Gurgaon-new Growth Corridors

By: George Gonigal

Haryana Urban Development Authority (HUDA) new tax policy of improving city infrastructure and the need of a business center close to International Airport has once again opened new channels of investment in Gurgaon real estate. City is emerging as one of the most prominent outsourcing and offshoring hubs in South Asia. New industrial Areas have been planned near the existing IMT Manesar and many new HUDA projects are in pipeline.

Gurgaon is stretching its borders to accommodate new residential, commercial and industrial projects. At present, Gurgaon covers 8000 hectares of land which is going to expand to 14000 acres as per new master plan 2021.

Realty majors such as Unitech, Vatika, Raheja, DLF, N R Buildcon have already acquired lands in Gurgaon Manesar Expressway to develop their townships. For examples DLF Homes has launched a new residential project in Gurgaon, located near IMT Manesar the project will offer 3 - 4 BHK premium apartments.

Media reports suggests, in the last three years the properties capital value in Gurgaon has almost witnessed 60 per cent annual growth. Average monthly rental value for a 2BHK & 3BHK apartments starts at the range of around Rs 6,000 to Rs 20,000 per month.

Henceforth Gurgaon has emerged as a favored residential destination for all. Gurgaon upcoming real estate projects have Greenery, tranquility, spaciousness as well as availability of modern facilities ranging from sprawling shopping malls and recreational centers to state of the art Hospitals.

Besides, social infrastructure is also developing a fast pace in the city. A changing skyline in the distant horizon has become synonymous with Gurgaon. With the new provisions from HUDA, Gurgaon is going to make it all happen and real estate market is going to flourish.

For more details on Gurgaon Property, log on to magicbricks.com

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