National Highway 8 has been the lifeline of Gurgaon’s residential market. Along with some iconic developments, sectors along this national route also offer some of the most premium units. Currently, buyers who have a long-term horizon in mind will benefit from investments here.
Gurgaon’s National Highway 8 (NH-8) – which connects the NCR with Jaipur and other parts of Rajasthan – remains a prime expressway that continues to fuel the development of residential housing across segments and in every sector alongside. The housing market here is now well-developed, thanks to the overall development of the city.
Both sides of NH-8 have commercial and residential sectors that have mid-scale to premium properties for investment. These sectors continue to offer their own locational advantages. “Over the last decade, sectors along the highway have become important, as they absorbed change and continue to fulfil the demand for residential units at prime locations,” Sushrat Gupta, a realtor in the region, said.
Sectors along NH-8 are connected to most places and locations of importance including the IGI airport, which is on a straight drive from these sectors. Both expressways – the Southern Peripheral Road and Dwarka Expressway – touch NH-8 at Kherki Daula intersection. Arterial and sector roads along the highway are connected through various exits and entry points.
Sectors like 30, 31, 33, 34, 37, 37A, 38, 48, 77, 78, 81, and 82 are some of the prime residential sectors along NH-8. All these sectors have well-laid physical and social infrastructure.
Well-known developers like Ashiana, Emaar India, Umang Realtech, DLF Ltd, Vatika Group, Universal Buildwell, and Central Park have residential projects in these sectors.
What is on offer?
On offer are 2-, 3-, 4-, and 5BHK units whose size varies from 450 sqft to 2,500 sqft. The price of these units depends on their location and the sector. For example, 2BHK costs as high Rs 1 crore and over in Sector 33, which is a much-sought after area.
Strong rental market
Owing to price stability and demand in the region, sectors along NH-8 also have strong rentals. Most of the professionals working in companies in and around Gurgaon prefer these sectors. Thus, rental values have remained on the higher side along NH-8.
A 2BHK unit at a prime location commands Rs 15,000-35,000 per month in rent.
Anuj Puri, Chairman of Anarock Property Consultants, says that in price terms discounts are available across projects. “With so much ready-to-move-in inventory, developers are keen to offload them at the earliest,” he says, which suggests that the market is buyer friendly now.
Sectors along NH-8 have mostly completed projects, hence the premium. “Buyers and investors are showing interest in this area because of easy accessibility, connectivity to various places, and major infrastructural development. The demand for ready-to-move-in units has also increased in recent times, because these are GST free,” Rahul Singla, Director of Mapsko Group, said.