An aerial rendition of the residences at Pioneer Park
Recently we heard that Golf Course Extension Road is going to be the next destination for luxurious residential projects in Gurgaon.
This developing stretch has carved a niche for itself in a very short period, as it is on a 30-minute drive from the Indira Gandhi International Airport and has easy accessibility to NH-8 and South Delhi through the Gurgaon-Faridabad Expressway.
The Golf Course Extension Road is a relatively new locality. During the slowdown, the number of transactions had dropped considerably, but now with improving infrastructure and a growing demand for premier lifestyle housing segments, the realty scenario on this stretch has changed.
Upcoming Residential Projects
Developers and prompters are raising golf-themed apartments and luxury villas. Top realty players like DLF have already launched several premium projects like Aralias and Belaire on this road.
While projects like these have done their bit in promoting the area, the area has turned into a high-profile individual's destination with the development of Road No 9 from Sikandarpur to Golf Course Road. The extension of this road also connects to Sohna Road further opening up the area to development.
Apart from DLF's projects, the other launches along this stretch include Ansal API's Esencia, M3M's Golf Estate, Pioneer Group's Pioneer Park, Emaar MGF's Emerald Hills, Tata's Raisina Residency and IREO's Grand Arch.
Sectors like 55 and 56 along the Golf Course Extension Road already have a large number of cooperative group-housing societies, which have created a critical mass of population on this stretch. The new stock coming up here is 3- or 4BHK luxury apartments of 1,500 - 2,500 sqft, quoting at a base rate of Rs 11,000 sqft.
On the Commercial Front
An aerial rendition of M3M's Golf Estate
Commercial projects like Global Business Foyer, Paras Twin Towers, Suncity Business Park, and Ninex Time Tower have already been handed over for possession.
The availability of commercial space has increased by approximately 30 per cent. In the retail segment on the Golf Course Extension Road, Emaar MGF has launched the Emerald Plaza mall. Unitech has launched two office space projects - Unitech Business Park and Silvertone.
M3M is coming up with Golf Estate duplex apartment on 75 acres in Sector 66. The Golf Estate has three sections - Fairway West, Fairway East and Fairway Polo Suites. Fairway West is expected to be completed in 2014, while the entire project, including Fairway East and M3M Polo Suites, are likely to be completed within the next three years.
Fairway East and M3M Polo Suites offer 3BHK units of 3,655 sqft, 4BHK units of 4,465 sqft, 4BHK duplex of 5,465 sqft and 5BHK Simplex of 5,600 sqft at Rs 11,000 per sqft.
Author: AK Tiwary
Image via Golf Course Extension Road
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