Gurgaon, the upscale city of Haryana with its mounting global popularity has become the cynosure for all real estate investors. Gurgaon being a prime BPO and IT hub has also earned the reputation as the most attractive suburb within the NCR as compared to Noida, Indirapuram and Faridabad as its malls and world class pubs offer a modern and cosmopolitan lifestyle.

World Class Infrastructure

The international standard office space offered by Gurgaon has attracted big corporates from around the world. In addition to that, Gurgaon houses a large number of high-end condominiums to house corporate staff. Due to the demand and availability of world class corporate spaces and residential apartments,Gurgaon property has witnessed noticeable property price appreciation. Over the past two years, real-estate price of the mall capital of India has risen by 25-35 per cent annually. The improved infrastructure of Gurgaon has inspired numerous Indian and overseas companies to shift their base to this well developed new age city. With the arrival of these companies, a large workforce has followed in their wake which prefers to own rather than lease an apartment. This was a positive indication for the real estate India and of Gurgaon in particular, as housing finance and rising salaries of the middle class population have pushed up demand in the residential segment.

Housing Loan Made Easy

In addition to this, the brain friendly availability of housing loan in India had produced a class of investors who take loans to buy a second property as an investment. The affluent class residing in nearby places also buys properties in Gurgaon for the purpose of weekend home. All these pivotal factors have pushed up demand of real estate in Gurgaon.

To cater to this rising demand of property, virtually every well known developer has a project or two in Gurgaon Sohna Road, Golf Course Road, MG Road and Old Gurgaon Road comprising of middle-budget and high-finish projects.

Improved Facilities And Connectivity

Gurgaon has reshaped the Indian realty sector as it has pioneered the emergence of luxury segment in India during 2004-05 with the launch of DLF’s Aralias at Rs 3,500 per sq ft; Aralias II at Rs 4,000-4,200 per sq ft; MGF Vilas at Rs 4,500 per sq ft; and DLF’s Magnolia at Rs 5,000 per sq ft towards the finish of 2005. These high end projects offer 4-5 bedrooms, central air-conditioning luxury apartments with lavish specifications. Gurgaon, a world class real estate destination for investors will keep on attracting FDI in India, as it has lots of advantages as compared to other cities and one of its prime advantages is its proximity to the International Airport. Therefore, a little attention to its infrastructure will yield nice dividends to real estate sector of Gurgaon.