Pataudi Road is coming up as a potential real estate hub because of its proximity to completed, forthcoming and proposed transport links. Brix Research probes the latest entrant on Gurgaon’s Master Plan

Pataudi Road, a previously isolated locality between commercial hotspots, Gurgaon and Manesar, has become a potential destination for investment thanks to increased accessibility. It is now is in the vicinity of three major highways – the recently completed Gurgaon Expressway (NH-8) and the upcoming Kundli-Manesar-Palwal (KMP) Expressway and the proposed Dwarka Expressway.

With connectivity promised in future, and being part of the 2021 Gurgaon-Manesar Master Plan, Pataudi Road is the latest hub, still affordable, but expected to witness appreciation in realty values in the near future. Subhash Kumar, a local realtor, attributes growth of Pataudi Road to increasing demand for housing in Gurgaon, which has led builders to seek new localities that could serve as sites for affordable housing options.

The completion of Gurgaon Expressway (NH-8) had a significant impact on development in Pataudi Road, by way of providing the first link to the more developed regions of Gurgaon and also sharply reducing travel time to Delhi. With areas like Sohna Road becoming commercial hubs, Pataudi Road would be an ideal residential destination at sniffing distance.

Further, as Vitul Sharma, a realtor, says: “The completion of NH-8 had a significant impact on Industrial Model Township (IMT) Manesar, which witnessed appreciation of commercial values. Its proximity to Pataudi Road is an important factor governing development in this locality. As an increasing number of companies shifted their offices to IMT Manesar, the demand for housing in neighbouring localities was bound to increase. This is what builders have cashed in upon.”

The KMP Expressway was the driving force behind rise of Pataudi Road as a potential destination for investment as well as a catalyst for projects like Special Economic Zones (SEZs) by Reliance and Raheja Groups. Sharma says, “With the advent of these commercial projects, a number of projects in the residential segment have also been launched.”

In the near future, Dwarka Expressway is expected to emerge as a lifeline to Pataudi Road, as it provides a direct link to IGI Airport and will enable a drastic reduction in travel time between Delhi and Gurgaon. Further, at 210 metres, its width is greater than those of existing highways like NH-8 (120m), and thus, is expected to hold larger volumes of traffic. A major development in residential segment in this locality has been Ramprastha City – Gurgaon’s first integrated township, spread over 450 acres and located at Sector 37D – promoted by Ramprastha Builders. It comprises three residential projects – Edge Towers, Atrium and The View. While Edge Towers is a luxury project, which was sold out prior to the onset of economic recession in September 2008, Atrium and The View comprise budget homes and were sold out within two months of their launch in 2009.