What is the scope of real estate in Gurgaon in the next 10 years?

Gurgaon is one of the leading financial hubs of India and has seen a mushrooming expansion in its real estate market. Being one of the cities with the highest per capita income in the country, Gurgaon has no dearth of opportunities for a real estate investor.

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 10 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.

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. All About Gurgaon

Over the next 10 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.

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