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.

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.

The Problems with the Ailing Real Estate Gurgaon

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Since the day I have been commuting to Gurgaon, I have not encountered two consecutive days when the traffic was all-smooth and I could reach office on time. Many-a-times , I have thought of relocating to the city, as commutation from Delhi takes too much of a time. But the city is facing too many problems of its own. Buying flats in Gurgaon comes with too many repercussions. One, the traffic problem, I have already mentioned. There are many other that make me and many other buyers apprehensive of leaving Delhi and shifting their residence here.

The prices are too high. Have a look at the new projects floated by the eminent developers. None of them cater to the affordable class. Most of them have been developed to cater to the high-end buyers who are backed by strong financial means. Even if you are going for a 2 BHK apartment in the city, you may need to spend around 70k! And for flats with more rooms, price rarely is below 1 crore. For middle-income group, it is a too much to ask for. Real estate Gurgaon has fully blown into a bubble, a bubble that has reached the verge of bursting anytime.

The cost of inputs required for construction is on a all-time high. Water, electricity, sand, and other materials cost too heavy for developers, and they, in turn, keep on rising the prices month after month. This, along with the delay in completion, makes the buyers feel disgusted and cheated as well. Then come the countless frauds that have driven their sentiments to the negative direction. There have been cases, when the occupancy for flats in Gurgaon gets delayed by many years. Last, but definitely not the least is the number of frauds that have caught the realty market. Developers, builders and agents play really dirty games with the 'not so well-informed' buyers: double dealings, selling unauthorized constructions, lack of approval from authorities have played havoc with the buyers' interest in making a purchase.

Makaan.com, the real estate portal, lets you search 1, 2, 3 BHK flats in Gurgaon. Look for the quarterly price trends for real estate Gurgaon and join forums to get yourself apprised of the property trends.

Real Estate Gurgaon: Going from High-Rise to Rock-Bottom

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Lofty buildings and towering structures are the hallmarks of real estate Gurgaon. In spite of the appreciable space present for horizontal construction, it is the vertical elevation that is more prominently seen. The capital city Delhi, after tremendous construction, got saturated as far as the space for property development was concerned. So, the developers started looking elsewhere to keep their businesses going. And one such city was Gurgaon; it had huge market potential to become a real estate hub. The result is all before us... At present, the city is the prominent property market and attracts the investors as well as the end users equally well. Some of the major players like Emaar MGF, Unitech, DLF, and many more have made their presence felt in the housing industry.

Luxury houses laced with all the modern conveniences and carrying excellent connectivity, gave Gurgaon apartments an edge. They also pulled a huge chunk of comfort-seeking opulent class who displayed interest in buying property here. Even the upper-middle class too found the market lucrative. What was the result? As the demand for real estate Gurgaon reached its zenith, the prices too started escalating accordingly. But soon, the developers took it as an opportunity to fill their pockets. They created can artificial property bubble and never let the rates go down. As the prices were increased considerably, even the elite class found it difficult to make purchases.

What was the effect? The demand started receding, and at present, people are not finding it viable to invest into properties in the city. Even this too has not put a stop to the cash-seeking bellies of the developers, and they have now resorting to other means to attract clients. But as long as the prices remain high, their hopes shall remain hopes.

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Surge in demand for property in Gurgaon

Realty market is believed to be a lucrative investment option and that’s why millions of people consider investing in properties that have potentiality. Gurgaon’s properties are attracting investors with the state government taking innovative steps to make the city a commercial hub and investment destination. According to reports, the property prices here have been relatively stable or surged in the past few years with investors eyeing to invest. If you are thinking of investing in a residential property in Gurgaon then you can take the assistance of realty websites.

Searching for lucrative properties in Gurgaon might be a tedious task for you especially if you are a new buyer. Understanding what you want is the initial step towards finding a property of your choice. There are real estate whose prices are likely to increase with the coming up of new infra projects. Realty websites let you browse properties both small and large commercial and residential plots at a relatively cheaper price.

Demand of real estate Gurgaon is increasing. Big developers are coming up with luxurious residential projects for home buyers who want to own their dream houses in Gurgaon.  If you have a thought in your mind to invest in Gurgaon properties then search a lucrative deal with realty portals. The realty websites let you browse a commercial and residential property with preference to location, developers, budget and space. All the information pertaining to residential and commercial real estate in all the major cities are made available just through clicks.

With the advanced infrastructure and setting up of MNC offices Gurgaon has come to spotlight as an investment destination. According to reports, residential units in Gurgaon were sold at attractive prices. Because of properties in Gurgaon has been performing well with the new launches of residential units and absorption the value of realty market is expected to boom.

Finding a Gurgaon property through realty websites has many benefits associated. Through the sites, you can find developers who help their customers in availing house loans and home insurance through easy and quick processes. By taking help of these sites, you can reduce the pain of collating information through typical means and also find sellers who are willing to offer discount on properties. For instance, Makaan.com, a leading realty website that aims to connect buyers and sellers, offer information on properties of all major cities and also help its customers to connect developers in an easy way.

Buying or selling a property in Gurgaon is a crucial decision and so by browsing realty websites you can remain well informed on realty market and make good decisions.