Recent earthquake in the Hindukush area in Afghanistan has shaken the faith of people in investing in seismic sensitive zones like Gurgaon real estate. Since Gurgaon falls in sensitive zone 4 the area is prone to earthquake disasters. A sudden drop in demand for real estate Gurgaon has been seen post this incident.
Infact Gurgaon properties like property in Sohna Road have seen a drastic drop in the number of sales enquiries. Many people living in flats in Sohna Road had rushed out during the earthquake. The worst hit is the Gurgaon properties on the higher floors. Ground floor and first floors are still preferable investment option. People still prefer to buy flats in Sohna Road on lower floors, but there are simply no takers for flats in Sohna Road which are on the higher floors. Many builders also have noticed that now people are asking for earthquake proof homes.
It’s not only the sale of property in Sohna Road that have been affected, the rentals too have been affected by the trend. Now agents say that most people prefer to take property in Sohna Road on lower floors. Many people living on rent in high rises are looking to shift to lower floors in Gurgaon real estate.
This trend is worrying the owners of Gurgaon properties on higher floors as they feel that might have made wrong investment move. But according to realty experts there is nothing to worry as it is unlikely that the demand of Gurgaon real estate will affected on a long term basis. Most experts feel that real estate Gurgaon will get over the incident and the demand of flats on higher floors will revive soon. For investor and end-users this might be a good time to strike a bargain and get a steal deal in real estate Gurgaon.
Infact Gurgaon properties like property in Sohna Road have seen a drastic drop in the number of sales enquiries. Many people living in flats in Sohna Road had rushed out during the earthquake. The worst hit is the Gurgaon properties on the higher floors. Ground floor and first floors are still preferable investment option. People still prefer to buy flats in Sohna Road on lower floors, but there are simply no takers for flats in Sohna Road which are on the higher floors. Many builders also have noticed that now people are asking for earthquake proof homes.
It’s not only the sale of property in Sohna Road that have been affected, the rentals too have been affected by the trend. Now agents say that most people prefer to take property in Sohna Road on lower floors. Many people living on rent in high rises are looking to shift to lower floors in Gurgaon real estate.
This trend is worrying the owners of Gurgaon properties on higher floors as they feel that might have made wrong investment move. But according to realty experts there is nothing to worry as it is unlikely that the demand of Gurgaon real estate will affected on a long term basis. Most experts feel that real estate Gurgaon will get over the incident and the demand of flats on higher floors will revive soon. For investor and end-users this might be a good time to strike a bargain and get a steal deal in real estate Gurgaon.
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