One of the major residential and commercial hubs of NCR, Gurgaon or Gurugram has always seen a robust property market. Leading IT companies, MNCs and presence of premium luxury residential apartments, villas and independent homes make this NCR region more popular amongst home buyers as well as investors.
In recent years, many new localities have emerged in Gurugram that has further pushed the residential realty market of the Millennium City. Moreover, the older and well-established localities like Sushant Lok, DLF Phases 1, 2, 3, and South City 1 and 2 are also not far behind. So, when it comes to up-class buyers, they still prefer to invest or purchase a home in these localities.
However, some of these established areas are lacking in efficient civic infrastructure which is straightly affecting their property prices. But, after repeated complaints by the residents, the Municipal Corporation of Gurgaon (MCG) has stepped in to resolve the multiple complaints that include waterlogging, frequent power cuts, potholes, etc.
For instance, residents of Sushant Lok-1 have been facing the issues of water supply and limited street lights for many months. Due to this, the property price that remained on high last years has slumped this year.
In the same manner, sector-30, Gurgaon which is another plush area, have been facing issues of waterlogging, bad condition of sewage lines and frequent power cuts from past many months. In the wake of this, MCG has now started laying down of new sewer pipelines in the area. Two new Sewage Treatment Plants (STPs) have also been installed in the locality. Expert thinks that such initiatives from MCG will improve the property prices which have gone down in recent time.
Residents of another posh area, South City-1 are also facing the same issues since ages. Frequent power cuts, bad condition of roads, potholes and waterlogging are some of the prominent issues in the area. However, the MCG has fixed the problem of waterlogging to much extent by filling up the potholes. They are still working on the issue of power cuts that is due to insufficient number of transformers in the locality, adds a resident.
With all such initiatives by the MCG and Department of Town and Country Planning (DTCP), developers and property owners are assured that the realty market of these areas will once again boom and come back on the same track in coming months.