Gurgaon Real Estate Brings High Returns

By Author: Ajay Singh
Total Articles: 9
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Gurgaon has been the centre of attraction for a number of multinational companies for quite some time. The NH 8 linking Delhi with Mumbai has resulted in high growth of industries and business in this area. Situated in the NCR about 30kms south west from New Delhi, Gurgaon is fast becoming the business hub of northern India. This rapid development of the region’s economy and fast industrialization has led to many major real estate players invest in the city.

Right from apartments for the middle section of the society to luxury homes in Gurgaon for the ones belonging to the best class, the real estate builders are providing exclusive and exquisite accommodations for every section of the society. The buildings include normal multi-storeyed ones as well as the skyscrapers. The general demand of those investing in the real estate in Gurgaon has been of highly spacious homes. On an average, a 2 BHK apartment in the city will be anywhere around 1200 square feet in area.

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There has been a major demand for luxury apartments Gurgaon ...
... and medium high quality dwellings in Gurgaon. According to data from various real estate organizations operating in the region about 28% buyers are seeking apartments ranging from 60 Lacs to 1 Crore in price, while the buyer statistics for the 1 Crore to 2 Crore luxury apartments Gurgaon is as high as 30%. This is a huge draw for the real estate giants to start investing in the region. The increasing number of offices and industries in the city is considered as the main driving power behind the demand for ultra luxurious apartments. Based on the total cost of the available apartment, a high class 3 BHK apartment will be available for Rs.4000 to Rs.7000 per square feet, while the renting price is anywhere between Rs.15 to Rs.30 per square feet. This has also attracted high investment in the real estate sector by the second home buyers who are using these apartments to rent out to others and get high return on the investment.

There are luxury apartments Gurgaon available with large open spaces as well. These modern buildings use the open spaces as recreational area consisting of pools, parks and other such facilities. These luxury homes in Gurgaon are high in demand among the high class buyers in the city.

Besides the National Highway 8, the Delhi Metro, auto rickshaws and buses provide excellent communication within the NCR and is the preferred choice by the locals. The Indira Gandhi International Airport located in Gurgaon is one of the busiest ones in the region. Excellent transport options, open spaces and luxurious apartments make Gurgaon one of the best places to invest in the real estate department. Increasing industrialization and urbanization indeed paint a bright picture about the future of Gurgaon. Even there had been serious lapse in the basic amenities in the area, but developments, such as power distribution stations all across the city and other such facilities have made it possible for development of modern lifestyle in the city.