April 8, 2024

Sector 63 and Golf Course Extension Road: Gurugram’s New Epicentres of Luxury Real Estate

Gurugram, the satellite city of Delhi, has long been synonymous with rapid urbanisation and burgeoning real estate developments. Among its various micro-markets, Sector 63 and Golf Course Extension Road have emerged as prominent destinations, reshaping the city’s skyline and redefining luxury living. Let’s take a closer look at these dynamic real estate hotspots.

 

Sector 63: The New Luxury Destination

Once a typical residential area, Sector 63 has undergone a remarkable transformation, evolving into a symbol of modern living in the National Capital Region (NCR). In the past year alone, property rates in Sector 63 have surged by a staggering 77.3%, signalling a significant shift in the area’s status.

Sector 63’s ascent to prominence signifies a pivotal shift from a residential zone to an aspirational hub of luxury real estate and high-end investments. Industry experts attribute this transformation to broader urban development trends, highlighting the area’s economic revival and potential.

 

DLF’s Game-Changing Project: The Arbour

DLF, a leading real estate giant, played a key role in reshaping Sector 63 with the launch of its luxury high-rise project, The Arbour, in 2023. Spanning 25 acres, this project comprises 1137 4 BHK units, with prices starting from INR 7 crore onward per unit. Despite its premium pricing of Rs 18,000 per square foot, The Arbour witnessed unprecedented success, with the project being fully sold out within three days even before its official launch. This overwhelming response underscores renewed interest and confidence in Sector 63’s real estate market.

 

Impact on the Local Real Estate Market

The success of The Arbour not only elevated the appeal of Sector 63 but also rejuvenated the local real estate market, setting a precedent for growth and investment in the post-pandemic era. Improved infrastructure and aesthetic appeal have further enhanced the area’s desirability, attracting diverse stakeholders ranging from homebuyers to investors.

 

Luxury Living Redefined: The Urban Oasis and Beyond

Following the success of The Arbour, other developers like Emaar have ventured into Sector 62 with high-rise projects such as The Urban Oasis. Notable developers are also leaving their mark in the area, enriching its profile as a luxury hotspot. TARC Real Estate is gearing up to unveil a high-end residential project promising modern living with luxury amenities, further enhancing Sector 63’s allure to upscale homebuyers and investors.

 

Golf Course Extension Road: A Real Estate Gem

Golf Course Extension Road, situated at the nexus of development and urbanisation, has emerged as one of the most promising areas in Gurugram’s real estate market. This 90-metre-wide road connecting MG Road to Gurgaon-Sohna Road has witnessed a remarkable transformation since its construction in 2009, evolving into a magnet for high-end residential seekers.

 

Expansion and Development Initiatives

Recent development initiatives have seen the expansion of Golf Course Extension Road to encompass new sectors such as 61, 62, 65, 66, and 67. Key stakeholders, including real estate giants, are pouring resources into this burgeoning corridor, with plans for interconnected roads, wider streets, and world-class social infrastructure. The vision for green belts and institutional belts along the road aims to foster a community-driven environment and prevent encroachments.

 

DLF’s Success Story

DLF’s foray into Golf Course Extension Road with The Arbour marked a significant milestone in the area’s development. The project achieved exceptional pre-launch sales milestones, exceeding Rs 8,000 crore for its upscale high-rise residences. The Arbour’s success underscores the growing demand for high-quality real estate on Golf Course Extension Road and reflects a paradigm shift in homebuyer preferences towards luxury living.

 

The Future of Luxury Living

As development continues to unfold on Golf Course Extension Road and Sector 63, these real estate hotspots are poised to redefine luxury living in Gurugram. With world-class amenities, smart home technology, and sustainable living options, these areas stand as testaments to visionary urban planning and offer a glimpse into the future of modern living in India’s evolving real estate landscape.

 

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