Why is Sector 79 in Gurgaon emerging as a residential hub?
The competitively-priced residential projects, strategic location and strong connectivity network are the primary reasons behind the increasing popularity of Sector 79 in Gurgaon. 99 acres delves deeper to find out the reasons why the locality is featuring among the emerging residential hubs of Gurgaon.
Gurgaon is home to top-notch multinationals including IBM, American Express, Bank of America, Oracle and Microsoft. The major contributors to Gurgaon’s realty expansion is the working class that migrates to the city for opportunities with these large employers.
While property prices are increasing across localities in Gurgaon, the announcement of Haryana Urban Development Authority’s (HUDA) new affordable housing scheme – Ashiana is aimed at reviving Gurgaon’s affordable realty, which has suffered lately due to project delays and slow pace of infrastructural development. In a fresh bid to allot low-cost flats, HUDA had placed around 1,500 Ashiana houses on offer in Gurgaon and Rewari during 2016.
This attracted attention of private building firms who started lining up housing projects within various budget price brackets in Gurgaon. Further, the Centre’s focus on affordable housing and exemption in the tax benefits (announced in Union Budget 2017-18) has led front-runners such as Supertech, Raheja, Tata Housing and M3M Group to shift their focus towards affordable homes. Most of the cost-effective housing options are mushrooming in the recently developed Sectors from 58 to 115. Though there are several lucrative sectors to consider, which is the ideal locality for end-users?
“Well, the answer is Sector 79 Gurgaon, which is evolving as a realty hotspot for its proximity to Delhi-Ajmer Expressway (NH-8), Dwarka Expressway and Golf Course Road,” opines Gautam Adhikari from Adhikari Estates. Unlike many developing sectors of Gurgaon such as sectors 65, 66, 67 and 67A, property rates are quite reasonable here. As per 99acres data, average property prices in the locality range between Rs 4,000 per sq ft and Rs 5,500 per sq ft. Here are a few more factors that make Sector 79 a self-sufficient locality for end-users (except affordability):
Green and less congested
Sector 79 is a peaceful location with a lot of greenery around it. Encircled by four golf courses, the locality is least crowded in comparison to many other sectors. R K Arora, Chairman, Supertech Ltd feels the same. “Sector 79 is located in the foothills of the Aravali ranges. The developing sector is congestion free and is a convenient option to escape the hustle-bustle of the increasingly crowded Gurgaon,” he explains.
The micro-market is well-connected to other parts of Gurgaon through Golf Course Road. Delhi and important localities in the National Capital Region (NCR) are accessible through NH-8 (one km away). Dwarka Expressway, which is set to be operational in June 2017, will connect the locality to the industrial town of Manesar directly. Nearby Southern Peripheral Road (SPR), which was made operational in September 2016 has made the locality more connected to Faridabad, lately. A proposed metro station and ISBT along important sectors of Dwarka Expressway are set to strengthen the public transport link in the region.
Price appreciation potential
With a large number of corporate houses setting up their offices in Gurgaon, the city is fast-emerging as an end-user destination. As the city has a good number of floating population, expert anticipate a rise in residential demand post March 2017. As a result, peripheral sectors such as sector 79 are set to witness an increase in property prices.The opening of Dwarka Expressway will give a leg-up to many residential properties in Gurgaon, including sector 79. “With the completion of Expressway, the area is expected to see up to a 10 percent hike in average property prices,” Adhikari predicts.
While the area is home to many affordable housing projects, it has the potential to cater to high-end luxury homebuyers due to Aravalli view and five-star resorts nearby. With the inflow of population in surrounding sectors 76, 77, 78, 80, 81, 82, 82A, 83 and Manesar sector 1, the demand of both affordable and luxury housing is increasing in the sector. The positive market sentiment is encouraging developers to create apartments and villas here. Godrej Properties, Raheja, Bestech and Supertech are among the active developers in the area. Even, configuration wise, one can choose from 2BHK, 2.5 BHK, 3BHK and 3.5 BHK apartments.
Name of the project
Price range (in Rs)
|Supertech Basera||1BHK, 2BHK||
12 – 26 Lak
|Supertech The Valley||1BHK, 2BHK,3 BHK||
15 – 26 Lak
|Godrej 101||2BHK, 3BHK||
1 – 1.72 Crore
|Bestech Park View Altura||3BHK, 4BHK||
The area is surrounded by world class resorts (ITC Classic Golf Resort, Wet and Wild Resort, Tarudhan Valley Resort). Located adjacent to NH-8, the sector is located opposite to Hyatt Hotel and nearby Radisson and Hamilton Hotel. Enveloped by prominent sectors, several schools, hospitals, banks, ATMs and restaurants dot the area. Some of the schools situated close by include Jai Bharti Public School, Government Primary School, Blooming Buds. Hospitals that are situated nearby are DLF Primary Health Center and Yashlok Medical Centre in Sector 1, IMT Manesar. Some of the banks in proximity are Bank of India, Oriental Bank of Commerce, Andhra Bank, Corporation Bank and ICICI Bank.
Source : 99 Acres