Thursday 6 March 2014

Gurgaon: Spearheading Residential Realty Growth

If you do a quick market survey today, you will learn that private realty prices have catapulted by almost 40% in a year.  You will also find that most of Gurgaon’s residents belong to the middle-income to higher-income bracket resulting in enhanced disposable incomes. These factors have led to several builders, developers, and real estate agencies mushrooming all around to fulfil buyers’ requirements.

As far as specific locations are concerned, a residential property in Gurgaon is demanded greatly around the MGF and DLF malls, the metro stations, IFFCO Chowk, the main golf course, sector 78, the roads leading to Dwarka and Manesar, and all the areas adjoining National Highway 8. The exact price varies greatly depending on the building, area, and facilities offered.

Of course, there are many existing hurdles too. Government clearances have been slow, power and water supply are major issues, and housing loan interest rates are on the higher side. Still, in spite of these challenges, Gurgaon’s real estate industry is predicted to grow speedily.

If you’re on the lookout for residential property in Gurgaon, you’ll be happy to know that the region will have close to 2 lakh private flats and houses available for sale by 2015. It is earnestly hoped that by then infrastructure too will reach world-class levels – just like Gurgaon’s glittering malls!

No comments:

Post a Comment