Old Gurgaon has long been the city's original address, and its transformation over the past decade has been remarkable. The arrival of the Dwarka Expressway, the rapid development of the Southern Peripheral Road, and the steady expansion of the Golf Course Extension Road have all contributed to a micro-market that now commands serious attention from both end-users and investors. Within this evolving landscape, new projects in Gurgaon are increasingly judged not just on their immediate surroundings but on their ability to offer a balanced lifestyle. Mittal Cosmos Executive Apartments, located in Sector 28 (often referred to as Sector 2), sits in a zone that benefits from its proximity to the old city's established social infrastructure while also being a short drive from the newer commercial corridors. The project's positioning is particularly strategic for those who work in the Cyber City or Udyog Vihar areas, as the NH-48 is easily accessible, and the Indira Gandhi International Airport can be reached in roughly 25 to 30 minutes under normal traffic conditions.
The developer behind this venture, Mittal, has a track record in the NCR that spans several decades, with a portfolio that includes both residential and commercial developments. While the company may not have the same brand recognition as some of the larger listed players, its delivery history in Gurgaon and surrounding areas has been consistent, and this project is being marketed as a premium offering within its segment. The master plan for Mittal Cosmos Executive Apartments encompasses a land parcel of approximately 14.5 acres, with a significant 80% of the area dedicated to open green spaces. This is a considerable figure for a project in this part of the city, where land is at a premium. The development comprises nine towers, each rising to G+35 floors, and houses a total of 650 units. The scale is substantial, yet the open areas are designed to provide a sense of respite from the density that characterises much of Gurgaon's newer developments.
Within the residences at Mittal Cosmos Executive Apartments, the focus is firmly on the three-bedroom configuration, which is the only layout on offer. This singular focus allows the developer to refine the design and ensure that each apartment feels spacious and well-proportioned. The super areas range from 2,236 square feet to 4,847 square feet, which is generous by any standard. The larger units, in particular, are designed to cater to families that require dedicated study rooms or additional living spaces. The interiors are specified to a high standard, with Italian marble flooring in the living and dining areas, and wooden flooring in the bedrooms. The kitchens are fitted with modular cabinetry and are designed to accommodate European appliances. Each apartment is equipped with a VRV air-conditioning system, which offers individual temperature control in each room, and the windows are double-glazed to reduce noise pollution from the nearby arterial roads. The ceiling heights are set at 10 feet, which adds to the sense of volume and light.
The amenities at Mittal Cosmos are extensive and are spread across the large central green. A grand clubhouse, spanning over 30,000 square feet, serves as the social hub, with a swimming pool, a fully equipped gymnasium, and separate areas for indoor games. For those who prefer outdoor activities, there are tennis courts, a basketball court, and a dedicated jogging track that winds through the landscaped gardens. The project also includes a multipurpose hall for community events and a childcare centre. The 80% open area is not just a marketing claim; the layout has been carefully planned to ensure that the towers are positioned to maximise views of the greens and to allow for ample natural light and ventilation. The ground floor of each tower is designed as a podium, with the residential units starting from the first floor, which helps to create a sense of privacy and security.
From an investment perspective, the project's location in Old Gurgaon offers a distinct advantage. The area has a high density of established commercial activity, including the DLF Cyber City and the upcoming Global City, which is expected to add significant office space in the coming years. This translates into a steady demand for rental accommodation from corporate tenants, particularly those in the IT and consulting sectors. The indicative pricing for the 3BHK apartments at Mittal Cosmos falls within the range of Rs. 1 crore to Rs. 2 crore, which is competitive when compared to similar offerings in New Gurgaon. Given the project's delivery timeline of December 2024, there is potential for capital appreciation as the infrastructure projects in the vicinity, such as the Dwarka Expressway, are completed. Gross rental yields in this micro-market are typically in the range of 3.5% to 5.5%, and the larger unit sizes here are likely to attract premium rents. Setting a strong benchmark for luxury residential projects in Gurgaon, this development is well-positioned to benefit from the ongoing shift towards quality living spaces.
It is important to note that the project is currently listed as 'Not Verified' on the Haryana Real Estate Regulatory Authority (HRERA) website. While this does not necessarily indicate a problem, prospective buyers are advised to conduct their own due diligence and verify the project's approvals and clearances before making a commitment. The developer has indicated that all necessary permissions are in place, and the project is being financed by leading banks such as HDFC, SBI, and ICICI, which suggests that the legal documentation has been reviewed by these institutions. For those considering a purchase, it is also worth noting that the project is under construction, and the delivery date of December 2024 is an estimate that could be subject to delays, as is common in the Indian real estate sector. Nevertheless, for buyers who value the convenience of an established location and the promise of a well-designed, spacious apartment, Mittal Cosmos Executive Apartments presents a compelling option. The combination of a reputable developer, a generous open area, and a strategic location in Old Gurgaon makes it a project worth serious consideration.
