Master Blaster for Gurgaon Real Estate Markets

By: George Gonigal

While the present plan caters to the population of Gurgaon i.e. 22 lakh, the New Gurgaon-Manesar Urban Complex Plan 2021 is designed keeping in mind the population of 37 lakh and includes Manesar, as well.

For buyers, the new masterplan means an opportunity to buy property in Gurgaon at affordable prices. Earlier, end-users didn't have options, so they had to purchase property at prices ranging from Rs 2,500-7,000 per sq ft. Now with the coming of the master plan, buyers will have more options to buy real estate of their choice. More availability will also result in some moderation of property prices, experts say.

Overall development

It envisages wider roads and allocation of more areas for residential, commercial, SEZ and infrastructure purposes. New roads are also on the agenda. There will be a 150-metre road linking Vasant Kunj, Mehrauli and Gurgaon and another 150-metre connecting Andheria More, Gurgaon, Faridabad and Delhi.

A 75-metre stretch will link Dwarka's residential complex and Palam Vihar to Gurgaon and a 150-metre peripheral road for Gurgaon inter-city will run parallel to National Highway-8, till the toll plaza. Sector roads have been increased from 60 to 75 metre. A positive sign for residents, real estate investors and developers as well.

Continuing their thrust on the road connectivity across and around Gurgaon, a half-a-km wide buffer will also run from Dhanavaj village, adjacent to the railway line, towards Shikopur village near the NH. This stretch will be around 12-13 km long. Also on the agenda is a leisure valley.

Delhi Metro extension of the link coming from Central Secretariat into South Delhi Andheria More, near Qutab Minar in South Delhi to Gurgaon, IFFCO chowk, south City -II to Manesar. Another Metro link is coming from Dwarka, Palam Vihar till Manesar. These both Metro links will connect at the same place.

Investment Opportunities

According to the latest Gurgaon-Manesar plan, 58 more sectors will be developed in addition to the existing 57, taking the number of sectors to 115. A slew of property projects have already been developing in these sectors and one can plan buying property in sector 91, 92 etc., of course after research, says Kushal Pal, a property broker based in Gurgaon.

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