subject: Gurgaon Properties Are Available? [print this page] Gurgaon properties are available? I have this question from an NRI investor recently. The investigation may be due to the high demand for properties in Gurgaon in the NCR Delhi. Although not involved in real estate transactions in the region, I am a regular at the city. In my consultations with the property dealers in the town, I learned that both residential and commercial properties are now available in Gurgaon. Although there has been strong demand for properties in the region until recently, the recent fall in the international financial scene has had its echo in the Gurgaon real estate market also. In addition, there has been a major expansion of the city and new areas have been acquired. These factors have been contributing to the recent housing slump in the region.
Properties are available to you in Gurgaon and you can make an assessment of available properties alone. You need to visit the region and gather information firsthand and assess the merits and demerits of the available properties in different parts of the city. A significant aspect of the properties of Gurgaon is that most of the leading real and important property DLF, Parsvanath, Ansal, etc, have projects in various parts of the city. There are a number of completed residential and commercial complexes of these enterprises and housing. In addition, some projects are nearing completion and some are in the pipeline. With the addition of these projects, residential and commercial property in Gurgaon will be available to anyone.
In Gurgaon, residential properties in the low-end segment are readily available in most places of residence. However, the price of properties in Gurgaon is higher than most other regions in the neighborhood. There are a variety of reasons for this. Among many others, the transportation facilities of better quality are the main reason for higher property demand in the region. The newly built highway connecting eight lines with Gurgaon Delhi, Jaipur National Highway connection with New Delhi, the Metro Rail project under way between Delhi and Gurgaon, etc have given much greater recognition and thus became more expensive Gurgaon properties. However, another reason for the high demand of Gurgaon properties is the presence of a large number of multinational corporations, IT companies, BPO, etc in the region. The increasing urbanization of the region is another reason for the growing demand for properties in Gurgaon. Even then, though at higher prices, residential and commercial properties are available in Gurgaon.
