Gurgaon and Reap Benefits Investments

A major part of the NCR (National Capital Region), Gurgaon is considered to be the leading industrial hub. Situated over 30 km on the south western region of New Delhi, Gurgaon is witnessing a major population shift. Despite the dearth of basic civic amenities and infrastructure, rapid urbanisation and industrialisation are a few factors that are flourishing the realty sector here. Multi-storeyed building in various architectural designs could be seen here. Targeting working professionals- local and national real estate developers have created a number of modern skyscrapers with state-of-the-art amenities. People here want dwelling spaces that are spacious. On an average 2 BHK apartments in Gurgaon are spread across 1,200 square feet.
According to recent reports there is a huge demand for extra plush homes. More than 30% of home buyers want to invest in homes that are priced between Rs 1 and 2 crore. Correspondingly 28% of people of home buyer prefer buying homes that range anywhere between Rs 65 lakhs and a crore. With the realty demand warring from being mid-segment to uber luxurious, builders and developers are leaving no stone unturned to cater to their demand. Bigger better homes are now luring investors and second home buyers to buy such extravagant properties only to be rented out later. While 3 BHK apartment in Gurgaon are estimated to cost anywhere between Rs 4,000 to 6,900 per sq ft. But the same 3 BHK apartment is capable of generating rental returns anywhere between Rs 13 to 28 per square feet making the Gurgaon market favourable for investors.
Apart from its growing economy- the city’s connectivity is another factor why the realty demand in growing. With major highways like the National Highway-8 that helps improve the Delhi and Mumbai connectivity- major industries have mushroomed on this stretch. Another stretch that is brimming with realty activity is the Kherki Dhaula stretch on the Delhi-Gurgaon border. 2 BHK apartments in Gurgaon especially on this stretch have appreciated a lot. Apart from this the Delhi metro, government owned buses, auto rickshaws helps connect one locality to another. Gurgaon also has an airport- Indira Gandhi International Airport. It is considered to be one of the most busiest airports in the country.
Although electricity in Gurgaon has been a major problem, HUDA (Haryana Urban Development Authority) has announced a project that is estimated to cost Rs 2,688 crores. The authority is all set to build 37 power substations in sectors like 58 and 115. Other substations will be erected in other sectors like 59,77, 85, 87, 94 and 95. While the New Gurgaon sectors will receive electricity, there is a huge demand for properties here. A home buyer is spoilt for choice every time they decide to invest in a property here- from affordable housing units to mid-segment apartments to even luxurious independent homes, New Gurgaon is fast becoming a residential hub. The introduction and expansion of the IT sector is one of the major factor that is fuelling the realty demand here.
If you are looking towards investing in a property that appreciates through time, buy apartments in gurgaon and reap the benefits.

Sulabha Kulkarni is a freelance writer and an avid blogger, following the real estate sector and apartments in greater noida closely for many years. Her areas of expertise are finance, apartments in chennai and real estate sector in India

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