Gurgaon Real Estate: a Dream Land

By: George Gonigal

Being one of the fastest growing cities of India, property prices in Gurgaon are at the levels, which most real estate buyers find beyond their reach. If someone wants to buy a house in good localities developed by the likes of DLF, Unitech and Ansals, he really needs to have a deep pocket.

In the other case, you don't have any choice except to buy a property in the upcoming areas of Gurgaon around Sohna road, where at least a property buyer get a house in a moderate range of Rs 25-Rs 35 lakh.
If a buyer has a budget in between Rs 50 lakh and 70 lakh, he can get an apartment with an area of 1,300-1,800 sq ft with 100% power back up, covered/ open parking and 24x7 security, informed Sumit Arora, a property dealer. He further informed that as per buyers' requirement we also suggest them to buy a flat around Sohna road, where they will get a 1,800-2,200 sq ft property in the same range.

Mahinder Singh, another Gurgaon-based property dealer, says that in the range of Rs 40,00,000 to Rs 50,00,000, a buyer gets a 1,000-1,500 sq ft flat in co-operative societies spread in the sectors of 10a, 9, 40, 45, 46, 55, 56 but the buyer doesn't get amenities such as swimming pool, club, auditorium, which they get from renowned property builders.

Sachin Gupta, an MNC employee, at the other end expressed that it has become almost impossible for a middle class family to buy a house in the NCR, especially in Gurgaon where the property prices have risen so high that you can't afford to buy an inhabitable property. Upcoming destinations like Manesar and Bhiwadi make an option but they are way off from the work place, he comments. A common man's concern indeed.

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