Property Prices and Trends in Gurgaon
Feb18

Property Prices and Trends in Gurgaon

Gurgaon has been a serious competitor in the Real Estate market for some time now. With the booming infrastructure the “Millennium City” has a slew of high-end and mid-level projects, which has given a stiff competition to affordable housing area of NOIDA. Gurgaon saw an escalation in the demand for residential properties in 2014, yet the property prices in Guragon remained at lukewarm levels, with a 4.5% increase in the property cost over the duration of 3 months. Interestingly, when different project launches were fizzled in Delhi-NCR region, did Gurgaon witness a small hike in the prices. How was the year 2014 for Gurgaon’s Realty Sector? The purchasing percentage in Gurgaon may have slowed down, but it is still one of the highly favored destinations in the country. It has the lowest unsold residential and commercial inventories. Despite a lower demand in the residential segment, the property prices are witnessing an upward trend here. In 2014, Guragon witnessed fewer launches, as prominent developers like DLF and Unitech continued their hard efforts in clearing their unsold inventory. The lower number of project launches indicated that the housing demand was not adequately met, which led to an escalation in property prices. Since Gurgaon only started as a serious rival in real estate markets two decades ago, it has done well for itself, with multinational companies erecting their offices here. The infrastructure of the “Millennium City” has drastically improved, paving way for advanced and eco-friendly residential and commercial projects to be built. This city has witnessed the development in the truest sense, with grand villas as well as affordable apartments being built under different Construction companies. Today, the builders in Gurgaon have sensed the strong need for housing and are launching affordable apartments for the blue-collared workers. They have taken thoughtful measures to keep the property prices nominal for rapid growth and urbanization of this city. Nonetheless, a few developers saw Gurgaon as a gold mine and began constructing projects hoping to cash in on the money over night but have sadly failed. With a hike in the property prices in Guragon, buyers and investors began to shift their focus in affordable areas of Delhi-NCR, such as NOIDA and Ghaziabad. If Gurgaon must thrive, the builders must understand the importance of offering “affordable” housing. Infrastructural Development However it can be seen that many developers have kept a cool head and are still developing houses for an affordable price tag. For instance, DLF is one of the major real estate developers in India that has set out to construct a township in Guragon that offers apartments and gated community independent houses at highly...

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10 Investment Planning Tips in Gurgaon Realty
Feb10

10 Investment Planning Tips in Gurgaon Realty

Gurgaon has been a well known spot for real estate for some time now. It has one of the most booming real estate markets in Delhi-NCR. The “Millennium City” offers a plethora of residential and commercial projects as per the buyer’s budget. For a strategic investment in Delhi-NCR region, Gurgaon realty is the top destination, with options ranging from luxurious villa or a spacious yet affordable apartment, here. But, you need to make a wise buying decision and here’s how. Investment Tip 1: Areas that will reap good Returns on Investments (ROIs) Although Gurgaon realty as a whole offers unique and lucrative investment opportunities for buyers and investors, yet there are a few areas in the “Millennium City” that will offer a higher ROI. These localities include Golf Course Extension Road, Dwarka Expressway, and Southern Peripheral Road that offer Smart Townships for housing both residential and commercial properties. The Southern Peripheral Road in particular has had a booming real estate market for the past few years with newer projects rapidly emerging. Patatudi Road is yet another great hot spot in Gurgaon, with bright investment prospects. This area is linked with the Dwarka Expressway and thus commuting to and fro Delhi-NCR is not a challenge. The Dwarka Expressway is another great option for affordable housing segment. It shares its proximity with the Indira Gandhi Internal Airport (IGI) and Gurgaon, and thus the transport system here is good, with public transport plying in every few minutes. Gurgaon realty is an upcoming hub for multi-national companies and IT, and thus several reputed developers can be found here with their top-notch residential and commercial projects. Buyers and investors can buy good residential or commercial property that promises good ROI. Investment Tip 2: The First Time Buyer First time buyers should research well before purchasing a property in Gurgaon, else the chance of getting scammed is high. Here’s a story to ponder over. A few investors had booked a 1,000 sq feet office space in a renowned commercial area, only to be disappointed in the coming times. They had paid an enrolment fee of Rs.2 Lakhs for the space in 2010, and were told that they would get a launch price of Rs. 40 Lakhs when the project would finish. However, the project didn’t take off for more than a year and the builder kept reassuring the investors, their investment had risen in great value. But, investors had doubts and wanted to pull out after 2 years of long wait, but they had signed up a bond with the investor, which would prevent them from receiving the maturity amount of Rs. 40 Lakhs. Later...

