Good connectivity with Delhi and the rest of the NCR has turned Gurgaon-Pataudi Road into the latest realty hub, still affordable, but expected to see appreciation.
With rising demand in housing in the Delhi NCR, Pataudi (on Gurgaon-Pataudi Road) has turned into an urban cluster teeming with real estate development and industrial set-ups.
With the scenic setting of the Aravali hills as a backdrop, Gurgaon-Pataudi Road is set to emerge as an axis of residential, industrial, and commercial development.
Why Gurgaon-Pataudi road
Gurgaon-Pataudi Road is one of the newest growth corridors of Gurgaon and developments on this stretch are expected to see capital appreciation of around 15-20%, depending on the quality of the project and its location.
The road lies close to Dwarka-Gurgaon Expressway, Kundli-Manesar-Palwal (KMP) Expressway, and NH-8. Two important factors leading to the rapid development of Pataudi Road is its proximity to NH-8 and availability of land parcels for residential and commercial development. Today, the belt along the road is registering industrial, commercial, and residential development at a good pace. The national and state highways transiting Pataudi provide easy connectivity to other developed parts of Gurgaon and Delhi.
The master plan of this area has allocated large tracts of land in the new sectors along Gurgaon-Pataudi Road for real estate development and connectivity. A 90-metre-wide road is going to be constructed between Vasant Kunj in Delhi to Mehrauli Road in Gurgaon and a 90-metre-wide road will link Andheria Modh to Gurgaon-Faridabad Road in Gurgaon through Mandi and Gwal Pahari.
Apart from this, a 150-metre-wide road connecting Dwarka to Gurgaon at NH-8 near the toll plaza has also been proposed, which will benefit the areas near Pataudi Road by giving it excellent connectivity to Delhi and other parts of the NCR.
Real estate development
With assured connectivity to Delhi and the rest of the NCR, Gurgaon-Pataudi Road is the latest realty hub, still affordable, but expected to see appreciation in values soon.
In the last two-three years, infrastructural developments along Gurgaon-Pataudi Road have multiplied with investors and end users showing keen interest in this area.
Major developers here are Ramprastha, Orris, Raheja, BPTP, SARE, Tulip, ILD, Adani Realty, Sidhartha Group, etc. Many 2-, 3-, and 4BHK units by SARE, BPTP, Raheja, Ramprastha, among others, are available in the price range of Rs 4,500-5,500 per sqft.
Navin Raheja, CMD of Raheja Developers, says: “There is a large influx of well-paid professionals into Gurgaon every year, which translates into strong demand for housing in peripheral areas. The walk-to-work concept is in. In several high-end complexes, corporates have bought apartments in bulk to house their senior executives. Demand also comes from people who want a second home, either for spending their weekends, or for renting out. NRIs also account for a big chunk of demand.”
Metro link line and an Inter-state Bus Terminus (ISBT) have also been planned here, which add to the connectivity of the area.
Vijay Gupta, CMD of Orris Infrastructure, said: “Some USPs of this area are its proximity to the airport and forthcoming educational, hospitality, and infrastructural developments. After a boom in residential projects, the area is set to emerge as the next axis of industrial and commercial development. Availability of land parcels for residential and commercial development is one of the main factors driving development in this location.”
Manish Aggarwal, MD of Satya Developers, said, “KMP was the driving force behind the rise of Gurgaon-Pataudi Road as a potential destination for investment as well as a catalyst for forthcoming and current realty projects.”
Puneet Khullar, VP of Brahma Group, says: “With the advent of commercial projects, many residential projects too have been launched here. Gurgaon-Dwarka Expressway is expected to emerge as a lifeline of Pataudi Road, as it provides a direct link to the IGI airport and will help reduce travel time between Delhi and Gurgaon.”
Source: The Times of India