subject: Affordable properties in Gurgaon are limited [print this page] Are you looking for an affordable option to live in Gurgaon? Either you compromise with your choice or pay a high price to dwell in the city. The city is an expensive place to afford a shelter of preference. Although, property market offers many options of rent and purchase to live but you need a handsome amount to pay as rent or property purchase.
Although developers and builders are emphasizing that they are launching the affordable properties in Gurgaon city but the rates are still very high for a low and middle income groups. Only the high class or upper-middle class can afford to buy property in Gurgaon.
The property rates for an average 2/3 BHK apartments ranges from 40 to 60lacs and the 4bhk/ penthouses will be somewhere between 75lacs to a crore or more. You can easily evaluate that the prices are still quite unaffordable and are far beyond the reach of common man to own a living in Gurgaon.
The rate of properties in Gurgaon is high because of the massive requirement of commercial set-up in the city which is quite close to the capital of India and the international airport.
Any business entering the market can only flourish if the location of the office is strategic along with rapid transportation facilities in the setup place. The Gurgaon city offers good connectivity to other cities as well as within city by metro trains and expressways. The recently launched metro connectivity from the Delhi to Gurgaon had added to the rising property rates in the city. The rate of a property in Gurgaon near the metro has jumped suddenly to unaffordable levels.
The affordable properties are limited and are only available in areas where you cannot really dwell because of lacking development in the remote areas. Therefore even if it is purchased it is only fit for dwelling after few years when the development is at least satisfactory such as road, transport facilities, sanitation and medical help etc.
The growing infrastructural facilities in the city are rising and simultaneously the property rates of rent and purchase for the common man.
