What is The Reasons Behind Stabilization Of Gurgaon Real Estate?

by Anurag Gupta Real Estate Consultant

In today's scenario, Gurgaon is counted amid the leading industrial centers in India because of the presence of MNCs and other companies in profusion. Due to this, a sizable population of Delhi and nearby areas, commute to and fro on daily basis. Has this played a role in stabilizing the real estate of Gurgaon? Yes? No? Can't Say? Do not worry, read on and clear your doubts.

The Key Role Players

If the present day condition of Gurgaon is compared with its previous conditions, there's an assurance that the geography of Gurgaon has been transformed entirely. Previously, Gurgaon was nothing beyond an agricultural land but, gradually things transformed. The land of Gurgaon was sculpted into a noteworthy landscape. Today, there are hundreds of offices, numerous skyscrapers, public gardens, and lavishing residential societies. Here are the names of the key role players unveiled in front of you:-

Ø Seamless Connectivity: Earlier, people were in an opinion that Gurgaon will remain limited till agriculture and bullock carts, but today, it is a home to the latest technology and has well-established transport connections. Gurgaon is connected through roadways, railways, airways, and metro. There are numerous buses that ply on routes heading towards Gurgaon. National Highway-8 connects Gurgaon with Delhi. It also has a strong railway connection. Northern Railway of the Indian Railways operates and manages Gurgaon Railway Station. The intercity rail bridges the gap between Gurgaon and other cities effectively.

The yellow line metro also connects this city with Delhi. The closest metro station for Gurgaon is Huda City Center/Sikandarpur. Many commute through the metro to reach the city of Gurgaon through the yellow line of the metro.

Not mentioning the rapid metro would be an act of injustice. A part of the metro network, rapid metro is the small scale network of metro that operates within boundaries of Gurgaon. It connects to the locations of Sushant Lok and sector 53-56 in Gurgaon. At present, 2 phases of the rapid metro are active and the third one will be operational very soon.

Ø Infrastructure: "So where do you work? Gurgaon. Alright, even my workplace is in this city." One can hear people talking and mentioning Gurgaon in their conversation. Extensively, people from New Delhi and NCR commute to and from Gurgaon as a majority of companies is located there. Whether it is a BPO or the head-quarter, one can spot numerous companies in city and this has been possible only due to the rapid infrastructural development. Gurgaon has burgeoned rapidly and has created a vast number of job opportunities for people. The enlisted companies are based in this company:

    • Apollo tyres
    • BMW India
    • GoIbibo
    • Micromax mobiles
    • Suzuki India

There are more companies located in Gurgaon and have employed sizable residents from Delhi-NCR as their employees.

Ø Healthcare: The healthcare sector plays a major role in the development of a region. No place is considered as developed if it lacks the medicinal and healthcare advancements. Gurgaon is a city that is advanced and equipped with the latest technology in each sector and it includes the healthcare sector as well. The leading hospitals in the country like Max, Medanta Medicity, Fortis, Columbia Asia, Cloud Nine Hospital, and others are situated in this city. These hospitals provide with the world class facilities to all patients.

None would have thought that the city that was stereotyped with the image of an agricultural land will flourish with a great speed. Presently, the city is reckoned amid the mega cities in Northern India due to the factors that are mentioned above. They have played a key role in stabilizing the real estate of Gurgaon.

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About Anurag Gupta Innovator   Real Estate Consultant

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Joined APSense since, December 25th, 2018, From Delhi, India.

Created on Jun 2nd 2020 02:12. Viewed 331 times.


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