Development Of Gurgaon Real Estate Market

The real estate India is booming especially in places like Delhi NCR including Gurgaon and Noida along with Mumbai, Kolkata, Bangalore and other major urban centres. Ever since DLF started with its development operations in Gurgaon, the vast barren landscapes over the years have turned into thriving urban localities. The city in fact, boasts of holding world class office spaces and residential complexes of international standard.

Let us take a quick look at some of activities of Gurgaon Real estate market

Gurgaon Real Estate Market Scenario

Since the market is ever expanding, the property values are expected to be rising by 10 to 15 % within the next few years.

The city is the trend setter in the Indian realty industry. The years 2004 and 2005 witnessed the emergence of luxury segment in India with the launching of projects like DLF Aralias; Aralias II; MGF Vilas; DLF Magnolia and very recently Ambience Caitriona and Unitech Karma Lakelands. The high end projects feature centrally air conditioned luxury apartments with 4 plush bedrooms, lavish specifications along with all possible modern amenities.

Gurgaon is also common ground for numerous middle and high end projects. Many of the popular projects are built along the Sohna Road, MG Road, Old Gurgaon Road and Golf Course Road. At present, most of Gurgaon real estate activities are concentrated at the periphery of Sohna Road and the Golf Course Road. Some of the ongoing projects in the location are The Palm Drive and The Palm Springs by Emaar MGF, Belgravia at Central Park 2 and Raisina by Tata Housing.

The super premium realty industry is expected to grow even further. The industry is estimated to be developing in Gurgaon at $15 billion and growing at 35 per cent annually. The prices of the apartments definitely not come cheap as the lowest range is USD 1 million.

Gurgaon is preferred over its counterparts due to its innovative and quality constructions. In order to create a strong consumer base, the developers of Gurgaon focus on offering lucrative options in residential and commercial properties. Within the coming years Gurgaon is soon to be turning into one of India's hot spots for investment.

By: Aadi

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