The Gurgaon Real Estate Market Overview

By Author: Propikr Infratech
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The article provides market insights about Property for sale in Gurgaon. The in-depth guides for upcoming locations to make the right decision when it comes to buying property. It is an excellent time to avail of reduced interest rate and fast home loan disposal and several Residential projects in Gurgaon consist variety of inventory available as ready to move in property.

Gurgaon is a part of Delhi NCR known for High Rise commercial buildings and elegant residential complexes, undergone fast urbanization during the past few years with habitation of people from different parts of India as well as overseas. Gurgaon, officially known as Gurugram, is the second-largest city in the state of Haryana witnessing rapid urbanization in recent times. Gurgaon has become a leading financial and industrial hub has diversified location with large IT hub, MNC’s, wide spectrum of industries, retail shops, business centers, shopping malls, reputed schools, best hospitals, high-end residential projects, presence of metro & rapid metro, highest job opportunities makes one of the best destinations for investment.

Although ...
... the real estate sector in India is going through critical challenges. It has seen the development of important new corridors in the past couple of years, like New Gurgaon, Sohna Road, Golf Course Road, and Golf Course Road Extension or the Southern peripheral Road displays on major junctions " property for sale". Apart from the price is an important aspect that is influencing the purchasing decision like the development of key infrastructure and availability of basic amenities such as roads, water, power and sewage in and around the residential projects. Planned transportation networks, social infrastructure, growing employment opportunities are some of the key factors why real estate is in huge demand at Hotspots locations. The increase in demand for residential complexes and shortage of land extends development towards surrounding areas like Sohna, Manesar & Dharuhera.

Gurgaon has always been one of the preferred destinations for investors as compared to other Indian cities. With the launch of many reputed projects, the Golf Course Extension Road, Dwarka Expressway and Sohna road has become a realty hot spots attract self-use properties & promising investments or regular rental income. Upcoming Residential properties on Dwarka Expressway attracts a lot of interest from the mid-income buyer group. There are reputed developers coming up with a wide range of apartments, high-end condos, Villas, Penthouses and Plots in the gated community.

The reputed builders have developed projects that have been carefully designed to allow superior ventilation and a spectacular view of the landscape is located in the prime sectors with excellent connectivity to medical facilities, shopping centers, schools, parks, sports complex & clubs. Many Real Estate developers launched flats which are available at an affordable price. There is a unique concept of eco-friendly homes, hotel apartments with feature-rich interiors, elegant architecture fully loaded with various amenities.

The residential projects are located in close proximity to schools and other basic amenities and promote the culture of green and cluster living. Gurgaon being a well developed and upcoming destination promises to offer good rentals since it already has well-developed metro connectivity and a tunnel from Dwarka expressway to International airport.

Gurgaon realty sees a revival after a long time create confidence among buyers could lead to prices increase of residential and commercial properties and the market is now witnessing the positive sentiments. The launch of new projects along Dwarka expressway, Sohna road, and Golf Corse road extension boost their sale has due to the confidence of customers because of RERA implementation.
With the prime areas reaching saturation, in terms of occupancy and prices, may also see the emergence of newer areas. Sohna, popularly known as South Gurgaon emerged as a favorable destination in the city, due to its proximity to various business centers and industrial clusters along with direct connectivity to Agra & Jaipur. The Affordable housing projects are under development with required basic amenities suitable for low-income group buyers.

The development of key infrastructure, completion of the Dwarka Expressway and removal of the Kherki Daula toll plaza will have to correct the market itself in terms of prices, practices, and delivery on the promises made to buyers. The increasing working population will demand workspace near their workplace that generates demand for commercial and retail properties. With various Multinational Companies eyeing Gurgaon for their office space, there has been a shift of working population, which has led to an increase in the demand for residential properties as well. The efforts of the Haryana Government, Builders & Authority inclination towards the fast development of infrastructure will change the road map of the millennium city.

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