Sushant Lok I

 

Sushant Lok-I in Gurgaon is an upscale locality with all the trappings of modern life within easy reach. There are reputed hospitals like Fortis Memorial Research Institute and Paras situated nearby. Well-known schools like Ryan International School and Delhi Public School are also located close to the locality.

 

The area is located almost 15 km away from Qutub Minar and about 35 km from Red Fort. It’s also located near three major roads namely MG Road, NH-8, and Golf Course Road.

 

Connectivity and Transit Points

 

The Yellow Line of Delhi Metro, which is the second longest in the Delhi Metro Network, has a station near Sushant Lok. The HUDA City Center Metro Station is less than 3 km away from Sushant Lok-I. This makes the locality a very well connected one, with hassle-free access by metro to a lot of areas in Gurgaon and even extending all the way to New Delhi.

 

NH-8 runs all the way from Delhi to Mumbai, and is said to be the busiest highway in India. This superhighway includes the Delhi-Gurgaon Expressway, which makes commuting to most places along the way a breeze. This highway is located less than 5 km from Sushant Lok-I, and is the main road that connects the locality to the rest of India.

 

Besides the NH-8, Sushant Lok-I also has other important and well-connected roads nearby, like MG Road, Golf Course Road, and Gurgaon-Faridabad Road.

 

Public transit in and around the locality takes the form of the Delhi Metro, public buses, auto-rickshaws, and taxis. The Rapid Metro Rail, which services some parts of Gurgaon is scheduled to be extended in the future to include Sushant Lok-I in its route.

 

Basai Dhankot Railway Station is around 15 km away, and Indira Gandhi International Airport is a mere 17 km away.

 

Major Landmarks

 

●     Paras Hospitals

●     Fortis Memorial Research Institute

●     Shalom Hills International School

●     Gold Souk Mall

 

Factors for Growth in the Past

 

Sushant Lok-I has been serving as a base camp for professionals working in the Gurgaon area. It provides all the amenities that a family would need, while also ensuring relatively easy access to most major business and industrial centers.

 

In the 1970s, Maruti Suzuki set up a manufacturing plant in Gurgaon, kickstarting its economy and ushering in an age of growth. The city turned into a hotbed of corporate activity, with many major companies setting up shop here. This caused an increase in population, which in turn led to an increase in infrastructure, which enabled a better lifestyle for the residents of Sushant Lok-I.

 

Residential and Commercial Market

 

Residential Market Trends

 

A majority of the residential real estate in Sushant Lok-I comprises independent houses. This is followed by flats, builder floors and then layouts and plots. In the April-June quarter of 2014, average property prices in Sushant Lok-I stood at Rs 10,350 per sq. ft.[1]

 

The sheer number of residents in Sushant Lok-I makes this area very lucrative for commercial space. Purchasing price for commercial spaces in this locality can vary between Rs 2,000 per sq. ft. to Rs 30,000 per sq. ft. depending on the location. Rental prices for commercial spaces here can be anywhere from Rs 50 per sq. ft. to Rs 200 per sq. ft. These rates are subject to exact location and the type of place it is.

 

Major Challenges

 

Residents of Sushant Lok-I have complained in the past about poor maintenance of their locality. There are many parks that are left to grow wild because of lack of maintenance workers. Irate residents protested rising maintenance charges in spite of the infrastructure not being up to the mark.

 

Electricity and water are also a problem here because of a combination of poor infrastructure and shoddy maintenance.

 

The number of accidents in the area have also been on the rise, because of lack of infrastructure as far as pedestrians and cyclists are concerned. Decent pavements and zebra crossings are all but non-existent. Motorists regularly break traffic laws with impunity and ignore road safety regulations, like seatbelts and helmets. A lack of police personnel exacerbates this problem.

 

Construction might pose a problem in some parts of Sushant Lok-I, since there are a few projects in progress.

 

Factors for Growth in the Future

 

There are many major companies surrounding Sushant Lok-I, and this number is expected to keep going up. Existing corporations are also growing. AMD Industries, Dell, HCL, Wipro, Maruti Suzuki, Hero MotoCorp, Deloitte & Touche are just some of the major players that have units here. This projected growth will likely translate to more people moving to Sushant Lok-I, favouring it for its good connectivity and high standard of living.

 

The planned Rapid MetroRail expansion will increase the value of this locality even further as connectivity becomes enhanced.