Sector 29: An Upcoming Node In Gurgaon
Gurgaon is a premium real estate destination, replete with bustling business centres, plush high-rise offices, high-end housing projects and ample entertainment options. Despite the higher cost of living, this part of the National Capital Region has always found favour with the investor community. The launch of the Metro services in some localities has also influenced real estate development in Gurgaon.
Sector 29 is an important landmark in this NCR city and is primarily a commercial belt. The area is witnessing significant activities in terms of infrastructural development.
PropGuide identifies the major growth drivers for this micro-market in Gurgaon.
Developing infrastructure in Sector 29, Gurgaon
Following complaints from residents about the lack of proper public transport, the Haryana Transport Department has started bus services to several localities linking HUDA City Centre Metro Station. This initiative will benefit commuters from different localities like Sector 81, 82, 83 and 91, Sector 46 Crossing, Cyber Park, Sector 31 Crossing, as well as Sector 29.
The Haryana Urban Development Authority has decided to install smart parking facility in the neighbourhood. Proposed to be set on a pilot basis, this system is expected to curtail traffic congestion and ease movement of vehicles. It will include a display board with real-time information on parking space.
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Phase-II of the Rapid Metro was launched recently. New stations will be opened in the vicinity, at Sector 42-43 and Sector 53-54, which will improve connectivity to Sector 29 as well.
Social amenities in Sector 29, Gurgaon
This locality offers modern entertainment options like nightclubs, malls, multiplexes, amusement parks, luxury hotels, etc. Kingdom of Dreams, which is India's first centre for live entertainment, theatre and leisure, is also situated in this locality.
The area is also a preferred hub for food lovers as it houses several restaurants and popular food outlets such as Mc Donalds, Pind Balluchi, Bikanerwala, Mainland China, to name a few. One can even explore various street food stalls located in and around the area.
Investment options near Sector 29 Gurgaon
Primarily a commercial destination, Sector 29 is home to several corporate and commercial properties. There have not been any new launches of residential properties in this neighbourhood. However, neighbouring localities like Sector 28 and Sector 30, are ideal residential hubs which are equipped with sound infrastructure like schools and hospitals.