Gurgaon Leading Commercial & Residential Hub

Posted by gauravjr12 on August 26th, 2015

Are you ready to buy an apartment but confused which city is the best? Are you ready to invest your hard earned money but confused which city is the best one? Welcome to swanky Gurgaon, a city located in National Capital Region (NCR).

Gurgaon came into existence in order to meet the needs of home buyers. In other words, the scarcity of land in Delhi has triggered the rapid growth of real estate in Swanky Gurgaon. The city is a leading industrial and financial city of the country. Closer to national Capital-New Delhi, it is located in the state of Haryana.

Real estate Gurgaon has grown at a rapid pace and has witnessed a lot of infrastructure developments over the last decade. Buying Property in Gurgaon is a best option if your office is located in the same city. It is also one of the best options for investors. You may invest in commercial property and fetch great returns. And, same is true with the residential property.

More than 250 Fortune 500 companies have set up their offices in this beautiful city. This city started its journey to growth, when Maruti Suzuki India Limited – a Giant Indian automobile manufacturer set up its operations plant in the 1970's.

Gurgaon continues to attract Indian and MNCs companies due to its high-value commercial centres. It is cool option for both - living and investment purpose. A city with excellent metro connectivity, superior infrastructure, recreational spots, residential and commercial skyscrapers. The city has DLF golf course for golf lovers. Yes, you will find huge number of high quality residential and world class commercial projects around the city. It is a perfect place to work, live and play. It is one of the preferable option for living in the laps of greenery.

Earlier, the utilities like roads, water and sewage lines were not upto the mark. But, now the things have changed dramatically. The property prices in Gurgaon have is zooming and needs some correction (reduction in rates). The governor of the Reserve Bank of India (RBI) -Raghuram Rajan asked realty developers to bring down the high realty prices. And, thus this will lead to high sales of properties as investors or end users will be keen to invest their money/ buy houses.

He said today (20 August 2015): "It would be a "great help" if realty developers sitting on unsold stock bring down prices…Once the prices stabilize, more people will be keen to buy houses."

"I think we need the market to clear. With growing unsold stock, we need to see the ways to do it. Some of it might be by making loans easier, but we also don't want to create a situation where prices stay high at the level which means demand can't pick up," he added.

It seems property wallas (Developers) may cut the rates, bringing correction in high realty prices. This will bring smiles to the face of potential investors and home buyers. This may bring cheerful moments for buyers. Let us see, I'm keeping finger crossed.