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Will Ulta Luxury Apartment In Gurgaon Ever Die?

Residential property cost in Gurgaon has been on the upswing for several years. In the main residential areas of Gurgaon property rates has been increasing at a rate of 20 to 30 per cent annually for several years in the recent past. Such locations include: IMT Manesar, Sushant Lok, Sushant Lok I, Manesar, DLF Phase IV, Sector 52, DLF Phase V, Nirvana Country, Sector 30, Andee City, DLF Phase I, Udyog Vihar I, DLF Phase II, Golf Course Road, National Highway 8, M.G.Road, sohana Road, etc. Residential as well as commercial properties of different varieties are available in these locations. Apartments, flats, villas, shops, condominiums, commercial spaces, farm houses, etc. can be easily located in the region.

Gurgaon property cost has been on the increase for the past several years. An estimate conducted by industry experts gives a clear picture of average residential property cost in Gurgaon by mid-2009. It shows that average cost per square foot for apartments is around Rs. 4,250. In the case of houses, it comes to approximately Rs. 6,700. Again, for plots the estimate shows the average cost approximately at Rs. 4,600 per square foot. In the case of apartment units, the cost has come to around Rs. 90 lakh. Again, the average price per house unit has come to around Rs. 1.5 crore. For plot units, the price is approximately 1.6 crore. The estimate is a clear index as to the increasing cost factor of residential property in Gurgaon.

The property cost of 1BHK, 2BHK and 3BHK apartments, 1BHK, 2BHK and 3BHK houses, as per the aforesaid estimate can be summarized as follows. In Gurgaon, average square foot cost of 1BHK apartment is approximately Rs. 3,700 and average price per unit is Rs. 26.5 lac. In the case of 2BHK apartment, the price per square foot is Rs. 4000 and the average cost per unit is approximately Rs. 45 lac. For 3BHK apartment, the average cost is around Rs. 4100 and approximate cost per unit is Rs.73 lac. The estimate also analyses the cost of other residential properties such as independent houses of 1BHK, 2BHK and 3BHK. In accordance with the estimate, the cost of 1BHK house is approximately Rs. 5100 per square foot and the cost per unit around Rs.85 lac. 2BHK house costs around Rs. 5,500 per square foot and Rs. 67 lac. 3 BHK house costs Rs. 6,100 square foot-wise and Rs. 95 lac per unit.

India has emerged as one of the lucrative destinations to reap assured returns on property investment. The appreciation of various commercial and residential properties in India has been quite good amongst the other Asian countries.

Location of a property whether commercial or a housing space, is one of the most important consideration before buying. The strategic location of Indian continent and its leading cities has added immensely to the increasing importance of India as a commercial and industrial hub. Its capital Delhi offering excellent connectivity of expressways and metro trains has attracted several investors from the world.

The set up of metro train in most of the metropolitans is providing a speedy and hassle free commutation. The advent of metro has significantly added to the real estate growth in Indian cities.

Realizing Pent House In Gurgaon the property growth, many real estate giants have launched splendid commercial and residential architecture in Indian cities. The Indian cities in the recent past have witnessed a huge influx of multinational firms. This influx can be owed to the economic growth of the country.

Some of the booming realty markets in India are Mumbai, Gurgaon, Bangalore, Hyderabad etc. Gurgaon property market offers many commercial and residential spaces that are bound to get immense appreciation in near future.

The population migrating to gurgaon city is increasing rapidly leading to very high rates of Gurgaon property. The residential projects in Indian metropolitans are offering world class amenities and conform to the international standards of construction. The concept of green technology is also implemented in some of the buildings in major cities to help global warming.

India is undoubtedly a lucrative option of property investment with incredible property growth in some of the cities. The real estate developers are launching several residential and commercial properties to select from. The residential property has a great variety ranging from premium to affordable housing. Various apartments/flats, independent floors, builder floors, penthouses, independent villas & houses condominiums are available in Indian cities offering enough options to dwell.

The infrastructural facilities such as well connected roads, transport, power supply etc. in Indian cities is also rising due to the rapidly mushrooming commercial and residential spaces.

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