advanced stages of construction. Around 2,500 residential units have been delivered here with another 2,600 slated for completion by 2019-end. This residential market has a good mix of end-user as well as the investor segment who have achieved healthy capital appreciation in the past across their investment/purchases.
Golf Course Road Extension presents a very promising picture as far as returns on investment are concerned. Good connectivity and infrastructure will play a crucial role in sustaining the real estate growth in the area. 
References: Media Reports, Economic Times, Press Releases, News Articles

Disclaimer: This information has been collected through secondary research and Elite Landbase is not responsible for any errors in the same.

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Golf Course Road, Gurugram, 
Haryana, India

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