Gurugram: Ever since the potential of Golf Course Road was realised, private realtors and public agencies left no stone unturned to turn it into one of the most prime real estate centres of Gurugram as well as the country.
Over the years, a world class 18-hole golf course, condominium societies, private and public residential co-operative societies, as well as commercial offices have come up in this posh locale.
In the process, Golf Course Road has proved to be a profitable investment venture for developers and consumers.
Now, following a brief lull, investors are returning to Gurugram and a host of commercial units have sprung up over the last year on the service lanes of Golf Course Road, to cash in on the massive traffic of commuters who pass through the road daily.
The popularity of this is most palpable in areas such as Block A extension, Phase-5 roundabout, and sectors 54 and 56.
Private builders have also started constructing builder floors, as the new floor area ratio (FAR) norms introduced by Haryana government permits builders to construct four floors as compared to the earlier three.
Moreover, some residents of Golf Course Road are now selling their property to builders and moving to quieter places.
"Living in and around the Golf Couse Road has now become more commercial than residential. It has become similar to Vasant Vihar by-lane adjoining the busy Ring Road area. No wonder there are some people who want to profit from it, while some are moving away to the area that is quieter and more peaceful," said Amandeep Singh, a resident of A block, Phase-1.
Besides builder floors, commercial units have also proliferated in the area, which are becoming popular despite the presence of various malls in the area.
This has also added to the challenge of illegal parking in the Golf Couse Road area.