Estate in Gurgaon
Gurgaon, the suburban neighbourhood of Delhi will continue
to remain the scene of much of the real estate action in the
next three years. Easy availability of quality housing
at affordable prices and the quality of construction will make Gurgaon investment-worthy. Gurgaon, in fact, counts
as the hottest suburb to invest in.
Property value in Gurgaon is likely to appreciate 10-15
per cent a year for the next few years. Gurgaon has reshaped
the Indian realty sector as it has pioneered the emergence
of luxury segment in India during 2004-05
with the launch of DLF's Aralias; Aralias II; MGF Vilas; DLF's
Magnolia and lately Ambience Caitriona and Unitech Karma Lakelands. These high
end projects offer 4-5 bedrooms, central air-conditioning
luxury apartments with lavish specifications and all the modern
amenities for client satisfaction.
This trend of elite dwelling has also refurnished the need
for purchases in Gurgaon real estate in to function as a weekend
home. To fulfill the mounting demand of Gurgaon properties,
many well renowned real estate developers have initiated the
construction of new projects consisting of both middle and
high-end budget projects at Gurgaon Sohna Road, MG Road, Old
Gurgaon Road and Golf Course Road. Out of which Sohna Road and Golf course road are seeing most of the action with new projects like The Palm Drive and The Palm Springs by Emaar MGF, Belgravia at Central park 2 and Raisina by Tata Housing coming up here.
Residential dwellings built around a golf course are the latest buzzword in the super-premium housing segment of the Indian realty industry, estimated at $15 billion and growing at 35 per cent annually. Developers are going all out to create high end apartments and villas in golf centric communities and selling these projects by invitation only. These premium projects do not come cheap with prices starting from USD 1 million onwards.
Apart from expensive dwellings and state-of-the-art office
spaces, the city also offers a wide range of residential
properties for middle class segment. This segment
of residential apartments builds the base for the mass ongoing
constructions in Gurgaon. DLF has recently launched "New Town Heights" and Vatika limited has come up with "Vatika India Next" for the mid budget home buyer. Amongst the upcoming projects that are to be launched in Gurgaon, Gurgaon One Sector 84 looks very promising. Due to its proximity to south Delhi,
the city will further enhance its position as a world class
real estate destination for investors of India and abroad
as connectivity to the international airport gives Gurgaon,
a vital edge over other cities in the NCR.
Gurgaon excels as the investor's destination in comparison to other cities mainly because of the quality
constructions and innovative additions to the home buyer's
favor. As a competitive market evolves in Gurgaon mainly at
the behest of the developers, who are trying to build a consumer
base by providing investors with lucrative options in residential
as well as commercial properties in Gurgaon. Gurgaon, in fact,
counts as one of the hottest cities in India to invest in.
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