Gurgaon Property a Promising Niche and Premium Real Estate Destination

by Pradeep Kumar Digital Marketing

Gurgaon is the most encouraging destination that promises high returns as the property prices in Gurgaon has appreciated in the range of 35-45 percent according to a research. It seems that the city has been able to hold the momentum in spite of the overall fall in property transactions in the past year. Gurgaon Sohna road is much sought in demand by property seekers and investors as this location has the biggest advantage of its connectivity with NH 8. Gurgaon Sohna Road locality has picked up steam; a number of developers have set foot in the arena.

Growing demand

After the entry of real estate leaders on Sohna road and the development of residential and commercial projects in Gurgaon have transformed the city into one of the most sought property destinations. With fast paced real estate development and the growing interest of property owners have made this location an obvious choice among buyers.

Prices

The prices have reached to its maximum of 100 percent appreciation in comparison to the launched prices three years ago. The prices have doubled now in comparison of the last two years, ongoing residential prices range from Rs 2800 to Rs 4200 per sq. ft. The prices of commercial properties are also witnessing an increase, office space price ranges between Rs. 5000 to Rs. 6000 per sq. ft.

Infrastructure tale

A number of real estate leaders like Parsvnath Developers, Vipul Infrastructure Developers, Unitech Developers are in the queue. Other factors that make the location a fetching property is its proximity to Delhi and Gurgaon. The new master plan of Gurgaon property leads to more planned advancement and the land is available for all kind real estate development. Areas like sector 57 of Gurgaon are in proximity with NH-8 and this road further joins with MG Road.

Prospects and the Points to consider

Developers are offering world class facilities to the buyers like clubs, recreation and healthcare centers, shopping arenas, open parks, schools, gym, etc. are available within the project that grab the attention of buyers. In the coming years, property in Gurgaon is going to expect a capital appreciation of 40 percent to 50 percent; various initiatives have been planned by HUDA that promises boost in the real estate enthusiasm.

Key Attractions

Proposed Metro Rail will connect Manesar to Gurgaon as well as other parts of the city. Project offerings are better than the older projects.