Why dealers of property in Gurgaon look up to real estate projects in Gurgaon as extremely lucrative?
Nestled on the southern outskirts of the National Capital Territory of Delhi, and home to innumerable Fortune 500 companies, it comes as no surprise that the IT boom has created an unfathomable need for Buy property in Gurgaon. Be it an office space, or residential property, there is a huge demand for real estate projects in Gurgaon.
Gurgaon has gained prominence on the world map owing to the massive IT hub which boasts major national as well as multinational corporate companies. This is also the reason why Gurgaon has become the most preferred residential location for many highly qualified Indian executives as well as foreign expats. And it is not just restricted to the crème de la crème of the seasoned and experienced MNC professionals only; the IT boom has created a huge demand of white collar jobs for fresher and young dynamic graduates as well. Therefore, many residential property in Gurgaon are already thriving in the millennium city. Be it luxurious villas or affordable flats, there is no dearth for residential projects in Gurgaon. In fact, almost every other week or fortnight there are promotional offers and advertisements of new and upcoming residential and commercial properties in Gurgaon splashed all over the web and the newspaper. Touted to be the fastest developing region in the NCR, Gurgaon has duly become the ideal destination for the young urban crowd. And their basic need for socialising as well as living a luxurious life have eventually provoked the real estate giants to comply them with a host of shopping malls and restaurants.
Already a favourite among real estate companies, a lot of upcoming properties in Gurgaon, both residential and commercial are on the rise. Well known architects are roped in to design immaculate, elegant, and contemporary architecture having an international and futuristic aura, along with beautiful picturesque landscapes. Real estate developers, both big and small are now targeting the adjoining areas of the city as well. Gurgaon-Manesar expressway is all set to become the new hub of commercial and residential properties in Gurgaon. The "South of Gurgaon" is all set to become the hottest real estate destination by having many affordable properties for sale than their Millenium City counterparts. Located amidst the serene scenic beauty of Aravalli hills, Sohna has become one of the most economically viable real estate paradise. Although it is situated in a calm environment that is away from the city’s hustle and bustle, it is just a twenty-minute drive from the commercial hub of Gurgaon like DLF cyber city and Golf course road. “South of Gurgaon” has becoming seemingly popular among the salaried professionals who don’t mind spending a few extra minutes of travelling in exchange for staying at a much affordable and peaceful location. This is because these professionals can afford to buy property in Gurgaon (South) by just paying half of the prevailing rates in Central Gurgaon. Some other fast developing real estate destinations in the vicinity of Millennium City are Dwarka Expressway, Golf course extension, SPR, FNG Expressway, Kundli-Manesar- Palwal Expressway to name a few. Well connected by the road as well as the metro lines, there are a lot of investment options for real estate in Gurgaon depending on the taste and budget of investors.
There are several reasons why Gurgaon properties are gaining immense prominence in the NCR. Due to the rapid economic development and progress the city has shown in the last decade in terms of employment opportunities and business expansion, investors, as well as buyers, are now making a beeline for residential properties in Gurgaon. These five important reasons are valid enough for investors making an investment in property in Gurgaon:
Location: Close proximity to IGI airport, South Delhi and Central Delhi, Gurgaon residents have a major advantage of saving on travel time. Having access to several prominent MNC’s in the area, there are plenty of employment opportunities of all sizes and nature. A high traffic and densely populated area are always good for any business start-up.
Face value: Hub of many national and multinational companies, Price of property in Gurgaon are more likely to appreciate in the best possible manner. Currently, with a staggering population of 1.9 million, it comes as no surprise that it is indeed a fast developing city where real estate prices are just going to get better with every passing year.
Urbanisation: A well-planned city meeting the needs of the urban crowd makes Gurgaon an ideal dream destination. Super speciality hospitals, private schools at par with international education standards, five and seven-star hotels and resorts, shopping malls etc have created a much-needed comfort zone for the residents of Gurgaon.
Good connectivity: Delhi Metro and Rapid metro have proved to be a blessing in disguise for commuters from Delhi and Noida to Gurgaon and vice versa by delivering better transport facilities at an affordable cost. Better road connectivity via expressways and National Highway also contributes to rapid growth and development in Gurgaon.
Great resale value: It is quite obvious that the above-mentioned reasons validate the point as to why Gurgaon has become the first choice for many investors and property dealers. The resale value of residential and commercial properties in a strategic and high demand location of Gurgaon is more likely to fetch good prices. Although, one must bear in mind that residential property rates in the Indian market are constantly dynamic in nature. So before selling properties in Gurgaon or as a matter of fact anywhere else in India, it is advisable to wait till the real estate activity of the micro-city is positive and vibrant.
In addition to the proposed 58 new sectors as per the Master plan 2025, another 7 new residential and commercial sectors have been earmarked in accordance with the Master plan 2031. This will permit more residential space in the newly proposed sectors that will be instrumental in creating a quintessential residential kernel of Gurgaon property. After considering and weighing all the options for investing in Gurgaon properties, there is no doubt that it is not only going to be a safe decision, but also a highly fruitful one. There is no dearth of residential and commercial property in Gurgaon. Builders big and small are jumping onto the real estate bandwagon in Gurgaon that clearly portrays the eminence of development and progressiveness the city has shown in the past few years.