Realty hot spot series: An affordable residential area in Delhi NCR

This week's ET Wealth Realty Hot Spot Series takes a look at the affordable residential area of New Gurgaon. It comprises a good mix of ready-to-move-in and near completion of residential projects. The area has good widespread connectivity through National Highway 48 and Dwarka Expressway.

The price range of properties here is between Rs 2,900 square feet and Rs 7,600 per square feet. The average price of a 1-BHK property is Rs 18 lakh, 2-BHK is Rs 58 lakh, 3-BHK is Rs 95 lakh, and 4-BHK is Rs 1.38 crore.

Locality snapshot: New Gurgaon

• Prime affordable residential destination in Gurugram
• Comprises a good mix of ready-to-move-in and near completion residential projects
• Upcoming commercial hub for several small and medium enterprises and startups
• Good widespread connectivity through National Highway 48 and Dwarka Expressway
• Developing social infrastructure in the form of shopping complexes, schools and hospitals

Supply by BHK

Consumer preference by budget segment (Rs)

Consumer preference by covered area (sq ft)

• Schools 10+
• Hospitals 10+
• Restaurants 20+
• Banks 20+
• Grocery Stores 20+
• Petrol Pumps 5+

Source: Magicbricks