Residential Properties get an Impetus as Gurgaon is Rewarded with 'Most Prosperous Indian City' Tag

Gurgaon Property at Makaan.com

Gurgaon, the treasure trove of IT/ITeS sector, has been credited with the tag of 'most prosperous city of India' by the credit rating agency, CRISIL. This comes as no surprise seeing the way its economy has burgeoned in all sectors. According to the rating, city has left other metropolitans like Delhi, Noida, and Mumbai far behind in terms of living standard of their majority of population. Gurgaon has made a tremendous urbanization in past few years. Given the fact that city embraces some of the most prestigious multi-national companies and generates high-income employment opportunities, it has attracted a good number of investors, job-seekers, and capitalists.

As per CRISIL rating, the city has got an edge in terms of possession of gadgets like television-sets, laptops, and mobiles. About 27% of its population is within the reach of all these gadgets. In terms of household utilities too, residential Gurgaon property stand in the front row, way ahead of other metros. Augmentation in overall wealth of people, high escalation of households, and strong presence of IT assets have been the contributing factors in rendering the city with well-heeled residents.

The opulent culture can be seen in the way the city witnesses the high-end infrastructural projects, increased interest of  global giants to invest, and well-off offices as well as residential Gurgaon real estate properties. If the number of expatriates that migrate here is taken into account, we see that their preference for Delhi and Noida lags behind. The cosmopolitan structure that it has acquired makes it all the more inviting. Increase in disposable incomes and better job offers keep the immigrants shifting their bases here. With a whopping large number of top-notch builders having chosen as the destination for their avant-grade projects, the likeliness of well-to-do masses to settle here has become quiet high. The city rakes in mullahs as far as long-term monetary gains via investment are concerned.