Considered to be one of the leading industrial and financial center of the country- Gurgaon is a city that is located 32 kilometers away from New Delhi. Situated in the NCR (National Capital Region) near New Delhi, the city has witnessed brisk development. Cited to be one of the most preferred residential destination, many reputed real estate players are now creating extraordinary living space. Although the city is undergoing a turmoil due to lack of infrastructure new projects in Gurgaon are offering round the clock civic amenities thereby luring many potential home buyers.
According to recent reports, properties in Gurgaon have appreciated over 30% in the past one year. The real estate scene has revived from its stagnant stage and the market is currently brimming with construction activities. While the construction delays pushed home buyers to postpone their decision to buy homes, the current scenario is offering the perfect opportunity to individuals to buy their dream home. In a span of just one year, the market has show signs of recovery and for over 50 home buyers, there are over 100 homes available. Residential apartments in Gurgaon range from affordable to mid-segment to even ultra-luxurious homes. The constant demand for all of these sectors have resulted in abundant supply of housing units. Renowned real estate developers have created a number of residential projects that has given the home buyers the bargaining power.
Cited to be one of the best times to invest in the real estate market there is an inherit demand for bigger homes. While more than 50% of ready to occupy 3 BHK homes are available, 25% of 4 BHK flats are ready to be handed over. The insurgence of IT/ITes sector is improving the realty market, many working professionals are now attracted towards investing in affordable homes while the middle-income class group is targeting the mid-segment. A number of new projects in Gurgaon have mushroomed along the southern peripheral road that leads to National Highway 8. This stretch not only provides great connectivity towards cities like Manesar and Dwarka but it will also become one of the most sought after locality as its surrounded by developed sectors like Sector 70, Sector 78 and Golf Course Extension.
In just a span of one year capital values of apartments along the National Highway 8 have seen an appreciation of 15%. While the year 2013 recorded an average of Rs 5,900 per square feet, the following year saw a hike of Rs 1,000 ensuring that the current prices fall under the average of Rs 6,900 per square feet. Apart from NH 8, residential projects in Gurgaon along the Dwarka Expressway have seen a constant demand. Property prices along this stretch have increased over 42% in the past two years. Strategic location, great connectivity and top notch amenities are some of the factors that are pushing capital values of homes here. The ongoing rates for apartments in Dwarka Expressway are estimated to hover anywhere between Rs 5,300 and 5,600 per square feet.
So for all those home buyers who have postponed their decision to purchase a property, buying a property now is a safe bet.
According to recent reports, properties in Gurgaon have appreciated over 30% in the past one year. The real estate scene has revived from its stagnant stage and the market is currently brimming with construction activities. While the construction delays pushed home buyers to postpone their decision to buy homes, the current scenario is offering the perfect opportunity to individuals to buy their dream home. In a span of just one year, the market has show signs of recovery and for over 50 home buyers, there are over 100 homes available. Residential apartments in Gurgaon range from affordable to mid-segment to even ultra-luxurious homes. The constant demand for all of these sectors have resulted in abundant supply of housing units. Renowned real estate developers have created a number of residential projects that has given the home buyers the bargaining power.
Cited to be one of the best times to invest in the real estate market there is an inherit demand for bigger homes. While more than 50% of ready to occupy 3 BHK homes are available, 25% of 4 BHK flats are ready to be handed over. The insurgence of IT/ITes sector is improving the realty market, many working professionals are now attracted towards investing in affordable homes while the middle-income class group is targeting the mid-segment. A number of new projects in Gurgaon have mushroomed along the southern peripheral road that leads to National Highway 8. This stretch not only provides great connectivity towards cities like Manesar and Dwarka but it will also become one of the most sought after locality as its surrounded by developed sectors like Sector 70, Sector 78 and Golf Course Extension.
In just a span of one year capital values of apartments along the National Highway 8 have seen an appreciation of 15%. While the year 2013 recorded an average of Rs 5,900 per square feet, the following year saw a hike of Rs 1,000 ensuring that the current prices fall under the average of Rs 6,900 per square feet. Apart from NH 8, residential projects in Gurgaon along the Dwarka Expressway have seen a constant demand. Property prices along this stretch have increased over 42% in the past two years. Strategic location, great connectivity and top notch amenities are some of the factors that are pushing capital values of homes here. The ongoing rates for apartments in Dwarka Expressway are estimated to hover anywhere between Rs 5,300 and 5,600 per square feet.
So for all those home buyers who have postponed their decision to purchase a property, buying a property now is a safe bet.
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