Golf Course and Golf Course Extension Road Gurgaon

When a newcomer first visits Gurgaon he or she usually comes by the NH 8, upon entering the city and driving straight on the NH8 visitors usually travel over a flyover with a breathtaking view of the entire city. So it seems to the newcomer.  In reality that first mesmerizing view of the city displays only a small fraction of the entire suburb of Gurgaon.

To put it simply, Gurgaon is expanding. Whereas a few decades ago MG Road may have been the hot real estate destination in the city, now there are other real estate hot beds where property in Gurgaon is being constructed, sold and then resold with an increase in price of the property with each transaction.

An anomaly among the real estate markets in the country, real estate in Gurgaon had in the past been an investor driven market where prices had been led higher by investor seeking quick returns on their investments.

This investor driven growth in real estate prices in Gurgaon petered out nearly three years ago as the supply of new homes in Gurgaon exceeded the demand. Although the price of apartments in Gurgaon has declined in the city, it is still well above that of homes in most other real estate markets in the country.

Gurgaon is expanding; this is an important theme to keep in mind when considering where to buy apartments in Gurgaon. An important stretch of road with many residential projects in Gurgaon, Golf Course Road has properties which are already priced beyond the budget of most investors. Yet Golf Course Extension Road may still be a viable locality for some buyers to own flats in Gurgaon, at least more viable than Golf Course Road.

Whichever way you look at it, property in Gurgaon is expensive. If you want to own a luxury home in the city it will almost certainly cost you more than 2 to 3 crores at even the most affordable localities in the city. If you have the money and want to invest in property in Gurgaon, then this just may the most opportune time in the past few years to go ahead and buy that dream home.

Even though today in Gurgaon, Golf Course Extension Road may be the poor cousin to Golf Course Road, in the future prices for property at Golf Course Extension Road may rise to what they are at Golf Course Road today.  Considering that the average cost of property at Golf Course Road is nearly 20000 Rupees per square foot and that at Golf Course Extension Road is a little less than 13000 Rupees per square foot, shows a remarkable price difference today between the two closely located and well linked neighborhoods.

For an investor who seeks a handsome return in the future on his or her investment and has set aside a large enough sum of money, investing in some of the new projects in Gurgaon at Golf Course Extension Road may almost certainly result in large monetary gains in the future.

property in Noida

Property in Greater Noida showed tremendous promise a decade ago, and if some top members of the Uttar Pradesh government get their way property in Greater Noida may once again be among the top investment destinations in India.

The government of Uttar Pradesh has already requested the aviation ministry to build an international airport at Jewar. If things go as planned by the UP Government, it could mark a turning point for residential property in Greater Noida, a market in a slump which never quite to rose to fulfill its promise. Sources say close to 2,400 acres of land have been acquired for the proposed airport.

Could this finally happen? Perhaps the more important question is should it happen? The International Airport at New Delhi old thought it may be, is still not operating at peak capacity and may not do so for several years. The volume of air traffic at the Delhi Airport is nowhere near peak capacity potentially raising the risk that another International Airport in the NCR region would result in wasteful expenditure and possibly a new ghost airport.

Reasons to construct a new International airport at Greater Noida vary between utility, vanity and a me too mentality, with the former two as the more plausible reasons. There is little to make the case for an utility argument when another airport within the NCR is years, perhaps decades, away from reaching its peak traffic limit.    

Vanity certainly plays a part, as due to the easy connectivity of Gurgaon with New Delhi, upcoming projects in Noida have diminished in number and scope. A new International Airport at Greater Noida could certainly resurrect the market for property in Noida and give the city added prestige. Me-to is the concept understood by the masses who would just love to have a new international airport, who knows, one day they may even catch an outbound flight from it to an exotic foreign destination. 

Whether the city of Greater Noida really needs a new International Airport is debatable and I would love to hear plausible arguments from the other side.