How do the Prices move in Naugaon Farms?

Price Movement in Naugaon

Naugaon is the only area in NCR which is coming up as a destination for Gated Farms, just like Gurgaon, the price movement in Naugaon Area is linked to three primary factors, namely Infrastructural Changes/Government Initiatives, Internal Development of a particular Gated Community & Demand/Supply.

Infrastructural/Governmental Changes:

For those who are new to Naugaon as an investment and self us destination, there are a host of Infra Changes that are likely to boost the prices in the region. Most importantly, these are connected to better connectivity in times to come. While currently, the access to the Gated Farm Areas is through Villages, however, there are new by pass roads that have been sanctioned which are going to connect some key areas and villages where there is more development for such gated farms to Delhi-Mumbai Expressway directly. Once Ready, these by pass roads will eliminate the need to go through congested villages with a mere 12 to 15 kms drive at a point where a new interchange is sanctioned at 85 kms from Gurgaon on Delhi-Mumbai Expressway.

Internal Development within a Gated Farm Community:

The second factor that plays an important role in price movement is the internal Development of Internal Roads, Landscaping, club, Gate Installation, Common Area Electrification and other important steps that make for a good quality Gated Farm Community. Based on the available historical data, almost each of these above mentioned steps translate into a Rs. 1000/- Per Sq.Yrd. For e.g. the first stage for a project is a Pre Launch Stage, where the developer has acquired the land and announced a pre launch price, then when the Gate is installed, the prices would move up by a Rs. 1000/- Per Sq.Yrds. When the second step of Internal Road development is complete, it will further go up by another Rs. 1000/- per Sq.Yrd. and so on. Currently there are some exciting opportunities to invest and own a farm in Pre-Launch Farm Projects in Naugaon, where one could invest now and reap the benefits of appreciation in the next few months itself. To put things in absolute number, suppose you invested in a pre-launch farm project in Naugaon for a 3000 Sq.Yrds. Plot of Land, every 1000 rupees increment would translate into Rs. 30,00,000/- of absolute capital value appreciation. The best part is that these Gated Farms have a lifecycle of about 8 months to 1 year for completion, so one could actually watch the money double in a short span of time.

Demand & Supply:

Lately, Naugaon has seen an unprecedented growth in demand from Delhites and Gurgaonites for Gated Farms, considering the facts like affordability and proximity from Gurgaon. While the land availability remains limited, considering the fact that in a 100 Acre development one would only have 150 farms of 3,000 Sq.Yrds. each. What is interesting to note is the fact, that the supply of raw land keeps getting more and more expensive as farmers realize the prices at which the developers are selling these gated farms, their expectations keep rising, so any new development will always be more expensive than the previous one, considering the land acquisition price for the developer itself will be more expensive. Ultimately, this benefits the end user or individual investor who has already invested.

Conclusion:

Considering the pace at which Delhites and Gurgaonites are acquiring these individual farms in Gated Farm Communities, it is expected that the prices for farms in Naugaon will become higher within the next 1 year. Also the Government Infrastructural changes are expected to take shape in the next 1 year to 18 months from March of 2025, so that will further boost the prices in the area. Anyone sitting on the fence on making a decision to acquire a piece of land in this area should act fast and own before these also become out of reach.