Gurgaon a city which is known as
the second IT hub of India after Bangalore, is a prime location for premium
brand malls, MNCs like LinkedIn, Google etc. With so much emerging in Gurgaon
every day, the real estate industry has grown substantially there too. The
prices have gone considerably up even in the time when the real estate industry
in the metropolitan areas of India is not giving very promising returns.
Gurgaon is getting known as the
future hub of real estate in India. With real estate’s prime companies like
Mahindra, DLF etc. investing funds to develop contemporary living in Gurgaon,
value of this city is going to get very high and soon it will be known as the
prime city of India to have a house in.
The current price
trend of Gurgaon areas for this quarter is:
Price Trends
The top 5 areas have shown
positive growth in their buying rates in 2014:
• Sector-31 Gurgaon of 12.96% growth at Rs.
8,250 - 11,950/sq. ft.
• Sector-105 Gurgaon of 11.11% growth for Rs.
4,050 - 5,000/sq. ft.
• Gwal Pahari having 9.04% growth for Rs.
8,100 - 9,400/sq. ft.
• Sector-82 Gurgaon having 7.37% growth for
Rs. 4,500 - 6,000/sq. ft.
• Sector-65 Gurgaon having 5.71% growth for
Rs. 6,850 - 9,150/sq. ft
Many new real estate companies
are coming up with projects to be developed in Gurgaon, with so many new
developments, the price of real estate in this city is only going to rise.
Top Companies launching their Projects in Gurgaon in 2014 and the
coming years
1. Luxury properties are being launched in the
NCR region in the range of Rs 10 crore. For example, villas in Marbella, Emmar
MGF’s next project in Gurgaon, will be costed in the range of Rs 9 to 12 crore.
2. Mahindra Lifespace Developers after announcing
a positive set of earning from the realty space in India have planned a project
in Sector 59 in Gurgaon. According to them, because of the positive market
sentiments, real estate investors in India are optimistic about Gurgaon’s residential
property. Many of the early inquirers are the end users with a family
income in Rs 10 lakh range.
3. Noida centric developer Supertech has
raised $65 Million (Rs 400 Crore) from the Singapore-based real estate company
Xander Group, Supertech’s officials said. The investment has been done for the
forthcoming townships and group housing project of Supertech which will be
based in Sector 79, Gurgaon. The company will make plots, villas and
independent houses in a 140-acre community for an investment of around Rs 1,100
Crore. The project is aligned with the company’s plan to develop projects in
Gurgaon. The developer plans to launch around four to five estates in Gurgaon,
making the focus shift from Noida. The realty firm, which has approximately 90
Million sq ft of area under development, has three schemes: Araville, 48 Canvas
and Hues all to be launched in Gurgaon, with Hues to be the latest in its
Gurgaon portfolio. It is also in discussion with Kotak to elevate Rs 200 crore
for another project that will also be located in Sector 68, Gurgaon.
4. DLF, one of India’s biggest real estate
companies, have announced and launched its new luxury residential houses at
Sector 81, Gurgaon. This project is one of the various related projects all in
the DLF Garden city; a 600 Acre included city project consisting of
residential, entertainment, education, commercial and retail projects in
Sectors 81 to 92 of Gurgaon. The project is within around 23 acres with 85 per
cent open areas. There is going to be 922 flats in 18 towers of 29 floors each.
The cost of these apartments is going to start from Rs 1.66 Crore.
Discounts on houses
A number of brokers are reducing
prices from seven to 15 per cent across the major Indian cities, the highest
discount being offered in Delhi-NCR and Mumbai. At Gurgaon, discounts differ by
location; it falls in the range of seven to 10 per cent. With the back of a
steady government, mixed with high potential of sooner decision making in all
real estate related cases and positive realty reforms, there is a positive
growth seen related to the residential field in sales and launches.
With the option of discounted
price and the big names of the real estate industry developing houses in
Gurgaon, it’s a great time to invest in a residential property there. It’s
expected that the price will grow to multiple times after 2014s main festivals
of Diwali and Id.
A
professional writer and an avid reader, Tripti has been in the writing industry
for 2 years now. Her work ranges from articles on property to education and
employment. You can email her on itripti.rai@gmail.com and connect with her on
twitter @itripti
A
professional writer and an avid reader, Tripti has been in the writing industry
for 2 years now. Her work ranges from articles on property to education and
employment. You can email her on itripti.rai@gmail.com and connect with her on
twitter @itripti 
