In the recent times, real estate market sentiments in Delhi- NCR region has not been very upbeat due to large inventory overhang. However, there are certain micro markets that have been defying the prevailing norms by reflecting impressive growth numbers.
One such market is Golf Course Extension (GCX), located between Sohna & Golf Course Road. It commences from MG Road & stretches till sector 55 & 56. With an average capital appreciation of around 7%, GCX is considered among one of the very sought after real estate markets in the Delhi- NCR.
The micro market epitomizes an ideal blend of calibrated residential, commercial & infrastructure growth in the recent past.
Superb Infrastructure
One of the USPs of the GCX has been its superb connectivity to other parts of Gurgaon & Delhi-NCR. Through the GCX road, it is smoothly connected to other parts of Gurgaon. The road is also connected to Delhi-Gurgaon Expressway via Sohna road, thereby ensuring smooth commute to the national capital. GCX is also connected to the metro network through rapid metro.
Upcoming Commercial Space
A large volume of commercial space has entered into GCX that includes, Global Business Foyer, Paras Twin Tower, Suncity Business Park, Ninex Time Tower, Spaze Business Park, Universal Business Park & much more. Recently in 2016, Trump development has inked a deal with IREO developers to construct a commercial tower in GCX. Once completed, industry insiders believe that it will be one of the most sought after commercial spaces in North India.
Various other projects including Unitech Business Zone, Splendor Epitome, Imperia Orange & Byron are expected to be operational in the times to come in GCX.
Impressive Price Appreciation
Amidst subdued sentiments, prices have appreciated significantly in GCX on the back heightened demand. On an average, price have appreciated by 7% on a Year on Year (Y-o-Y) basis. It is expected that in the times to come with completion of more number of commercial space, the labor market in GCX will ramp up, that will further boost the demand, there by translating into higher capital value appreciation.
