20 Year Expansion Boost New Sectors in Gurgaon After 20 Years HSVC to Launch | HSVP Set to Unlock New Sectors in Gurgaon After Two Decades : Over the past 20 years, Gurgaon has been growing at a rapid pace and is currently one of India’s major business and living destinations. That said, deliberate expansion of urban settlements by government departments was few and far between in that time. In a significant development, the Haryana Shahari Vikas Pradhikaran (HSVP) has announced an urban expansion plan for new sectors in Gurgaon after nearly two decades. This development is expected to change the face of Gurgaon, usher in new residential & commercial real estate projects along with improved infrastructure and new opportunities for home buyers, investors & developers.
Urban Expansion Plan of Khasra Land under HSVP
Haryana State Urban Development Authority (HSVP) has formulated a long term plan for the urban sprawl of the state, with most attention given to Gurgaon and its adjoining areas. Under this plan:
Phase-wise, 1.8 lakh acres of land will be acquired in the state
Of this, about 23000–24000 acres of land will be purchased in Gurgaon and adjoining areas
New residential, commercial and institutional sectors will be developed
It will be built over several stages as demand and land availability allows.
Once built, this would be Gurgaon’s first major government led sector level development initiative since the nit was created in early 2000s.
Why This Expansion Was Needed
Rapid Urban Growth
The emergence of IT firms, MNCs and corporate hubs in Gurgaon has helped the population and job opportunities to grow massively. That has created a need for — housing and commercial space.
Limited Land in Existing Sectors
The central and prime areas of Golf course road, Sohna road and older sectors have already been developed. Land needed for future development
Pressure on Infrastructure
Unplanned growth, and development in private domains in some areas, have put pressure on roads, water supply and civic services. Such balanced urban growth would be facilitated by government planned sectors.
Demand for Affordable and Mid Segment Housing
As property prices in central hub areas continue to increase, new sectors will open up for affordable and mid-range housing.
New Sectors: Where will they Come Up?
The company will look at emerging-growth corridors around Gurgaon where large land parcels are available and infrastructure is already being developed.
Expected focus areas include:
Dwarka Expressway Region
This corridor has already seen the emergence of real estate hot spots as a result of better connectivity to Delhi and IGI Airport.
Southern Peripheral Road (SPR)
The SPR links major residential and commercial areas, which are slated for significant development in the coming years.
New Gurgaon (NH-8 Belt)
The Areas in the vicinity of NH-8 & Manesar are well connected and have high potential for residential and industrial development.
Pataudi Road and Farukhnagar Area
Such areas provide large scale land available and will be future affordable and mid income housing zones.
Land Acquisition Strategy
In order to facilitate quicker and seamless development, HSVP will adopt a flexible land acquisition model:
Direct purchase from willing landowners
Consent based acquisition agreements
Phased Land Procurement based on Planning needs
It is hoped that this method will decrease disputes, accelerate development and incentivize landowner involvement.
What Infrastructure Will Be Developed?
HSVP developed sector are well known for planned infrastructure. The new sectors would likely include:
Schools, health facilities and community centers
Business areas and local markets.
Proper planning at the initial stage allows you to better enjoy the lifestyle over time and also increases property value.
Impact on Gurgaon Real Estate Sector
Greater New Projects Supply.
New land will be made available to developers and new residential and commercial developments will emerge.
Opportunities in early investment.
Usually as new industries emerge, they start off at a lower price thus in the long run early investors are better ride in terms of appreciation.
Good planning at the initial stage determines long term living and property value.
Gurgaon Real Estate Market Impact
Increased Supply of New Projects
New land parcels will be opened to developers, driving new residential and commercial launches.
Early Investment Opportunities
As with most new sectors, they tend to open at lower prices which gives forward looking investors a chance of making long-term gains.
Price Growth in Emerging Corridors
As infrastructure develops and demand increases, housing prices in these areas are expected to go up..
Balanced Urban Development
This expansion will help decongest central Gurgaon, and evenly distribute the population.
Benefits for Homebuyers
Purchasing Early Stage Prices For the Property
Availability of planned infrastructure and better civic amenities
Future appreciation potential
Fields With Less Congestion vs the Older Ones
More options across budget segments
However, before investing one should check project approvals, RERA registration and connectivity.
Opportunities for Investors
All of this expansion creates excellent long term potential for investors:
Early access in newer areas, and lower price points
High capital appreciation over time
Rental demand as employment centers grow
Infrastructure and connectivity led growth
Investment hot spots will remain Dwarka Expressway, SPR and New Gurgaon.
The importance of infrastructure projects as a key to support growth
Emerging sectors will also be crucially determined by projects related to existing and future infrastructure, including:
Completion of Dwarka Expressway
Road widening and new flyovers
Proposed metro expansion
Commercial and business districts development
Industrial expansion near Manesar
Those developments will impact demand and property prices directly.
Challenges and Points to Consider
And the expansion is certainly progress, but buyers and investors should consider the following:
In the early stages, development can be slow
Social infrastructure may take several years to start functioning
Prices can escalate rapidly once demand picks up
Should be viewed as a long term investment
Future Outlook for Gurgaon
The new sectors that were developed as part of this plan are projected to serve as the next booms of residential and commercial development in the coming 5–10 years.
The HSVP expansion shows that the government has tremendous dedication towards planned city development. With the availability of so many jobs, the infrastructure coming up at a rapid pace with influx of big industries in Gurgaon, it will forever remain one of India’s most appealing real estate market.
This new sectors will be the next growth centres for residential and commercial development over the following 5–10 years under this plan.
Conclusion
With the introduction of new sectors in Gurgaon, after 20 years, HSVP has reached a major milestone in urbanization as far as Gurgaon is concerned. This expansion shall provide further opportunities to homebuyers, investors and developers for large scale land acquisitions with infrastructure planning along with targeting new corridors.
If you are thinking of investing or purchasing in these sectors in Gurgaon, it is worth keeping an eye on some of the upcoming sectors. These areas will emerge as the next big real estate hub of the region due to better infrastructure and increasing demand.
Frequently Asked Questions
Q1. How much area?
HSVPDurgapur/21360.59 ha67482.41 acresGurgaonHaryana11109.23 ha41234.45 acres5 пустых строкMore SpaceThere are no more running out in space at all.
The Gurgaon and surrounding area will acquire around 23,000-24,000 acres.
Q2. HSVP has introduced new sectors after 20 years
To control over population growth, reduce the burden on infrastructure and planned urbanization.
Q3. Which is the region of greatest importance to be served by this expansion?
Dwarka expressway, SPR, New Gurgaon, manesar belt and pataudi-farukhnagar
Q4. Should you Cage a Real-estate Investment In Gurgaon?
Yes, there is a great deal of long term appreciation potential in investing early in emerging sectors.
Q5. Do these areas mean an increase in property prices?
Prices would be high because the infrastructure is under construction and demand grows.
