Scribd Logo
Upload

Welcome to Scribd!

  • 328 views

    Golf Course Extension Road

    Uploaded by

    Prakash Pandey
    Golf Course Extension Road in Gurgaon, India is identified as an area with high potential for price appreciation over the next 5 years according to a real estate report. It is well-connected by major roads and to the airport, and is close to employment hubs and amenities. Property prices currently range from 6,800 to 11,000 rupees per square foot but are expected to increase 42% on average to 11,800 rupees per square foot by 2020, offering investors an annual return of 7.3%, due to growing demand as infrastructure and projects are completed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Golf Course Extension Road

    Uploaded by

    Prakash Pandey
    328 views1 page
    Golf Course Extension Road in Gurgaon, India is identified as an area with high potential for price appreciation over the next 5 years according to a real estate report. It is well-connected by major roads and to the airport, and is close to employment hubs and amenities. Property prices currently range from 6,800 to 11,000 rupees per square foot but are expected to increase 42% on average to 11,800 rupees per square foot by 2020, offering investors an annual return of 7.3%, due to growing demand as infrastructure and projects are completed.

    Original Description:

    Gurgaon document on real estate

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Golf Course Extension Road in Gurgaon, India is identified as an area with high potential for price appreciation over the next 5 years according to a real estate report. It is well-connected by major roads and to the airport, and is close to employment hubs and amenities. Property prices currently range from 6,800 to 11,000 rupees per square foot but are expected to increase 42% on average to 11,800 rupees per square foot by 2020, offering investors an annual return of 7.3%, due to growing demand as infrastructure and projects are completed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    328 views1 page

    Golf Course Extension Road

    Uploaded by

    Prakash Pandey
    Golf Course Extension Road in Gurgaon, India is identified as an area with high potential for price appreciation over the next 5 years according to a real estate report. It is well-connected by major roads and to the airport, and is close to employment hubs and amenities. Property prices currently range from 6,800 to 11,000 rupees per square foot but are expected to increase 42% on average to 11,800 rupees per square foot by 2020, offering investors an annual return of 7.3%, due to growing demand as infrastructure and projects are completed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Real estate consultancy Knight Frank India in its Residential Investment Advisory Report 2016 has

    identified Golf Course Extension Road, Gurgaon as one of the destinations that has the potential to
    offer the highest price appreciation in the National Capital Region (NCR), over the next 5 years.

    Approach

    Golf Course Extension Road is a six-lane road which connects the Golf Course Road and Sohna Road
    and offers connectivity to the Indira Gandhi International (IGI) Airport. Furthermore, Golf Course
    Extension Road is close to well-established sectors of Gurgaon namely sector such as 48, 49, 54, 55,
    56 and 57. The Golf Course Extension Road is well connected to the Gurgaon-Faridabad Road and
    Rapid Metro is also functional till Sector 56.

    Cyber City, the core employment hub of Gurgaon, is hardly six to seven kilometres from the Golf
    Course Extension Road.

    Social facilities, like malls, schools and hospitals, are accessible within a radius of few kilometres.
    Due to all these influences, the area is likely to attract a lot of end-users in the coming future.

    Potential for appreciation

    In addition to end-users, investors may also be attracted to golf course extn road, even though prices
    are already quite high. Rajan Ahuja, director of Realty and Verticals says, “Among the ongoing
    slowdown in Gurgaon’s real estate market, investors can no more afford to invest in areas that are in
    in budding stage of development, where it will take another 4 to 5 years for infrastructure to be laid
    out and projects to be completed. Therefore, they should focus on areas that are anticipated to see
    a stable influx of end-users, where projects are complete or nearing possession.” From this
    viewpoint, an investor can earn good rental income from projects in the Golf Course Extension Road,
    and also see the price of his property escalate steadily over the next few years, he concludes.

    The cost of apartments on Golf Course Extension Road ranges from Rs 6,800 to 11,000 per sq ft. The
    average rate is Rs 8,300 per sq ft. According to Knight Frank India, the least price is expected to reach
    Rs 9,700 per sq ft, while the maximum rate can go up to Rs 13,900 per sq ft, by 2020. The average
    per sq ft rate may increase to Rs 11,800 per sq ft, which would amount to an increase of 42% over
    the coming years, giving a compounded annual return of 7.3%. Knight Frank India’s national director,
    Mudassir Zaidi says – “There will be a increase in demand, due to the possession of projects,
    formation of physical and social infrastructure, and more office space getting constructed,”

    You might also like