Sunday 5 May 2013

Gurgaon property market



The real estate market in Gurgaon is amongst the most striking investment alternatives for investors. Indian as well as overseas investors around the world find that a profitable alternative. Active existence of major property players in city makes that an exciting real estate market. This is not restricted merely to investment. The end users find this a tremendous living destination because of different reasons like superior ‘life-to-work’ environment, superior career options as well as state-of-the-art infrastructure. Amongst the input factors in the growing property market in this city is ever increasing significance of the city as business hub.

Whether its commercial properties or residential properties like 2 BHK, 3 BHK apartments or Villas, the realty market of Gurgaon is extensively known for its top-notch architecture. It is an important factor behind the success of this city. Different property leaders have initiated state-of-the-art projects like IREO Skyon, EMG Ekaantam, Puri Emerland Bay, and Vatika INXT City etc. This city reports the presence of all major property builders including BPTP, DLF, Emaar MGF, Raheja, Ansal, Omaxe, Unitech, etc. All these developers hire highly qualified domestic and international architects, utilize latest methods as well as concentrate on providing international standard of living to residents that raise the confidence of the investors as well as end-users.

Future Possibilities
In a few promising areas like Dwarka Expressway and New Gurgaon, the existing rates are not very high, however once the construction in these sites is completed they are expected to be heart of Gurgaon. This will surely result in the price hike for these areas. Therefore, the investors who wish for long time investment alternatives find it an enormous investment opportunity in all these rising corridors.

According to new Gurgaon Master Plan 2031, it will be extra availability of the land for additional property corridors anticipated in the master plan. According to new plan around 14,900 hectares land is allotted for the residential projects that will provide home for over 58 new zones.

Idea based Projects
One most recent trend in the Gurgaon property market is idea based projects that are drawing interest of the domestic as well as international buyers. All the projects are mainly to tap the niche market. All these clients wish for something new and more than the basic amenities like health clubs, spa & saunas, swimming pools, etc. 

In conclusion, the realty market of Gurgaon is amongst the best places for making investment as well as to live in. One may produce both long term as well as short term income from it.

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