--[if gte mso 9]> [endif]-->--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE [endif]-->--[if gte mso 9]> [endif]-->--[if !mso]> [endif]--> --[if gte mso 10]> [endif]-->

Three new roads have opened up – Golf Course Road, Golf Course Extension and Sohna Road – to unprecedented real estate development. They are all emerging as prime residential and commercial areas.
Brix Research
charts their route

Gurgaon has witnessed some premium developments along the Golf Course Road. Golf Course Extension is a comparatively new locality. Sohna Road has also witnessed a mix of residential and commercial developments. After the global economic slowdown, prices have not risen significantly. They are more or less stable. Vitul Sharma, a local realtor, says: “In localities like Golf Course Road, prices have been least affected. During slowdown period, the number of transactions had dropped. Now the number of queries has started picking up and market should shape up well in coming days.”
    Any locality abutting any major sports facility, like a golf course, is always at a premium. It ensures a fine view for all times. Realizing this potential, DLF Group launched several of its premium developments like Aralias and Belaire on this stretch. While Princeton, Carlton and Westend Heights had already been launched, its true attractiveness as an end-user destination really came with development of Road No. 9 from Sikandarpur to Golf Course Road. The extension of this road to connect to Sohna Road further opened up the area to development.
Golf Course Road, Residential
    Today, most of the residential developments taking place at Golf Course Road are in the luxury homes segment. Sector 55 and 56 already have a large number of cooperative group housing societies, which has created a critical mass of population on this stretch. The DLF properties of Princeton, Carlton and West end Heights, too, are now populated. The new stock coming up here is these luxury apartments of 3 or 4BHK (bedroom, hall and kitchen) of approximately 1,500-2,500 sq ft area, each with a price tag upwards of Rs 1. The add-on facilities like servant room and study attract higher prices as the area of the apartment increases to 2,200-2,500 sq ft. Such apartments are in high demand.
    Golf Course Road, being a premium locality with high demand, has started seeing a lot of transactions. Vitul Sharma says, “Since July-August 2009, the number of transactions has increased by approximately 30%.” The rental and capital values have witnessed approximately 10-20% and 30-35% increase respectively. DLF has handed over two of its residential projects, DLF Pinnacle and DLF Icon, for possession. Some of the upcoming residential projects in this area are DLF Park Palace, DLF Belaire and TVI’s Qurina.
Golf Course Road, Commercial
    There are a large number of commercial properties, too, on Golf Course Road, and projects like Global Business Foyer, Paras Twin Towers, Suncity Business Park, Ninex Time Tower and Varitas have already been handed over for possession. Vitul Sharma says, “One can roughly estimate that the availability of commercial space has increased by approximately 30%.” The global economic slowdown led to a 10-20% drop in values of office space. Rental values too dropped from approximately Rs 120 per sq ft per month to Rs 80 per sq ft per month.
Golf Course Extension,
Residential
    Golf Course Extension Road was constructed in 2009. Most of the projects launched along this stretch in 2009 are expected to be up for possession by the end-2012. Some of these projects are Pioneer Group’s Pioneer Park, Emaar MGF’s Emerald Hills, Tata Raisina’s and IREO’s Grand Arch. Most of these are budget luxury homes and are priced at Rs 3,000 to Rs 4,000 per sq ft.
    Golf Course Extension, Commercial:
    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 Silverstone. The capital prices prevailing in the retail segment and office space are approximately Rs 9,000 and Rs 7,000 per sq ft respectively.
Sohna Road, Residential
    Exit 10 along NH-8 leads to Rajiv Chowk, Mini Secretariat and Sohna Road. Some developers who have come up with residential projects along the Sohna Road are Vatika, Bestech, Vipul and Unitech Groups. Vipul Green was launched at Rs 1,400 per sq ft and now sells approximately at Rs 4,300 to Rs 4,500 per sq ft.
Sohna Road; Commercial
    Most of the commercial development at Sohna Road took place post-2008 when the expressway was completed. Before 2008, capital values in this area were approximately Rs 3,500 to Rs 4,000 per sq ft. Post-2008, when the expressway was completed, prices rose significantly, registering between approximately Rs 5,000 and Rs 6,000 per sq ft. Current values at Sohna Road for retail and office space are approximately Rs 9,000 to Rs 10,000 per sq ft (retail) and approximately Rs 6,000 to Rs 7,000 per sq ft (office space). Some of the commercial developments along this road are Omaxe Wedding Mall, Orchid Business Park, Raheja R Mall, JMD Galleria and Spaze Platinum Tower.
    The Haryana Urban Development Authority (HUDA) is currently undertaking several development works including storm water drainage, water supply, roads development and connection to sewerage networks in these areas. Good connectivity to airport and better infrastructure has added significantly to the appreciation of values in this realty triangle after 2008.

More  Info. Of: - http://www.zameen-zaidad.com/dlf-second.aspx

                         & http://www.propertycafeteria.com/main.aspx                  

Courtesy:- Times Property dt:- 06-02-2009