Gurgaon can be called with
assurance hotspot property in India. Such an epithet
is ascribable to the place due to the estimated level of property appreciation
to which this corporate hub has risen since two decades. This place had been a
ubiquitous, faceless sort of Indian rural stretch a couple decennia back.
During this period, due to a host of contributory causes, this little known
village has been catapulted to prominence in the business map of corporate
India. Arguably, Gurgaon is the city with the highest concentration of
multi-national corporate offices in India. The city is poised for fast
development and it is the fastest growing metro center in India. The host of
BPO, IT and software companies along with other business establishments and
entities have attracted a huge population of workforce from India and abroad.
This has catalyzed the commercialization of the city and which in turn created
higher demand for both commercial and industrial properties.
In resonance with its image of
being the primary property hotspot in India, Gurgaon is slated to further
growth momentum with the Haryana Government earmarking Rs.776 crore for Gurgaon
development. It is as part the project to develop the city to international
standards within next three years. As part of the growth plans, the city is to
have world-class healthcare infrastructure with Artemis and PGIMER
institutions. This will add further impetus to the growth pace this commercial
stretch has acquired for several years. There has been sophisticated
infrastructure development in the transportation sector in this region in
recent times. This has all the more enhanced the appreciation of property and
it necessitated Gurgaon becoming the property hotspot in India.
Increased infrastructure
development is one of the prime reasons for making Gurgaon Property,one of the
hotspots in India. The Delhi-Gurgaon expressway is a milestone in the
transportation infrastructure in the region.Another major component is the
Delhi-Jaipur National Highway. The Delhi-Gurgaon Metro Rail and the proposed
Gurgaon Metro Rail have added much to the transportation facilities and the
region has become much more accessible and this in turn has helped in Gurgoan
becoming the property hotspot in India. In
fact, barring the recent recession, there has been an incessant appreciation in
Gurgaon property prices for long. Over all, on an average there has been an
annual increase of 20% to 25% in property prices for the last decade or so.
This continuous increase in property prices is noticeable in the commercial as
well as residential properties. Independent
villas, apartments, club houses, luxury flats, condominiums, shop
spaces,industrial spaces, corporate office spaces, house plots, etc. have seen
an ever-increasing appreciation for long.
