|The Gurgaon Master Plan 2031 is now out. Some of the SEZ designated zone land has been converted to 7 new residential/commercial sectors. Some of the mysterious changes in 2031 plan are - increase in the size of sector 37-D, allotting the whole land piece in between GadoliKhurd& old sector-37 D to builder Ramprastha. However,the change of land use from SEZ to residential/commercial sectors will allow more residential space in the new sectors creating a high density residential cluster in Gurgaon, which will make it the residential core of Gurgaon.
The changes from theMasterplan 2025 as seen on Masterplan 2031 comprises of land on the northern side of Pataudi Road being converted into residential and commercial zones as well. New sectors — 95A, 95B, 89A, 89B, 88A, 88B and 99A — have been proposed in this area covering villages like Wazirpur, Hayatpur, Mohammedpur, GarouliKhurd, GarouliKalan and Harsaru. Interestingly, villagers from these areas claim that a lot of Real Estate developers have already purchased land from them.
Similarly, Master Plan 2025 proposed a Transport Nagar spread across 28 hectares in Sector 33. This was to be developed by HUDA. A container depot had also been proposed adjoining Delhi-Rewari railway line. A Mass Rapid Transit System Corridor (MRTSC) along the NPR was proposed. Another MRTSC was proposed along Mehrauli road to extending up to the proposed 90-metre link road with Delhi via Gwalpahari.
But now the latest plan has approximately 50 hectares reserved for wholesale markets of building material, grain and vegetable market in Sector 99-A, on the northern side of railway line along newly proposed 75 metre-wide road. Also, a nearby area of 40 hectares has been reserved for idle parking where heavy vehicles can be parked.
The changes in the master plans between 2025 and 2031 look substantial only on paper as emphasis has been put on developing the infrastructure to keep pace with the explosive growth of the city. This is good as it would be a step towards meeting the demand for housing in the Delhi NCR. However, what needs to be seen is that what would be the costs of the FSI and what would be the landed costs to the developers and eventually the cost to the end user. What needs to be understood is that the demand still lies in housing for young people who can afford between 50 lakhs to 1 cr, based on what they can borrow and what they earn. The impact on prices would be required to be seen.
Ray White Gurgaon is a part of Australasia’s largest real estate group with over 1300 offices worldwide and are experts in the property market in Gurgaon and you may feel free to contact them on 0124-4078801 or email firstname.lastname@example.org or visit us at www.raywhitegurgaon.com to see the latest listings in Gurgaon.