Gurgaon is Housing a Number of Real Estate Companies
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People who want to have real estate in Gurgaon is a daunting task. Keeping in mind your requirements, a number of real estate companies have established their offices to offer you property of your choice. It is expected that the prices of property in Gurgaon will mount ten to fifteen per cent per year for the next few years.
Gurgaon is home to diverse residential developments that include Vipul Orchid Greens, Orchid Petals, OMAXE Nile, Park View 2, Orchid Belmonte, Parvsnath Greenville, Eldeco Mansionz, Central Park, Vatika City, Wembley Estate, Sahara Grace. Apart from these residential developments, the place also is home to a number of renowned developers that include DLF, Unitech, Vipul, Vatika, JMD, Omaxe, Parsvnath, Suncity Projects Ltd.
Besides expensive housing and modern offices, the city is also home to a wide range of residential properties for middle class people. Keeping in mind this segment, DLF has recently launched its "New Town Heights" and Vatika limited has come up with "Vatika India Next" for the medium budget home buyer. Due to its proximity to south Delhi, the city will further improve its position as a world class real estate destination for investors of India and abroad owing to its connectivity to the international airport.
The assistance from the government has further enhanced the value of Gurgaon real estate sector. The foreign contributions in the Gurgaon real estate fund have been witnessing a steady rise of 40 to 45 per cent per year. With the increasing demand of real estate in India, a number of real estate companies have reached in diverse cities that include Gurgaon, Noida, Hyderabad, Chennai and Pune.
The real estate in Gurgaon has been increased at a pace due to boom in IT and ITES sector. As compared to the United States, the man power cost is also cheaper in India by 10 to14 per cent. Gurgaon has already considered the proposal for a 25,000-acre SEZ near Gurgaon to be put up by India's largest real estate private sector player Reliance Industries Limited. This company is the biggest private-public sector joint venture SEZ to be put up in the country, which will cost nearly Rs.400 billion.
Summary: Emergence of diverse national and multinational companies has driven the demand of residential and commercial property in Gurgaon. For accomplishing the demand of people, a number of real estate companies has set up their offices.
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