Gurgaon, the commercial hub of India, is one of the most developed cities in the country. Over the last decade, Gurgaon has seen some of the major upswings in its real estate market. https://www.shreekrishnabuilder.com The prices of the commercial as well as residential properties are on a high on a regular basis. Moreover, the close proximity of the city to the airport has also give an edge to Gurgaon over the other major cities in India.
Why Property Rates are High in Gurgaon?
The property rates of Gurgaon are much higher as compared to other cities of India. This is due to the set up of innumerable industries and multi-national companies in Gurgaon. These firms need commercial properties in order to set up their offices in the city. This has resulted in the price hike of commercial properties. People from all over the country live in Gurgaon to work in these companies. Due to this, there is also an increased demand regarding the residential properties, which include flats, apartments, and condos.
A Profitable Residential Investment
Although there is constant increase in Gurgaon properties; more and more people are continuously investing in these properties. It has been analyzed that the value of Gurgaon Property is likely to increase by 15-20% in the next few years. The availability of good accommodation and the qualitative construction of these houses had made Gurgaon the hottest suburb for investment purposes.
Emergence of Many Luxurious Accommodations
Since 2004-05, many luxurious segments with all modern amenities are being offered to the customers. These include MGF Vilas, DLF’s Aralias, Aralias II, Unitech Larma Lakelands, DLF’s Magnolia, and Ambience Caitriona. There are also some middle and high-end budget projects planned at Sohna Road, Old Gurgaon Road, MG Road, and Golf Course Road. The projects built around the golf course area are constructed as high-end apartments and villas. These accommodations are expected to start from the price range of USD one million dollars.
Properties for Middle Class Segment