Real Estate Boom in Gurgaon

By: Bikash1003@yahoo.co.in

Gurgaon district is situated in NCR of Delhi, the capital of India. It is just 10 kms away from Indira Gandhi international airport, Delhi. The district derived its name from the name of guru dronacharya; the village was given as gurudakshina to him by his students; the pandavas and hence it came to be known as guru-gram, which in course of time got distorted to gurgaon. Thus the district has been existence since the times of Mahabharata. The district is surrounded by Delhi & Rajasthan. Gurgaon town is about 32 kms away from New Delhi, the national capital of India. Despite of its existence from the time of pandavas, it was unnoticed from the eyes of big boon builders of India till the last decade. Until very recently, gurgaon was a sleepy town on the outskirts of new delhi. Its potential was quickly recognized after the liberalisation of the indian economy, in the 1990's, because of its proximity to new delhi, and the smart policy initiatives of the haryana government. It was only from last ten years that these big builders gave their huge attention and interest towards gurgaon properties and started converting it into one of the most organized and modern cities of this country. Gurgaon is best known as one of india's most prominent outsourcing and offshoring hubs. The distribution of companies seems heavily skewed towards the non IT services. A plethora of BPOs and KPOs firms dot the cityscape. A few IT and pharmaceutical firms also exist in the city.

Several auto-manufacturing facilities also exist, though they do not dominate the city's economy in the manner they did a decade ago. The outsourcing boom has led to a rapid growth in employment prospects and local wages, leading to a mushrooming of shopping malls, swank restaurants and entertainment facilities. Demand for such lifestyle options is driven by the demographic shift to a younger, more cosmopolitan, more affluent and better educated population. The fast growing population, with increasing purchasing power, has created a huge demand for housing, resulting in escalating property prices in recent years. Real estate gurgaon is in the way to sky in recent years. Today, skyscrapers and modern shopping malls dot the city, which saw a major real estate boom in the late 1990's and post 2000's.

Gurgaon is india's original outsourcing destination, housing major multinationals such as alcatel, hcl technologies, daksh, efunds, agilent, ibm, ge, vertex, american express, keane, siemens and convergys. Other reputed companies such as hitachi metals, coca-cola, pepsi, gsk, hp, gilette, general motors, trinity bpm, nestle niksun have made gurgaon their corporate headquarters. Thousands of professionals have recently made their home in gurgaon. Buy apartments gurgaon in newly constructed colonies and condominiums is hot news these days. The fast growing population has created a huge demand for housing and property prices have escalated in recent years. Not only this, many big builders such as omaxe, dlf and the ansals have built many big residential colonies in gurgaon rsulting in huge shifting of people in this part of ncr and also in rise in rates of properties. Areas such as sushant lok and dlf area are the best locations available in the city not only for accommodation required but also apartments which are required on rent by big companies to provide their employees a company flat resident system. Gurgaon is a peaceful area where crime rate is very low. Those people who have bought properties in this area are fortunate one in term of appreciation of prices, rental income and security. People who have invested here in this city have gained tremendously business wise as well as for personal use

Gurgaon is a city which is trying very hard to shake off its small-town past and embrace modernity and a globalized economy. In the process of building a world-class city, it has become imperative to address the infrastructure issues that plague it. The sustainability of properties in gurgaon growth depends on it. So, come and be the part of this opportunity of being a proud citizen of gurgaon before the prices reach beyond your limits. By doing this you can treasure the pride of owning the most sumptuous property in the most emerging cities, that is gurgaon. Invest or live in the finest properties made by reputed builders such as DLF, Unitech, vipul, vatika, ansals, gesco, eros, and parasvnath etc.

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