Suncity property market: An overview

[ecis2016.org] Suncity is a locality in Gurgaon, in the state of Haryana. This region is presently witnessing a boom in its real estate market

Suncity is going through a swift development in infrastructure and residential projects due to rapid urbanisation. This locality lies in close proximity to the Golf Course Extension Road, which, in turn, provides excellent connectivity avenues for the residents. This stretch of road is home to many luxurious residential and commercial projects and is a major contributor towards the growth of Gurgaon real estate. There are some reputed schools, colleges and universities in the vicinity making this locality an ideal place to reside. This has resulted in an increase in prices of the Suncity real estate.

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The area is well-connected by important railway stations and close to the international airport. Many educational institutions, hospitals, banks, hotels, restaurants and public parks make the area a major investment site.

Suncity Projects Pvt Ltd is among the leading builders in Suncity area with the reputation of adopting innovative technologies to develop projects. Therefore, there is an easy availability of 2 and 3-BHK flats in the area.

Connectivity with nearby Suncity localities

• The area is connected with the posh south Delhi area via the Gurgaon-Faridabad Expressway.
• Easy access to National Highway 8 further accentuates the strong connectivity of the place.
• Indira Gandhi International Airport is only 15 kilometres away from the area.
• Faridabad is a major railway station, located only 29 kilometres away from Suncity and connects the area to maximum number of important stations in the country.
• The nearest metro railway station is Sikandarpur metro station which is only 6 kilometres from the area.

Employment hubs near Suncity

Several corporate offices are located here, which indicates the ample opportunity for employment and business in the area.

Read also : All you need to know about the National Housing Bank (NHB)

Schools in Suncity and other social amenities

Reputed schools in Suncity include Suncity School and EuroKids. Some well-known colleges in Suncity are IILM Institute for Business & Management and ABT International College. Leading hospitals in Suncity include HCL Avitas Clinic and Alchemist Hospital. Diverse entertainment and leisure activities are present all across the area which make everyday living a pleasure.

Read also : All you need to know about the National Housing Bank (NHB)

Physical infrastructure in Suncity

At least 15 projects have been planned here, including the expansion of the Golf Course Road to make it a 16-lane expressway.

Read also : All you need to know about the National Housing Bank (NHB)

Price trends in Suncity

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Current property rates and price trends in Suncity are Rs 11,255 to 15,437 per sq ft.

Reasons to invest in Suncity

Considering the price trends in Suncity and the rising demand, the area should prove to be a good investment. Good connectivity and comparatively reasonable property prices, are the factors behind the area’s growth. Initially, one can invest a small amount of money in a residential property in this area and expect higher returns at the time of resale.

The most prominent disadvantage of the area is the lack of safety and security, especially for women. However, with good connectivity and the upcoming developments, Suncity is becoming one of the best investment destinations in the city.

Check properties in Suncity

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Source: https://ecis2016.org
Category: Lifestyle