HIGHRISE BOUNTY FOR GURGAON

HIGHRISE BOUNTY FOR GURGAON

THE gurgaon _ manesar urban complex 2025 master plan has upgraded the area to be included for development of residential plots, in the new scheme, highrise apartment are expected to take centre stage,

The national capital satellite township of gurgaon, a city of scrapers, is seeing a growing trend of high rise residential apartments marking its skyline. As much as 60% of the total population residing in the 57 sectors of gurgaon lives in these high rise societies built by private developers like DLF, unitech, Emaar MGF, among several others. Most of these colonies can been seen on the MG road , on the way from DLF phase 1 towards sector 56 on golf course road , on sohna road ( from rajiv chowk towards badshahpur village) and a few around the delhi – gurgaon expressway like the Raheja’s Atlantis . The trend is gradually shifting from individual plots to geted colonies, say experts , who add that more such residential high rises will come up in new sectors under the master plan 2025( still to be notified).The new draft development plan 2025 of gurgaon-manesar , urban complex will cater to the needs of a projected population of 39 . 7 lakh with more open spaces compared to the earlier notified plan of 2021, which was planed for a population of 37 lakh, says the deputy commissioner of gurgaon, Rajender kataria. He adds that under the new plan, the area covered has increased from 37, 069 hectares to 37,314 hectares, of which 15,009 hectares has been reserved for residential purposes. Earlier, the area earmarked for residential sectors was 14,930 hectares. Experts believe that the number of highrise societies will see a spike in the new sectors, from 58 to 115, for which
Land is being acquired in three phases. This, according to market watchers, is because the land prices are at an all time high and affordability is of prime concern, especially when it
Comes to the middle-income groups. Individual homes have issues concerning security , maintenance and cost of construction of plots , which are many times higher compared to owning and apartment. Also , under the peesent day scenario , a high rise offers a wider range of options to a buyer- from mid – income housing project to a croreplus apartments and luxury apartments. Out of 12 projects announced in the new sectors , nine residential highrise apartment while only three indivisual plots and villas,according to the latest data
Available on rentgurgaon.com, a property website.Individual villas in these projects are 3/4/7
BHK and have a price range between Rs 1.75 and Rs 3.05 crore for areas ranging from 2,5oosq ft to 5,889 sq ft, depending on the location of the projects. On the other hand, residential apartments of 2/3/4BHK projects with average areas between 1,600sq ft and 2,200 sq ft are priced in the range of Rs 50 to Rs 70 lakh.
The only plotted colony which was recently announced was in Sector 73, by a private developer. It seems some time away before Gurgaon sees more plots floated by HUDA with the growing land rates and security still a major concern.
‘’The trend is towards condominiums for a better lifestyle like gated colony,24*7 power backup, recreational facilities. Land is costly,so when it is dividex into several units ( as in a high rise ) it corrects the exorbitant rates , “ says sanjay sharma of a private realty portal . however, there is stiil hope for to own a plot and bill your dream home. According to officials ones the land acquisition process for major roads and other basic infrastructure is in place , and the harayana urban development au t h o r i t y ( huda) demarcrates the sectors , as many as 14,000 plots may be made available in these sectors in the future.

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QUICK BITES
Existing : 57 sectors
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Number of plots in Gurgaon:
1,10,000
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Number of ready or almost ready private builder flats : 41,500 ( approximate). The number of private builder flats quoted is the ones that are ready or should be ready in next 12 to 18 months . Of the 41,500 flats, nearly 6,000 flats are expected to be ready within 12 – 18 months
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Number of society flats: 19,000 (approximate) . Society flats are ones that are generally on 0.5 or 1acre . Flats in areas like sectors: 56,57,43,52,47 etc