Sector 106: Affordable Homes attracting buyers

Sector 106: Affordable Homes attracting buyers
Mr. Vikas Garg_Deputy Managing Director_MRG World

National| After the clarity on completion, properties in various sectors around Dwarka Expressway are selling like hotcakes. The expressway is catering to all housing segments, and affordable housing is among the most in-demand housing here. Sector 106 on Dwarka Expressway mostly has under-construction projects by prominent developers. The maximum availability in the sector is of 3 BHK units which comprise around 55% of all the available units; 2 BHK and 4 BHK comprise 21% and 14%, respectively.

Surrounded by Sector 103, 105, 109 and Babupur Village, Sector 106 is in progress, with retail and social infra being available in Sector 3, 4, 5, 7 and 9 that are around 5 km away from Sector 106. Daulatabad Main Road, Old New Delhi Gurgaon Road, Carterpuri Road, Old Railway Road, and Dwarka Expressway are key roadways connecting the sector to significant neighborhoods in Gurugram. Railway Station is around 10 minutes away, and the Indira Gandhi International Airport is 20 kilometres away. Once the Dwarka Expressway is completely operational, which is expected this year, connectivity with New Delhi will improve. Schools and hospitals are within 5-10 km radius. Several prominent corporate buildings and offices in Udyog Vihar and Cyber City are within 10-15 km of the sector.

Around 35% of the residential units here fall under Rs 80 lakh to Rs 1 crore bracket, 12% under Rs 1.8 cr to Rs 2 crore, and only 8% units are in Rs 40 lakh to Rs 60 lakh. More than 80% of the properties here are apartments, the sector has 8% of commercial, and 5% are studio apartments.

“Affordable housing is in high demand throughout India, and the limited stock of affordable housing is being snapped up quickly here. The sector’s connectivity, and its location on the Dwarka Expressway, close to Delhi, contribute to the attractiveness of affordable housing. Post-COVID, people do not want to spend money on rent and prefer to invest in real estate assets that can provide financial security in the long run,” says Vikas Garg, Deputy MD, MRG World.

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