Is Property Investment in Gurgaon a Wise Option?
- Author Peter Smith
- Published March 25, 2011
- Word count 502
If you living in and around Gurgaon and thinking whether to invest in a real estate property is worth, then your answer will be yes. It is one of the highly profitable investment choices and the growth rate has been captured around 500 to 700 percentage. Also, it can be a more profitable investment than the stock market itself, which has been a downtime with global economic downturn. If you still feel, you can deposit the money in fixed deposits or any other banking choices, the profit yield by investing in the real estate at Gurgaon cannot be matched with high level of appreciation value.
Many companies and even individuals are continuously rating this place as their favored choice. And it is the preferred choice because of varied different reasons. And one of the major reasons the cropping of many multinational companies. Post the liberalization era, India has become a hub for the international business and share. Many new Asian companies are looking to open their business here. And Delhi, being the capital of India, many corporations is willing to stay in that place for a center of attraction. And it is a known fact that Delhi has become overcrowded and the lookout for the nearby place in Delhi. During this quest, the urbanization occurred in Gurgaon and many other small places surrounding Delhi. This is the primary reason which has resulted in phenomenal growth.
Apart from the commercial importance of the city, the other factor that has contributed to the Gurgaon growth is the good transport facility and classy infrastructure. The Delhi-Gurgaon 8-line expressway, metro railway which is between Delhi and Gurgaon, the Delhi to Jaipur National Highway, and the Gurgaon metro railway which has been proposed are some of the examples for quoting the good transportation. With the help of these, people can easily commute to the cities.
During some years back, investing in the real estate property in Gurgaon was not considered as the good option, due to the global recession. There has been a dip in the market. And this dip was only at the high-end luxury and commercial properties. But as of the residential property for the average and the middle income group people, there is not much of variation recorded. In most of the times, there has been appreciation recorded.
Once you have decided to invest property in Gurgaon, then you must collect certain information at the same time. If possible, you can visit the Gurgaon personally which can be extremely beneficial. Also, you can get in touch with the other information channels. If you do not have much time to spare from your regular routines, then you can contact the real estate consultants and other agents dealing real estate from that region. And when you are contacting them, keep in mind, you have to cautious while deal with them. Research about them through trusted sources, and conclude on whom to go for. The major projects in the are done by big companies like Ansal, Parsvanath, and DLF.
Lot of developers have recently launched budget Flats in Gurgaon ranging from 30 to 70 lacks. Apartments in Gurgaon have always been in demand due to rise in offices and better infrastructure.
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