Many factors and features of Gurgaon make it the best option for the investment. Recent trends show that real estate is the top rated form of investment. The lower interest rates of bank deposits and uncertainty and greater risks of share investments turn the attraction of people to real estate investment. Real estate investment stands ahead of other forms of investment. Real estate investment is getting more popularity and more amount is being invested in real estate. Decreasing number of plots and increasing demand assure the investors that the price never goes down. Real estate as a whole witnessed a steady growth all over the world and India. Among the fast developing real estate sectors in India Gurgaon remained the fastest growing and the best option for real estate investment.
Reasons behind Gurgaon’s Real Estate Growth
- Sufficient land and plots available for the construction of commercial and residential buildings.
- Close connectivity and proximity to Delhi.
- Closeness to Indira Gandhi International Airport.
- BPO services.
- Boom in renting properties: both residential and commercial.
- Increased demand for commercial and industrial property by the big corporates and MNCs.
- Growth of IT and ITES sector.
- Greater job opportunities.
Gurgaon Real Estate witnessed a tremendous growth in the real estate sector and it turns out to be the hottest and prime spot for the real estate in India. Comparing even to the National Capital Region (NCR) of Delhi and other Metropolitan cities, Gurgaon Real Estate, a suburban Real Estate, had showed greater rate of growth. Buying a home in Gurgaon is so costly now. The property rates are rocketing and the increasing number of job opportunities makes the land more attractive and fascinating. There is no growth if there is no growth of industry and other service sectors. The situation shows that Gurgaon is capable of providing ample jobs and homes to people. People migrate in search of jobs and this migration leads to the search of homes close by. The well -built MNC base of Gurgaon assures that the suburb will continue to boom in the RE industry as it is able to satisfy all “job seekers” of various professions. This secured future of multi professional jobs in Gurgaon acts as the most decisive factor of Gurgaon’s Real Estate growth. This has enabled it to remain as the hottest and prime spot for real estate investment for more than a couple of years and still it continues.
Industrial growth really helped Gurgaon to grow magnificently. Industrial growth of Gurgaon registered a mammoth 40% of growth rate where the national industrial growth rate is only 28%.This is the reason why Gurgaon is called the “Millennium City” or “India’s Singapore.” The growth Gurgaon achieved in all the spheres makes it a perfect example to be followed. The prime location of Gurgaon on the Delhi – Jaipur NH, its close proximity to the Indira Gandhi Airport and the National Capital, well developed infrastructure like roads, electricity, communication networks, etc. make it one among the most suitable places to live and for real estate investment.
A large number of apartments and homes are being built in Gurgaon by all prominent realty industries like DLF, TATA, MGF, Unitech, etc. It is estimated that around 15 to 20 lacks of residences are to be built up here in an area of around 60000- 65000 hectares (approx. 1.5 lacks acre). This is to meet the growing demand of the people for homes. More than 10,000 Luxury apartments are under construction. Gurgaon Real Estate witnesses a growth rate of around 15 to 25% per year which is expected to be rising in the upcoming years. The properties of Gurgaon achieve a price that is hotter all the more. It holds all things to remain as the hub for all the real estate industry in India. The state – o f- art development of Gurgaon is really praiseworthy and real estate investment has a brighter future here.