Golf Course Extn Road: A safe bet for investors

Delhi/NCR
Golf Course Extension (GCE) Road is among the most promising areas within Gurgaon. It is well suited for end users and investors looking for steady, long-term appreciation from investment. Those who wish to earn rental returns from their property may also invest here.

Location, Connectivity

GCE Road is an extension of Golf Course Road, which is currently among the premium localities of Gurgaon. It is connected to MG Road via Golf Course Road. NH-8 is also easily accessible from here, while the IGI Airport is on a 30-minute drive. GCE Road is also connected to Sohna Road and will also soon get connected to GurgaonFaridabad Road, too.

Infrastructure

Nearly 13-14 of the new sectors of Gurgaon lie on GCE Road. In terms of infrastructure, these sectors are much better placed than the other new sectors of Gurgaon with the roads already built here. The sectors on GCE Road are not yet developed, but as they lie close to some of the fully-developed sectors of Gurgaon, people living here can step across to those sectors nearby for their daily shopping.

Schools, markets, hospitals, police stations-all the elements of social infrastructure-are available across the road in the developed sectors.

Future Developments

Several infrastructure-related developments are in the offing, which will enhance the attractiveness of this area.

The Rapid Metro that runs from Sikandarpur is being extended to Sectors 54-55. These sectors are very close to GCE Road. The Metro station will be barely 0-5km from any point on GCE Road and once the Rapid Metro link is complete, it will provide a major boost to property rates on GCE Road.

According to local brokers, at least 4-5 private universities are slated to open here in the near future, transforming this area into an educational hub. Several developers have acquired large parcels of land for this purpose.

GCE Road has two sets of sectors. One set falls right on GCE Road. The other set falls on the rear side--about 1-2km away from GCE Road--the educational hub will come up here.

There are plans to extend GCE Road towards Mehrauli, as the original plan was to develop two roads: Northern Peripheral Road (NPR)-popularly called Dwarka Expressway-and Southern Peripheral Road (SPR).

The idea behind developing these two roads is to reduce the traffic on NH-8. SPR will connect Mehrauli to Manesar.About 5km of this road is GCE Road and, once SPR is fully developed, GCE Road will come much closer to Delhi, pushing prices in this area.

Prices

The cost of apartments here begins from Rs 7,000 per square foot and goes up to Rs 11,000 per square foot, depending on the location, the developer, and the quality of the apartment (luxury or mid-end). Plots cost around Rs 60,000-75,000 per sq yard.

Well-suited for end users

One reason why end users should invest on GCE Road is that they can get possession of an apartment early. Possession will be given in many projects over the next one year.

Possession will be given in almost all the projects here over the next 5-6 years. This area is also good for end users because it will become inhabitable in the near future.

Pradeep Mishra, head of Gurgaon-based Sainik Estates: says: “Infrastructure is already well developed in the established sectors on the other side of GCE Road, so extending it to the new sectors will take less time.“

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/golf-course-extn-road-a-safe-bet-for-investors/80048.html