Towering Gurgaon Rentals-is It Signifying Trend Reversal

Gurgaon has seen a healthy growth over the past few years mainly because of the reasons

like infrastructural development, its proximity to the airport and countrys capital, opening of various corporate offices and clustering of national and international BPOs. All these factors have contributed in increasing the prices of the properties in the city. Be it residential properties in Gurgaon or the commercial chattels, both the counterpart of the sector are experiencing an all time hike in their values. It has really become a dream for the investors of middle income groups with low budget to own a house in the city.

The real estate market of Gurgaon is witnessing the fade interest from the buying communities and most of the buyers have turned away from the market due to steep rise in property prices and a decline has been registered in the trading transaction of the properties. On the contrary to this the Gurgaon Rentals are showing continuous growing trends in both commercial and residential segments indicating that the buying decision of the investors have changed because of the shooting value of the properties in the city.

The increasing of interest rate towards home loan and withdrawal of conundrum by the various banks besides fixing the upper limit of home loan funding up to 80% of the capital value of the property have acted as obstacle for those buyers who only have the option of Bank finance to realize the dream of own house. This set of people with low budget and lower cash balance are left with no other option then to pay hefty rents prevailing in the market.

Mounting prices of the residential properties in Gurgaon and the escalating Gurgaon rentals are correlated with each other somewhere down the line. When the prices fires up and outpaces the affordable limit, the rental value also rise and after a period of 2-3 years reaches to a level, where the capital value of the property which two years ago seemed to be untenable, become attractive and there upon trend reversal sets in with buyers actively looking for properties and demanding for properties. Consequently, the increase in rental value down the time, shall act as originator for increasing the demand of residential properties in Gurgaon

This is the right time to invest for all those interested in buying residential properties in Gurgaon, as they can negotiate best deal from among the various future projects coming up in the city.

by: bhupendra rajput

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