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Gurgaon: A Rising Star in Delhi-NCR Real Estate
Feb02

Gurgaon: A Rising Star in Delhi-NCR Real Estate

According to the industry experts, Delhi-NCR real estate, with its business opportunities and economic development has remained the top choice among real estate investors for some time now. Spread across approximately 34144 km². It includes National Capital Territory (NCT) Delhi with selected areas of neighboring Rajasthan, Haryana, and Uttar Pradesh. Key micro-markets among these are NOIDA towards the east and Gurgaon towards the south. Location proximity to Delhi, enhanced connectivity, talent pool, and land availability has inspired both international and local businesses to establish their offices in this region, thus initiating real estate development in return. Gurgaon Realty a Front-Runner Information and Credit Rating Agency of India (ICRA) researches indicate that New Gurgaon and Golf Course Ext. Road remain highly active when it comes to micro-markets in the Delhi-NCR real estate. In the recent times, Gurgaon market has witnessed maximum number of launches. Total development area here was 66.1 1 million sq ft as per March 2014 results. Of this, 40.7% land area is from New Gurgaon and 31.6% from Golf Course Ext. Road. DLF Societies: Over the years, the city has witnessed a consistent rise in the number of DLF Societies. This Includes DLF City, Phase II, Phase III, and Phase V. According to the recent statistics, DLF City and Phase II witnessed 108% and 105% capital value rise respectively in 2014 Q4 compared to 2010 Q4. Availability of various recreational options and better infrastructure may be spurring on growth here when compared to the other parts of Millennium City. Golf Course Ext. Road: This is no doubt is the jugular vein here! The DLF redevelopment scheme is all set to make this road among the best in India. Plans are there to link it to Cyber City via 16-lane corridor. It is home to approximately 40 or 50 housing projects. So it’s no wonder that it has shown a 103% increase from 2010 two 2014 quarter to quarter. Besides the new developments, old locations in the Delhi-NCR real estate region has also shown substantial real estate growth with Metro connectivity and improved road infrastructure with a slew of residential projects both ready and in the offing. The main real estate development is concentrated in such localities as Palam Vihar, IMT Maneswar, Sector 106, South Peripheral Road, with Sectors 69-92. A.   Palam Vihar: This region has witnessed a 133% increase in 2014 Q4 to 2010 Q4. Being Old Gurgaon locality, it boasts of lower base rates at, Rs. 3000/square feet in the beginning with an increase in capital appreciation values parallel to the overall growth here. Great connectivity with Jaipur and Delhi, with improved infrastructure, and Metro availability...

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Dwarka Expressway: New Destination for Realty Investors
Jan08

