Gurgaon is one of the fastest-growing cities in North India, and owning property here could translate to big bucks a couple of years down the line.
The city has rapidly grown to become a commercial hub, with large corporations setting up shop here. This is of great importance to both the domestic and international investors and bodes well for the city’s future.
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Thanks to these recent developments, the real estate sector has seen a surge, and this might just be the best time to invest in property in Gurgaon. But, investing in Gurgaon will require a large sum of money, and with the recent stagnation in the economy, along with unstable real-estate markets, it’s essential that you make a well-informed decision that will lead to profit in the future.
Properties in Gurgaon have been constantly outpacing those in Delhi and Noida when it comes to real estate investments. With the numerous housing properties in Gurgaon, especially under the banner of big names like Unitech, it is now really easy to get your dream home in this region.
Here’s a list of reasons that make Gurgaon the ideal place for some real estate shopping.
1. Recent Real-Estate Slump
According to a report by Business Insider, the time is ripe for investors looking to buy residential property in Gurgaon. The recent dip in real estate sales coupled with the fall in property prices has caused developers to offer attractive discounts and lower prices so that they can clear their unsold inventory.
Because of the changes in central bank policies, you can now opt for a home loan with a cheaper interest rate, helping you reduce the cost of your new house.
2. Attractive Returns
When you make an investment decision, especially when it comes to property, the possibility of returns and the profits involved is the first question that comes to mind. Gurgaon is an upcoming city, and has a lot to offer its residents.
Along with the fact that the city is growing exponentially, the rising property and rental prices in Delhi are forcing companies to move to Gurgaon and surrounding regions. This means that there will soon be an increased demand for housing space in the area, as professionals prefer living close to their workplaces.
The establishment of companies in the area also translates to all-round development of the city.
3. Better Connectivity
With the establishment of the metro rail, you’ll find that travelling between Delhi and Gurgaon is fairly simple. The upcoming metro rail expansion will ensure that remote locations will also have better access to the main areas of the city.
To complement the excellent metro connectivity, a number of expressways including the KMP Expressway, Dwarka Expressway, and NH8 are also present. Both the road and metro connectivity are sure signs that your investment will be a profitable one. Apart from the metro rail and expressways, Gurgaon also has an inter-city rail that you can use for transport.
4. An Exclusive Address
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Owing to the significant development in real estate, Gurgaon has seen a many developers coming up with unique housing spaces and properties.
Thanks to the requirement for homes, builders have started to experiment with their constructions and you can find a variety of different properties to invest in.
5. Better Employment Opportunities
Gurgaon is on the way to become one of the most important commercial hubs in the country. This also means that a number of national and multinational companies are setting up their corporate offices in this area. The Government’s new ‘Start Up India’ initiative will also foster the growth of a number of startups in the area.
The setting up of these new offices and companies means that now you’ll have even more employment opportunities to explore. This will also result in an increased demand for houses and other living spaces, so an investment in Gurgaon realty is a wise decision.
6. Convenient Lifestyle
With the establishment of housing societies and corporate spaces, a number of medical and entertainment establishments have also sprung up in Gurgaon. Hospitals like Columbia Asia, Medanta, Fortis, and Max Hospital are now operational. If you’re in the mood to shop, malls like MGF, Ambience, and City Center are at your disposal. Shop away!
As you can see, buying property in Gurgaon is a lucrative idea, but it’s essential that you do a thorough investigation of the housing complex you’re planning to invest in. Before you invest, hire a legal advisor to run through the paperwork with you, so that you have a fair idea of what you’re getting into.