Information about Real Estate in Gurgaon
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Gurgaon, the national capital region of India, is remained the place where the scope
of real estate business in highly extensive. Easy availability of quality housing
at affordable prices and the quality of construction is making Gurgaon investment-worthy.
In fact, Gurgaon is considered to be one of the hottest suburbs to make investment in. The value of property in Gurgaon is likely to increase 15-20 per cent annually
for the next few years. This city has reshaped the realty sector of India as it
has pioneered the emergence of luxury segment during 2004-05 with the launch of
DLF's Aralias; Aralias II; MGF Vilas; DLF's Magnolia and lately Ambience Caitriona
and Unitech Karma Lakelands. These high-end projects provide 4-5 bedrooms, centrally
air-conditioned luxury apartments with lavish specifications and all the modern
facilities for customers’ satisfaction.
This trend of high-class dwelling has also provided a boost to the need of purchasing
in Gurgaon real estate for the purpose of functioning it as a weekend home. To satisfy
the rising demand of properties, many renowned real estate developers have made
initiatives for the construction of new projects which consist of both middle and
high-end budget projects at MG Road, Sohna Road, Golf Course Road and Old Gurgaon
Road. Out of which Sohna Road and Golf course road are seeing most of the action
with new projects including The Palm Drive and The Palm Springs by Emaar MGF, Belgravia
at Central park 2 and Raisina by Tata Housing coming up here.
Residential dwellings built around a golf course are the latest buzzword in the
high-premium housing segment of the Indian realty industry, estimated at around
$20 billion and growing at nearly 40 per cent a year. Developers are making an all-out
effort to create high-end apartments and villas in golf-centric communities and
selling these projects by invitation only. These super-premium projects are not available cheaply with price range starting from USD 1 million onwards.
Aside from high-priced dwellings and state-of-the-art office spaces, the city also
provides a wide range of residential properties for middle class segment. This segment
of residential apartments builds the very foundation for the mass ongoing constructions
in Gurgaon. Recently, the DLF has launched "New Town Heights" and Vatika limited
has come up with "Vatika India Next" for a section of society who have mid budget
for home buying. Owing to its proximity to south Delhi, the city has further enhanced
its position as a world-class real estate destination for investors of India and
abroad as well as the connectivity to the international airport in Delhi gives Gurgaon
a vital edge over other cities in the NCR.
Summary: Gurgaon is becoming the most preferred destination for real estate investors
if compared to other cities. It is mainly because of quality constructions and innovative
additions to fulfill the requirement of home buyers. Competition of constructing
residential houses with modern facilities is on evolution in Gurgaon because the
developers are trying to build a consumer base. With providing investors with lucrative
options in residential as well as commercial properties, Gurgaon, in fact, is counted
as one of the hottest cities in India to invest in.
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