Some Real Facts About Gurgaon Property Market!

Are you aware of the market trends in Gurgaon? Are you ready to give it a shot? Do you have inhibitions in purchasing a new home in Gurgaon? Are the high prices your worry area?

Gurgaon property market is a dream destination for almost every buyer who wants to own a home in NCR region. It is one of the hottest cities in India that offers stylish living with all modern amenities. It is a big city with a golden heart. But does it welcome everyone here? No. Gurgaon is still a city that sells dreams only to the riches. This is a fact! Prices have always been a big issue when it comes to Gurgaon real estate. There are many families who couldn’t buy their dream home in this magical city because budget was an issue. Surely, this is a setback for the sellers also. The builders also sometimes feel restriction as they have limited buyers, classes can easily join them. Masses can’t think of owing Gurgaon property. This is so unfair!

Is there any action taken by the new Govt.? Well, people are really hopeful that the new leaders would do some good for the city and the people too. Actions taken by the Govt. will prove to be beneficial for the buyers as well as builders. Builders will have a bigger market and buyer will have a better choice. Both the parties will get their share of rewards. Things are into action and within no time Govt. rulings will be implemented. All this will make Gurgaon property market more promising and pleasing. Now, more people from mid-level buyer bracket can become a part of Gurgaon property market. Property prices will be more structured and standardised, which will further improve the market. Overall, Gurgaon real estate is going to have a great future ahead. Meet an expert and clear all your doubts, if any! Better understanding leads to better dealing! 

Open your eyes and make yourself aware of the latest trends in Gurgaon Property Market. You will have a winning deal in hand!

Affordable Housing in Gurgaon

The real estate market of India, without any doubt, is suffering from considerable slowdown due to so many reasons. With realty prices going high, end users are planning for something that could maintain their budget. In this case. a fresh trend of affordable housing is emerging in Gurgaon and the other parts of Delhi NCR. A lot of of affordable housing products in around Rs12 lakh to Rs 23 lakh for an apartment, seizing one or two BHK, are coming up in the city.

Gurgaon Property has its name in the cities to lookout for luxury apartments. In the last few years, the town saw the improvement of apartments in the p[race range of Rs 35,00 to Rs 10,000 per sq ft. Also, the size used to be upwards of 18,00 sq ft, in most cases. The cheapest apartment unavailable in the city during this time was priced around nd Rs 60 lakh. This affected demand in residential realty market in Gurgaon. At the same time, most of the builders were into the construction of premium apartments that made oversupply, and now market is looking correction in prices. With capital value ranging approx in the Rs 5,000-8,000/sq ft in residential apartments such as Beverly Park 1 and 2, Garden Estate, Heritage city, etc, the cheapest apartment in this locality is available for around 1 crore. Golf course road also gained prominence with developers looking for large projects creating to the luxury and premium segment customers.

In fact, there has been a deluge of spree residential plans on the Golf Course Road, and this joined with broad roads leading to dynamic connectivity, large corporations wished to be established in this region. Golf Course Road thus earned the tag of “the address” in Gurgaon, with exclusive leisure projects such as Magnolias, Aralias, Central Park 1, Exotica being placed on this stretch.

To strengthen market and realty activities in the region, realty developers are now changed their mind, taking their projects on affordable housing segment in Properties in Gurgaon, as well as Bhiwadi andManesar.

Several projects have been announced on the Rajiv Chowk-Manesar stretch along NH-8 and Dwarka Expressway and Sohna Road. As places like Golf Course Road and MG Road started to immerse with realty improvement, growth stirred along Sohna Road and Dwarka Expressway. With the Gurgaon Manesar Masterplan 2031 also insisting on these new sectors and with infrastructural actions in the form of Metro, ISBT, KMP Expressway, Northern and Southern Periphery Road, a strong connectivity to other parts of Gurgaon and Delhi can be assured.

With their prices range from Rs.12.5 lakh to Rs.22 lakh, these apartments are not only attractive to end users, but also suitable for long-term investors. As Properties at Gurgaon develops and extends on this range come up, one can assume capital values to cherish in the long term.

Gurgaon on the Zenith of Demand Charts in Real Estate

NCR will have a total demand of nearly 10.2 lakh residential units, 249 lakh sq ft of office space and 66.6 lakh sq ft of retail spaces by 2013.With rising demand in residential, office, retail, and hospitalitysectorss, Gurgaon tops the demand charts. Forthcoming world-class projects, proximity and good connectivity to Delhi are a few factors driving these figures.
The city is registering the fastest growth in the real estate sector in the country. Developers are flocking to the region to launch new Projects in Gurgaon after prices here shot up by as much as 25% in the last one year.
Recently, well-established realty players like Godrej Developer, Tata Realty from Mumbai and Sobha Developers from Bangalore launched their projects in Gurgaon. This has further infused the competition in the sector in the region. A large number of white-collar jobs have been created in Gurgaon after it emerged as a hub for IT and IT-enabled services in northern India. Also, owing to its proximity to the national capital Delhi, several Fortune 500 firms opened their offices here, employing hundreds of high-income professionals.

Records show that 35% of the proposed residential land is under the process of licensing. The major growth corridors in Gurgaon include extended Golf Course Road, Sohna Road, Pataudi Road, Manesar, Jaipur Highway and a concentrated growth in Bhiwadi and Dharuhera. Around the NH-8, the sectors of New Gurgaon like 37, 37D, 80, 81, 82, 85, 86, 90, 92, 93, 95, and 99 are registering a tremendous response.

New Gurgaon Has a Great Oppertunity For Real estate

Gurgaon will always strike in mind,whenever it comes to find out the best destination to find out the best destination for real estate development in Delhi NCR.With terminating the toll plaza between Delhi and Gurgaon, the government has given new wings to Gurgaon. It was the big news of relief for those commuters who commute between these two destinations. With this step, the traffic on National Highway (NH) – 8 has become quite smooth.

It has a huge impact on real estate industry. The new Gurgaon has all the characteristics of modern a city such as- wider roads, well planned drainage system, better electricity and water facility, innovative sanitation solutions and clear surrounding as well as the area also has social infrastructure including top-class schools & colleges, big shopping complexes, finest eateries and entertainment zones. In its close proximity, you will also find 505-bed multispecialty Rockland Hospital making it a perfect place to reside. The newly developing sectors like - 58 to 63, 68, 78 to 81, 84 to 85 and 99 to 112 have seen a high rise in demand for housing in these locations.

Other beneficial things that make new Gurgaon a hot property is its connectivity to Neemarana expressway that has1, 200-acre Japanese zone and also the proposed plans of Metro link and bus service that make this location well connected to Delhi. The newly opened Hyatt Regency and many sky-touching buildings in Cyber City 2 make this location even more worth living. To reach famous destinations like Cyber City 2 and Manesar, it will take hardly 10 to 15 minute respectively. Looking at the better opportunities, the demand for Property in New Gurgaon is also soaring day by day.

Gurgaon holds great promises for both buyers and sellers. However,one has to be wise in investing in the property of Gurgaon for long term benefits.