Articles

Gurgaon Real Estate - What is Future Scope of Real Estate in Gurgaon in The Next 20 Years?

by Sahil Khan Real Estate Industry

Gurgaon Real Estate - One of India's top financial centres, Gurgaon has experienced exponential growth in the real estate market. Gurgaon offers lots of good options for a real estate investor being one of the cities with the highest per capita incomes in the country.

The road ahead for Gurgaon Real Estate - Growth Drivers

         ·            Demographics

Gurgaon is one of the cities with the highest per capita income in the country. The city now has around 15% of its population below 6 years (according to the 2011 Census). In the next 20 years, this segment will contribute to the workforce of the city. Delhi being a noted educational hub also attracts the younger demographics into Gurgaon. This workforce will likely drive residential Real Estate in Gurgaon and the adjoining areas.

         ·            Gurgaon 2.0

The Haryana government has proposed a plan for molding the dream city of Gurgaon. The government has proposed a project across Gurgaon, Rewari, and Mewat. These projects will be a major step towards urban planning and development of the district. It not only promises increased job opportunities but also considerations to accommodate the rising residential demands in the area. This new area is already a realtor's favorite and has earned it the name New Gurgaon as it mirrors Gurgaon's explosive growth.

         ·            Transit

As the connectivity improves, farther places become closer. Gurgaon is already connected to the yellow line of Delhi Metro. Gurgaon also had a privately run rapid metro which was taken over by Delhi metro last year.

Over the next 20 years, Gurgaon is likely to develop tremendously, setting a model for the country's developmental aspirations. Unlike Delhi, Gurgaon is free from leasehold property hassles. This will allow for the free trade of properties within Gurgaon. Delhi is still bound by hurdles of the DDA law that hinders the free trade of real assets. This will direct the investors to Gurgaon.

The Real Estate Market in Gurgaon is touted to strive over the next years, while more adjoining areas will also see a spike in demand. Investing in Gurgaon's real estate is a safe bet, irrespective of whether you choose to live in the city or not.

 

Hope that answers your question :) In case of any further queries, please leave a comment below!


Sponsor Ads


About Sahil Khan Innovator   Real Estate Industry

11 connections, 0 recommendations, 67 honor points.
Joined APSense since, May 23rd, 2022, From Gurgaon, India.

Created on Jul 20th 2022 01:26. Viewed 72 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.