Realty Market of Gurgaon: Leader in Housing Real Estate

Real Estate Gurgaon and Noida are probable to have the majority of absorption of the property in Delhi NCR property market. Reports say that rental charges are likely to increase in definite micro markets in second half during the year 2013, because demand-supply break of the quality office room is likely to increase due to supply constraints with selected precincts of Delhi NCR.

In addition, prices of the residential property, particularly in Gurgaon Properties, are probable to appreciate during the year 2013 that sequentially will attract additional buyers in the market. One more attractive trend observed during the last couple of years was the stock within range of around Rs 2,000 to 3,000 / sq ft was sold out quickly. In the year 2013, this array is expected to shift towards Rs 3,000 to 5,000 / sq ft with an increase in the inflation as well as construction costs.

Year 2012 completed with some positivity notes, as inflation was below RBI’s anticipated levels as well as the IIP (Index of Industrial Production) growth improved in the last few months in the year, providing new hopes in the year 2013. Gurgaon has continued to become a leader in housing real estate marketplace with registering upswing for capital values as well as project launches throughout the year. 2012 saw improvement in the demand more than 2011 for the residential properties within Gurgaon.

For cashing in on prevailing demands, the developers have launched projects primarily in high-end, mid-end, as well as luxury projects. As per the report from C&W (Cushman & Wakefield), total units launched within Gurgaon during the year 2012 was 22,219. Growth corridors including Dwarka Expressway (which is also identified as the Northern Peripheral Road), Golf Course Extension, and New Gurgaon in Sectors 81 to 95, registered bulk of launches. Amongst these locations, the Dwarka Expressway is having maximum number of housing project launches after that New Gurgaon with Sectors 81 to 95 as well as Sectors 78-79.

According to C&W report, during the year 2012, asset values have registered average gratitude of 24% compared to the year 2011. Highest gratitude in the asset values was with Dwarka Expressway, because of its tactical location — this is within close propinquity to Delhi as well as IGI Airport, with forthcoming business office spaces at Aerocity.

Capital values respected at the Golf Course Extension primarily because of sound construction program of the majority of properties in locations as well as no new major launches. The SPR (Southern Periphery Road) also registered steady gratitude in asset values during the year 2012, because of better demand in the residential projects started by top developers.

Sohna Road has registered consistent appreciation of about 20% because of healthy demands for existing as well as forthcoming housing projects. Whereas no new projects were launched during this year, the Golf Course Road has registered major appreciation, with a range of around 20 to 25%, because of the approaching infrastructural projects. 2013 may see developers concentrating on the delivery of apartments.