Ashok Vihar Phase 3, Gurgaon

ashok vihar phase iii is one of the fastest developing locations situated opposite palam vihar in the heart of Gurgaon. it is also well connected with dwarka expressway. some of the neighbouring locations of this locality are palam vihar extension, gurgaon rural and sarai allwardi. godrej habitat, godrej meridien and lotus homz are some of the prestigious residential projects set up in the locality.

the median price range of ashok vihar phase iii is between 2,000 - 63,063 / sqft. on average. around 55% of the residential settlements on sale lies in the range of 20 lacs - 50 lacs, while the rest lies in the range of 60 lacs - 1 crore. similarly, 56% of the rental properties lie in the range of 8,000 - 15,000 while the rest lies in between 20,000 - 35,000. 2 bhk is the most common house configuration in this locality and accounts for most sales and rents.

key highlights :

• employment hubs are located nearby. pacific international packers and movers, height fibre glass company, axis packaging industries are some of the industrial centres established in the locality.
• this locality has a price range of housing settlements that are fit for middle-class families.
• commercial office spaces are mainly available.

whats great? :

• this locality is only 8km away from Kadipur Industrial Area, consisting of sagar frp industries, rama krishna industries, l r auto industries, etc.
• abundant greenery
• excellent connectivity through roads, rail and metro. 

whats not great? :

• lack of recreational facilities.
• rising levels of pollution.
• street lights do not work most of the time.

Watch out for? :

• well equipped and multi-speciality hospitals and health care centres are located at a nearby distance within the locality.
• various new physical and social infrastructure coupled with developmental plans have paved their way into this sector.

property rising factor :

• short term -
• offer of possession in newly developed projects
• metro station and railway station are located nearby.

• long term -
• proximity to social amenities. everything is located at a nearby distance.
• rising employment opportunities

other highlights :

• social infrastructure -
• ashok vihar phase iii in gurgaon supports a smartly established network of roads connectivity. the liveability index of this locality is relatively high. various shopping malls, educational institutions, and recreational centres are located at a shorter distance within the locality.

• shopping complexes & markets -
• grocery baba 
• phool singh kataria market
• vegetable market

• health care centres -
• jivan jyoti hospital ( 3 km )
• sheetla hospital ( 4 km )
• shanti hospital ( 350 m )

• connectivity and public transport -
• carterpuri road, rezang la marg, gaushala road and the gurugram-bajghera nazafgarh road are the heart of the locality, ensuring maximum connectivity.
• the m g road metro station (yellow line) is 9km away via the mehrauli-gurgaon road. 
• gurugram railway station (2 km)
• the indira gandhi international airport ( 16km ) 

• schools, banks and fitness centres -
• schools :
• childrens paradise school
• scr public school
• sanskar play school
• blossoms primary school
• gems international school

• banks & atm :
• banks
• icici bank  
• indusind bank  
• union bank of india
• punjab sind bank 

• atms 
• axis bank atm  
• kotak mahindra bank atm  
• indusind bank atm  

• fitness centres :
• the bodyline gym
• ista fitness- gym
• metroflex gym

• popular landmarks near locality

• museum of folk and tribal art
• leisure valley park
• shiv park, huda park, kids play park are some of the parks nearby.

micro market analysis :

• capital and rental trends -
• the capital trend analysis shows that ashok vihar phase iii has been following a steady increasing graph with a spike of around 12% in the property prices. the hike is supposed to be caused by the new developmental residential colonies been constructed.
• a well-furnished 2 bhk apartment in this locality would cost around 18 lacs - 77 lacs, whereas a 3 bhk apartment would cost around 27 lacs - 78 lacs.
• a 2 bhk apartment on rent would come under the price bracket of around 6,000 - 18,000, whereas a 1 bhk apartment would be around 3,500 - 12,000.

• scope of growth -
• proximity to the nearby localities with the excellent road connecting and easy access to excellent facilities are the main critical factors for the residential growth.

• investment opportunities -
• 2 bhk is the most common house configuration in this locality. both buying and selling is a profitable option for investors and buyers at the moment. the prices are expected to increase soon, potentially attracting buyers and increasing the returns on their investment.