In a survey of the most attractive property destinations conducted by the PHD Chamber of Commerce and Industry (PHDCCI), Gurgaon has come up on the top of the list among all other locales of Delhi/NCR. The survey also included the Tier-II cities like Panipat, Rewari, Meerut and Sonepat. As reported by the Economic Times, Delhi, Noida, Alwar and Faridabad follow the lead of Gurgaon and are just behind it.
The main reasons why Gurgaon is trending in the Real Estate market include its excellent connectivity, a good social infrastructure and ample availability of employment opportunities. Let us look at these facilities in some detail:
Connectivity- Gurgaon, the nerve center of commercial development in the National Capital Region (NCR), enjoy the best connectivity. Its proximity to the Indira Gandhi International Airport and the industrial locations of South Delhi makes it the best place to park your money with assured handsome returns in the future. Metro connectivity via the Yellow Line and the Rapid Metro has further improved the sentiments of investors towards the market. Property values in the location keep increasing every year.
Social Infrastructure- The state of social infrastructure in Gurgaon stays unparalleled in the entire NCR. Every facility needed for a good community life can be availed at your doorstep. Schools, hospitals, banks & ATMs, convenience stores, malls and multiplexes all are present within a decent radius of the city’s residential areas.
Real Estate Sector- The real estate market of Gurgaon exhibits a perfect mix of residential and commercial projects. Surveys suggest that the buyer segment interested in Gurgaon mainly consists of first- the residential end-users; and second- the investors in commercial realty. Price appreciation pattern in the city’s realty sector has been one of its kind.
Employment Opportunities- With so many functional commercial buildings in the city, employment opportunities in the area are always on the rise. And the new construction further gives employment to several people through the engineering and construction industry.
Being the master of all trades, Gurgaon realty market is going to stay optimistic for a long time. Hence, those who are thinking of investing must consider it and those who have already done must stay invested for fruitful returns in the future.
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