The recent flooding of the city of Gurgaon has badly impacted the sales prospects of properties in Gurgaon real estate. People who were looking to buy flats in Gurgaon Sector 56 and other properties in Gurgaon have not put their decision on hold as they feel that they city does not have good infrastructure. Investors who were looking to invest here are now doing a property search and focusing on other India property.
Few weeks back the Gurgaon authorities has slashed the property rates in Gurgaon real estate this had made investors look at the city favorably over other India property. Buyers were doing a property search to select flats in Gurgaon Sector 56 or other properties in Gurgaon that would fall in their budget. But all the positive sentiment have been lost now as many people are calling the city hollow which looks great on the outside but does not have proper infrastructure to support its development.
Many investors have in the past chosen to invest in flats in Gurgaon Sector 56 and other properties in Gurgaon over other India property as the city offered numerous opportunities. Over the years the city was nicknamed the millennium city and it attracted more and more investment, doing a property search here became a serious job as real estate became expensive due to high demand. But it looks now that the tables of fortunes have turned after the flooding as investors are refraining to invest in Gurgaon real estate. This should send a strong message to the state government that just slashing prices is not enough to attract buyers to the market; proper infrastructure should also be offered. Only time will tell whether the government has taken a cue from the situation or will the status will remain quo over the years.
Few weeks back the Gurgaon authorities has slashed the property rates in Gurgaon real estate this had made investors look at the city favorably over other India property. Buyers were doing a property search to select flats in Gurgaon Sector 56 or other properties in Gurgaon that would fall in their budget. But all the positive sentiment have been lost now as many people are calling the city hollow which looks great on the outside but does not have proper infrastructure to support its development.
Many investors have in the past chosen to invest in flats in Gurgaon Sector 56 and other properties in Gurgaon over other India property as the city offered numerous opportunities. Over the years the city was nicknamed the millennium city and it attracted more and more investment, doing a property search here became a serious job as real estate became expensive due to high demand. But it looks now that the tables of fortunes have turned after the flooding as investors are refraining to invest in Gurgaon real estate. This should send a strong message to the state government that just slashing prices is not enough to attract buyers to the market; proper infrastructure should also be offered. Only time will tell whether the government has taken a cue from the situation or will the status will remain quo over the years.
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