Information About Real Estate in Gurgaon

By: Matinez

Gurgaon, the national capital region of India, is remained the place where the scope of real estate business in highly extensive. Easy availability of quality housing at affordable prices and the quality of construction is making Gurgaon investment-worthy. In fact, Gurgaon is considered to be one of the hottest suburbs to make investment in. The value of property in Gurgaon is likely to increase 15-20 per cent annually for the next few years. This city has reshaped the realty sector of India as it has pioneered the emergence of luxury segment during 2004-05 with the launch of DLF's Aralias; Aralias II; MGF Vilas; DLF's Magnolia and lately Ambience Caitriona and Unitech Karma Lakelands. These high-end projects provide 4-5 bedrooms, centrally air-conditioned luxury apartments with lavish specifications and all the modern facilities for customers' satisfaction.

This trend of high-class dwelling has also provided a boost to the need of purchasing in Gurgaon real estate for the purpose of functioning it as a weekend home. To satisfy the rising demand of properties, many renowned real estate developers have made initiatives for the construction of new projects which consist of both middle and high-end budget projects at MG Road, Sohna Road, Golf Course Road and Old Gurgaon Road. Out of which Sohna Road and Golf course road are seeing most of the action with new projects including The Palm Drive and The Palm Springs by Emaar MGF, Belgravia at Central park 2 and Raisina by Tata Housing coming up here.

Residential dwellings built around a golf course are the latest buzzword in the high-premium housing segment of the Indian realty industry, estimated at around $20 billion and growing at nearly 40 per cent a year. Developers are making an all-out effort to create high-end apartments and villas in golf-centric communities and selling these projects by invitation only. These super-premium projects are not available cheaply with price range starting from USD 1 million onwards.

Aside from high-priced dwellings and state-of-the-art office spaces, the city also provides a wide range of residential properties for middle class in gurgaon segment. This segment of residential apartments builds the very foundation for the mass ongoing constructions in Gurgaon. Recently, the DLF has launched "New Town Heights" and Vatika limited has come up with "Vatika India Next" for a section of society who have mid budget for home buying. Owing to its proximity to south Delhi, the city has further enhanced its position as a world-class real estate destination for investors of India and abroad as well as the connectivity to the international airport in Delhi gives Gurgaon a vital edge over other cities in the NCR.

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