The Golf Course Road, Gurgaon has been catering to the demand for premium residential properties as it is a prime residential area. This road does not witness the congestion of MG Road, where most of the malls are located. Till date, the road has been well maintained and is much wider as compared to other roads in Gurgaon. Prominent national level developers like DLF, Emaar MGF and Parsvnath have launched their projects on this stretch. The average price that prevails on this stretch is Rs 5,000 per sq ft for normal residential apartments. A 4BHK luxurious apartment of approximately 2,600 sq ft commands a price tag in the range of Rs 5,500-6,000 per sq ft. Luxurious apartments, approximately 10,000 sq ft to 12,500 sq ft in size, cost Rs 12,000-13,000 per sq ft. As Vitul Sharma, of Shri Ganapati Properties, says, “I have not seen the prices of properties dipping even during the global economic slowdown. However, the number of transactions had dropped. Most of the sellers decided to hold back their properties during the lull period taking a wait-andwatch attitude. But with the correction in prices and values picking up slowly and steadily, the ratio of the number of enquiries to real transactions is fast improving.”.
Gurgaon Sectors 27-28, 42-43 and 53-56 are essentially HUDA (Haryana Urban Development Authority) sectors. In Sectors 54-56 most of the plots have been handed over to the societies. Essentially, each society has one acre of land. This is demarcated into plots of sizes 1,250-2,825 sq ft. The price range varies from Rs 55 lakh to one crore. CGHS (Cooperative Group Housing Societies) apartments are available in Sectors 27, 28 and 53. A 3BHK apartment of 3,000 sq ft costs approximately Rs 1 crore.
Residential Projects on Golf Course Road
One of the many residential options in the Golf Course Road is Gesco Mahindra’s Central Park. This has semiluxurious apartments. A 3BHK plus servant room costs approximately Rs 7,200 per sq ft. These apartments have an exotic view of the Golf Course. Another project, by the DLF Group – The Blaire – also has luxurious apartments. Current market price of a 4BHK apartment of around 3,000 sq ft is approximately Rs 6,500 per sq ft.
The DLF Group is also coming up with another project, Park Place, which also has semi-luxury apartments. Options are available for 3 and 4BHK apartments with a carpet area of approximately 3,000 sq ft. Current market price of these apartments is around Rs 4,500 per sq ft.
The Golf Link Apartments belong to the CGHS category. A 4BHK apartment of approximately 2,000 sq ft is available in the secondary market for approximately Rs 70 lakh. At Princeton Estates, investors can choose from a number of options, claims Atul Sharma. A 2BHK of around 927 sq ft is priced at Rs 53-54 lakh; a 2+1BHK is available at Rs 60 lakh; A 3BHK apartment of approximately 1,346-1,410 sq ft is priced at Rs 72-78 lakh and a 4BHK apartment of 1,810 sq ft is available for Rs 85-90 lakh.
Although the Golf Course Road area is also home to a large number of offices, residents claim that it is not very noisy. The entire stretch of the Golf Course Road is well connected with arterial roads such as MG Road and National Highwary-8 (NH-8). It has bus as well as auto services from these arterial roads. The commuting problem for domestic helps for the residents staying nearby has largely been solved due to this. Galleria – a shopping arcade – is a popular joint for Gurgaon residents to hang out in the evenings. Although there are regular power cuts, the problem has been taken care of by the private developers, as most of these apartments have 24-hour water and power backup. One just needs to stop by at the Golf Course Road and check out the options available for their sweet home.