The recent realty market surveys are claiming Gurgaon realty as the most promising market of the northern India. The property growth has been enormous in the city with a reported increase of 10% every year or may be more depending on the location.
The city is close to the capital with a well developed connectivity through expressway and metros. The commutation time between the city and the capital is lessened greatly with the onset of metro trains.
The property rates in the city are increasing at a very rapid pace. In fact there is an increase in the rate every month. The property rates are highest amongst all the NCR cities including Noida, Ghaziabad and Faridabad. The Gurgaon real estate has shown a remarkable appreciation as compared to the other NCR cities thus drawing a large number of investors too.
The property rates are still rising with no signs of stopping. Even during the Global recession the real estate Gurgaon remained stable with no fall of property prices. The property market is therefore considered to be a very promising market and is the most lucrative option of investment right now. The properties in some of the locations have shown a growth of 10-12 times the initial cost price.
Investors are thronging the market to buy residential and commercial properties in the city. The development of the city is further expected to increase the rates of the property. The population of Gurgaon is nearly 2 million emphasizing the requirement of the commercial and residential properties in the city.
There are many affordable options of housing coming up in the city. Most of the affordable properties are coming up in far off sectors of Gurgaon such as sector 80, 81, 82, 90, 91, 92, etc. The properties launched in these sectors are a bit cheaper and a lucrative option of investment too. Many investors have purchased properties in the region.
The realty market in Gurgaon is supposed to be the most profitable market where investment is giving assured and high returns. The commercial as well as residential properties are equally profitable propositions of investment in Gurgaon.
Tuesday, November 16, 2010
Wednesday, November 10, 2010
Property rates are showing an upward trend
The realty market in India is constantly witnessing an upward trend in the last few decades. The rates of the properties are increasing in all the sectors of the realty market. The primary reason is the developing phase of the country and a spontaneous growth in all the sectors. The ongoing development in all the fields has a direct impact on the realty market. The realty market is flourishing due to high property demand for various commercials and residential projects.
The Indian developers have a laudable contribution in the development of the leading Indian cities as contemporary towns, for instance the recently developed cities such as satellite city, Noida; millennium city, Gurgaon and high tech capital, Delhi. The builders have adopted international standards of construction to develop many outstanding commercials and residential edifices. The rates of properties in Gurgaon are rising very rapidly.
These high-tech buildings thus developed have a direct impact on the infrastructural development. The infrastructural growth in all the developing cities has speeded increasing the property rates. The development of a residential complex or a commercial center leads to the development of transport, roads, power supply and other civic amenities for the people. Thus the property rates are bound to go up.
Besides the ongoing development, the other major cause of rising property rates is the interest of the foreign investors in the Indian real estate. The tremendous property growth has lured many foreign investors in the Indian market. Many foreign investors have invested in the property in Gurgaon. Global investors and developers have also lead to a stiff competition in the realty industry.
One of the other main reasons of the rising property rates in gurgaon is the inflation in the Indian economy. The construction cost is nearly doubled in the last few years. The cost of the construction materials, accessories and labor has increased to such a level that it is beyond the reach of the common man to build a house.
Owing to the high property rates the best option to own a house is to buy it rather than building it. The trend of constructing a house is declining and the trend of buying a house from the builders and developers projects is the most reasonable way to possess a property these days.
The Indian developers have a laudable contribution in the development of the leading Indian cities as contemporary towns, for instance the recently developed cities such as satellite city, Noida; millennium city, Gurgaon and high tech capital, Delhi. The builders have adopted international standards of construction to develop many outstanding commercials and residential edifices. The rates of properties in Gurgaon are rising very rapidly.
These high-tech buildings thus developed have a direct impact on the infrastructural development. The infrastructural growth in all the developing cities has speeded increasing the property rates. The development of a residential complex or a commercial center leads to the development of transport, roads, power supply and other civic amenities for the people. Thus the property rates are bound to go up.
Besides the ongoing development, the other major cause of rising property rates is the interest of the foreign investors in the Indian real estate. The tremendous property growth has lured many foreign investors in the Indian market. Many foreign investors have invested in the property in Gurgaon. Global investors and developers have also lead to a stiff competition in the realty industry.
One of the other main reasons of the rising property rates in gurgaon is the inflation in the Indian economy. The construction cost is nearly doubled in the last few years. The cost of the construction materials, accessories and labor has increased to such a level that it is beyond the reach of the common man to build a house.
Owing to the high property rates the best option to own a house is to buy it rather than building it. The trend of constructing a house is declining and the trend of buying a house from the builders and developers projects is the most reasonable way to possess a property these days.
Subscribe to:
Posts (Atom)