Flooding Dampens The Sales Prospects Of Properties In Gurgaon

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.

Properties in Gurgaon tops the demand chart among NCR

A report says that Gurgaon property tops the demand charts among the National Capital Regions in office, retail and residential space. Developers and real estate investors are looking for every opportunity to invest in this hot destination. A few factors that make Gurgaon a highly preferred investment destination are the upcoming world-class residential projects and well connectivity to Delhi and Jaipur.

Properties in Gurgaon currently are considered to be gold mine. The prices of properties in Gurgaon are skyrocketing because in other parts of the NCR there is lack of infrastructure. Although in certain areas land is available but due to the lack of connectivity the demand is low. Compared to the other metropolitan cities such as Hyderabad, Kolkata, Chennai and Bangalore there is a higher number of residential units.

There has been a continuous rise in the demand for property in Gurgaon with the coming up of multinational companies and housing units. The growth has also influenced the areas located close to that usually include the exquisite Maneswar, Sohna Road and Pataudi Road. The other sectors of the city are also in great demand such as sector 99, 85, 82 and 37.

Developers are rushing to Gurgaon with both residential projects and commercial projects to meet the supply. Renowned developers such as MGF EMAAR, Ansal, DLF, Unitech, CHD and more have already started offering residential units to home buyers at highly competitive prices. Most of the developers are even adopting theme-based housing projects to meet the demands for people who want a standard lifestyle.
Gurgaon properties offer opportunities for investors with promising returns. Besides residential projects, office space also offer good prospects for business professionals who want to set up operations close to Delhi. The world-class infrastructure is sure to augment the value of the properties of Gurgaon in the times to come.

What makes Gurgaon a hot realty market? Gurgaon is well connected to Delhi and other important commercial cities such as Noida and Faridabad. Moreover, its proximity with airport and the upcoming aerocity makes it a potential investment option with best return. Smart home buyers are taking the advantage of property sites to search and locate developers who are offering residential units at highly competitive price.
With new players entering in to the realty market of Gurgaon the competition among developers is expected to increase that will directly benefit home buyers. So, eventually the demand for properties in Gurgaon is expected to rise more in the coming years that make it a hot investment destination.