The Millennium City, Gurgaon promises to offer incredible opportunities to real estate enthusiasts. In this regard, several locations in the city come with prospects for growth. One of such areas includes Golf Course Extension Road. Sound connectivity, better infrastructure, office spaces are the factors that add to the reasons that could make the location a prime residential area.

According to a report commissioned by Knight Frank India this year, a real estate consultancy, Golf Course Extension Road is one of the prime destinations that are expected to gain highest price appreciation in the NCR in next five years.

Why Golf Course Extension Road is a Big Hope?

The reason behind the prospect of growth of Golf Course Extension Road poses several positive aspects. The location offers easy accessibility to Golf Course Road, Sohna Road, NH-8 and Indira Gandhi International Airport. Golf Course Extension Road also promises to offer good connectivity to Gurgaon-Faridabad Road. Not just that, major hospitals, quality schools, metro station, MG Road are easily accessible from the location. Established sectors including 48, 49, 50, 52, 54, 55, 56, 57 are in close proximity to the Golf Course Extension Road. These parameters witness a strong grasp of the area to welcome a large number of residents in future. Moreover, construction of the metro line to Sector 55-56 is in progress and is expected to be completed by next year, 2017. Earlier the promised time of completion was September 2016, however, the on-going pace seems to finish the project in the coming year.

Residential and commercial projects from reputed builders on Golf Course Road make sure that the extension road will have an excellent locality. It is also possible to hang out with friends and family at the restaurants and lounges that are in very close proximity. Cyber Hub, that houses a number of corporate offices, is located at a distance of approx six kilometres and is easily accessible from the Golf Course Extension Road. Furthermore, the existing highway that connects Delhi and Gurgaon through NH-8 is also 16-lane to assure less traffic congestion as there is no dearth of vehicles on the road and it was not possible to drive comfortably due to heavy traffic congestion before the widening of the road. The expressway has also reduced travel time from the extension road to NH-8. Therefore, Golf Course Extension Road is going to be amongst premium properties in Gurgaon.

The Golf Course Extension Road gives a hope to home buyers as several new projects from well-known builders including Ireo, M3M, Ansal Group, etc., are in progress. Abodes in the projects are highly appreciable from the perspective of living standards, quality, unit spaces, etc. Moreover, the area is also a good choice from the investment point of view. An advantage of the area over nearby residential sectors like Sector 55-56 is that it offers new residential units. Buyers need not compromise with numerous things. High rise apartments or low rise floors in Sector 55-56 are no more new born and offer old specifications, styling and facilities. Who wants to live in an old house when a well-built new apartment is on the other side?

A few corporate offices have also shifted to the locality, many more are expected to establish in next coming years. Moreover, the upcoming residential and commercial hub, South of Gurgaon, Sohna is located at the drive of 20-25 minutes from the Golf Course Extension Road.

The price trends of abodes on Golf Course Extension Road begin at Rs. 6,800 per sq. ft. and extend till Rs. 9,800 per sq. ft. According to the report launched by Knight Frank India, minimum price of apartments will reach Rs. 9,700 per square feet and extend till 13,900 square feet by the year 2020. It clearly indicates that the hike in prices will be 42% in next four years. This price rise may be due to the connectivity of Golf Course Extension Road to Sohna Road and Golf Course Road. According to Knight Frank India’s national director residential agency, “There will be an upsurge in demand, due to the completion of projects, establishment of social and physical infrastructure, and more office space getting constructed”.

The good news is that the metro line from Huda City Centre will connect to Southern Peripheral Road (SPR) via RD City Road which is going to be the nearest metro line from the extension road. Nonetheless, the project will take time to commence.

According to Mr. Brijesh Singh, Director of Gurgaon based Real Estate Consulting Company, Straightway Propmart, “Due to constant up-downs in real estate market in Gurgaon investors are no longer able to afford to invest in the areas that are in developing state and having projects from the builders that have just stepped into the industry. Such areas will take a few more years to be well-established.” Investors need to target the areas that benefit end users from all crucial perspectives. Projects that are ready for handover and offer considerable infrastructure are the remarkable choice for investors in current scenario. High-end residential projects on Golf Course Extension Road are a creamy Gurgaon property for investors as well as buyers” he added.

There is no denying the fact that owning a home is in everyone’s wish list and the planning must be smart as well as strategic. In a city like Gurgaon that already sets high prices of property, it becomes more important to proceed carefully. Therefore, Golf Course Extension Road is amongst the advantageous choices. If you have set a good budget, buying a home in this area is a wise decision.