Sector 91 in Gurugram Rapidly Carving Its Niche as Coveted Realty Hotspot- Research Suggests

Defined by its reputation as a bustling millennial city, cosmopolitan appeal, and robust infrastructure Gurugram is counted among one of the largest real estate markets in India. The city has witnessed unprecedented growth and vertical rise since the 90s.

However extensive growth & development has also pressurized infrastructure & resources and made property prices soar high in key parts of the city. This has necessitated alternative growth corridors. As a part of Master Plan 2031, authorities in NCR are now focusing on a new region across Dwarka Expressway or the North Peripheral Road.

“The 29 Km long road, which connects Shivmurti in Delhi to Kherki Dhaula in Gurgaon is nearly complete and set to be fully operational soon. In our opinion, the future of Gurgaon real estate will be around the Dwarka Expressway region, which is also called the new Gurgaon.” Quoted Mr. Ankit Kansal, Founder and MD, 360 Realtors.

Amidst the shift in Gurgaon’s real estate, Sec 91 which is close to Dwarka Expressway and is adjacent to the industrial corridor in Manesar, is featuring high on the radar of real estate developers, investors, and buyers. The micro-market is an emerging & continuously transforming housing and commercial destination nestled in New Gurgaon.

To throw more light on the market trends, 360 Realtors has conducted an in-depth analysis, which highlights the various catalysts fuelling the strong interest in this region. This report delves into how rapidly developing social infrastructure, smooth connectivity to employment hubs in Gurugram, and the concentration of major auto manufacturers (in Manesar) are major draws from both commercial & residential perspectives. Its proximity to the Dwarka Expressway will also help in registering robust future growth.

Another added advantage of Sec 91 is plenty of greeneries and open spaces. The famous Sultanpur Bird’s sanctuary is also at an approachable distance. With the demand for a serene lifestyle & amenities-rich accommodations growing consistently, the volume of buyers seeking to escape the conundrums of daily life is expected to rise proportionately in the region.

“Presently the residential prices are slightly more than INR 4,700/ Sq ft, jumping by 2.4% quarterly. As the micro-market is still an emerging destination, the rental rates are also affordable. A 3 BHK can be rented out for around INR 16,000/ month, as per our research” Further added Mr. Kansal.

Coming to the aspect of commercial activities, it is a no-brainer that the region offers plenty of opportunities. With low leasing rates, rapidly developing infrastructure, convenient connectivity in the area, and proximity to the airport; notable companies in the IT/ITeS, financial, BPO & consultancy circuits are swinging to this area. Average commercial lease rates are roughly INR 39.5/ Sq ft. Warehouses are available in the range of INR 6.9- 7.2/ Sq ft.

Additionally, Sec 91 is also a thriving retail destination. In the vicinity, there are 4- and 5-star hotels, malls (Sapphire Mall 89, 90, 92, Vatika Townsquare mall, etc.), high street retails, etc. Soon Gallexie-91, an iconic retail address developed by Manish Buildwell in partnership with Axon developers will also be operational. Conceived with a focus on the need for revamped spaces with abundant natural light & air, this project is designed to alleviate concerns of overcrowding & chokepoints to address the challenges that the pandemic still poses.

With the presence of more than 40000 residents in the region & the prospects of an increase in this number, Gallexie91 serves as a hub that will cater to the needs of both visitors & residents in nearby areas.  

Investments in Sec-91 will also be backed by affordable rates. Avg. retail rentals in Sec 91 is 93.9/ Sq ft and is lower than other prominent micro-markets such as Cyber Hub, Golf Course Road, Golf Course Extension, etc. Heightened potential coupled with affordable rates will continue to attract investors.