Gurgaon, the millennium city is reckoned to be one of the fast developing cosmopolitan regions in India. This city has evolved to become the insignia of rapid urbanization and immense commercial growth over the last decade. Today, Gurgaon is the home to numerous multinational fortune companies with their headquarters based in the business districts which are on a sprawl in this city.
In the present day, Gurgaon has beaten South Delhi in terms of the home buyer’s preference of habitation and occupation. Along with being the focus of end users, Gurgaon has been eyeballed by the investors who aspire a quick monetization of their investments. The investors sight Gurgaon to be the city which emboldens them with the confidence of their properties fetching significant appreciation within few years along with sizeable rental income during the course of ownership.
The investment market in Gurgaon is driven by the projects located in the vicinity of commercial hubs and self-contained with enabling social infrastructure. The investors are witnessed to be more inclined towards opting for properties which are under development and are due for possession in the coming 2 to 3 years. This mode of investment assures the investors to command better return on their investments as the amount of money invested to own the property is considerably lower in the upcoming projects as compared to the assets available for resale.
One of the most prominent reasons for Gurgaon to burgeon as an ideal micro market for investment is the upcoming locations with the focus of leading developers. Areas like sectors along the Dwarka Expressway, sector 37D; New Gurgaon and the belt along the Delhi Faridabad road are witnessing massive constructions in the residential sector. The prospects of livability at these locations are also augmenting pertaining the enhanced infrastructure and zones of retail, healthcare and education.
The absorption in Gurgaon real estate market has been promising in the recent future. Overruling the general perception of sluggish phase of growth, the realty transactions have been healthy in this city. It is not just the investors but the end users have also not been able to disregard the prospects of a comfortable and high end habitation in Gurgaon. Along with the upcoming general elections and the subsequent political stability, the Gurgaon real estate sector seems to be geared up for yet another spell of growth and development in the coming future.
Source: Silicon India