The premium quality of Golf Course Road has rubbed off on Golf Course Extension Road and it is one of the future prime locations of Gurgaon, Golf Course Extension Road,which connects Golf Course Road to Sohna Road,is emerging as a frontrunner in the Gurgaon market currently.Prominent developers like M3M Developers,Ansal API,IREO Group,Pioneer Group and Vatika Group are present in the locality.There is a plan to extend this road in future and connect it to NH-8 near Haldirams.
Golf Course Extension Road has several intrinsic advantages.First,because of strong commercial complex base along the Golf Course Road and the Sohna Road,it is a vital link between the two commercial hubs.It abuts the densely populated stretches of Sectors 55-56 with over 300 cooperative group housing societies as well as condominiums in DLF Phase V,DLF Golf Course Road and Sohna Road.Therefore,with a densely populated catchment area,all ancillary facilities like malls,entertainment and restaurant hubs as well as connectivity have already come up here.
It also has the most efficient connectivity to MG Road and Faridabad.In addition,the proposed plan for a Metro line in Golf Course Extension Road has led to a price rise in the locality.Most developments coming up on this stretch have been in the premium category.Many like Pioneer,IREO and Vatika layouts are township projects with integrated development planned in the future.There is frenzied construction activity taking place on the ground.Since many new projects are underway,developers are ensuring that infrastructure needs and social amenities will be addressed at this stage only,so that it does not hamper the overall development of this area.The ongoing capital values of apartments in this locality are in the range of Rs 5,600 to 6,000 per sq ft.
Deepak Ruhil of Base Realty says that Golf Course Extension Road is one of the future prime locations of Gurgaon."The projects here by top builders will give a very good return to buyers and investors in the future.This road will have the best connectivity through the proposed Metro and improved infrastructure,"Ruhil says.
A property owner said that the 'premium' quality of Golf Course Road has rubbed off on Golf Course Extension Road.The quality of construction and infrastructure is on a par with those on Golf Course Road,the owner added.To name a few,some projects that are under construction in this locality are Emaar MGF's Emerald Floors,Unitech's South Park,IREO's Uptown,TATA's Louvre,M3M's Golf Estate,Pioneer's Presidia,among others.
Golf Course Extension Road is on a 30-minute-drive from IGI Airport and reputed schools like Shri Ram School,DPS,Shikshantar,Heritage,GD Goenka and Pathways are within a 20-minute-drive from this locality."Major hospitals like Medi-City,Artemis,Max,Apollo,Batra are also close by.
CONNECTIVITY DRIVES PRICES ON GOLF COURSE ROAD
The size,scale of lifestyle features and connectivity to the rest of the city and to Delhi,makes the Golf Course Road a preferred residential destination.
Golf Course Road,with residential projects by major developers in Gurgaon,like DLF,Emaar MGF,Unitech Group,Ansal API,BPTP Ltd,among others,sports a premium tag in the city.Any developments near a Golf Course in any city,is considered a premium area.
In Gurgaon,the DLF Golf Course is the only one within the residential limits of the city.All the others like the Classic Golf Course are along the expressway,away from the main city.
In addition,the size,scale of lifestyle features and the connectivity to the rest of the city and to Delhi,makes the Golf Course Road a preferred residential destination.Both the middle- and high-income groups are investing on this stretch.The middle- income groups have a large pool to choose from,in the Cooperative Group Housing Societies in Sectors 55,56 and 57.
Privately built apartments like Pinnacle,Icon,Aralias,etc,from the DLF group,are in the super-premium category.All of DLF Phase V comes in the upper-middle category.The current capital value of apartments in this locality is between Rs 8,000 and 10,000 per sq ft.The rental value of apartments is approximately from Rs 30 to 32 per sq ft.The reasons for this are the presence of a good social network and location advantage.
Vijay Agnihotri of Ankit Real Estate says that the main reason for high demand in this locality is that it provides a buyer the comfort of being within the Gurgaon limits and also close to all facilities - hospitals,schools and malls."It is an ideal experience for a buyer to have everything within easy distance and Golf Course Road provides that."
The capital value of multistorey apartments has increased by 7% in the April-June quarter compared to January-March quarter.On the other hand,the rental value of apartments has witnessed a rise of 10% in the same period.Rental values in this locality have witnessed a steep increase owing to demand for rental housing,as many people are looking for comfort of living when they migrate to Gurgaon for jobs.Being in close proximity to several commercial buildings,the premium residential units are sought after by employees in this area.
Deepak Ruhil of Base Realty says that Golf Course Road is one of the prime roads in terms of projects by various top builders and also in terms of the value of land/apartments."In future,the locality will give very high return on the investment of residential and commercial properties."The widening of road to six-lane with a service lane has been awarded to DLF/ IL&FS.Ruhil adds that the DLF Metro line will be covering the road up to Extension Road and will have the best connectivity to Delhi as well other parts of Gurgaon.
