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Gurgaon property


Historical Backdrop

The origin of the city name can be traced back to ancient Hindu scriptures. It is believed that this land was owned by the legendary rulers Pandavas and Kauravas, who presented it to Guru Dronacharaya, their royal guru for warfare, as an appreciation of his training. The land came to be known as Guru Gram, which literally translated means "Village of the Guru", which in due course of time got distorted to the name Gurgaon. The village still exists within the modern day city. Historically known as Guru Gram, the city economic growth story started with the Indian automobile manufacturerMaruti Suzuki India Limited setting up a manufacturing plant in Gurgaon in the 1970s. By October 2013, half the Fortune 500 Companies had opened offices in Gurgaon.

Urbanisation and Demography

Witnessing rapid urbanization, Gurgaon has become the city with the third highest per capita income in India, even though the city grapples with the problem of lack of proper infrastructure and utilities, frequent power outages and rising crime.Gurgaon has an estimated population of 876,824 as per 2011 India census, of which 475,612 or 54.24% are males and 401,212 or 45.76% females. Gurgaon has a sex ratio of 844. The population under the age of six is 108,623, with 58,842 males and 49,781 females, making child sex ratio 846. The number of literates are 662,696 with 373,164 males and 289,805 females. The effective literacy rate of population aged 7+ is 86.30 of which the male rate is 89.54 and the female rate 82.46.

Topography and Climate

The average land elevation is 711.9 ft (217 m) above sea level.

Under the Kôppen climate classification, Gurgaon experiences a monsoon-influenced humid subtropical climate. The city experiences four distinct seasons - spring, summer, autumn and winter, along with the monsoon season setting in towards the later half of the summer. Summers, from early April to mid October, are typically very hot and humid, with an average daily June high temperature of 104 °F (40 °C). The season experiences heat indices easily breaking 110 °F (43 °C). Winters are very cold and foggy with few sunny days, and with a December daytime average of 37.4 °F (3 °C). The Western Disturbance brings some rain in winters that further adds to the chill. Spring and autumn are mild and pleasant seasons with low humidity. The monsoon season usually starts in the first week of July and continues till August. Thunderstorms are not uncommon during the Monsoon. The average annual rainfall is approximately 28.1 inches (714 mm).

General Understanding

Understanding Gurgaon

Gurgaon is bisected by the NH8 with old Gurgaon to the North and New Gurgaon to the South.

New Gurgaon

This part of Gurgaon is sectioned by primarily three roads which run at right-angles from NH8 and meet the Golf Course Extn road. Namely, the Golf Course Road, Road from IFFCO Chowk via Huda City Centre (the last station of Delhi Metro) &Ardee City and third the Sohna Road (where the Golf Extn Road ends and is taken on by the Southern Periphery Road which meets the NH8). Another imp landmark of Gurgaon is the Gurgaon-Mahrauli Road which originates from IFFCO Chowk and goes to Mahrauli (via Sikanderpur), on which all the Malls are located. There are a Number of villages intermingled within HUDA sectors which influence the real estate index in a huge manner.

Old Gurgaon

Constitutes of the village Gurgaon and some decent residential colonies like PalamVihar, Sector 14 and sector 16. This is sectioned laterally by the Pataudi Road. The Dawarka Expressway (Northern Periphery Road) to the North now marks the extremity of Old Gurgaon. The Expressway is bisected by the Pataudi Road and generates two discrete sections of New-New Gurgaon.

New-New Gurgaon

The Dawarka Expressway starts from the east and moving towards west and then turns south towards NH8. The sectors from 99 to 112 on the north and south of the Expressway are biased towards Dawarka, whereas sectors from 80 to 97 are loosely refered to as New-New Gurgaon (the area south of Pataudi Road). These are entirely new sectors with a number of projects (residential as well as commercial) under different stages of construction. The completion of Dawarka Expressway towards Dawarka has been stuck up for the past 2 to 3 years due to the non-resolution of the conflict of PalamVihar II colony (a stretch of 2 to 3KMs) which needs to be removed. Due to the above reason the property index has remained stagnant for the past 1 year plus.

Market Analysis

Sr. No. Locality/Sector Sectors Status Market Rates Advantages Disadvantages
1. Dwarka Expressway from Dawrka till Junction of Pataudi Road 88A, 88B, 37D, 99A, 99, 102, 102A, 103, 104, 105, 106, 107, 108, 109, 110, 110A, 111, 112, 113 A No. of Societies have come up. But the road will take min 3 to 4 years to come up. 4700/-
# Sectors towards Dawarka have a better connectivity to Delhi.
# Prices will sky rocket once the road comes up
# Metro to come up
# Has no connect with new Gurgaon. Dependency on old Gurgaon and Dawarka.
# A Number of village pockets exist.
2. Dwarka Expressway from Junction of Pataudi Road to NH8 81, 82, 83, 81A, 82A, 84, 85, 86, 89, 90, 91, 92, 95 A No. of Societies have come up. But the road will take min 2 years to come up. 5500/-
# DLF City & Vatika India Next located here.
# Well planned
# Almost nill village pockets.
# Direct connectivity to NH8.
# Hospitals/schools and commercials coming up.
# Ideal investment
# Metro to come up
# Has limited connect with new Gurgaon.
# Will take min 3 to 4 years to develop.
3. Southern Periphery Road 68, 69,70, 71, 73, 76, 77, 78 A No. of Societies have come up. But the road will take min 1 to 2 years to complete. 6000/-
# Connectivity to Sohna road & NH 8.
# High end Projects coming up in sectors 70 and 71.
# Metro to come up
# Internal roads will take min 2 to 3 years to develop
# Hospitals aboutt 30 to 45 mins away.
4. Golf Extension Road 58, 59,60, 61, 62, 63, 63A, 65, 66, 67, 67A The area will take 1 to 2 years to develop 7000/-
# Excellent location. Well connected. Metro to come up..
# High end societies coming up
# Emaar&Ireo have major projects.
# High costs.
5. Sohna Road Well developed 8500/-
# Location has come up well
# Ready to move in societies, floors.
# Not very old.
# Costs will go up
# Village pockets.
# Metro not planned
6. Golf Course Road Posh localities 15000/-
# The luytensof gurgaon.
# Metro in place
# High end societies.
# Most Expensive area.