The Gurgaon real estate market has witnessed rising values to the tune of almost 30% since the downturn of 2008. This was at a time when it was raining affordable properties in other parts of the NCR. So what makes property in Gurgaon so popular?

Gurgaon is a preferred destination
Ravi Saund a local developers says: “Gurgaon has been a preferred destination for a whole lot of people who are employed in the city or even beyond. It has certain unique characteristics. For instance, there are super-premium luxury apartments coming up along the Golf Course Road where values are rising and demand is present.
Gurgaon is an independent town where manager and CEOs live side by side enjoying the same common facilities.”

Sales of property in NCR rising
Aditya Bansal of the ABW Group who build property in Gurgaon was a chance to engage in integrated development after years of making their mark as developers of small, luxury properties in South Delhi. He says: “We believe that with the revival of real estate in India, the sale of residential property in the NCR region have gone up and are growing with time. The newly launched projects are also receiving overwhelming response from end users. This fast recovery of Indian real estate in the past few months, rising interest of customer and launch of state-of-art projects in this area is a testament of increasing confidence of customers in the NCR residential property segment.”

Metro driving Gurgaon property prices
The advent of the Metro has definitely given a boost to the growth of Gurgaon’s real estate. Saund says: “Places where the Metro has been announced have already seen a jump in values. Also the enhancement of the sector road infrastructure has been another boost. With the Metro walking the talk, citizens are more inclined to believe the commitment of the authorities in keeping to the sector roads schedule as well.”

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Tags: Gurgaon real estate, Indian Real Estate, NCR property, Property in Gurgaon

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