subject: North Indias Commercial & Residential Hub: Gurgaon [print this page] Gurgaon is the fastest developing city in the National Capital Region and in a matter of 2 decades has emerged as a leading commercial and residential hub of the country. Read on to know the potential of the city and the areas where houses for rent are available.
What makes Gurgaon a haven for multinationals as well as industry professionals? Well it is the strategic location of the city backed by world class infrastructure which makes it the best choice of both national and international business houses to set up their offices here and conduct business. That is why Gurgaon is now North Indias fastest growing industrial, financial, outsourcing, manufacturing and retailing destination. The city has its skyline dotted with top Fortune 500 companies ensconced in beautiful skyscrapers, and other huge glass buildings housing BPOs and international grade shopping malls. The close proximity to the airport is another reason why companies have rushed to stake their piece of the commercial space available in the city. The township has been developed as a commercial and industrial centre and is firmly treading on the path of expansion.
This phenomenal commercial development has led to the city becoming a source of endless employment opportunities. MNCs and local employers have job requirements and professionals from all around the country are heading to the city to fill the many vacancies. There is a huge influx of people coming in the city and this has led to an increase in the residential property sector. The demand of homes in Gurgaon is increasing steadily and so are the prices. In fact the price appreciation of residential units in the city is among the highest in the country as it has reached the mark of 50% in the previous year.
People are looking for residential spaces and the developers have moved on to developing residential areas further along the NH 8 as the old Gurgaon space has been nearly exhausted. New areas in and around Gurgaon are being developed as integrated townships by the developers and builders active in the area. The townships being built are in keeping with the international standards of the commercial sector development. That is why the residential areas in the city also boast of quality living facilities and world class amenities including multi-level car parking, shopping centres and clubs. The residential properties near to or connecting to the National Highway 8 see the best price appreciation and are the highest in demand because of the areas proximity to the airport and connectivity to the capital city New Delhi.
If you are also moving to the city, you have a wide variety of residential locations to choose from. Wherever you choose to rent house in Gurgaon remember that the better the location, the higher will be the rent. That said, you must know that the city offers rental accommodation suited to people from high- mid- or low level income groups. There are homes available for rent depending upon your budget. For instance if you have a healthy budget for rent, you can take up a flat in Sushant Lok, DLF City, Vatika City or South City. And if you are on a medium budget, you can look for homes in Golf Course Extension, or Sectors 50 or 56 or 70. People with limited budgets, can find rental accommodation in Manesar, New Palam Vihar or Sohna Road.
There are other areas being developed as well and shortly people will have even better choices of rental accommodation.
