Earthquake Hits Sales In Gurgaon Real Estate

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.

New Developments Set To Boost Gurgaon Realty Even Further

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There is widespread demand for properties in India across only a few lucky markets which have managed to make a quick recovery from the intermediate property slump that gripped most major markets including metropolises like Mumbai, Delhi and Kolkata. Gurgaon real estate has been swift in making a recovery from this slump with steadily rising demand for housing and high activity and transaction levels in the market. The demand for Gurgaon properties is anticipated to rise even further over the next couple of years owing to several key developments and infrastructural improvements. Gurgaon is today a leading commercial and business hub adjacent to Delhi and is home to numerous shopping malls, employment avenues and corporate clusters. The population of Gurgaon has seen a jump over a period of 3-5 years and this is set to go up with more and more companies making a beeline for the city. Infrastructure has undergone huge improvement and some developments will definitely boost demand in the near future. Real estate Gurgaon is set to benefit from improvements in water supply, sanitation and public transport. Free Wi-Fi connectivity will also be available in public places soon. The Darbaripur, Noorpur, Bandwadi and Baliyawas villages will be included within the Gurgaon Corporation and this will lead to further expansion. The metro railway extension will also boost realty progress in Gurgaon. The Rapid Metro will link Sectors 56, 44 and the Golf Course Extension Road by September 2016.

Five zones will be the hubs for street markets in Gurgaon, an innovative concept floated by the municipal authorities. Additionally, the authorities are working on making 24-7 water supply a reality in several areas and the Chakarpur pilot project has already been successfully completed. Night markets will be introduced across Gurgaon to improve overall safety while street lighting will also be enhanced. Public transport facilities will be improved and underpasses are also being constructed at IFFCO Chowk, Signature Chowk and Rajeev Chowk. Lighting has been boosted in Rajeev Chowk, Old Delhi Road, New Gurgaon and Pataudi Road among other areas. Such infrastructural developments promise to boost realty markets even more in Gurgaon as per India real estate reports.

Campa Cola Residents Hoping For Relief

Most of the occupants of residential properties in Mumbai in Campa Cola complex are looking to return to their homes. A few months back the people living in these properties in Mumbai were forced to vacate their home after Brihanmumbai Municipal Corporation (BMC) had started the demolition proceedings. currently people are waiting for the BMC to file a reply to their plea in the Supreme Court.

People had moved out of illegal residential properties in Mumbai after BMC had removed gas, water and electricity connection from illegal residential properties in Mumbai. Most of the people had vacated the flats and had taken a flat on rent or shifted with their families and friends. But now most of the people are planning to return to the complex. The residents have now filed a appeal with the honorable Supreme Court (SC), asking about the details of the case. They want to know why the BMC has still not found a solution to their problem. The SC had asked the civic body to evolve a solution.

The civic authority has always maintained that there can be no amicable solution to this particular issue. The civic authority was given two weeks by the honorable SC to file its reply. In the next hearing which was held on 1st September 2014, the civic authority had requested more time from the apex court. They have sought another four weeks to file a reply. The deadline given to BMC is about to end and hence people are keen to move back to their Indian properties in Mumbai.

People are trying to buy gas cylinders for cooking, use emergency light and torches during the dark and buying water from nearby slums to meet their daily basic requirements. All that these people can hope for is a quick solution offered by the BMC.

Expatriates Overlook International Options to Invest on Gurgaon Property

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All we get to heard about real estate in Gurgaon is the extortionate housing rates that go on swelling with every passing year. The escalation in prices may have broken the back of mid-segment buyers, but it has come as a windfall for filthily rich expatriates who are keen to invest properties in the city. If the recent news are to be believed, the high appreciation rates and the crumbling of rupee against dollar has  attracted these NRIs like bees to honey.

The craze for investment on Gurgaon properties is so high for these expatriates that they are overlooking other alluring options such as USA. Those who had purchased properties 7-10 back in lakhs can now sell them in crores: what more could an investor need? In international localities, the prices have devalued and these has made the investors lose interest in them. Gurgaon, as per current scenario, is more fruitful in terms of returns. The pace at which the city has grown in last decade has proved a boon for most long-term investors.

The realty market here is also attracting international business groups, who want to foray into the real estate here. Take for example, Staywell Hospitality Group, an Australia-based enterprise. Staywell has launched its ultra luxury leisure hotel in Sector 14. real estate Properties in Gurgaon in its vicinity shall be able to enjoy all what it is offering: gymnasium, banquet halls, swimming pools, and international cuisines. It would be group's second largest hospitality venture till now.

The city's living standard too has gone all the way up. Recently, CRISIL published a report on the scale of prosperity for Indian cites, and it was no surprise to know that city topped in the list. It has even left Mumbai behind in percent population that has all the basic gadgets, including computer or laptop. Such a population forms 27%,  a value far more than 15% of Mumbai.

Rapid Metro Transport to Transform the Shape of Gurgaon Flats

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With the launch of Rapid Metro, a completely privately owned enterprise, commuters from Delhi have taken a sigh of relief. Earlier, you could see them getting down at Sikanderpur Station and negotiating with autowallas to reach their offices. Those who took private auto-rickshaws had to pay Rs. 70-80 to reach up to Udyog Vihar, and around 60 bucks for Cyber city. These money-gluttonous hawkers are now finding hard to find the passengers. With the cost-effective, time-saving, and comfortable ride of rapid metro, most of the commuters now prefer travelling by train. While the metro is here to stay forever now, residents of Gurgaon properties too have welcomed the step, as it will make their local travel far too easy and quick.

Those who are still ignorant about the basics of Rapid Metro, let me give you a brief. Costing @ Rs. 12 one side, this private metro is stretched over 5 km and talks about 15 minutes to complete its one round from Sikanderpur Metro to its last station, Phase 3. The frequency of trains is 4 minutes and Gurgaon flats located over its route are going to reap many benefits. It is expected to garner more inquiries for residential properties in these localities. At present, the train covers important commercial hubs and corporate companies present in DLF Phase 1,2,& 3, City Court, Vodafone Belvedere Towers, Emaar MGF Park, and MIcromax Moulsari Avenue. The IndusInd Bank Cyber City station is not yet operational. So the commuters to Udyog Vihar, Cyber Hub, and Gateway Tower still have to wait for some more months.

There are more than 26 million sft of office space in Cyber City alone, and the total number of employees working ere is a whopping number. The Rapid metro is like a windfall for them. For the offices that have been providing rental cars to their workers, can now, let go off such services and save their pockets.

Buy house  and rent flats in Gurgaon in different price brackets over the realty portal Makaan.com. Locate Gurgaon flats that fit within your budget and offer you the desired amenities.