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News: Luxury Apartments to Live in Gurgaon. - Great Location to Invest In Gurgaon

Gurgaon, India's one of the most expensive city with high-rises and huge malls, is on the road to emerging as  equivalent to South Delhi locations.

 

Luxury Apartments in Gurgaon / New Gurgaon, has seen an increase of 173 per cent. In South Peripheral Road, Gurgaon, a high-growth area in the region, apartment prices have risen from Rs 2,550 a sq ft in 2009 to Rs 10000 a sq ft in Golf Course Extension Road.

 

In South Delhi, Golf Links, Jor Bagh, and Sunder Nagar are among the areas that have seen the steepest rise in apartment prices, an increase of 97.9 per cent.While the price differential between Gurgaon and the most expensive areas in South Delhi is bleak there's little doubt that Gurgaon, the biggest investor-driven real estate market, is fast catching up with the prime locations in the capital. In fact, property prices in the Golf Course Road in Gurgaon, which is not seeing any new launches, are close to those in some South Delhi localities.

 

Although average property prices in South Delhi are three to six times more than in Gurgaon, depending on the location, the gap is expected to narrow to two to three times in five years.

 

The gap between prices in Gurgaon and South Delhi would narrow further, provided the infrastructure around the Dwarka Expressway is developed soon. Dwarka Expressway, where a series of housing projects have been launched in recent months, looks promising and is expected to come up fast.Only locations such as East of Kailash, Lajpat Nagar and Kailash Colony, where prices stand at Rs 22,000 a sq ft, can be compared to some areas in Gurgaon such as Golf Course Road.

 

With Gurgaon becoming a commercial hub, people are compromising on address and preferring better facilities and amenities over a South Delhi address. The comfort level of living is much higher in Gurgaon, which has better infrastructure than in South Delhi. Plus, there are added amenities such as clubs, swimming pools, and security -- all in a gated community, which makes the price comparison impossible,

 

 

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