Busting Myths About Investing in Gurgaon's Peripheral Areas
Gurgaon has grown into one of India’s busiest and most developed cities. But as the main areas get crowded and expensive, people are now looking at the outskirts or peripheral areas for investment. These areas, located a little away from the main city, are creating a lot of buzz in the real estate market.
However, many myths and misconceptions stop people from exploring the potential of these places. Let’s break down these myths and understand why Gurgaon's peripheral areas might be worth considering for your next investment.
Myth 1: Peripheral areas are too far from the city
One common myth is that investing in the outskirts means living too far from Gurgaon's action. But the reality is that with new roads, highways, and metro lines, traveling to and from these areas is becoming much easier.
For instance, areas near Dwarka Expressway, Sohna Road, and New Gurgaon have excellent connectivity to the main city. The Southern Peripheral Road (SPR) and Kundli-Manesar-Palwal (KMP) Expressway have made commuting faster than ever. You can enjoy peaceful living without being completely disconnected from the city.
Myth 2: Infrastructure is poor in these areas
Another belief is that the outskirts of Gurgaon lack basic infrastructure like roads, schools, and hospitals. While this might have been true a few years ago, things have changed significantly.
Many peripheral areas now have world-class schools, healthcare centers, and shopping malls. For example, New Gurgaon has several top schools like GD Goenka and DPS, along with modern hospitals and commercial hubs. Developers are also building townships with all amenities inside, so you don’t have to step out often.
Myth 3: Property prices won’t increase here
People often think that investing in peripheral areas isn’t profitable because property prices won’t rise much. However, history shows that areas with good connectivity and planned development tend to appreciate in value over time.
Take Dwarka Expressway as an example. When development began, prices were low because the area was under construction. But as the expressway neared completion and more projects came up, prices saw a steady rise. Investing early in such areas can give you great returns in the long run.
Myth 4: There are no job opportunities nearby
Many people hesitate to invest in peripheral areas because they believe these places lack employment options. However, with Gurgaon’s rapid expansion, job hubs are spreading out to new locations.
Areas like Manesar, Sohna, and New Gurgaon are seeing the rise of IT parks, industrial hubs, and commercial spaces. This shift means that jobs are no longer concentrated in Cyber City or Golf Course Road, making peripheral areas a practical option for professionals.
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Myth 5: Rental income is low in peripheral areas
Another myth is that properties in these areas won’t attract tenants or fetch good rent. But as more people move to Gurgaon for work, the demand for affordable rental housing is increasing.
Peripheral areas offer modern homes at lower rents compared to central Gurgaon, making them popular among young professionals and families. If your property is located in a well-connected and developing area, finding tenants won’t be a problem.
Myth 6: Living standards are lower in outskirts
Some people believe that living in Gurgaon's peripheral areas means compromising on lifestyle. However, the opposite is true for many locations.
Developers are building premium housing projects in these areas with features like swimming pools, gyms, clubhouses, and landscaped gardens. You can enjoy a high standard of living without paying the premium prices of central Gurgaon properties.
Why You Should Consider Peripheral Areas
Affordability: Properties in the outskirts are much more affordable than those in central Gurgaon. This makes them a great choice for first-time homebuyers and investors with a limited budget.
Future Growth: These areas are the future of Gurgaon’s expansion. Early investments can give you better returns as infrastructure improves and more people move in.
Calmer Environment: Peripheral areas offer a quieter and more peaceful lifestyle compared to the busy main city. It’s a great option if you want to escape the hustle but stay connected.
Conclusion
Investing in Gurgaon's peripheral areas isn’t a risky gamble as many myths suggest. In fact, these areas are full of potential for smart investors who can look beyond the misconceptions. With improving infrastructure, rising job opportunities, and affordable housing options, the outskirts of Gurgaon are becoming the new favorite for homebuyers and investors alike.
So, whether you’re looking for a home or planning to invest, don’t overlook the possibilities in Gurgaon's peripheral areas. Sometimes, stepping a little outside the box (or in this case, the city) can lead to big rewards!
Still unsure? Realty Smartz is here to help you explore the best investment options in Gurgaon's developing areas. Connect with us today for expert advice!