Thursday, February 4, 2010

Property Value of Gurgaon in Real Estate Market


“Gurgaon” is being a high tech city of India having very strong share of market in Real Estate Business. This city is having powerful center of different fields i.e. Politics, Social, Cultural and because of this reason most of the people i.e. professionals, entrepreneurs, job seekers etc. get attracted. And all those arrivals are dependent on the city’s infrastructure & take property (s) in Gurgaon. And its property market is growing at extraordinary rate.

As we know that the requirement and demand of Business and Commercial Properties are increasing day by day and Real Estate Market in Gurgaon is becoming & developing more effervescent these days. There are multiple reasons because of those importance of Gurgaon is going up frequently. And very prime and major reason for this importance which is given to Gurgaon is because it’s a capital of India. And on the top of this Gurgaon is turning into a major International Commercial Centre. Being a capital of India and having well connectivity to the Business Locations the commercial worth of Gurgaon has grown up very high in last few years. Further, Commencement of Commonwealth Games 2010 and connectivity of Metro (In Gurgaon & NCR) has further added to the appeal of Property demand in Gurgaon. Gurgaon comes in the list of Top 20 most expensive real estate market of the world.

Rental value of the property in Gurgaon has never faced slowdown whereas the purchasing power of buyers might have faced slowdown in last few years.

The demand of residential accommodations i.e. bunglows, apartments are extraordinary high in major area (south and central Gurgaon) because of the presence of corporate/business sectors. As we know that there is no. of families who are shifting to Gurgaon and they generally opt central or south Gurgaon to buy and because of this supply of property is comparatively less than the demand of it. That’s the very important and major factor which helps to accelerate the property value.

According to an industry survey, Gurgaon real estate is also considered as the superior in the hospitality sector having more than 25 Hotels, with availability of serviced apartments with more than 5000 rooms within next 5 years. And the availability of shopping malls (increasing day by day) in different location s in Gurgaon is also the major cause for the hike in price of property in Gurgaon.get details about New projects in gurgaon.