The national capital’s satellite township of Gurgaon, is currently witnessing a growing trend of high rise residential apartments in its skyline. As much as 60% of the total population residing in Gurgaon lives in these high rise societies built by private developers like DLF, Unitech, Emaar MGF, among several others.
Most of these colonies are gated domains; the trend is gradually shifting from individual plots to gated colonies, add experts, who add that more such residential high rises will come up in new sectors under the Master Plan 2025 which is still to be notified. Individual homes have issues concerning security, maintenance and cost of construction on plots, which are many times higher compared to owning an apartment. This is because the land prices are at an all time high and affordability is prime concern, especially when it comes to the middle-income groups.
The new draft development plan-2025 of Gurgaon-Manesar Urban Complex will cater to the needs of a projected population of 39.7 lakh, compared to the earlier notified plan of 2021, which was planned for a population of 37 lakh.
Under the new plan, the area covered has increased from 37,069 hectares to 37,314 hectares, of which 15,009 hectares has been reserved for residential purposes, which was 14,930 hectares earlier. Out of 12 projects announced in the new sectors, nine are residential highrise apartments while only three are individual plots and villas.
Individual villas in these projects are 3/4/7 BHK and of price range between Rs 1.75-3.05 crores for areas ranging from 2,500-5,889 square feet, depending on the location of the project. On the other hand, residential apartments of 2/3/4 BHK projects with average areas between 1,600-2,200 square feet are priced in the range of Rs 50-70 lakh.
The only plotted colony which was recently announced was in Sector 73, by a private developer. It seems some time away before Gurgaon sees more plots floated by HUDA with the growing land rates and security still a major concern.
