Gurgaon is without any doubt one of the best property destinations in the Delhi-NCR.
GURGAON: There are many hot realty destinations in Delhi-NCR. Noida and Greater Noida, Gurgaon, Ghaziabad, Faridabad, etc. are some of the most popular property destinations in the NCR. However the most popular one among all these hot destinations is Gurgaon.
A recent report by Bank of America Merrill Lynch report stated that home sales in Gurgaon have fallen in the first quarter of 2013. It adds that home sales have picked up across the subcontinent.
Home sales picked up because builders launched new projects in lucrative prices. Discounts were offered. The situation was all the more boosted by the expected rate cut on home loans.
Though home sales in Gurgaon did not pick up, the property prices are not affected. The lower demand for housing units has, in fact, no effect on the home prices. Prices rose during the period by 4 to 5%.
Compared to other cities, there were only a few launches in the city. This less supply has boosted the investors’ sentiment. All these factors strengthened property prices here.
Most of the top builders concentrated on divesting their unsold inventories. DLF, Unitech, etc. too did not have any new launches in Gurgaon. They too focused on selling off the completed projects.
Though the demand for housing units is low in the ‘Millennium City’, still it is one of the top property destinations.
As per the Merrill Lynch report, Gurgaon has the least number of unsold properties now. It adds that the city will remain one of the most prominent cities in India.
Along with the rising number of end-users and investors, property prices are shooting up. Thus it remains one of the best investment options. Increasing value appreciation of Gurgaon is far better than any other NCR cities. So in short we see that Gurgaon outperforms all NCR cities including Noida.