Dwarka Expressway: New Destination for Realty Investors

The traditional favorite markets for real estate investment in Delhi NCR is still alive and kicking, as is clear from the interest of the builders, investors, and the buyers in these micro markets. According to industry reports, NOIDA-Greater NOIDA and Gurgaon have been giving consistent returns for previous 20 years and have remained growth engines for realty development in Delhi NCR. In Gurgaon sub micro-markets consisting of Dwarka Expressway, Sohna Road, and Sectors along NH 8 from Sector 76 to Sector and 95 are particularly the emerging hubs for real estate. The reasons for this being, Slew of upcoming infrastructural projects Large developable land availability Comparative low property prices Dwarka Expressway Dwarka – Gurgaon Expressway or the North Peripheral Road (NPR) is a project under the Haryana Urban Development Authority (HUDA). This new link is to connect Dwarka to Gurgaon via 150 m wide, 8-lane Expressway, which starts in Dwarka, Delhi and connects Gurgaon’s Palam Vihar to join NH8. The aim behind this massive development project is to ease the traffic on Delhi-Jaipur Highway. Out of the overall 18 km stretch, almost 15 km is near completion with first 14 km ready for use. As the last of the lingering bottlenecks to the development already clear, the authorities are hopeful to complete the rest by 2015. This is the widest ever State Government project at 150 meters, which connects National Highway 8 on Kherki Daula, going on to Dwarka. Of the total land area, 630 acres required for overall project development, the government has already acquired 600 acres with the acquirement of the rest in the offing. Traditionally, responsibility of major road construction lies with the government. However, in this case, developers under Credai-NCR umbrella are every step of the way with State Government for speeding up construction. Why is it the hotbed for real estate activities? First, the Dwarka Expressway is going to improve the connectivity between Delhi and Gurgaon significantly. Second, it offers a faster access to the Indira Gandhi International airport than ever before. Also, it boasts of proximity to the railway station, proposed Metro Corridor, and upcoming diplomatic enclave at Dwarka. In tandem with this development, people can expect better infrastructural growth and real estate options at affordable prices. That’s where the main interest of the investors lies. Sectors along this Expressway are going to be perfectly planned, contemporary and premium urban areas as per Master Plan-2021, Gurgaon. These are to be posh developments, posing strong competition to well-developed areas like Vasant Vihar and Shanti Niketan and by all indications lifestyles here will surely surpass ordinary! The expressway has opened avenues for urban and commercial...

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Growth of Residential Properties in Gurgaon
Nov13

Growth of Residential Properties in Gurgaon

Gurgaon is a district that falls under the jurisdiction of Haryana, and is located in the National Capital Region (NCR) near the Indian capital New Delhi. It is slightly over 30 km south-west of New Delhi. It is one of the fastest and leading growing commercial and trade center in the country which is showing huge potentiality to offer high standard living condition to the residents with being the third highest per capita income city of the country. It has also been renamed as the Millennium City of the country. The economic development of the city started with the opening of a manufacturing plant by one of the leading Indian Automobile Manufacturing Companies. It is capable to provide, with the rapid urbanization it is undergoing and the impressive number of top notch companies opening their offices in this part of the country, ample job opportunities to the people around the nation. Young professionals are getting attracted to this city due to its growth prospects and other detrimental factors influencing the modern lifestyle it can provide. Revolutionary urbanization and impressive industrial growth have resulted in 73.9% increase in its total population in the last 10 years. Gurgaon is divided into 36 wards with each wards further divided into blocks. The housing type of the city consists mainly of single-family detached homes, multi-dwelling units like apartments, condominiums and high rise residential towers are getting huge popularity and greater attention as many students and young professionals generally are the most prominent population of this modern city. The IT Companies, BPOs and the several MNCs are helping the city attract huge manpower from across the country who in turn are showing great interest in settling on a permanent basis in this promising city full of life and fun. Residential properties too are not just getting rented but fruitfully bought to mark their existence in Gugaon. Gurgaon real estate property dealers are showing huge potentiality and great opportunity of getting hands into some really lucrative fields where the residential properties are getting sold like hot chocolate. Several economic developments and quality commercial activities have encouraged and boosted property segment in Gurgaon. This residential segment provides various alluring projects which comprise budget flats, luxury apartments, affordable to expensive ones, low-rise to high rise, condominiums, huge penthouses and villas. This thing have been possible due to the shift of high income group and high profile person to this part of the country with the set up of Its, IITs and other such economically prominent and encouraging commercial establishments. New Gurgaon along the NPR (Northern Peripheral Road) zones enjoys great attention of the property dealers and interested...

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