These days, the developers across the globe are focusing on the Golf Course Extension Road. They are doing this to capitalize on the increasing demand of the properties in this area. The property prices in this area are also increasing to a great extent. Gurgaon today, stands out as one of the most sought after real estate market that hosts more than 250 Fortune 500 companies. Moreover, there has also been an increase in demand for both the commercial as well as the residential properties. The combination of swift urbanisation, restricted land availability and abundant job opportunities has led to the development of various micro markets that include the Golf Course Extension Road, Dwarka Expressway, Sohna Road among others. The Residential Projects on Golf Course Extension Road are the best.
The Golf Course Extension Road has today emerged as a noteworthy micro market that attracts a lot of interest from the most affluent homebuyers. This corridor links the Golf Course Road to the Sohna road and is home to a multitude of commercial as well as residential developments. The nationwide developers are focusing their efforts on the micro market. This is done in order to capitalize on the increasing demand of the property in this area. The prices of the property in this area has also increased a remarkable surge in this area.
Latest Trends of the Property Market in Golf Course Extension Road
According to the recent data, the average prices of the new launches in this area has more than doubled between the years 2019 and 2024. It went up from 8800 INR per sq feet t0 20,267 INR per sq feet. The average price of the absorbed units on the other hand has gone up by 79%. Gurgaon today has emerged as an aspirational satellite town because the residential options and the employment opportunities has moved to this part of the NCR several years ago. The connectivity and the infrastructure improved and Golf Course Extension Road emerged as the new real estate hotspot in Gurgaon. It became the preferred choice of the homebuyers who wanted world class amenities and green spaces, quite quickly.
This area is the fastest growing micro market in Gurgaon. Here there is a mix of the commercial and residential real estate. This makes it an ideal choice in a fast paced world. The desire to live a pollution free life style is also gaining a lot of popularity.
Connectivity of the Golf Course Extension Road
The Golf Course Extension Road is connected to the Gurgaon Faridabad Road and the Delhi Gurgaon Expressway. The commuters can access the Southern and the Central Peripheral Road and go further to Dwarka Expressway through an underpass on GCER. The Sohna elevated Road leads to Sohna and beyond. Even the Delhi Mumbai expressway is accessible from there.
Reasons for the Growing Popularity of the Golf Course Extension Road
There has been an upward movement in the desire and the aspiration levels for the homeownership and this has driven more home buyers to the Golf Course Extension Road. The micro market at one point of time was dominated by just a few. Now, however many branded and reputed developers are focusing on this locality and thereby premium zing it. The micro market is also absorbing the newer price points at which the projects are being launched as these developers also offering great amenities. There are also new colleges, schools, hospitals and entertainment centres coming up in this area. All of these offer it an edge in comparison to the other micro markets.
Conclusion
The Golf Course Extension Road today stands out as one of the most promising micro markets in Gurgaon. This area has today emerged as the central hub of the city. This is driven by a surge in the infrastructure advancement, retail outlets, commercial office spaces and upscale residential developments. Situated in an advantageous position near the NH 18 and the Gurgaon Faridabad Expressway, this has contributed greatly to the Walk to Work Trend in Gurgaon. Therefore, it has become a favoured residential choice for the corporate professionals, ultra-high net worth individuals, high net worth individuals and expatriates. It is believed that as more developers enter the market the demand for properties in this area is expected to increase further. If you are planning to buy Property on Golf Course road, you can get in touch with Grrow Property Management which is one of the best property consultants in Gurgaon.