Real Estate sector in Gurgaon has seen many positive changes in the last few years. If we look two decades back, Gurgaon used to be small, undeveloped town where agriculture was the main occupation of people. During the end of 80’s, the national capital, New Delhi faced space crunch due to increase in urbanization and industrialization. The need of a satellite city in close to Delhi with lots of undeveloped land became apparent. Gurgaon is located at a distance of just 30 kms from Delhi. The city seemed to be the ideal choice due to its strategic geographical location.
At present, Gurgaon needs no introduction. The city has earned a distinct reputation as major financial and commercial centre of India. If someone visits Gurgaon after a long period of time, then the person would get lost in city’s concrete jungle and may find it difficult to locate his own home. The increase in globalization and heightened commercial activity had a major impact on the growth of Gurgaon real estate sector. Today, many luxurious apartment complexes, beautiful commercial centers, and extraordinary retail ventures are getting constructed in Gurgaon. These properties have attracted the attention of potential buyers from India as well abroad.
According to the recent reports, the properties in Gurgaon are showing persistent appreciation after the economic slowdown. The property reports will increase further in the future. With the large scale industrial development after the recession, various Gurgaon based companies are focusing on their expansion plans and are hiring a large number of employees. This has given rise to the demand of both residential as well as commercial properties in Gurgaon. The real estate developers are all set to cash in on the opportunity by constructing world class commercial as well as residential spaces in Gurgaon. These properties are available in different prices ranges for different customer segments.
Gurgaon real estate growth both in residential as well as commercial properties has been stupendous and bigger boom is perceived here in the coming years. In case, you want to increase your income by investing in real estate, investment in Gurgaon properties can be a wise and profitable move.