An abode of peace and tranquillity, relative to the city centre, Sushant Lok-III is a locality that lacks almost in nothing. It’s an upscale area of Gurgaon, located in a prime, well-connected spot. The area has a plethora of schools, restaurants, banks, and hospitals nearby. Parks abound in the area, providing a welcome respite from the monotony of concrete and tar.

Sushant Lok-III enjoys good road connectivity since it’s located close to the DLF Golf Course Road and NH-8 (which connects Delhi and Mumbai). MG Road and the Sohna-Gurgaon Road are also situated nearby.

Connectivity and Transit Points

Sushant Lok-III is located close to a number of important and well-connected roadways. These roadways, namely NH-8, Golf Course Road, and MG Road, connect Sushant Lok with a myriad of commercial, corporate, and industrial hubs.

Besides these roadways, Sushant Lok-III is also connected to the rest of India by Indira Gandhi International Airport (21 km away) and the Basai Dhankot Railway Station (18 km away).

About 7 km from this locality, the HUDA City Centre Metro Station enables commuters to travel to other places easily. The HUDA Metro Station is part of the Delhi Metro’s Yellow Line, which extends all the way up to Jahangirpuri.

The planned extension of Rapid Metro will include Sushant Lok-III in its route, providing the locality with another major transit option.

Public buses service this locality from the SS Plaza Bus Stop (5 km away) and the Shuttle Bus Stop (6 km away). They pass through the area frequently, picking up and dropping passengers along their routes. Auto-rickshaws and taxis regularly ply the streets and can be hired for short trips within the city limits.

Major Landmarks

Arihant Hospital

Tulip Garden

Gurusharans Cricket Academy

Presidium School Gurgaon

Factors for Growth in the Past

Sushant Lok-III’s fortunes have risen with those of Gurgaon. Its location has been ideal for the families of the workforce that keeps the corporations in the surrounding areas ticking. When the city turned into a commercial hub, Sushant Lok’s real estate soared, mainly because of its prime location. Among the companies based around here are AMD Industries, Dell, HCL, Wipro, Maruti Suzuki, Hero MotoCorp, Deloitte & Touche, Hindustan Coca Cola Beverages, Ernst & Young, Aviva Life Insurance Company Ltd, and many others.

The area around Sushant Lok has, over time, become a commercial hub in and of itself with numerous malls and stores opening up, taking advantage of the growing population and popularity of this locality.

Residential and Commercial Market

Residential Market Trends

The residential real estate market in Sushant Lok-III has seen some ups and downs in the last few quarters. As of the July-August quarter of 2014, price per square foot has varied from Rs 7,000 per sq. ft. to Rs 13,000 per sq. ft., depending on the location and the type of property. Renting rates, on the other hand, can range from Rs 18 per sq. ft. to Rs 50 per sq. ft.

Commercial Market Trends

Commercial spaces in Sushant Lok-III are in high demand, so the property prices can vary from Rs 10,000 per sq. ft. to Rs 40,000 per sq. ft.

Finding a commercial space to rent in Sushant Lok-III is significantly harder. The surrounding areas have many commercial properties to let.

Major Challenges

Residents of Sushant Lok-III have had problems in the past related to the infrastructure development and maintenance of the locality. Electricity and water supply are affected by this to some extent. The lack of security personnel is also an issue.

Crime in and around Sushant Lok-III has also been on the rise lately. A parking mafia seems to have control over some parts of the locality. However, the police department is looking into this, and other recent criminal activity in the area.

Factors for Growth in the Future

Gurgaon-Sohna Road is a developing area, with many commercial and corporate establishments coming up here. This will directly influence the growth of Sushant Lok-III. Further development in the locality is expected. This bodes well for Sushant Lok.

The planned Rapid Metro extension will have a station in Sushant Lok, adding to the real estate value and growth of the locality.

Sushant Lok Phase 3, Gurgaon

Overview of Sushant Lok Phase 3, Gurgaon

Neighbourhood

Nearby Localities in Sushant Lok Phase 3, Gurgaon

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