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.