Why is Gurgaon touching heights in residential property market ?

Gurgaon is a thriving industrial and residential hub, geographically, located in the state of Haryana at 35 kms from Delhi. In 1970s, a leading automobile company, Maruti Suzuki India Limited had established its first plant in Gurgaon that pushed other industries to introduce their firms in Gurgaon. With the revolutionary growth of such industries and tremendous turnovers, a growth in real estate sector comprised of commercial and residential property in Gurgaon has been encountered. Why is Gurgaon touching heights in residential property market ?Gradually, with the establishment of commercial properties in Gurgaon, the residential properties also increased in number. Thus, there is a plethora of residential properties in Gurgaon offering hi-tech amenities to residents.

Present scenario of residential properties in Gurgaon:

The residential real estate market in Gurgaon is at boom because of the factors that it is an investor driven market. There are a few more sparkling factors like easy commutation to Delhi and international airport, high employment opportunities, flattering tax policies, tremendous industrial development, and much more. The analysis reflects that Gurgaon ranks second in the NCR’s residential real estate market. 24 percent of units are under construction and by 2018, the city is expected to have 2,500 residential buildings. However, the existing residences have a varied range starting from one bedroom flat to penthouses and villas. Rental residences are also available offering a luxurious lifestyle that include air-conditioning, beautiful site scenes, gyms, swimming pools, rainwater harvesting and other relaxing amenities.

A quick tour of residential projects:

Advantages of Location for Residential Properties:

  • Excellent connectivity with Delhi through Delhi-Gurgaon Expressway, Mahatma Gandhi Road, Mehrauli-Gurgaon Road and Expressway.

  • Flawless connectivity with Udaipur, Ahmedabad, Surat, Jaipur, Vadodara, Mumbai and other Indian regions through NH-8, which is a unit of Golden Quadrilateral.

  • Just 20 kms from Indira Gandhi International Airport.

  • Eight lane toll expressway provides a smooth traffic to and from Delhi.

  • The superb transportation system; Rapid Metrorail Gurgaon has made facile commutation across Gurgaon.

  • Delhi Metro is also providing connectivity between Delhi and Gurgaon.

  • Reputed firms ranging from IT to automobile industries are giving a good exposure to the professional skills to residents of Gurgaon and Delhi-NCR.

  • Natural greens are more in number against Delhi, thus, bequeathing health benefits to Gurgaon residents.

All above mentioned factors can push anyone to book a residential property in Gurgaon at the affordable rates. They can avail the assistance from real estate professionals as well.