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Property Market in Gurgaon
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Gurgaon - the most desirable destination for investors, accommodators, corporate houses etc. Gurgaon has an average elevation of 220 metres (721 ft) and also easy accessibility to, the capital city, Delhi. The overall location has benefitted the property investors to ensure assured returns for every, big or small, investments. The present scenario of the real estate sector also indicates an increase of minimum 10% to 15% in the rates of the residential, commercial, and industrial properties. Moreover, the per capita income in Gurgaon, i.e. 122,212 INR, makes the district the 3rd highest in the country after Mumbai and Chandigarh.
Reportedly, a slight slump in the Gurgaon properties market due to recession is witnessed now, though the extent is not alarming. The prime residential location of DLF Phase1, DLF Phase2, DLF Phase3, Sector 15, Sector 16 and Sector 18 used to witness an annual average appreciation of 15% to 20%. But at present, no such rise in the properties of Gurgaon is witnessed. Further, in order to bring back the same accelerating scale, the real estate analysis should be made considering the escalating inflation.
All the available facilities and amenities have also made the real estate sector of Gurgaon the most sought after. The locality, facilities, amenities, development, conveyance etc. are some of the factors that ensure lucrative deals. The available facilities and amenities have also attracted various small as well as big property investors to invest in the Gurgaon Real Estate Sector. Highly advanced transportations modes all parts the available facilities and amenities that further helps in making the city easy accessible to destinations like Faridabad, Delhi etc.
The continuous development in the Gurgaon City has forced the investors, businessmen, individuals and groups to halt for property transactions. The major players in the district i.e. Ansal, Central Park, DLF, Emmar MGF, Essel, Jaipuria, Luxury, Orchid, Parsvnath, Raheja, Sahara, Sun City, Unitech, JMD, Valka and Vipul etc. have played a vital role in the development of real estate sector in Gurgaon. Their consistent efforts are soon going to result into building-up of around 12000 luxury residential units in very short span of a year. Moreover, various projects are undertaken for the residential and commercial properties that are spread over an area of 500 billion square feet.
Numerous mega projects of the major players of the district have made Gurgaon the ideal destination for investment in the real estate sector. The consistent growth and development also ensures assured return for every big or small investment made. The upcoming of corporate and commercial sectors has also resulted in the rise in the property rentals and rates. The major corporate houses have also invested and established malls and complexes of DLF, Unitech, Vipul, Eros, JMD, Raheja, etc. Alike them, well-reputed names like Samsung, IBM, Nestle, American Express, Citi Bank, American Bank, LG, GE, Perfetti, Pepsi, Coke, Flexotronics, Honda, Maruti, Xerox, etc. have also occupied spaces in developed & developing localities of the Gurgaon District. In addition to the above, the Gurgaon is the most desirable destination for properties like residential properties, commercial properties, industrial properties, shop spaces, office spaces, corporate offices, villas, house plots, farm lands, condominiums, hotels, builder floors, rented properties, resorts, apartments, luxury flats, economy flats and the likes. Lastly, the Gurgaon City is emerging as the most lucrative real estate investment hub.