Gurgaon: Best Property Investment Location in India

Gurgaon is one of the two largest real estate markets in the country, the other one being Mumbai. With a reputation for being an industrial and financial hub, investor interest in the city stays high. In 2011, the Economic Times reported that multinational players the likes of Nokia and Microsoft, along with Intel and Dell, targeted emerging markets as a result of slow to stagnant economic returns in developed markets. For towns such as Gurgaon, this led to hikes in real estate demand for properties in the city’s principal business districts.Three years later, Gurgaon has become known and closely associated with luxury properties and prime real estate. Business Standard reported in December of last year that Gurgaon now has homes that are being sold between the price points of Rs 10 lakh and Rs 20 lakh. For developers, this has added even more shine to the city, inducing many of them to bring up a host of projects aligned with the affordable housing policy found under the Haryana government. Today, Gurgaon is home to the Indian Headquarters of Google, Yahoo and Microsoft, among other conglomerations. 

Location is one of the most handily recognizable reasons for the city’s booming real estate industry. Being a short distance away from national capital region, Delhi, Gurgaon offers a great boon to companies and employees alike. With transportation readily available through well-constructed roads, along with access to the metro, commuters cope with shorter travel times. This, of course, is a huge asset. Shorter travel times—to and from work—often mean greater quality of life for commuters. Companies benefit from the set-up, given that shorter commuting hours allow employees to have more time for everything else in their lives—family, career and even hobbies or extracurricular activities like jogging, swimming, or even taking post-graduate classes in the nearest university or school. All these make for balanced and well-rounded lifestyles which significantly increase happiness and job satisfaction levels of employees. In turn, happy employees generate higher productivity, enabling companies to reach, and even go beyond, performance targets. 

Homeowners and investors alike buy Unitech Flats in Gurgaon for three reasons. The first one is access. Unitech flats are easy to get to via the following: you could either go through Sohna Road or follow the Golf Course Extension road. You might also drive through NH8. The units, too, have easy access to areas of Gurgaon.  The second reason is convenience. Malls, offices as well as hospitals and schools are all well within a stone’s throw away from the units. Getting the kids to school can now be easy. Grocery shopping won’t have to take more than a few short hours any longer. Emergencies that require speedy trips to the hospital—which often spell the difference between saving and losing a life—are now possible. All these add tremendous value to the properties. And the last consideration is the price. According to NDTV Profit, demand for new homes in Gurgaon slowed for the third quarter of 2013. However, this hardly had any effect on residential prices. The report said an average increase of 4.5 percent across projects for over a three-month time frame was observed. 

"Prices of ongoing residential projects in Gurgaon continued to move northwards despite weak macro indicators and slowing demand trends," the report said. However, with a new government now spearheading affairs in Haryana, there are reports of measures being taken to ensure prices in residential properties in Gurgaon stabilize. “To revive faith among buyers, the state government has sought information on specific developers who have been playing truant with customers,” a source said. A consultant added, “The new state government in Haryana has to ensure things now move ahead smoothly, with policy changes and other initiatives required to give a thrust to the sector.” The slow absorption rate in the city, though, did little to affect the city’s ranking as the highest in the whole of India, particularly when taken in comparison with other tier I cities. This speaks of a highly robust market, notes Bank of America. In addition, Gurgaon holds the record for the lowest number of unsold flats in all the country. With these developments in mind, buyers and homeowners now have more reason to set their sights on Gurgaon. 

So, whether you’re eyeing profitable returns on the possible resale of a unit or just looking to buy a home for the long-term, Unitech flats in Gurgaon offer you the best in terms of convenience, accessibility and price. And because it’s Unitech, you know you can trust the credibility of the company. You won’t have to entertain fears that investing in, or buying, a new home would end up in a disaster. With a reputation built on excellence, experience and service, Unitech provides you homes and investments that meet and go beyond your expectations. 

The writer of this article is a real estate consultant and is an expert in the Gurgaon/NCR region he recently recommended to buy Unitech Flats in Gurgaon as part of his independent study on premium home options in the city.