Why Property Rates are High in Gurgaon?
The property rates of Gurgaon are much higher as compared to other cities of India. This is due to the set up of innumerable industries and multi-national companies in Gurgaon. These firms need commercial properties in order to set up their offices in the city. This has resulted in the price hike of commercial properties. People from all over the country live in Gurgaon to work in these companies. Due to this, there is also an increased demand regarding the residential properties, which include flats, apartments, and condos.
A Profitable Residential Investment
Although there is constant increase in Gurgaon properties; more and more people are continuously investing in these properties. It has been analyzed that the value of Gurgaon Property is likely to increase by 15-20% in the next few years. The availability of good accommodation and the qualitative construction of these houses had made Gurgaon the hottest suburb for investment purposes.
Emergence of Many Luxurious Accommodations
Since 2004-05, many luxurious segments with all modern amenities are being offered to the customers. These include MGF Vilas, DLF's Aralias, Aralias II, Unitech Larma Lakelands, DLF's Magnolia, and Ambience Caitriona. There are also some middle and high-end budget projects planned at Sohna Road, Old Gurgaon Road, MG Road, and Golf Course Road. The projects built around the golf course area are constructed as high-end apartments and villas. These accommodations are expected to start from the price range of USD one million dollars.
As Delhi has been ranked at the second place in terms of its market size, a large number of the population are moving towards buying property in neighboring places of Delhi and especially in Gurgaon. Various property consultants also predict that the rates of real estate in Delhi and its neighboring areas will soon face a rising phase. This might be one of the reasons because of which people wants to purchase property in these places.
Gurgaon, the NCR of India capital city is one of BPTP Visionnaire Gurgaon the top demanded places for residential and corporate sectors. All the leading business organizations and multinationals are found to have located their abode in the beautiful environment of Gurgaon these days. The real estate of Gurgaon has really proved to be one of the competitive sites that offer residential as well as commercial aspects. It is believed that it will surely prove to be advantageous investment in the times to come.
Investment options in Gurgaon are not only enjoyed by the corporate sectors, but people who are purchasing property for residential purposes are gaining tremendously as well. Also, it has been noticed that the real estate rates for Gurgaon are on a little higher side but still people or investors prefer to buy them as they are aware of the great advantages that will follow soon in the long run.
Moreover, various new projects have been started in Gurgaon so as to accommodate a large number of populations and offer them some of the luxurious amenities. Various shopping malls, markets and multiplexes have also been opened so as to provide the residents of Gurgaon with the best of the facilities. Interestingly, Gurgaon has been given the name of mini Delhi. The builders and contractors in Gurgaon are designing and constructing the residential and commercial property in such a way so that it can suit to the needs of all. The basic points considered by them include spaciousness and clean environment so that when the buyers purchase the property, they do not have to compromise on the basic facilities and infrastructure amenities.