Why Gurgaon Remains Property Haven?

If you are looking for investing into property projects, few areas can compete with Gurgaon. Despite a recent slowdown, Gurgaon continues to hold the top spot in the NCR property market. For anyone looking for healthy returns, buying property in Gurgaon has many advantages over other areas in the NCR.

Long-term Gains

The property market has seen a slump in recent times. Many big developers are slowing down on new projects. Instead they are now opting to offload inventory. This has brought about a temporary drop in prices. In other words, it means that if you buy property today, you may get it at a lower rate. Gurgaon is home to a number of very high end properties. Many premium developers have come up with projects that follow international trends. The peripheral areas, on the other hand, offer more affordable housing options.

Encouraging signs

Despite the current slump, Gurgaon is far from being an inactive market. It has high absorption rates and a healthy development index. In fact, unsold inventory in this satellite city is the lowest among tier I cities of the country. This means that as an investor you are assured of healthy returns.

Premier projects

Gurgaon, described as the Millennium City, is today a glittering, snazzy and high-paced city. It is home to corporate head offices, a glittering strip of swanky malls and a number of high-end residential projects. There is also a healthy support system available with premier hospitals and schools. In facts, Gurgaon is home to some of the country’s most well-known names in these areas.

From a village with a largely agricultural character, Gurgaon’s explosion as a zooming modern city has been well documented. It started as Delhi became overcrowded and industry was pushed out. Gurgaon became the hot destination for industry and corporate bodies. This was followed by big name in residential development. The story of Gurgaon is still evolving and shows no signs of slowing down.

If you are looking for a property in Gurgaon; contact Earth Links. The firm offers one the best portfolios in the city with all the high-end develops on its inventory. It has long experience and an informed insight into the market.

Why Noida is The Most Exciting Property Market Today?

If you are looking for a property in NCR, Noida is perhaps the most promising city to invest in. It has one of the fastest developing realty markets today with a number of prominent developments coming up. Whether you are looking for residential flats in Noida or just an investment, it offers you many exciting opportunities.

Your Guide To Residential Property In Gurgaon

Residential projects in Gurgaon are mushrooming, making it one of the most sought after residential places in India. Here’s why.

Gurgaon is right now the most sought after place for builders in India and their new projects in Gurgaon are coming up at a rapid pace. Be it residential projects in Gurgaon or projects that are creating service apartments in Gurgaon, each and every property is appreciating in terms of prices every day and this is the main reason why Gurgaon manages to score over other places at least in terms of real estate. DLF, Unitech, Ansal, Godrej, MGF, Tata Housing Ltd, EMAAR, Shobha Developers and Parsvanath, the major real estate companies are all developing properties that sell really fast.

With more and more corporate majors shifting their offices from Delhi to Gurgaon, there has been a surge in the requirement for residential property in Gurgaon over the last few years. This has also led to the growth of infrastructure facilities in the place and residential projects in Gurgaon have come up at a furious pace as the city assumed more and more commercial significance. Firstly, its close proximity to India’s capital city, Delhi has added to its advantage. Due to this prime location, both commercialization and urbanization have taken place at a large scale with Gurgaon becoming a brand by itself. The city’s property segment has boomed and this is likely to continue in the foreseeable future.

The need for service apartments in Gurgaon has spiraled because more and more young people are taking up jobs with multinationals that have shifted base here and it is for the housing requirements of their personnel that new projects in Gurgaon have been undertaken by Indian real estate majors. Added to it is the recent availability of Metro connectivity which makes commuting much easier by reducing time and increasing comfort.  The city’s pollution, moreover, is less than Delhi.

More new projects in Gurgaon are expected when the ongoing Gurgaon-Manesar connectivity will be commissioned in 2021. Moreover, once the city is connected to Jaipur by way of the Gurgaon-Jaipur Highway, more and more people are expected to shift and this would require more residential projects in Gurgaon that would certainly include bungalows, residential towers, and complexes as also smaller service apartments in Gurgaon. These would emanate from notable projects like the Millennium City Project that has been undertaken by the Government of Haryana as also buildings that will come up in the Special Economic Zone being set up by Reliance. Even though prices are spiraling, it still makes sense to invest in residential property in Gurgaon because of the much enhanced returns.

In addition, you get properties that are not only well furnished but also provide you with full security, attractive infrastructure like swimming pools, clubs, shopping malls, schools and gyms and grand interiors. For all you know. Your office may be even walking distance from your service apartment in Gurgaon where you live. With the rapid growth of residential projects in Gurgaon, rents are also going up and landlords who have let out their properties are laughing all the way to the bank. In sum, it’s totally a win-win situation for owners of residential property in Gurgaon.

Gurgaon: Spearheading Residential Realty Growth

If you do a quick market survey today, you will learn that private realty prices have catapulted by almost 40% in a year.  You will also find that most of Gurgaon’s residents belong to the middle-income to higher-income bracket resulting in enhanced disposable incomes. These factors have led to several builders, developers, and real estate agencies mushrooming all around to fulfil buyers’ requirements.

As far as specific locations are concerned, a residential property in Gurgaon is demanded greatly around the MGF and DLF malls, the metro stations, IFFCO Chowk, the main golf course, sector 78, the roads leading to Dwarka and Manesar, and all the areas adjoining National Highway 8. The exact price varies greatly depending on the building, area, and facilities offered.

Of course, there are many existing hurdles too. Government clearances have been slow, power and water supply are major issues, and housing loan interest rates are on the higher side. Still, in spite of these challenges, Gurgaon’s real estate industry is predicted to grow speedily.

If you’re on the lookout for residential property in Gurgaon, you’ll be happy to know that the region will have close to 2 lakh private flats and houses available for sale by 2015. It is earnestly hoped that by then infrastructure too will reach world-class levels – just like Gurgaon’s glittering malls!