subject: Gurgaon Properties Now Attractive With Low Prices In India [print this page] Gurgaon Properties are now attractive with low prices in India. This is because of the recent recession that has swept across the real estate market in the region. Gurgaon was a place with considerable appreciation in property value for the last few decades barring the recent slump. Owing to the doldrums in market forces, properties, both commercial and residential are reported to be available at attractive and low prices for interested investors. Property dealers in Gurgaon are vying with each other to sell their unsold units at reasonable rates. Realizing the new trend, new institutional investors are said to have evinced interest in investing in the low-priced properties. In fact, properties in this location had been getting considerable value appreciation over several years prior to the recession. This momentum was the result of the infrastructure sophistication in the region. The Gurgaon-Delhi expressway, the Delhi-Jaipur National Highway, the Delhi-Gurgaon Metro Rail and the proposed Gurgoan City Metro Rail, etc. have stood as landmarks in the development of the region. Further, the rise of the place in to a major corporate hub in India has attracted a host of multinational corporations to the place. Inevitably, the price of the price of real estate properties in the urban centre began to shoot up. However, in the latest phase in the growth trajectory of Gurgaon real estate market, there is a decline and this has made it attractive for the investors to buy property at low prices in India.
It is amazing to know that Property in Gurgaon have become attractive with low prices in India. As a matter of fact, for years continuously Gurgaon was rated to be the number one urban centre in India with respect to appreciation in real estate value. For several years there had been an average annual increase of 20 to 30 per cent in commercial property value in the region. In the corresponding period, residential property value recorded a lesser appreciation in the range of 15 to 25 per cent per annum. That is, Gurgaon property values were at better appreciation than the national average. It is amazing because this trend has begun to run reverse with the economic downturn. In consequence, Gurgaon properties with low prices in India have become attractive to investors. As more and more investors are interested to buy property in this stretch, in the coming future it will create new market forces with micro economic factors pushing up the prices. Hence, prudent and savvy investors find it ideal time to invest in Gurgaon properties.
