Real Estate Gurgaon: Going from High-Rise to Rock-Bottom

Gurgaon Property at Makaan.com

Lofty buildings and towering structures are the hallmarks of real estate Gurgaon. In spite of the appreciable space present for horizontal construction, it is the vertical elevation that is more prominently seen. The capital city Delhi, after tremendous construction, got saturated as far as the space for property development was concerned. So, the developers started looking elsewhere to keep their businesses going. And one such city was Gurgaon; it had huge market potential to become a real estate hub. The result is all before us... At present, the city is the prominent property market and attracts the investors as well as the end users equally well. Some of the major players like Emaar MGF, Unitech, DLF, and many more have made their presence felt in the housing industry.

Luxury houses laced with all the modern conveniences and carrying excellent connectivity, gave Gurgaon apartments an edge. They also pulled a huge chunk of comfort-seeking opulent class who displayed interest in buying property here. Even the upper-middle class too found the market lucrative. What was the result? As the demand for real estate Gurgaon reached its zenith, the prices too started escalating accordingly. But soon, the developers took it as an opportunity to fill their pockets. They created can artificial property bubble and never let the rates go down. As the prices were increased considerably, even the elite class found it difficult to make purchases.

What was the effect? The demand started receding, and at present, people are not finding it viable to invest into properties in the city. Even this too has not put a stop to the cash-seeking bellies of the developers, and they have now resorting to other means to attract clients. But as long as the prices remain high, their hopes shall remain hopes.

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