Gurgaon Property Market has Eclipsed the Other Markets in Delhi NCR

Author: joseph

Author: joseph

It is a matter of curious concern that in recent years in Gurgaon property market has eclipsed the other markets in Delhi NCR.Noida is a major centre in the Delhi NCR region chiefly due to the high concentration of multinational corporate offices. This corporate centre is lying at a distance of 15 km form Delhi, in the Uttar Pradesh border.Noida used to be in high appreciation of property value for the last several years. However, in recent times Gurgon properties show a higher appreciation than those in Noida.As the slump in the region is waning out, the property market has become again active in the Delhi National Capital region (NCR).During this quarter, Noida properties, both residential and commercial in the prime localities of Sector 20, 22, 28 and 31 have registered an appreciation of 5% to 8% over the corresponding period a year ago. It is relevant to note that Gurgaon property prices during this quarter have shown an average appreciation of 10% to 12% over the corresponding period last year. By current price comparison also, similar properties in the two locations show considerable variations. On an average, Gurgaon properties are 15% to 25% costlier than Noida properties.

The trend in Ghaziabad, another major centre in Delhi NCR also underscores the view that Gurgaon property market has eclipsed the other markets in Delhi NCR.In the main locations of Sector 10, 12, 15, 16 and 26 of Ghaziabad during this quarter property values have shown an increase of 7% to 10% over the corresponding period in those locations.Over all, the property prices in Gurgaon show an increase of 20% to 30% over the average prices in Ghaziabad.This higher demand for Gurgaon properties is contributed to multiple causative factors.

The contention that Gurgaon Properties market has eclipsed other markets in the region will be confirmed with an overview of the property prices in Faridabad, another major centre in Delhi NCR.Property prices in the main locations of the city have shown an appreciation during this quarter. In Sector 12, 18, 26 and 28, during the preceding quarter, property rates have shown an appreciation of an average of 5% to 8% over the corresponding period the previous year.These trends show that the appreciation rate of Gurgaon properties is higher than those of these places.The primary reason for this growth is the industrialization of the region.Better transportation and other infrastructural facilities also have helped in this new growth.About the Author:

Joseph Smith have 3+ years of experience in content writing of Properties in Gurgaon ,Gurgaon Properties, Gurgaon Property Dealers ,Gurgaon Property, properties in gurgaon for sale .

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