New Investments will Boost Demand for Properties for Sale in Gurgaon
he proposed new investments in the property sector in India will boost demand for properties for sale in Gurgaon
. Reportedly, an additional investment of approximately 1.5 billion USD via foreign direct investment and institutional investment in India is expected to come to the property sector in India in the coming years. This new investment will definitely have a direct bearing on the property market in Gurgaon. Naturally, this will boost up the demand for properties for sale in the urban stretch. Most of the new investors are reportedly interested in the purchase of Gurgaon properties. The main participants of the additional fund are reportedly RedFort Capital, Xander Real Estate Partners, ICICI Prudential Infrastructure Fund, Sun Apollo and HDFC India Real Estate Fund. They have identified properties suitable for development and housing projects in the urban stretch.Industry insiders in the region concur that the new investments will boost up the demand for properties for sale in Gurgaon. The property market has been in a slump for a year or so due to the recent financial slackness felt in the global market. Right now, the Gurgaon property market is in a recuperating phase in which there is some appreciation in prices over the preceding quarter. In fact, on an average there is an approximate appreciation of 8% to 10% in prices of residential properties during the preceding 6 months over the prices during the preceding period. In the case of commercial properties, however, in the prime locations like DLF Phase I, DLF Phase II, Sushant Lok II and Sushant Lok III, there has been an average increase of 10% to 15% in prices during the corresponding period. With the new investment, this will further go up making investment in Gurgaon properties for sale a lucrative option.
The new investments in Indian property sector will definitely boost up the demand of Gurgaon properties for sale .Abhishek Kiran Gupta, research head of the property consultants of global repute, Jones Lang LaSalle Meghraj (JLLM) categorically maintains: While abnormally large returns can be found in specific projects throughout the country, we have limited our analysis to Indias seven largest cities due to high residential demand from their large populations, relatively higher transparency levels and presence of premium regional and national developers. In order to round out our top 10 list, we have also included three additional noteworthy cities which we feel have the potential to provide significant returns to investors. Understandably, Gurgaon is a prime location for these new investments and hence it will boost up the demand for properties for sale in Gurgaon.
New Investments will Boost Demand for Properties for Sale in Gurgaon
By: joseph